Answer:
B. value of total production linked to prices of a single year.
Explanation:
The definition of Real GDP is given as; the total measure of a country's total economic output, adjusted for price changes. It makes the comparing of GDP from year A to year B and also from different years more meaningful because it shows comparisons for both the quantity and value of goods and services.
Therefore the correct option to the question above is option B.
Answer:
THERE ARE SCARCITY EVEN IN AN AFFLUENT COUNTRY LIKE THE UNITED STATES BECAUSE WANTS ARE LIMITED BUT NEEDS ARE UNLIMITED. SOME PEOPLE ARE POOR WHILE OTHERS ARE WEALTHY
Answer:
$1,330
Explanation:
Change in net working capital during the year 2019 is computed as
= Current assets - Current liabilities
Current assets 2019 = Cash $710 + Accounts receivables $1,070 + Inventory $930
Current assets = $2,710
Current liabilities 2019 = Notes payable $550 + Accounts payable $830
Current liabilities = $1,380
Therefore,
Change in net working capital during the year 2019
= $2,710 - $1,330
= $1,330
Answer:
lack of disclosure
Explanation:
As a rider, this is idiotic as both are clear when riding and even before mounting the vehicle. it is highly illegal to sell a vehicle or piece of property without disclosing problems <em>that you know of</em>.
Answer: See explanation below
Explanation: an increase in the wage costs of steel mills would equate to an increase in the cost of production of steel. This would lead to a corresponding increase in the price of steel as the supply curve moves to the left. If costs go up (wages), less would be produced, sellers are less inclined to supply the same quantity at the current price and this is what shifts it to the left.