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lbvjy [14]
3 years ago
13

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.

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3 years ago
To reconcile the number of physical units using the weighted average method of process costing, one must determine whether the u
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For one to be able to reconcile the number of physical units using the weighted average method of process costing, one must determine if the units were completed or still in process at the end of the period.

<h3>What is weighted average method?</h3>

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8 0
1 year ago
At the beginning of the current year, Paxx County’s enterprise fund had a $125,000 balance for accrued compensated absences. At
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