All categories

3 years ago

The growth of GDP may understate changes in the economy's economic well-being over time if the:

Business

2 answers:

Gnoma [55]3 years ago

6 0

Answer:b) quality of products and services improves.

Explanation:GDP(GROSS DOMESTIC PRODUCT) is an economic term used to describe the total value of goods produced and services rendered within an economy over a given period of time.

GDP is a macroeconomic measure used by development agencies and economy managers to determine the performance of an economy.

GDP MAY UNDERESTIMATE THE CHANGES IN THE ECONOMIC WELLBEING OF A COUNTRY OVER TIME IF THE QUALITY OF PRODUCTS AND SERVICES IMPROVE,AS IT DOES NOT CONSIDER IT IN THE ESTIMATION.

Aleonysh [2.5K]3 years ago

6 0

Answer:

b) quality of products and services improves.

Explanation:

While the GDP is a useful measure to analyze the general health of an economy, it should not be assumed that this describes all the possible variables of a country's economy. For example, one thing that the GDP cannot measure is the quality of products and services. For example, a country without access to technology might have a high GDP, but even with this money, it is still impossible to buy items that can be bought in other countries. The same occurs with high-quality products or certain services.

You might be interested in

When a government seizes an investment of a foreign investor but some reimbursement for the assets is made, the government follo

Sladkaya [172]

Answer:

(B) expropriation.

Explanation:

Expropriation is the demonstration of an administration taking exclusive property against the desires of the proprietors, apparently to be utilized for the advantage the general open. In the United States, properties are regularly dispossessed so as to manufacture expressways, railways, air terminals, or other foundation ventures.

It is the seizure of private property by an open organization for a reason regarded to be in the open intrigue

6 0

3 years ago

Internal recruitment may be practiced in companies today. TRUE OR FALSE

alexandr1967 [171]

True!.................

6 0

3 years ago

The centers for disease control and prevention reported a survey of randomly selected americans age 65 and older, which found th

Eddi Din [679]

What exactly is the question here? Id help out

7 0

3 years ago

When purchases of merchandise are made for cash, the transaction may be recorded with the following entry *

Zepler [3.9K]

Answer:

Dr Merchandise Inventory Cr Cash

Explanation:

Based on the information given in a situation where purchases of merchandise are made for cash the transaction will be recorded in the journal entry by debiting Merchandise Inventory and Crediting Cash reason been that MERCHANDISE are current asset and Secondly merchandise are anticipated to be either sold out, used or turn them into cash within a period of one year, although it sometimes depends on the method of payment in which the merchandise was been paid for , which is why we have to Debit Merchandise Inventory Account and Credit Cash Account.

Hence:

Journal entry

Dr Merchandise Inventory

Cr Cash

3 0

3 years ago

A fashion designer who creates pieces from start to finish for a Paris runway show has a job that has:________

sesenic [268]

Answer:

High task identity.

Explanation:

A task identity can be defined as a measure of the extent or degree to which a project or job requires the completion from the beginning of the project to the end rather than just a bit or a fraction.

A fashion designer who creates pieces from start to finish for a Paris runway show has a job that has high task identity.

6 0

3 years ago