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RSB [31]
3 years ago
7

Which of these is best definition of GDP

Business
1 answer:
Black_prince [1.1K]3 years ago
6 0

If I remember correctly, it would be "<u>Gross Domestic Product</u>"

You might be interested in
All of the following have been found to be good for running effective project meetings EXCEPT (Select one):
skad [1K]

Answer:

c. Allow a time period for socializing to support the development of a team identity.

Explanation:

Project meetings are intended to solve problems and effectively communicate among team members. A successful project meeting is characterized by good preparation, establishing appropriate start and end time to cover the agenda,  having a defined agenda to provide direction to the meeting and documenting all the decisions to ensure follow-ups. Therefore, socializing to support the develop the development of a team identity is not one of the factors since this could lead to a groupthink and discourage creativity.

4 0
3 years ago
What is the tax court method of allocating rental property expenses?
Schach [20]
<span>allocation is based on total days owned in the year,
The advantage of the tax court is that it would allow more deduction for maintenance that keep the value of your property.
The irs method on the other hand, would give more benefit because it give you more profit in the perspective of business operation.</span>
5 0
4 years ago
An "increase in demand" means that:
KengaRu [80]

Answer:

d. the demand curve has shifted to the right.

Explanation:

An increase in demand is associated with a rightward shift of the demand curve.

A decrease in demand leads to a leftward shift of the demand curve.

Some of the factors that cause an increase in demand :

1. Increase in income if the good is a normal good.

2. Expectation of an increase in price in the future.

3. Increase in price of the substitute.

An increase in Quanitity demanded leads to an upward movement along the demand curve. Only changes in price leads to a movement along a demand curve.

I hope my answer helps you

7 0
4 years ago
Firm A is concerned about the reactions of buyers to the price it sets for its product. Firm B is concerned about the reactions
solmaris [256]

Answer:

A

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants

An Oligopoly is when there are few large firms operating in an industry. While, a monopoly is when there is only one firm operating in an industry.

Oligopolies are characterised by:

price setting firms

product differentiation

profit maximisation

high barriers to entry or exit of firms

downward sloping demand curve

4 0
3 years ago
The Ayayai Company issued $260,000 of 10% bonds on January 1, 2020. The bonds are due January 1, 2025, with interest payable eac
astraxan [27]

Answer:

Journal entries on January 1:

Dr  Cash                                    $254,800

Dr Discount on bonds payable$5200

Cr Bonds payable                                   $260,000

July 1:

Dr Interest expense $13,520

Cr cash                                        $13,000

Cr Discount on bonds payable   $520    

December 31:

Dr Interest expense $13,520

Cr cash                                        $13,000

Cr Discount on bonds payable   $520  

Explanation:

The proceeds of issue =$260,000*98%=$254,800

Discount on bonds payable=Par value-cash proceeds

par value is $260,000

Discount on bonds payable=$260,000-$254,800=$5200

The discount amortization on semi-annual basis=$5200 /5*6/12=$520

Semi-annual interest on the bond =$260,000*10%*6/12=$13,000.00  

4 0
3 years ago
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