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adell [148]
3 years ago
14

Forlornistan is a country in the midst of a serious economic downturn. Forlornistan's GDP has declined steadily for over three y

ears and is now at its lowest level in over sixty years. Forlornistan's unemployment rate is at an all-time high and the nation's CPI is falling. Forlornistan's economic condition is referred to as a:
(a)-Period of stagflation

(b)-balance of trade deficit

(c)-depressio

(d-)retraction
Business
1 answer:
goblinko [34]3 years ago
6 0

Answer:

The correct answer is option c.

Explanation:

Forlornistan is experiencing an economic downturn, the GDP has steadily declined, the employment rate is very low and the CPI is falling.

All these characteristics show that the economy is going through economic depression.

Depression refers to the situation in which an economy suffers a downturn in economic activities. It involves decrease in output level, price and employment rate.

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As of December 31, 2020, Gill Co. reported accounts receivable of $236,000 and an allowance for uncollectible accounts of $8,400
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Answer:

$1,583

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Therefore,

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5 0
3 years ago
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Answer:

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Invest approximately 24% and 16% of your complete portfolio in security X and Y

attached below is the detailed solution

3 0
3 years ago
Read 2 more answers
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