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kenny6666 [7]
3 years ago
13

An increase in the amount of household wealth in an economy would ________ the average standard of living and would ________ the

spending power experienced by the typical person.a. raise; have little effect onb. raise; improvec. raise; reduced. have no effect on; improvee. lower; reduce
Business
1 answer:
Bezzdna [24]3 years ago
8 0

Answer: raise; have little effect on is the correct option

Explanation:Wealth is understood as ownership of economic capital. It is viewed as a

dimension of people’s economic (or material) well-being, alongside income and

consumption. There are other concepts of capital that are important to people’s well-being

and complement the concept of economic capital, such as human capital, social capital

and collectively-held assets. However, while they may have considerable economic value to

the people that possess (or have access to) them, they are not material assets and liabilities

over which people can exercise ownership rights.

Information on household wealth is important at both the macro and micro levels.

Wealth is one of the key components of the economic system. It is a source of finance for

future consumption, for reducing vulnerability to shocks and to other unexpected

developments, and for undertaking business and other economic activities. At both the

macro and micro levels, household wealth statistics play a vital role in informing responses

to a wide range of policy and research questions. However, the perspectives and insights

provided at each level are also quite different. The primary focus

at the macro level is on the household sector’s wealth, its relation with the other sectors of

the economy, and its role within the broader economic system; conversely, the primary

focus at the micro level is on the wealth of individual households and its distribution

across different types of households.

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The baby boomers could change the fashion industry as they transition to senior citizens because they could motivate designers to create products that meet their needs. For example, they might motivate shoe designers to design shoes that are similar to those worn by the younger generation but perhaps with more comfort and lower heels. Therefore, they will maintain their sense of fashion, but in a rather different manner.
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3 years ago
You are told the column totals in a trial balance are not equal. After careful analysis, you discover only one error. Specifical
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Answer:

a. The Debit column is correctly stated.

b. The Credit column is understated by $17,300 ($8,650 * 2).

c. The Automobiles account balance is correctly stated in the trial balance.

d. The Accounts Payable account balance is understated in the trial balance by  $17,300 ($8,650 * 2).

e. If the Debit column total of the trial balance is $200,000 before correcting the error, the total of the Credit column before correction is $182,700.

Explanation:

This mistake is an Error of Commission.  It is a problem of arithmetical accuracy, for example, posting to the wrong side of one ledger account.  In this case, the Accounts Payable should have been credited with the amount of $8,650.  As an arithmetic error, it can only be corrected by doubling the affected amount on the Credit side of the Accounts Payable account.

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3 years ago
For the month of May, the company planned for activity of 112 births, but the actual level of activity was 114 births. The actua
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Answer:

D)

Explanation:

i think its right.. but i may be wrong.. i tried either way.

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The _____ is the way in which each country’s economy links to other countries’ economies.
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<span>It's definitely: Global economy</span>
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Budgeting material purchases budget. The Howell Company has prepared a sales budget of 42,000 finished units for a 3- month peri
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Answer:

The number of Gallon materials Howell company should buy is 166000 Gallons

Explanation:

Finished goods

opening inventory               11000

produced                                            

closing inventory                13000

finished goods sold            42000

using the bottom up approach to get goods produced

sold goods + closing goods - opening goods = produced =44000 goods

Direct material ( Gallons)

opening materials                  66000

purchased                             166000              

available for use                   232000

used in production                 176000

closing gallons                       56000

We use the bottom up approach to get the materials to be purchased

closing stock plus used in production to get available for use then subtract opening material to get purchased = 166000

4 0
3 years ago
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