Answer:
c. escalator clauses
Explanation:
Based on the information provided within the question it can be said that the term being described is called an escalator clause. Like mentioned in the question this term refers to a clause within a contract that allows for an increase in in the price or wage stated in the contract but only under the specific conditions stated.
Answer:
D
B
C
Explanation:
Federal purchases are purchases of goods and services and it is required that the government receives a good or services in return, whereas federal expenditures is the sum of government purchases including transfer payments.
In relation to GDP, Federal purchases have decreased by almost half since 1960.
In relation to GDP, Federal expenditures have increased since 1960.
Answer:
c.nominal GDP but not real GDP.
Explanation:
Nominal GDP is total output produced in an economy multipled by current year prices.
Real GDP is total output produced in an economy multipled by base year prices.
Real GDP has been adjusted for inflation and it thus not affected by price increase.
If only price increases and not output, only nominal GDP increases.
I hope my answer helps you.
Explanation:
Ray, the owner of a small corporation, ordered CPA Holmes to perform a record audit. Ray told Holmes that a loan application should include a prompt analysis of the audited financial statements of a bank. Holmes acknowledged the agreement unanimously and decided that an auditor's report should be given within 3 weeks. If the loan was granted, Ray accepted to pay Holmes a fixed fee plus a bonus.
Two accountant graduates were employed by Holmes to perform the audit and spent several hours saying exactly what to do. Holmes told the students to concentrate instead on providing accurate statistical facts in the documents and summing up a date that confirms Ray's financial statements that do not include footnotes, instead of testing the controls.
Holmes checked the documents and produced a report of the auditor without qualification. The article applies neither to the GAAPs nor to their consistent application.
Idk<span>s a branch of the economics field that studies how the aggregate economy behaves. In </span>macroeconomics<span>, a variety of economy-wide phenomena is thoroughly examined such as, inflation, price levels, rate of growth, national income, gross domestic product and changes in unemployment.</span>
