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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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Which of the following illustrates an inflow of cash? a. a decrease in common stock b. a decrease in long-term debt c. a decreas

Alexeev081 [22]

Answer:

The answer is C.

Explanation:

A decrease in inventory means customers are buying inventories (goods) from the business. It is an inflow because money comes in.

Option A is incorrect because a decrease in common stock means shareholders are withdrawing their shareholding from the business and the business will pay them. This is an outflow.

Option B is incorrect because a decrease in long term debt means the business is paying its debt or redcuing its liability and this is an outflow.

Option D is also incorrect because an increase in fixed assets means the business is buying this asset with cash and this is an outflow

6 0

3 years ago

Which of the following statements about GDP (gross domestic product) is TRUE?

nasty-shy [4]

Answer:

a) GDP measures the market value of final goods and services produced within a country.

Explanation:

Gross Domestic Product{ GDP} is the total market value of all the finished goods produced within the boundaries of a country at a specific time. GDP takes into account all products and services regardless of who produces them, be it locals or foreigners. In short, GDP is a measure of all domestic productions.

Economist uses GDP as a scorecard of a country's economic status. They use it to determine the growth rate of an economy and its size.

Investors and business people will use GDP in the decision-making process. They will want to invest in industries or countries that are growing. A steady rise in GDP signifies that the economy is doing well and growing. A decrease in GDP will indicate a recession.

3 0

3 years ago

Exact Photo Service purchased a new color printer at the beginning of 2018 for $42,700. The printer is expected to have a four-y

MAVERICK [17]

Answer:

Depreciation for 2018 is = $15,120.60

Depreciation for 2019 is = $13,133.84

Depreciation for 2020 is = $10,401.04

Depreciation for 2021 is = $10,660.65

Explanation:

solution

we know here

Depreciation under Units of production method is

Depreciation is = (Cost - Salvage value) × (No of units produced ÷ Expected units of production)

put here value for each year

Depreciation for 2018 is = (42700-1708) × (553300 ÷ 1500000)

Depreciation for 2018 is = $ 15,120.60

Depreciation for 2019 is = (42700-1708) × (480600 ÷ 1500000)

Depreciation for 2019 is = $ 13,133.84

Depreciation for 2020 is = (42700-1708)× (380600 ÷ 1500000)

Depreciation for 2020 is = $ 10,401.04

Depreciation for 2021 is = (42700-1708)× (390100 ÷ 1500000)

Depreciation for 2021 is = $ 10,660.65

5 0

3 years ago

HOW DOES GOVERNMENT PAVING ROADS AFFECT GDP ?

ruslelena [56]

It effects how money is moved around the united states. They will hire more companies, such as contractors. Those contractors will hire other companies to do said work, they companies will hire workers. However it creates more jobs, and more government spending.

7 0

3 years ago

To assign overhead costs to each product, the company:_____.

mina [271]

Answer:

a. multiplies the activity-based overhead rates per cost driver by the number of cost drivers expected to be used per product.

Explanation:

Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

Generally, an activity-based costing uses multiple cost pools such as manufacturing cost or customer services and multiple cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.

Cost pool is simply the amount of money spent by a firm on a particular activity.

Hence, to assign overhead costs to each product, the company multiplies the activity-based overhead rates per cost driver by the number of cost drivers expected to be used per product.

In activity-based costing, the activity rate for an activity cost pool is calculated by using the following formula;

Activity rate = total overhead cost/activity for the activity cost pool.

4 0

2 years ago