The number of units of developing country currency required to purchase a basket of goods and services in a developing country that costs one dollar in the US is given by Purchasing power parity. Thus the correct option is C.
<h3>What is Service?</h3>
Services are referred to as a type of goods that is offered to someone in terms of facilities like the one received in a restaurant or shopping mall. It is a type of commodity or product that is intangible in nature, one can only feel it.
When a country's money is convertible into another country's currency, the number of products and services that can be purchased in each country at the same price is equal. This is known as purchasing power parity.
So, Purchasing power parity determines how many units of an emerging country's currency are necessary to purchase a basket of products and services in that country that cost one dollar in the United States.
Therefore, option C is appropriate.
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The complete question is
he number of units of developing country currency required to purchase a basket of goods and services in a developing country that costs one dollar in the U.S. is given by?
a. GNI price deflator.
b. Human Development Index ranking.
c. Purchasing power parity.
d. The exchange rate.
The journal entry to record the first annual payment fot the loan to Shady Creek Resort is:
Date Account title Debit Credit
June, 30 Interest expense $27,000
Notes payable $24,421
Cash $51,421
<h3>How is the first annual payment recorded?</h3>
The interest expense is:
= 330,000 x 9%
= $27,000
Notes payable is:
= 51,421 - 27,000
= $24,421
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Because you can buy more bikes with the amount of money you make, hense the art of making a business also an entrepenuer
B.
The bus company has monopoly over the bus service in the town because it has no competitors.
Answer:
First of all, I would try to find out the main reason behind that conflict that why they cant work properly with each other in a team. After finding the root cause, I will try to find out the solution. While finding the solution, I will also find what are their common interests and domains, and then I will try to bring them closer to each other by mentioning their common areas. I will also manifests the reason that why they should work together, how they both can benefit from working in a harmony and synchronization. I will tell them that they both can win if they can work smoothly without having any conflict.
