<span>False
A change in productivity growth is similar to compounded interest. A small change has a small effect in the short run because it is a small change. However as time goes on the effect accumulates and the difference "compounds" upon itself.</span>
Not necessarily. Although the total amount of debt has predicted inflation and the business cycle better than M1 or M2, it may not be a better predictor in the future.
<h3><u>
What is inflation?</u></h3>
- Price increases, or inflation, can be thought of as the gradual loss of purchasing power.
- The average price increase of a selection of products and services over time can serve as a proxy for the rate at which buying power declines.
- A unit of currency effectively buys less as a result of the increase in pricing, which is sometimes stated as a percentage.
- Deflation, which happens when prices fall and buying power rises, can be compared to inflation.
- The objective of measuring inflation is to determine the overall effect of changes in price for a variety of goods and services.
Without some theoretical reason for believing that the total amount of debt will continue to predict well in the future, we may not want to define money as the total amount of debt.
Know more about inflation with the help of the given link:
brainly.com/question/15692461
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The increasing returns would be a situation in which the
firm increases their workforce and other inputs in a matter of having to
increase the workforce by five percent and having to increase the output in a
total of eight percent.
Answer: development and exploring betterways
Explanation:
Technological change includes the development of new goods and the development of better ways of producing existing goods and services.
Answer:
$ 21,000
Explanation:
To determine the answer we need to preoare a movemnet of the account for uncollectible account.
Opening balance - Allowance for uncollectible accounts $ 180,000
Add: Bad debt expense for the year <u>$ 21,000</u>
Available balance of Allowance for uncollectible accounts $ 201,000
Less: Closing balance - Allowance for uncollectible accounts <u>$ 190,000</u>
Actual bad debts written off $ 21,000
The bad debts expense for the year is credited to the Allowance for uncollectible accounts and any actual bad debts are debited to this account.
