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Ket [755]
2 years ago
9

What is the difference between real and nominal gross domestic product. A. Nominal GDP for a given year is measured in dollars o

f that year, whereas real GDP is measured in dollars of some based year B. Nominal GDP is measured in dollars, whereas real GDP is measured in terms of some consumption commodity , such as tons of coal, available in the con me right now C. Nominal GDP is measured in dollars, whereas real GDP is a comparison to all other nation's production
Business
1 answer:
Genrish500 [490]2 years ago
7 0

Answer:

Option A Nominal GDP for a given year is measured in dollars of that year, whereas real GDP is measured in dollars of some based year

Explanation:

The reason is that the nominal GDP includes the affects of inflation of the year whereas Real GDP is inflation excluded amount which means its tells GDP in terms of base year prices. The difference between the nominal GDP and the real GDP is because of inflation which is the only additional thing in the nominal GDP. So the best answer here which gives this explanation is option A.

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g A price ceiling that is set below the equilibrium price _____ . Group of answer choices causes suppliers to lose money creates
Allushta [10]

Answer:

creates a shortage

Explanation:

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Because price is set below equilibrium price, demand would outstrip supply and this would lead to a shortage

Effects of a price ceiling

1. It leads to shortages

2. it leads to the development of black markets

3. it prevents producers from raising price beyond a certain price

4. It lowers the price consumers pay for a product. This increases consumer surplus

6 0
2 years ago
Six years ago a commercial property owner paid $490,000 for her complex which included 10 acres of land valued at $100,000. Usin
Kobotan [32]

Answer:

AS land cannot be depreciated we will first subtract the value of the land from the complex so we are left with $390,000 (490,000-100,000)

In straight line method each year the asset is depreciated by the same amount so in order to find out yearly depreciation we will divide 390,000 by 40

=9750

In 6 years the complex has depreciated for $58,500

So the current value of the apartment complex would be (490,000-58500)

The current value of the apartment complex is $431500

Explanation:

3 0
3 years ago
A company has $1,378 in inventory, $4,827 in net fixed assets, $664 in accounts receivable, $298 in cash, $626 in accounts payab
Nata [24]

Answer:

$7,167

Explanation:

Assets are resources held by an entity as a result of a past event, for which future economic benefits will flow to the entity. it is further classified as current and non-current.

Examples include inventory, cash, accounts receivable, Fixed assets or Property plant and Equipment.

Given

Inventory = $1,378

Net fixed asset = $4,827

Accounts receivable = $664

Cash = $298

Total assets = $1,378 + $4,827 + $664 + $298

= $7,167

4 0
3 years ago
What is likely to lead to a decrease in the price of a company's stock?
rodikova [14]
If the company's annual profits decrease (the amount of cash they make per year) then that would lead to a decrease in the price of a company's stock.
4 0
2 years ago
Teller Co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during May. Each box of tile re
Shtirlitz [24]

Answer:

Budgeted overhead= $2,877.6

Explanation:

Giving the following information:

<u>Direct labor required:</u>

Production= 870 units

Direct labor hours= 870*0.25= 218 hours

Direct labor cost= $12 an hour

Manufacturing overhead is applied at a rate of 110% of direct labor costs.

<u>To calculate the allocated overhead for the period, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Direct labor cost= 218*12= $2,616

Allocated MOH= 1.1*2,616= $2,877.6

5 0
3 years ago
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