Answer: Currency is converted to common currency, GDP is divide by population and compare GDP per Capita
Explanation:
GDP is measured in a countries currency. When Comparing a GDP of one country to the GDP of another country currency is converted into a common currency. Currency can be converted using exchange rate. the GDP of one country will then be expressed in the currency of another country using the exchange rate.
Some countries have a high number of population than others, for example China has more people than Mexico. therefore measure GDP and The standard of living between countries GDP will need to be divided by population which will give us GDP per capita which measures the standard of living by showing the GDP per person
The process that individuals or groups go through to select, purchase, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and desires is known as Consumer Behavior.
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The process that deals with the study of how the individuals and the organisations selects, purchases and uses and disposes the goods and services is the consumer behavior. These are done for the satisfaction of their wants and needs. The main thing that is associated with the consumer behavior is the motivation and psychology of the purchasing person.
It deals with the activities of the consumers in purchasing a particular product or services and the motivations that is responsible for that selection of the product. The consumer behaviors can be classified as habitual buying,complex buying variety-seeking buying and dissonance-reducing buying.
Answer:
c. Financial Accounting
Explanation:
Financial Accounting focuses on the preparation of financial statements in under the Financial Reporting standards of IFRS - International Financial Reporting Standards or GAAP - Genarally Accepted Accounting Principles.
This branch looks into the presentation and disclosure of items that meet the definition and recognition criteria of assets, liabilities, income, expenses and equity in the financial statement.
The users usually targeted by these statements are the third parties that include shareholders, potential shareholders, tax authorities and creditors to mention but a few.
Answer:
45%
Explanation:
Contribution margin ratio = Contribution margin / Sales
Where;
Contribution margin = Sales - Variable cost
= $820,000 - $451,000(55% of sales)
= $369,000
Contribution margin ratio = $369,000 / $820,000 × 100
= 45%
Answer: B. Their national debt will increase.
Explanation:
A country has a budget deficit when it spends more than it receives from its revenue sources i.e taxes.
If a country has a budget deficit, it will have to borrow money in order to pay for this shortfall so that it may be able to carry out the expenditure it is supposed to.
If therefore, a country keeps operating in deficit, it will have to keep borrowing to keep spending which means that the national debt will keep increasing.