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3 years ago

The gdp deflator is used to calculate the inflation rate. True or False

Business

1 answer:

Aleksandr [31]3 years ago

6 0

Answer:

True

Explanation:

The nominal GDP is divided by the real GDP to calculate GDP deflator which is used to calculate the CPI and Inflation rate. So it is true that the GDP delfator is used to calculate inflation rate.

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Suppose that Techno TV produces LCD televisions. At a price of $2,000 per television, Techno determines that its optimal output

prohojiy [21]

Answer: The answer is b. Reduce output in the short run.

Explanation: In production, to determine the quantity of products to supply, the demand of the consumer plays a very vital role. This is because the consumer demand will determine the price at which a company will sell its products.

In the case of Techno above, they would do well to reduce the output in the short run, since demand has reduced, pending when the demand increases. This is because if they maintain their current output of 3000 TV sets per week, they will sell less units and their revenue (price x quantity sold) will be lower than their cost and this will lead to them incurring loss.

So until the recession scare passes, output should be reduced in the short run.

3 0

3 years ago

One of the most important features of a filing and record keeping system is that it works for you and meets your needs true or f

MA_775_DIABLO [31]

Answer:

True

Explanation:

In record keeping using the filling method, it is done in-order to keep track of all the important documents and information regarding to the company. This record keeping system could employ the manual method or writing with hand or the electronic method of storing such information using the computer or other electronic device.

7 0

3 years ago

Compute ending work in process inventory for a manufacturer with the following information. Raw materials purchased $ 124,800 Di

aalyn [17]

Answer:

Ending WIP = 29,700

Explanation:

$Beginning \: WIP+ Cost \: added= Ending \: WIP + COGM$

Beginning WIP 26,500

Direct Materials used 74,300

Direct Labor used 55,000

Factory Overhead 95,700

Cost added during the period 225,000

Cost of Goods manufactured 221,800

$Beginning \: WIP+ Cost \: added= Ending \: WIP + COGM$

26,500 + 225,000 = Ending WIP + 221,800

26,500 + 225,000 - 221,800= Ending WIP

Ending WIP = 29,700

We need the materials used in production, the purchases is not the value we need, it is irrelevant.

3 0

3 years ago

Who is responsible for developing a firm's mission?

Aleksandr-060686 [28]

The manager such as the CEO

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3 years ago

What has to be done to be a military good service worker

seropon [69]

click the following link https://www.psychologyschoolguide.net/social-work-careers/how-to-become-a-military-social-worker/

5 0

4 years ago