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pashok25 [27]
3 years ago
6

Suppose the government passes a law eliminating holidays and, as a result the production of goods and services increases because

people work more days per year (and thus enjoy less leisure per year) Based on this scenario which of the following statements is
a. GDP could either increase or decrease because GDP includes leisure
b. GDP would definitely increase despite the fact that GDP includes lelsure
Business
1 answer:
dedylja [7]3 years ago
6 0

Answer:

The correct answer is GDP would definitely increase because GDP excludes leisure.

Explanation:

The GDP does not measure the level of development of a country, nor does it measure the quality or level of its educational system or its health. Come on, that the quality of life in general is not measurable by GDP, although it is true that countries with a higher GDP per capita can afford better health or education services, as well as better infrastructure and services in general.

It does not measure the state of the environment or the damage caused to it or natural resources by the economic activity carried out. In other words, GDP does not report externalities, that is, it does not reflect the total social benefits and costs derived from economic activity.

GDP does not measure the quality of the goods and services produced. The GDP figures are only numbers that do not take into account exactly what is being produced or what is the quality of what is produced. This prevents, for example, comparing production between different eras. Does a computer add up to GDP now than in the 80s? The answer is no. Does a country of services add up to an oil exporter? The answer is also no.

It ignores the value of elements that contribute to maintaining the level of well-being of the population, such as leisure or freedom. In freer countries or in which its inhabitants have more leisure time and better options in which to invest it, well-being is much greater.

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Communicating with people you know or meet to share information or advice about a job defines _____.
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The answer is career fair.
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2 years ago
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Which of the following situations represents financially responsible choices? Select all that apply.
Gnom [1K]
<span> making on time payments on a debt
</span><span> purchasing a large kitchen appliance with cash 
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Suppose that an American-made pair of blue jeans has a price of $80. If the exchange rate is $0.095 = 1 peso, then a Mexican con
Natasha2012 [34]

Answer:

The correct answer is 842.1 Pesos and 941.18 Pesos.

Explanation:

According to the scenario, the given data are as follows:

Price of Jeans = $80

So, if exchange rate is $0.095 = 1 pesos

Then pesos required to buy that jeans can be calculated as follows:

Pesos required = $80 ÷ $0.095

= 842.1 Pesos

And if 1 Pesos = $0.085, then

Pesos required = $80 ÷ $0.085

= 941.18 Pesos

8 0
3 years ago
Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $49,0
natima [27]

Answer:

a. Dr Bad debt expense $1,617

Cr Allowance for doubtful debt $1,617

b. Dr Bad debt expense $2,205

Cr Allowance for doubtful debt $2,205

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.  

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Estimated uncollectible amount

= 5% × $49,000

= $2,450

As such, if the allowance for doubtful;

has a $833 credit balance before the adjustment

Additional allowance required

=$2450 - $833

= $1,617

Entries required are

Dr Bad debt expense $1,617

Cr Allowance for doubtful debt $1,617

b) a $245 debit balance before the adjustment.

This means that off the amount uncollectible $245 has already gone bad

Adjusting entries required amounts to

= $2450 - $245

= $2205

Dr Bad debts expense $2205

Cr Allowance for doubtful debt $2205

7 0
3 years ago
Managers who are responsible for just one organizational activity are known as ______ managers.a. specialist b. first-line c. si
omeli [17]

Answer:

d. functional

Explanation:

A functional manager can be described as a managers whose responsibility is to manage an organizational unit such as a department within an organization.

A manager can be given the responsibility to manager a specific department such as marketing, engineering, IT,  or public relations.

The primary role of a functional manager is to be in charge and manage  resources in his department, and to also to direct the technical work of people working on a project under his functional area.

Therefore, managers who are responsible for just one organizational activity are known as <u>functional managers</u>. The correct option is d. functional.

5 0
3 years ago
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