Base on my research, the gap that is stated in the problem is the inflationary gap. This is the amount of the real GDP go beyond potential full-employment GDP. Upon eliminating this gap the government forms a policy that will allow the potential GDP to be equal to the real GDP and higher the price level.
Answer:
The correct answer is $907.76.
Explanation:
According to the scenario, computation of the given data are as follow:-
1¥ = 82.54$
1£ = 132.03¥
Convert pounds to us dollars= £ ÷ $ = £132.03 ÷ $82.54
= 1.60$ ÷ £
Mean, 1£ = 1.6$
She has £567.35 .
After converting the pound into the dollar, she will receive = £567.35 × $1.60
= $907.76
Hence, she receive $907.76 if she sells the pounds.
Answer:
Countries become better at making the product they specialize in. Consumer benefits: Specialization means that the opportunity cost of production is lower, which means that globally more goods are produced and prices are lower. Consumers benefit from these lower prices and greater quantity of goods.
Explanation:
According to an article that I found online which was written in December 2015, and according to the statistics that STR Global (which is the best at providing information about the global hotel industry), there are about 2,435 hotels with 562,781 rooms in the Asia-Pacific region.
Now, there are probably even more because many new hotels were being built at the time.
Answer:
Debit Insurance expense $12,000
Credit Prepaid Insurance $12,000
Explanation:
When insurance is paid in advance, the entries required are
Debit Prepaid Insurance
Credit Cash account
As time elapses and the insurance expires,
Debit Insurance expense
Credit Prepaid Insurance
Monthly insurance expense
= 1/24 * $96,000
= $4,000
Between October 1 and December 31 is 3 months
Total insurance expense = 3 * $4,000
= $12,000
