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3 years ago

Which example BEST illustrates that GDP (gross domestic product) is not always a good indicator of economic health?

2 answers:

6 0

Which example BEST illustrates that GDP (gross domestic product) is not always a good indicator of economic health? A)The GDP falls when consumer spending declines.
B)Money spent repairing hurricane damage helps raise the GDP.
C)Goods produced for infrastructure projects help raise the GDP.
D)The GDP falls because scarcity of materials slows the rate of production.

Andru [333]3 years ago

6 0

C.The country relies on agriculture for most of its export revenues.

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A labor contract provides for a first-year wage of $15 per hour, and specifies that the real wage will rise by 2 percent in the

eduard

Answer:

$17.9469

Explanation:

Calculation for what dollar wage must be paid in the third year

Since the first year is tend to be the base year in which the real wage and nominal wage are both $15 per hour in that year.

The real wage is suppose to increase by 2 percent in the second year which means that the real wage in year two will be $15.30 ($15 * 1.02) per hour.

In a situation where the real wage was supposed to also increase by 2 percent in the third year, this means that the real wage in year three will be $15.606 ($15.3 * 1.02) per hour.

Therefore In order for us to find the nominal wage in third year , we have to index the real wage in order for it to adjust for inflation. Thus the nominal wage in third year will be $17.9469($15.606 * 1.15).

Therefore what dollar wage must be paid in the third year will be $17.9469

3 0

3 years ago

Marine Midland Bank sent market researchers door-to-door in the neighborhoods surrounding its branch banks. Each researcher want

RoseWind [281]

Marine Midland researchers were using individual interviews to collect these data.

<h3>Explanation:</h3>

An information-gathering interview is a focused discussion with a specific determination that practices a question-and-answer format. Intentions are valuable erudition that can be gathered from interviews. Interview questions are regularly open-ended subjects so that in-depth knowledge will be obtained.

In the personal interview, the interviewer acts instantly with the respondent. They also grow a viable choice where there are short respondents. There are possibilities for reviewing to get underlying factors. The interviewer can seek in-depth information around the topic.

6 0

3 years ago

A company regularly purchases cleaning supplies from a vendor and orders relatively consistent amounts of the same products on e

zvonat [6]

Answer: Straight Rebuy

Explanation: There are 3 major types of buying situations

1. New Task

2. Modify Rebuy

3. Straight Rebuy

Straight rebuy is a buying situation in which the buyer routinely reorders something without any modifications.

8 0

3 years ago

financial statements include assets listed ata.all of these choices are correct.b.their fair valuec.their historical costd.their

Novay_Z [31]

Financial statements include assets listed at historical costs. Hence, the assets are recorded at their historical cost.

<h3>What do you mean by historical costs?</h3>

The price paid when an asset was purchased is known as the historical cost. On a company's balance sheet, the majority of long-term assets are recorded at their historical cost.

One of the fundamental accounting principles outlined by generally accepted accounting principles is historical cost (GAAP). The use of historical cost is consistent with conservative accounting because it avoids overstating an asset's value.

Hence, Financial statements include assets listed at historical costs. Hence, the assets are recorded at their historical cost.

Learn more about historical costs:

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3 0

2 years ago

A bond is a(n):Group of answer choices a) legal promise to repay a debt. b) agreement issued by a financial intermediary linking

aliya0001 [1]

Answer:

a) legal promise to repay a debt.

Explanation:

A bond is an agreement that is made between the issuer or the bank or the financial institution and the borrower.

The agreement was made in written specify the terms and conditions which involve the borrowed amount, interest rate, and the time period in which the borrower promises to pay back the money to the financial institution.

3 0

3 years ago