Riders<span> are add-on options (Benefits) that can be added to a basic </span>Insurance<span> Policy</span>
Answer and explanation:
A Sole Proprietorship is a type of business with a single owner who pays income tax over the revenues. The reason why they are more common compared to Corporations relies on the fact that a Sole Proprietorship is less regulated by the government so it can be opened and dissolved easier.
Nominal GDP and Real GDP are described below
Explanation:
The nominal value of a good is its value in terms of money. The real value is its value in terms of some other good, service, or bundle of goods.
Examples:
Nominal: That CD costs $18. Japan’s science and technology spending is about 3 trillion yen per year.
Real: A year of college costs about the value of a Toyota Camry. Those tickets to see Van Halen cost me three weeks’ worth of food!
2.Nominal GDP is the market value of goods and services produced in an economy, unadjusted for inflation. Real GDP is nominal GDP, adjusted for inflation to reflect changes in real output. Trends in the GDP deflator are similar to changes in the Consumer Price Index, which is a different way of measuring inflation.
3.. Therefore, nominal GDP will include all of the changes in market prices that have occurred during the current year due to inflation or deflation. ... In order to abstract from changes in the overall price level, another measure of GDP called real GDP is often used.
4.The main difference between nominal GDP and real GDP is the adjustment for inflation. Since nominal GDP is calculated using current prices it does not require any adjustments for inflation. This makes comparisons from quarter to quarter and year to year much simpler to calculate and analyze.
5.Real Gross Domestic Product or real GDP is a measure of the value of economic output like inflation or deflation of prices . Nominal GDP on the other hand is a figure which has not been adjusted for any inflation.
Answer:
borrowing funds.
Explanation:
From the question we are informed about Liu, the owner of Mortgage Source, a sole proprietorship, wants to obtain additional business capital. In this case, For this enterprise, the opportunity is most likely limited to borrowing funds. Sole proprietorship who is regarded as as a sole tradership or individual is that that the enterprise is owned and run with a person, sourcing of fund could be through fund borrowing. Money that is been one received from another party having agreement that the money will be repaid is a borrowed funds Most borrowed funds are been paid back with interest,i.e borrower will agrees to pays a certain percentage of the borrowed principal amount back to the lender which will serve as as compensation for borrowing the fund.