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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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Explain about New product pricing strategy

Vanyuwa [196]

The first new product pricing strategies is called price-skimming. It is also referred to as market-skimming pricing. Price-skimming (or market-skimming) calls for setting a high price for a new product to skim maximum revenues layer by layer from those segments willing to pay the high price.

CORRECT ME IF IM WRONG

HOPE IT HELPS:)

7 0

2 years ago

For each of the following transactions for New Idea Corporation, give the accounting equation effects of the adjustments require

Lapatulllka [165]

Answer:

first I will journalize the adjustments:

a. Received a $510 utility bill for electricity usage in July to be paid in August.

Dr Utilities expense 510

Cr Accounts payable 510

b. Owed wages to 15 employees who worked two days at $55 each per day at the end of July. The company will pay employees at the end of the first week of August.

Dr Wages expense 1,650

Cr Wages payable 1,650

c. On July 1, loaned money to an employee who agreed to repay the loan in one year along with $660 for one full year of interest. No interest has been recorded yet.

Dr Interest receivable 660

Cr Interest revenue 660

effects on the accounting equation:

Assets = Liabilities + Equity

a. 0 510 -510

b. 0 1,650 -1,650

c. 660 0 660

660 2,160 -1,500

Revenue - Expenses = Net income Cash flow

a. 0 510 -510 0 OA

b. 0 1,650 -1,650 0 OA

c. 660 0 660 0 OA

660 2,160 -1,500 0 NC

3 0

2 years ago

Terry traveled to a neighboring state to investigate the purchase of two hardware stores. His expenses included travel, legal, a

malfutka [58]

Answer: See explanation

Explanation:

a. Terry was in the hardware store business and did not acquire the two hardware stores.

The amount that Terry will deduct in 2020 will be $52000 which is the deduction for all expenses.

b. Terry was in the hardware store business and acquired the two hardware stores and began operating them on October 1, 2020.

In this case, he'll also deduct $52000 which is the deduction for all expenses.

c. Terry did not acquire the two hardware stores and was not in the hardware store business.

None of his expenses will be deducted. The amount it be deducted is 0.

5 0

2 years ago

An oil refinery is located 1 km north of the north bank of a straight river that is 2 km wide. A pipeline is to be constructed f

Kaylis [27]

Answer:

The point p should be located to 4.42 km far from the refinery

Explanation:

Minimum of these costs occurs when x = 1/ $\sqrt{3}$ , so distance should be m km to the east of the refinery.

m = 5 - x

m = 5 - 1/ $\sqrt{3}$

m = 4.42 km

8 0

3 years ago

Which in the list below has very limited influence in a pure market economy? A.) women B.) individuals C.) economists D.) the go

kotegsom [21]

The best answer is D. The sector that will have a very limited influence in a pure market economy is the government. A pure market economy is an economic system that solely relies on the markets to distribute the resources. A theoretical pure market economy has no involvement of the government, only the markets decides on everything.

3 0

3 years ago