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gizmo_the_mogwai [7]
4 years ago
7

According to most​ economists, is it a serious shortcoming of GDP that it does not count household production or production in t

he underground​ economy?
Business
1 answer:
Ghella [55]4 years ago
5 0
<h2>No. "Household production" does not contribute much to the GDP.</h2>

Explanation:

To arrive at the reason, first we need to understand the term "GDP" and "shortcoming"

Shortcoming means failure to meet certain expectations.

GDP: It is the snapshot of the economy which speaks about the production in certain period.

Since the household production does not come under market transaction and since GDP involves only market transaction, household production cannot be considered and thus it is not a serious reason for shortcoming of GDP.

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Amanda and Jeremy argue about the employment of children in tobacco farms in a certain part of the world. Jeremy is of the view
mixas84 [53]

Answer:

Utilitarianism.

Explanation:

Utilitarianism is extraordinary compared to other known and most compelling moral theories. Like different types of consequentialism, its center thought is that whether activities are morally right or wrong relies upon their belongings. All the more explicitly, the main impacts of activities that are important are the great and terrible outcomes that they produce.

8 0
3 years ago
Granite Company purchased a machine costing $128,000, terms 3/10, n/30. The machine was shipped FOB shipping point and freight c
Alborosie

Answer:

machine enter the accounting at <em> 138,210 dollars</em>

Explanation:

cost: 128,000 x ( 1 - 3%) = 124,610

shipping cost:                      2,800

installation cost:              <u>   10,800   </u>

total incurred cost

to leave the machine

ready for use:             <em>    138,210</em>

<em />

<em>The damge are expenses for the period as they arent a necessary cost to utilize the machine.</em>

<em>The company used the discount price over the list price as this is the atual cost incurred</em>

8 0
3 years ago
The failure to record which transaction has no effect on the quality of inventory?
zimovet [89]

Do not record transactions that do not affect inventory quality. A recorded inventory transaction has actually taken place.

Records of inventory purchases made during the accounting period. The purchase account is increased by direct debit. The manufacturing costs of the goods sold are overestimated by the same amount. An overstatement of cost of goods sold will result in an understatement of net income and retained earnings by the original margin of error.

If the auditor is dissatisfied with the accuracy of the closing balance sheet and may be materially increase.

Inventory write-downs affect both the income statement and the balance sheet. Write-offs are treated as expenses. This means your net income and tax liability will be reduced. Therefore, a decrease in net income will reduce a company's retained earnings and reduce shareholders' equity on the balance sheet.

Learn more about inventory at

brainly.com/question/25887081

#SPJ4

4 0
2 years ago
Which of the following integrates the functions of operations management, logistics management, procurement, and marketing chann
IRINA_888 [86]

Answer:

Supply Chain Management

7 0
3 years ago
The managing activity of organizing
lukranit [14]

Answer:

A). determines groups and assigns work activities

Explanation:

Organizing is the function of management that allows development of an organizational structure and allocate the work activities to ensure the completion of objectives.

The managing activity of organizing determines the groups suitable for the objective and the assign task or work on the basis of skills and other parameters to the groups.

Hence, the correct answer is "A)".

4 0
3 years ago
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