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3 years ago

Economic systems differ according to which two main characteristics?

Business

1 answer:

nikitadnepr [17]3 years ago

4 0

Answer:

Explanation:

Economic systems refers to the different ways in which a government moves and distributes the resources that the country needs, including labor, capital, entrepreneurs, physical resources and information resources. That being said the two main characteristics that explains how they differ would be who owns the factors of production which are the 5 stated above, and the methods used to coordinate economic activity.

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The debt-to-equity ratio for your small business was 1.40 at the end of last year and 1.25 at the end of this year. Your debt-to

larisa86 [58]

Answer:

debt-to-equity ratio is 1.33 .

Explanation:

Given the debt equity ratio at the beginning and at end of the year, we can estimate the debt equity ratio of a company as the <em>average</em> of the two.

Average debt-to-equity ratio = (1.40 + 1.25) ÷ 2

= 1.325 or 1.33

3 0

3 years ago

Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000.

lesya692 [45]

Answer:

Option (c) is correct.

Explanation:

Depreciable value of machine:

= Cost of machine - salvage value

= $87,000 - $7,000

= $80,000

Depreciation of second year:

= ($80,000 ÷ 400,000) × 84500

= $16,900

Therefore, the journal entry is as follows:

Depreciation Expenses A/c Dr. $16,900

To accumulated depreciation $16,900

(To record the machines' second year depreciation)

4 0

3 years ago

Rational choices: A. are based on a comparison of total benefits and total costs. B. can only be made by those who are economist

anygoal [31]

Answer:

A) are based on a comparison of total benefits and total costs

7 0

3 years ago

The most likely effect of an decrease in income tax rates would be a(n): increase in interest rates. decrease in the supply of l

Shkiper50 [21]

Answer: none of the above would occur

Explanation:

When there are lower tax rates, people will have more disposable income left aft paying taxes. It is from this disposable income that people are able to save so if it increases, they will be able to save more.

When they save more, supply of loanable funds will increase because loanable funds come from savings. Interest rates would therefore decrease because there are now more loanable funds.

4 0

3 years ago

if inflation was 3% per year, nominal gdp was growing at 8% per year, and population was growing at 2% per year, what was the gr

eduard

GDP nominal: a measure of economic value that takes into account the current market prices of all economic outputs.

Real GDP x GDP Deflator is the nominal GDP.

<h3>How is the real inflation rate calculated?</h3>

The estimation which factors expansion to get genuine Gross domestic product is as displayed underneath: The base year in this formula is the chosen year for which the government conducts periodic updates and is also used when comparing economic data like the GDP. Real GDP = GDP/ (1 + inflation since base year)

<h3>How is the real GDP growth rate calculated?</h3>

The percentage change in real GDP per capita between two consecutive years is used to calculate the annual growth rate of real GDP per capita. A country's or region's real GDP per capita is calculated by dividing GDP at constant prices by the population.

Learn more about GDP here:

brainly.com/question/1383956

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2 years ago