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2 years ago

Which indicators do economists use to determine the state of the economy?

Business

1 answer:

Alchen [17]2 years ago

3 0

Answer:

The three most important economic indicators are gross domestic product (including GDP per capita, consumer spending, investment, etc.), employment indicators (total employment and unemployment rate) and inflation rate.

There are other economic indicators that are also frequently used like poverty level, life expectancy, foreign trade balance, central bank minutes, etc.

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A company borrowed $10,000 from the bank at 5% interest. The loan has been outstanding for 45 days. Demonstrate the required adj

baherus [9]

Answer:

The required adjusting entry would be to debit the Interest expense account and credit the Interest payable account.

Explanation:

The number of days that a loan debt stays unpaid is referred to as the outstanding number of days.

In line with the general accounting rules, all expenses must be debited. Therefore, the interest expense has to be debited.

Interest payable, however, is the amount owed to a lender by a firm and is thus credited as the matching journal entry to the interest expense.

Therefore, we have:

The required adjusting entry would be to debit the Interest expense account and credit the Interest payable account.

6 0

2 years ago

the progressive insurance ad campaign knows that the average person in the target market is exposed to the message 13 times in

Sindrei [870]

This measures frequency, as it states that number of times the target gets to see the message

8 0

2 years ago

Information and communication technologies are developing at a very fast rate. How have these technologies affected globalizatio

Radda [10]

Answer:

bokunopico yesyedyee

5 0

2 years ago

An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labour to produce its total output of 640 u

arlik [135]

Answer:

B) $.10.

Explanation:

All the cost used in the production process is called production cost.

Capital cost = Units x Cost per unit = 2 x $10 = $20

Raw Material cost = Units x Cost per unit = 5 x $4 = $20

Labor cost = Units x Cost per unit = 8 x $3 = $24

Total Cost = Capital cost + Raw Material cost + Labor cost

Total Cost = $20 + $20 + $24 = $64

Cost per unit = Total cost / Number of units = $64 / 640 = $0.10

6 0

3 years ago

Profits of a large corporation are taxed twice, once as corporate income and again as personal income of stockholders.

Alex Ar [27]

True, profits of a large corporation are taxed twice, once a corporate income and again as personal income of stockholders. This is because the corporation is taxed when they earn the profit but then the stockholders are taxed as it is paid out as income/earnings.

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2 years ago