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stiks02 [169]
3 years ago
15

The gdp deflator can be used to calculate the inflation rate. True or False

Business
1 answer:
muminat3 years ago
3 0

Answer:

The answer is: TRUE

Explanation:

The inflation rate can be calculated using both the consumer price index (CPI) and the GDP deflator rate. But the CPI is used more frequently since it shows how the prices for consumer goods and services change.

The GDP deflator = (nominal GDP / real GDP) x 100

you can calculate inflation rate between years 1 and 2 using the following formula:

= [(GDP deflator year 2 - GDP deflator year 1) / GDP deflator year 1] x 100

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According to the invisible hand concept, the best way for a society to encourage the creation of jobs and the production of the
evablogger [386]

Answer:

The correct answer is C

Explanation:

The concept of the invisible hand, is the concept in which the unobservable market force, helps the supply and the demand of the goods to reach at equilibrium in a free market.

As per this concept, the best method for society in order to encourage the jobs creation and the production of products demanded by consumers would be to allow the personal freedom entrepreneurs to follow their self interest.

8 0
3 years ago
When he finishes entering his transactions, Malcolm realizes that his balance is incorrect. Assuming that Malcolm had no beginni
yulyashka [42]

Incomplete question. The full question read;

Malcolm has several receipts from recent transactions that he entered into his records. The receipts include an ATM receipt for an $80.00 deposit, a grocery store receipt for $25.50, and a paycheck deposit slip for $650.00.

When he finishes entering his transactions, Malcolm realizes that his balance is incorrect. Assuming that Malcolm had no beginning balance, what should his correct balance be?

Answer:

<u>$704.50</u>

Explanation:

First, we need to note which transactions are credit transactions, and which is a debit transaction. <em>Remember</em>, a<u> credit transaction</u> basically means a transaction that brings money into your account, while the latter is a transaction that takes money out of your account.

Malcolm's credit transactions:

  • ATM receipt for an $80.00 deposit
  • paycheck deposit slip for $650.00

Total: <u>$730.</u>

Malcolm's debit transactions:

  • grocery store receipt for $25.50

Total: $25.50

Substracting total debit transactions from credit transactions, Malcolm's correct balance would be = $704.50 ($730-$25.50).

8 0
3 years ago
Which of the following is an advantage of gathering data with surveys?
algol13
You canknow your data leadint to a better answcer
5 0
3 years ago
Read 2 more answers
If you often commute through urban areas, you may want to _____.
s2008m [1.1K]

Answer:

D. Plan your trips to avoid rush hour traffic

5 0
3 years ago
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The triple-bottom-line philosophy says that: companies should treat their local, national, and global customers fairly. business
alexandr1967 [171]

Answer: companies should try to support the economic, social, and environmental spheres of sustainability.

Explanation:

The triple bottom line is simply an accounting framework that consist of three parts which are the social, financial and the environment.

The triple bottom line philosophy says that organizations should not only focus on the financial aspect(profit) alone but should also focus on the environment and the social aspect of the society.

Therefore, the triple-bottom-line philosophy says that companies should try to support the economic, social, and environmental spheres of sustainability.

3 0
3 years ago
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