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Svetach [21]
3 years ago
8

If real GDP declines in a given year, nominal GDP _____. rev: 04_09_2018 Multiple Choice must also be increasing may either rise

or fall must also be declining is likely to remain constant
Business
1 answer:
soldier1979 [14.2K]3 years ago
7 0

Answer: May either rise or fall

Explanation:

The differnce between the Real GDP and the Nominal GDP is inflation. Whereas Nominal GDP is calculated with the current prices, Real GDP uses the prices from a base year so as to negate the effects of inflation.

If Real GDP declines in a given year therefore, nominal GDP could rise if the inflation is high enough to make it seem as though the country is producing more goods and services even if this is not the case.

However, Nominal GDP could also fall if the economy is simply contracting with a low inflation rate and this was the reason that the Real GDP fell as well.

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A homeowner fears the construction of a factory nearby will decrease the value of her property. this illustrates the principle o
Mama L [17]

A homeowner fears the construction of a factory nearby will decrease the value of her property. this illustrates the principle of externalities.

Many people are unaware that there are tax advantages for home owners when they purchase, own, remodel and even sell their property. These advantages take the form of tax deductions, which lower your taxable income and hence lower your tax payment.

However, you might be astonished to hear that even though the house was bought with a mortgage, you still own it. As the homeowner, your name is listed on the title. The lender does not actually own your home; rather, they only have a stake in the property and the mortgage note.

According to the Federal Reserve's 2020 Survey of Consumer Finances, if you own your home, you probably have a higher value than someone who rents. The assumption that owning a home is a wise financial decision is supported by the fact that homeowners have a net worth that is more than 40 times bigger than their counterparts who rent.

Learn more about homeowners here:

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4 0
1 year ago
Wilturner Company incurs $88,000 of labor related directly to the product in the Assembly Department, $37,000 of labor related t
Kazeer [188]

Answer:

Explanation:

The journal entry that would include is shown below:

Work in Progress inventory A/c Dr           $125,000

Factory overhead A/c   Dr                         $24,000

(Being labor cost is recorded)

The computation is shown below:

Work in progress = Labor expenses + whole labor expenses

                             =$88,000 + $37,000

                             = $125,000

The labor expenses are directly related to the product which means it is a direct cost

And, the whole labor expense is considered to be the overhead cost as it is not directly related to the product

And, the $24,000 is also considered as an overhead cost because it is used in both the departments so it is come under the factory overhead account

4 0
3 years ago
The Keynesian view of economics assumes that:
olga nikolaevna [1]

Answer:

The correct answer is

b. wages are sticky.

good luck

7 0
3 years ago
Which two types of accounts offer tax benefits before saving?
Ainat [17]
A and D are the correct answer
7 0
3 years ago
Chez Fred Bakery estimates the allowance for uncollectible accounts at 3% of the ending balance of accounts receivable. During 2
notsponge [240]

Answer:

The balance of accounts receivable on January 1, 2018 is $31,180.

Explanation:

The following are given in the question:

Percentage of allowance for uncollectible accounts = 3%

Credit sales = $125,000

Collections = $131,000

Amount written off = $180

Therefore, we have:

Account receivable on 31 December 2018 * 3% = $750

Account receivable on 31 December 2018 = $750 / 3% = $25,000

Accounts receivable on 01 January 2018 = Account receivable on 31 December 2018 - Credit sales + Collections + Amount written off = $25,000 - $125,000 + $131,000 + $180 = $31,180

Therefore, the balance of accounts receivable on January 1, 2018 is $31,180.

8 0
3 years ago
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