1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gizmo_the_mogwai [7]
3 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]3 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.

You might be interested in
One of the ways that restaurants often adapt their product offerings to address changes in competition is to ____________.
ivann1987 [24]
Developing new menu offerings has been one of the commonly used marketing strategies by restaurants to address changes in competition to other competing restaurants. They advertise their menu by creating banners and using social media to inform the customers on their new menus.
8 0
4 years ago
Assume that Hotel Excellent uses activity-based costing to allocate hotel overhead to guests. In Hotel Excellent, if the budgete
Lyrx [107]

Answer:

c. $33.33 per housekeeping hour

Explanation:

The housekeeping department's activity rate is how much each housekeeping hour costs.

This question can be solved by a simple rule of three.

27000 hours cost $900000. How much does 1 hour cost?

27,000 hours - $900,000.

1 hour - $x.

27000x = 900000

x = \frac{900000}{27000}

x = 33.33

So the correct answer is:

c. $33.33 per housekeeping hour

5 0
3 years ago
The following amounts were obtained from the accounting records of Enderle Company: 2016 2017 2018 Beginning inventory $38,900 (
Svetllana [295]
It’s C because all the numbers add up to be it and so it is and just saying don’t listen to this answer cause I guessed
4 0
3 years ago
How do you do income statement​
igomit [66]

To prepare an income statement, you will need to generate a trial balance report, calculate your revenue, determine the cost of goods sold, calculate the gross margin, include operating expenses, calculate your income, include income taxes, calculate net income and lastly finalize your income statement with business details and the reporting period.

If you can't find the time to make one from scratch, there are templates that can be used to help.

gross margin :  the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides.

net income : net earnings, is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses.

3 0
2 years ago
Alonzo, the marketing director for a major retailer, prepared a unified message for the new promotional campaign. after several
Zigmanuir [339]
<span>The goal of the campaign or promotion is to build awareness and inform consumers about a company and its product offerings</span>
In order to see if there is still increase in the sale compared with the money spent of campaign , Alonzo is evaluating the effectiveness of the plan. The evaluation of effectiveness is one of the 6 steps of the promotional campaign.
4 0
3 years ago
Other questions:
  • Adriana is not keen on collecting facts and information while solving problems. she is spontaneous in decision making and usuall
    6·1 answer
  • Sienna Company has the following information for January. Cost of direct materials used in production $20,000 Direct labor 15,00
    13·1 answer
  • Suppose you are evaluating two mutually exclusive projects, A and B. Project A costs $350 and has cash flows of $250 and $250 in
    5·1 answer
  • The Howe Co. stockholders equity account follows: Common stock (400,00 shares at $4par) $1,600,000 Paid in capital in excess in
    6·1 answer
  • The competitive equilibrium rent in the city of Lowell is currently​ $1,000 per month. The government decides to enact rent cont
    15·1 answer
  • ________ is the process of studying large amounts of data of a variety of types to uncover hidden patterns, unknown correlations
    8·1 answer
  • Business-level strategy focuses primarily on a. which markets to enter and how to use the firm's money, people, and physical fac
    6·1 answer
  • ASC Topic 235, Notes to Financial Statements
    7·1 answer
  • What is management and leadership​
    15·2 answers
  • The following information was taken from the records of Marigold Inc. for the year 2020: Income tax applicable to income from co
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!