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liraira [26]
3 years ago
8

If nomimal GDP is 100,000 and real GDP is 80,000the GDP deflator is 115

Business
1 answer:
Mila [183]3 years ago
8 0

Answer:

False

Explanation:

GDP deflator = (nominal GDP/ Real GDP) × 100

$100,000 / $80,000 = 1.25 × 100 = 125

I hope my answer helps you

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The ledger of Rios Company contains the following balances after adjustments: Retained Earnings $30,000; Dividends $2,000; Servi
ch4aika [34]

Answer:

Service Revenue 50,000 debit

    Income summary  50,000 credit

--to close revenues accounts--

Income summary        34,000 debit

  Salaries and Wages Expense 27,000 credit

  Supplies Expense                      7,000 credit

--to close expenses accounts--

Income summary        2,000 debit

  Dividends                          2,000 credit

--to close dividends account--

Income summary       14,000 debit

  Retained Earnings          14,000 credit

Explanation:

To close the temporary accounts which are, revenues, expenses and dividends we will use an auxiliary account called Income Summary

Then, once all are closed we transfer their balance into retained earnings:

  Income summary

DEBIT           CREDIT

                    50,000

34,000

<u>  2,000                          </u>

       Balance 14,000

7 0
3 years ago
he income statement columns in the end-of-period spreadsheet show that debits are equal to $26,754 and credits are $68,142. what
neonofarm [45]

The information that the statement columns in the end-of-period spreadsheet mean to the accountant is the accounts have not been updated and a net income of $41,388. The correct option is b and c.

<h3>Who is an accountant?</h3>

An accountant is a person who manages and calculates the accounts or finance of a company, a firm, or a person. He calculates the capital of the person, manage taxes and give advice about the finance of the person.

Given that, debits are $26,754 and credits are $68,142. If we subtract the debit from the credit. We see a net income of $41,388.

Thus, the correct option is b. the accounts have not been updated. c, net income of $41,388.

To learn more about accountants, refer to the link:

brainly.com/question/13341312

#SPJ4

4 0
2 years ago
What are important information that is needed before you create a PowerPoint presentation
mr_godi [17]
How to copy and paste and be creative
5 0
3 years ago
In America, being "normal" is
Stella [2.4K]
Being selfish I guess
7 0
3 years ago
The typical soft drink can in the U.S. has a volume of 355 cm3. The two circular ends cost $0.0008 per cm2 each (because they ar
stepladder [879]

Answer:3cm radio for each circular end. 12.56cm height.

Explanation:

Those dimensions cost is 0.01261usd per can.

Lower radio or higher radio make can more expensive.

7 0
3 years ago
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