1. The nominal GDP for 2020 and 2021 is as follows:
2020 = $330
2021 = $592
2. The Real GDP for 2020 and 2021, using 2020 as the base year is as follows:
2020 = $330
2021 = $508 ($592/1.165)
3/ The Real GDP per capita for 2020 and 2021 using a population of 100 is as follows:
2020 = $3.30 per capita
2021 = $5/08 per capita
<h3>What is the difference between the Nominal GDP and the Real GDP?</h3>
The nominal GDP uses current prices while the Real GDP adjusts the current prices using the GDP deflator (thus accounting for inflation).
<h3>Data and Calculations:</h3>
Car Trucks
Quantity Price Quantity Price Nominal GDP
2020 12 $10 15 $14 $330 (12 x $10 + 15 x $14)
2021 20 $12 22 $16 $592 (20 x $12 + 22 x $16)
2021 Real GDP:
20 $10 22 $14 $508 (20 x $10 + 22 x $14)
GDP Deflator = Nominal GDP/Real GDP x 100
= $592/$508
= 1.165
Thus, while nominal GDP is based on current prices, the real GDP removes the effects of inflation.
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Answer:
The three main pillar of sustainability
Explanation:
Sustainability is fulfilling the present needs without compromising the needs of the future generation.
The three main pillars of sustainability include economic, environmental and social.
Economic pillar of sustainability - it is referred to that strategy that focuses is to use economic resources in a sustainable.
Environmental pillar of sustainable - it is focused on the use of such thing that lower the impact of facilities on the environment
Social Pillar of sustainable - is work on training programs to fulfill the needs of individuals according to the group.
Answer:
A : revenues exceeded expenses.
Explanation:
A company is making profit if revenue is greater than expenses.
A company is making losses if expenses is greater than revenue.
I hope my answer helps you
Under The Statements On Standards For Tax Services, A CPA May Recommend A Tax Return Position If The Position Is Frivolous And The Position Is Not Disclosed On The Tax Return. Standards for Tax Services, a CPA may recommend a tax return position if the position is frivolous and the position is not disclosed on the tax return. This statement is false.
A taxpayer wants to take a position on a tax return that the CPA determines is frivolous. However, the CPA and the taxpayer determine that the possibility of the return being selected for audit is remote and that even if the return is selected for audit the issue most likely will not be raised.
- Cannot sign or prepare the return .
The CPA concludes that a taxpayer's desire to comment on a tax return is frivolous. However, the CPA and the taxpayer come to the conclusion that it is unlikely that the return will be chosen for audit and that, even if it is, the matter most likely won't be brought up.
- A taxpayer is anybody who owes taxes to the federal, state, or municipal governments, whether they are an individual or a corporation. Governments primarily obtain their funding through taxes, which are levied on both citizens and companies.
- A tax return is one or more forms submitted to a taxing body that include earnings, outlays, and other crucial tax data. Tax returns provide taxpayers the option to determine their tax burden, plan out their tax payments, or ask for refunds for any taxes they have paid in excess of what is required.
Complete question: Under The Statements On Standards For Tax Services, A CPA May Recommend A Tax Return Position If The Position Is Frivolous And The Position Is Not Disclosed On The Tax Return. True Or False? This problem has been solved! See the answer Under the Statements on Standards for Tax Services, a CPA may recommend a tax return position if the position is frivolous and the position is not disclosed on the tax return. True or False?
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Answer: E.
Explanation:
Territorial sales-force structure is a system where by an organization appoints sales representative to every location where they operate. Each sales rep plays the role of helping customers understand the products and services they offer. This strategy help the organization create good relationship with their customers.
