Answer: Option (B) is correct.
Explanation:
The nominal GDP is equal to the real GDP in the base year, that's why GDP deflator in the base year is equal to 100.
GDP deflator is calculated as the nominal GDP divided by the real GDP multiply by 100. It is shown as:
GDP deflator = 
GDP deflator would be used as the conversion factor that transformed the real GDP into nominal GDP.
According to Marxist-socialist tenets, law is strictly subordinate to prevailing economic conditions, such fundamental propositions as private ownership, contracts.
Marxists contend that compared to a capitalist society, a socialist one is far better for the majority of people. "The socialization of production is bound to result in the conversion of the means of production into the property of society," wrote Vladimir Lenin before the Russian Revolution.
The core tenets of the Marxist worldview hold that social class is the most significant category of people and that the economic circumstances of a society form its foundation. Another tenet states that community ownership of the means of production will replace private property as the primary institution of capitalism.
Learn more about Marxist-socialist tenets here
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Answer and Explanation:
b. Previous expenditures associated with a market test to determine the feasibility of the project, provided those costs have been expensed for tax purposes.
The statement that is not true is that Krening broker may face jail time
Explanation:
Running deceptive ads is not a crime that will need to face jail time if a person is found running deceptive ads the person will be asked to pay the penalty and they will be asked to pay the fine
And the violators will be asked to run the correct form of the ad and the information must be corrected and the civil penalties faced by them will be in millions
Net present value aka NPV is the gap between the present value of inflows and outflows of cash. This is used in project appraisal, to know whether a particular project with projected receipts and expenditures would be profitable considering current days. This is just a guide because actual occurrences may dramatically deviate from predictions.