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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.

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James Turbyfil purchased 100 shares of IBM for $72. James also paid $55 commission. What was the total purchase price for this t

alexgriva [62]

Answer:

$7,255

Explanation:

The computation of the total purchase price is shown below:

= Number of shares purchased × par value per share + commission paid

= 100 shares × $72 + $55

= $7,200 + $55

= $7,255

The Number of shares purchased × par value per share is also known as total purchase value

We simply calculate the total purchase value and then added the commission paid so that the accurate value can come

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2 years ago

Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the

irga5000 [103]

Answer:

Variable cost per unit = $42 per unit

Total fixed cost = $107,730

Total cost for 1,300 units = $162,330

Explanation:

Mathematically;

Variable cost per unit=[Total cost at highest level-Total cost at lowest level]/(Highest level-Lowest level)

From the question;

Total cost at highest level = 223,440

Total cost at lowest level = 143,640

Highest level = 2755

lowest level = 855

Substituting these values, we have;

Variable cost per unit = (223,440-143,640)/(2755-855) = 79,800/1900 = $42 per unit

Fixed costs = Total cost at highest level- ( variable cost per unit * units produced at highest level) = 223,440-(42 * 2755) = 107,730

Total cost for 1,300 units

Total cost = Fixed cost + Variable cost per unit(number of units)

= $107,730 + 42(1,300) = $162,330

5 0

2 years ago

The per-unit standards for direct labor are 2 direct labor hours at $15 per hour. If in producing 1800 units, the actual direct

Marat540 [252]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

The per-unit standards for direct labor are 2 direct labor hours at $15 per hour. If in producing 1800 units, the actual direct labor cost was $48000 for 3000 direct labor hours worked.

We need to calculate the total direct labor variance, using two formulas:

Direct labor efficiency variance= (SQ - AQ)*standard rate

Direct labor efficiency variance= (1,800*2 - 3,000)*15= $9,000 favorable

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (15 - 48,000/3,000)*3,000= $3,000 unfavorable

Total direct labor variance= 9,000 - 3,000= $6,000 favorable

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3 years ago

liraira [26]

Groups of related business activities such as the acquisition of merchandise and payment of vendors are called transaction cycles.

A transaction cycle is an interlocking set of business transactions. Most of those transactions may be aggregated into a comparatively small number of transaction cycles associated with the sale of products, payments to suppliers, payments to employees, and payments to lenders.

A transaction cycle is a set of accounting transaction that happens in a very normal sequence as an example a sales transaction is followed by shipping transaction, a billing transaction, and a cash receipts transaction.

Therefore, there are four transaction cycles which are the following:- Financial cycle, expenditure cycle, revenue cycle, conversion cycle.

To know more about transaction cycle here

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1 year ago

True or False - Taxation is the most obvious disruption to the circular flow free market model.

aniked [119]

Answer:

True

Explanation:

Because it is

8 0

3 years ago