Answer:
It takes population size into account when measuring the value of goods and services.
Explanation:
GDP per capita is gross domestic product divided by the total population of a given economy. Thus, unlike the GDP-only measure, which measures the absolute value of domestic production, per capita GDP assesses how much a country's economy is growing per individual, that is, it shows the evolution of production per person.
Answer:
For a better valuation of trade.
Explanation:
Mackay could have left out this list and simply said that the root cost 2500 florins. But he gave the list to have a better understanding of the valuation of trade. Now, the cost could have simply being layed out. But then this list helped helped to give a better perspective of the valuation of the bulb and also how it could be used to replace money
Answer: Budgeted Raw Material to be consumed in July.
Quantity Price per pound Total
10,200 $6 $61,200
Explanation:
As for the information provided, the material at month end in hand shall be:
20% of upcoming month's sale.
If in June at month end, the inventory in hand = 2,040 pounds of raw material.
Then, this represents 20% of total requirement of July.
Therefore, total requirement in July = 
This basically means:
Total inventory required =
Quantity Price per pound Total
10,200 $6 $61,200
Answer:
B. at the intersection of supply and demand
Explanation:
Equilibrium is a market condition where there no excess or shortage in demand and supply. It is when the quantity demanded matches the quantity supplied. At equilibrium, buyers and sellers are happy with the prevailing prices.
In a graph showing the demand and supply curve, the equilibrium point is the intersection of the supply and demand curve.
Answer:
A sole proprietorship is a business owned by only one person. The most common form of ownership, it accounts for about 72 percent of all U.S. businesses[1]. It’s the easiest and cheapest type of business to form: if you’re using your own name as the name of your business, you just need a license to get started, and once you’re in business, you’re subject to few government regulations.
As sole owner, you have complete control over your business. You make all important decisions, and you’re generally responsible for all day-to-day activities. In exchange for assuming all this responsibility, you get all the income earned by the business. Profits earned are taxed as personal income, so you don’t have to pay any special federal and state income taxes.
Explanation:
