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3 years ago

In order to better compare/contrast costs of living in the various environments GNP/GDP may be adjusted to:

Business

1 answer:

djyliett [7]3 years ago

8 0

Answer:

PPP (purchasing power parity)

Explanation:

Purchasing Power Parity (PPP) aims to measure relative cost of living between countries of different currencies. It is a calculation that takes into consideration the same set of products and services and the amount of currency required to purchase them in each country. According to the PPP, two currencies are in equilibrium when a set of goods and services has the same value in two countries, considering the exchange rate between them. For example, if a big mac that costs $ 2 in the US also costs the same value in another country, that means there is a balance exchange rate between the two countries' economies. However, if price distortions are found, it will be possible to identify the difference in the cost of living between two countries.Therefore, while GDP and GNP aim to measure the wealth produced by a country, PPP aims to measure the relative cost of living between countries.

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What term is sometimes used to refer to factors of production?

balandron [24]

<span>Factors of production, also called resources or inputs is an economic term that describes the inputs that are used in the production of goods and services in order to make an economic profit. The factors of production include: land, labor, capital and entrepreneurship.</span>

8 0

4 years ago

Determine the missing amount from each of the separate situations given below.Assets = Liabilities + Equity(a) x = $84,000 + $47

sdas [7]

Answer:

(a) X = Total assets = $131,000

(b) X = total equity = $90,000

(c) X = total liabilities = $90,000

Explanation:

In this type of question, we use the accounting equation which is equals to

Total assets = Total liabilities + Total equity

This accounting equation is used to balance the financial statements so that proper accuracy and analysis can be made.

(a) X = $84,000 + $47,000

X = $131,000

X here means total assets.

(b) $120,000 = $30,000 + x

$120,000 - $30,000 = X

X = $90,000

Here, X = Total equity

$152,000 - $62,000 = X

X = $90,000

Here, X = Total liabilities

Hence, (a) X = Total assets = $131,000

(b) X = total equity = $90,000

(c) X = total liabilities = $90,000

4 0

3 years ago

Which of the following statements is correct? Revenue is recognized at the time of shipment when goods are shipped FOB destinati

allochka39001 [22]

Answer:

The correct answer to the following question will be Option C.

Explanation:

The buyers, as well as sellers, must negotiate an understanding as to who is capable of paying certain transport costs and also who, whenever the item is delivered, assumes the default risk throughout transportation.
A seller reports compensation whenever the purchaser has the transition of titles as well as ownership uncertainties.

The other three options are not related to a certain scenario. So that option C is the right answer.

7 0

3 years ago

Exporting can be a way to test market demand for a product. Many companies turn to agents and/or distributors to represent them

Mkey [24]

Answer:

This approach minimizes the risk business has to take during foreign ventures. Such as finding new markets, storing the products till distribution, handling customer records and grievances and so on.

In other words, the cost of participating overseas.

Explanation:

Imagine you own a company that produces toys. Exporting your own product is profitable. Yet when the demand and the customer base grow, it becomes difficult to hand the distribution of the product, financials, tax/legal requirements and documentation all by your self.

An authorized agent or a distributor make the work much easier as they support you in various tasks we've mentioned above.

In the process, you'll have more time to think of new ways to grow your business while your agent/distributor handle the day to day tasks in operations.

7 0

4 years ago

Although not a goal of the unemployment insurance system, one effect is that the system reduces _________.

serious [3.7K]

Answer:

a. the rate of job finding.

Explanation:

The unemployment insurance system is a program managed by the federal and state governments to provide unemployment benefits to individuals who are unemployed and meet certain eligibility criteria.

Although not a goal of the unemployment insurance system, one effect is that the system reduces the rate of job finding.

However, the main goal of the unemployment insurance system is to reduce workers' uncertainty about their incomes.

7 0

3 years ago