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3 years ago

Which of the following statements about the consumption component of GDP is not correct?

Business

1 answer:

Assoli18 [71]3 years ago

3 0

Answer:

D. Spending on services is smaller than the amount of consumption spending on durable and nondurable goods.

Explanation:

For developed countries like the U.S, there is a lot of stress in consumption of services such as good health care, appropriate and quality education and among others. These services contribute to a larger proportion of consumption component of GDP than both durable and nondurable commodities. Therefore, the statement “spending on services is smaller than the amount of consumption spending on durable and non-durable goods” is not correct

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In August, one of the processing departments at Tsuzuki Corporation had beginning work in process inventory of $24,600 and endin

oksian1 [2.3K]

Answer:

Cost accounted for= $300,000

Explanation:

Giving the following information:

beginning work in process inventory of $24,600

ending work in process inventory of $13,600.

During the month, $289,000 of costs were added to production.

The cost to be accounted for is the cost incurred during production and send to finished goods inventory. Therefore, we need to use the following formula:

Cost of the period= beginning inventory + cost added - ending inventory

Cost of the period= 24,600 + 289,000 - 13,600= $300,000

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3 years ago

Which of the following statements about prices and inflation is not correct? A. Inflation represents a general rise in prices o

nevsk [136]

Answer: Prices generally increase at the same rate across most periods of time.

Explanation:

Inflation means a rapid rise in the price of commodities in a market, and it is normally as a result of scarcity of products or excess flow of money in an economy. Prices on the other hand do not always increase generally, as price could reduce or remain the same overtime.

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3 years ago

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A salary owed to employees is an example of an accrued expense <br> a. True <br> b. False

pogonyaev

<span>a. True

An accrued expense is an expense that exists in the books before it is paid off and it's a liability. It's a periodic and documented expense, and they are the opposite of prepaid expenses. A salary owed to employees is an example of an accrued expense.</span>

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3 years ago

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Scheduled and unscheduled injuries are categories used to determine benefits for which type of disability income?

hjlf

Answer:

Permanent partial disability

<h3>What is permanent partial Disability?</h3>

Permanent Partial Disability — a worker's compensation disability level in which the injured employee is still able to work but not with the skill and efficiency demonstrated prior to the injury.
As a result, the earning capability of the worker is affected.

To learn about Permanent partial disability, refer

to brainly.com/question/25689052

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1 year ago

Mike’s Bike Shop rents mopeds to tourists at the beach. The old manager charged $20 per day plus $0.05 per mile. The new manager

AnnyKZ [126]

Answer: Fixed Costs

Explanation:The Manager needs to consider the fixed cost of the business before lowering the charges to customers.

Fixed costs are cost incurred that do not vary with output. if fixed cost are lowered without proper calculation/consideration, the business might run at a loss.

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3 years ago

Which of the following statements about the consumption component of GDP is not​ correct?

Which of the following statements about the consumption component of GDP is not correct?