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Lesechka [4]
3 years ago
14

How is nominal gdp converted to real gdp?

Business
1 answer:
Artemon [7]3 years ago
5 0

By eliminating the effects of price increases on GDP growth

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org303 According to the textbook, the most important reason for organizations to rely on research is that it ultimately
Leviafan [203]

Answer:

Explanation:

The most important reason for organizations to rely on research is that it ultimately provides the organization with insight on how a specific decision will perform in the target market and what effects it will have on the company. This is because research provides valuable information such as a target population's interests, hobbies, spending behaviors, needs, likes/dislikes, etc. All of which are factors that help determine if that population will buy a certain product and increase the organizations revenue.

7 0
4 years ago
Katie Malls has the following inventory transactions for the year:Date Transaction Number of units Unit cost Total costJan. 1 Be
Serggg [28]

Answer:

b) $2,350

Explanation:

The computation of the cost of goods sold under the LIFO method is shown below:

Since there is 60 unit sold

So,

= Number of units purchase × price per unit + opening inventory remaining units × price per unit

= 50 units × $40 + 10 units × $35

= $2,000 + $350

= $2,350

hence, the cost of goods sold under the LIFO method is $2,350

Therefore the correct option is b) $2,350

5 0
3 years ago
Developing countries rely heavily on income from the export of a handful of primary commodities, which are raw materials such as
zhannawk [14.2K]

Answer:

There is no doubt that this is true or false question

The correct answer is true

Explanation:

Developing countries are countries whose industrialization base is low coupled with low development index.

By industrialization I mean the deployment of technologically powered machines for the production of goods as well as rendering of services instead of heavy dependence of labor.

In most developing countries mostly found in Africa , there is heavy dependence on foreign exchange earned from sale of primary  commodities as they lack the required technological gadgets to turn them to finished products.

3 0
3 years ago
True or false members of the texas house of representatives are limited to being elected to three consecutive terms in office.
Blababa [14]
The answer to this question is False.

Texas House of Representatives consists of 150 members who are elected by the state and they have a 2 years term. The members of the Texas House of Representatives meet at the House of Representatives chamber of the Texas State Capitol and there is no term limit for being a member of this house.
5 0
4 years ago
Which of the following should be included in the acquisition cost of a piece of equipment? installation costs transportation cos
AveGali [126]

Answer: All of these choices are correct.

Explanation:

Acquisition cost is the total amount of money incurred in purchasing an asset. The acquisition cost should include all the expenses that are incurred such as:

• installation costs

• transportation costs

• testing costs prior to placing the equipment into production

Therefore, the correct option is "All of the above".

8 0
3 years ago
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