Answer:
The value of nominal GDP in years 1 and 2 respectively is:
Explanation:
real GDP is based on the prices of a base year and it is affected by the total output of goods and services, not the nominal value of the goods and services.
real GDP year 1 = ($3 x 100 balls) + ($8 x 75 pizzas) = $900
real GDP year 2 = ($3 x 110 balls) + ($8 x 80 pizzas) = $970
nominal GDP year 1 = ($3 x 100 balls) + ($8 x 75 pizzas) = $900
nominal GDP year 2 = ($3.25 x 110 balls) + ($9 x 80 pizzas) = $1,077.50
Answer:
She can deduct the full $120,000. the answer is $120,000.
Explanation:
Therefore, M is following cash basis of accounting , She can deduct the full $120,000 amount. Under cash system, expenses are recorded when cash is paid irrespective of whether it is accrued or not.
Answer:
Hello the options in regards to your question is missing attached below is the complete question
Answer : Private enterprise's investments are in assets that are meant to increase production, which are going to earn revenues and pay for themselves. Thus, private enterprise's spending is unambiguously going towards investments. It is very difficult to determine when the federal government's spending is an investment. ( B )
Explanation:
The federal government's investments are not discussed in relation to a capital budget and recorded as an asset because It is very difficult to determine when the federal government's spending is an investment, because Federal Government is not actually designed to operate as a business entity