Assume that in the year 2010, the US Nominal GDP was $15 trillion, while the GDP deflator was 200. US Real GDP for 2010 is 7.5%.
<h3>Real GDP</h3>
Using this formula
GDP=Nominal GDP/GDP deflator×100
Where:
Nominal GDP=$15 trillion
GDP deflator=200
Let plug in the formula
GDP=$15 trillion/200×100
GDP=7.5%
Therefore US Real GDP for 2010 is 7.5%.
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I have to think again about this answer. I will get back! 2.22
Answer:
The correct option here is A) instructors spend more time on instruction than they spend on supplemental responsibilities.
Explanation:
Instructors usually spend more time on the on job duties, they are not developing any professional relationship with its students, they are not here to improve or teach the basic skill to their students , they don't work on improving the students psychology , so it won't be wrong to say that they don't spend much time on supplemental responsibilities.
You did not type a problem so I cannot help.
Answer:
C. Bad Debts Expense 125 125
Accounts Receivable
Explanation:
When there is straight waive off of accounts receivable, then it reduces the balance of accounts receivables and along with that the expense in the form of bad debts will be recorded in the income statement.
This provides for an expense to be debited and an accounts receivables would decrease because it is an asset, now no more realizable.
Also the expense will be debited as the general rule of accounting states that all expenses and losses are debited.
