Answer:
The correct answer is B.
Explanation:
Giving the following information:
The consumer price index for 2010 was 160.6 and for 2011 it was 163.1.
To calculate the inflation rate we need to use the following formula:
Inflation rate= [(PC1 - PC0)/PC0]*100
Inflation rate= [(163.1 - 160.6)/160.6]*100= 1.56%
Answer:
It is included in GDP as part of Investment
It is not included in GDP because it is an intermediate good.
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
Intermediate goods are goods used in the production of other goods. They are not included in GDP. Flour is an intermediate good because it is used in the production of bread and pastries
Answer:
D
Explanation:
just did it and got it right
Answer:
The correct answer would be, Brainstorming.
Explanation:
Dean used a technique, called Brainstorming.
Brainstorming is a process of generating new and innovative ideas by group discussion.
When a group of people discuss anything and generate ideas or give innovative solutions of the problem being discussed, they are actually resolving the problem and this process is called as brainstorming.
So in this question, when Dean went to his team to seek solution to the problem which he recently encountered, his team came up with surprisingly new innovative ideas that astonished Dean. So Dean actually used a technique called Brainstorming to make his team generate solution for the problem with their ideas and suggestions.
Answer:
Explanation:
The journal entry is shown below:
Account receivable A/c Dr $593,850
To Sales tax payable A/c $58,850 ($535,000 × 11%)
To Sales revenue A/c $535,000
(Being sale is made on credit)
The account receivable amount includes both the sales tax payable and the sales revenue amount.