Answer:
Explanation:
If the Boskin Commission's estimate was right and consumer price index overstated inflation by 1.1% every year, this is what we can derive about REAL GDP PER CAPITA and GENERAL LIVING STANDARDS IN THE UNITED STATES:
(A) Real Gross Domestic Product per Capita is the total (gross) production per head or per person (per capita) within (domestic) an economy; after accounting or adjusting for inflation. Before adjusting for inflation, we have the Nominal GDP. So the term "real" shows that the value has accounted for inflation. If inflation is positive in the economy, then Real GDP figure will be less than Nominal GDP figure. I hope you understand this background information.
So if consumer price index is overstating inflation, real GDP per capita will be higher than it is perceived/calculated to be, in those years
(B) The general standard of living (which is affected by consumer price index) would also be higher than perceived or calculated.
Note here that the 'general' standard of living is a measure that sums up living standard 'per capita'.
Answer: <u><em>The court should rule in favor of the collector, because in this case the restitution are an competent rectification for the individual. </em></u>
In broad terms, particular performance is not available as a rectification for breach of a agreement when restitution are an adequate rectification for the non breaching organization.
In this case, they would understand the revenue, report the money owed receivable fee, and record the expenses for the sale all at the same time.
Revenue is the total quantity of earnings generated with the aid of the sale of goods or services associated with the business enterprise's number one operations. sales, also referred to as gross sales, is frequently referred to as the "top line" as it sits on the top of the profits announcement. earnings, or internet income, is a business enterprise's total income or income.
Revenue = fee of goods or offerings × variety of units offered or quantity of customers. for instance, if a corporation sells 10 computer systems at ₹50,000 each, it can use this system to calculate its gross revenue: Gross sales = ₹50,000 × 10 = ₹500,000.
Revenue refers to the overall income a company generates via its center operations like sales of services or products, rents on a property, routine payments, interest on borrowings, and so on. sales calculations come earlier than doing away with any fees, together with discounts and returns.
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