Answer:
The correct answers are: GDP does not include crime rates or income distribution.; The value of leisure is not included.; The costs of pollution are not included.
Explanation:
GDP is very useful for measuring the production of an economy, but by itself and in isolation it is not adequate to measure the welfare of the population or its development.
- If we compare two countries and one has a higher GDP than another, it might seem that it has a greater well-being. However, this is not at all like that because we are not considering the population of each country. As a solution, we use GDP per capita and we can say that, in general, countries with a high level of GDP per capita have a higher level of economic development. However, the problem here is that statistics can lead to erroneous conclusions, since this indicator also does not tell us how income is distributed among the citizens of a country.
- There are very important activities in our society that, being unpaid, are not taken into account by GDP. The most typical example is the work that people do at home. Domestic work is not included in the calculation of GDP because it has no valuation in the market. However, if someone pays for it by hiring a home attendant, it is reflected. With voluntary work or with barter activities, it is exactly the same: GDP ignores them.
- The submerged economy totally escapes GDP accounting. Many activities are not declared to the public sector in order to avoid paying taxes and, therefore, their existence is not recorded. If this economy in B should come to light and be considered by GDP, it would increase by several percentage points.
- The GDP does not measure the level of development of a country, nor does it measure the quality or level of its educational system or its health. Come on, that the quality of life in general is not measurable by GDP, although it is true that countries with a higher GDP per capita can afford better health or education services, as well as better infrastructure and services in general.
- It does not measure the state of the environment or the damage caused to it or natural resources by the economic activity carried out. In other words, GDP does not report externalities, that is, it does not reflect the total social benefits and costs derived from economic activity.
- GDP does not measure the quality of the goods and services produced. The GDP figures are only numbers that do not take into account exactly what is being produced or what is the quality of what is produced. This prevents, for example, comparing production between different eras. Does a computer add up to GDP now than in the 80s? The answer is no. Does a country of services add up to an oil exporter? The answer is also no.
- It ignores the value of elements that contribute to maintaining the level of well-being of the population, such as leisure or freedom. In freer countries or in which its inhabitants have more leisure time and better options in which to invest it, well-being is much greater.
Answer:
b. There would be both a human and economic loss.
Explanation:
In the case when the illiteracy was more and 40% of the children left the school so early that they didnt complete their education so here the result should be that there should be 2 losses i.e. human and economic loss as the children does not have any kind of knowledge so they would not get the job so easily
Therefore the option b is correct
Answer:
the amount reported as proceeds from bond issuance is $4,509,000
Explanation:
The computation of the amount reported as proceeds from bond issuance is as follows
Total Bond Issued during 2021
= Bonds payable, December 31, 2021 - Bonds payable, January 1, 2021 + Bond Payable retired
= $4,830,000 - $809,000 + $807,000
= $4,828,000
Now
Bond issued for cash is
= Total bond issued - Bonds issued in exchange for Equipment
= $4,828,000 - $319,000
= $4,509,000
Hence, the amount reported as proceeds from bond issuance is $4,509,000
Answer:
Please find the detailed answer as follows:
Explanation:
After reviewing Digby's current strategy, top five sources of competitive advantage for digby are as follows:
- Increase demand through TQM initiatives
.
- Offer attractive credit terms
.
- Seek excellent product designs, high awareness, and high accessibility
.
- Seek high plant utilization, even if it risks occasional small stockouts
.
- Reduce cost of goods through TQM initiative.
Related concepts to understand the problem.
Competitive advantage. A competitive advantage is an improvement over competitors gained by contribuiting consumers greater value.
Answer:
Decrease or fall, Purchasing
Explanation:
Appreciation is the term which is defined as the increase in the currency value relative to the another currency, which could be exchanged for a huge amount of foreign currency.
So, when there is appreciation in euro in relation to US dollar, it cause US grounded MNC reported earnings to decrease as the US dollar will not be exchanged because euro is appreciated.
And when the firm desire to reduce the exposure to the exchange rate movements, it might stabilize the reported earnings through purchasing the euros in the foreign exchange market.
