Answer: GDP is used to measure a society’s standard of living, but it is not a thorough indicator since it does not directly account for leisure, standard of environment , levels of health ,education and security ,inequality etc. i.e. The values that society may place on certain types of output.
The short coming with GDP is that it does not ponder upon the true economic welfare in the society. To analyze it's limitations better, we will ponder upon several factors that are not accounted for in GDP and are listed above.
GDP does not account for leisure time. GDP includes what governments and other agencies spend on healthcare, education and security but it does not include actual levels of health and learning.
GDP has nothing to list about inequality in society. For example, when GDP per capita increase by 17%, it could directly or indirectly mean that GDP for everyone in the society rose by 17% or it could eventually state that GDP of some class rose more while the GDP of others class has declined.
In such cases we could always ponder upon several other useful and relative key terms such as Human Development Index (HDI) while also analyzing GDP.
<u>A)</u><u> Capital inflow.</u>
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<h3><u>The inflow of capital: What is it?</u></h3>
Net purchases of domestic assets by non-residents, or the difference between purchases and sells, are referred to as capital inflows. Net foreign asset purchases by domestic agents, excluding the central bank, equal net capital outflows. The total of foreign direct investment into the domestic economy, portfolio investment obligations, and other investment liabilities is known as capital inflows. Capital inflows to developing nations increased dramatically in the early 1990s. Direct and portfolio investments were sparked by interest in nations with developing financial markets. The influxes were welcomed since they gave investors more chances for international diversification and helped developing nations finance domestic projects.
Learn more about capital inflow with the help of the given link:
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Answer:
Retained earnings......................Dr $22,000
Dividend expense $22,000
Explanation:
There are two accounts, temporary and permanent accounts. Temporary accounts such as dividends and revenue need to be closed and charged against permanent accounts at the end of reporting period. This is done to estimate the total earnings of the firm during the period.
Dividends are charged to permanent account, retained earnings. Following is the closing entry:
Particulars Debit Credit
Retained earnings $22,000
Dividend expense $22,000
(Dividends expenses closed
by charging to retained earnings)
Answer:
21,062.96
Explanation:
As per online sources the price was $21,062.96.
see attached extract of source