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Bogdan [553]
3 years ago
14

The computation of the average annual growth rate of real GDP

Business
1 answer:
baherus [9]3 years ago
6 0

Answer:

A) is more complex when examining data for a long period of time than when examining data for only a few years.

Explanation:

Real gross domestic product (GDP) is calculated dividing nominal GDP by the deflator (or the CPI which should be the same).

real GDP = nominal GDP / deflator

The problem is that when you are examining information from long periods of time, calculating the deflator or CPI index starts getting complicated and also losses relevance. That is why the base year for calculating real GDP is updated after some years. What good can we get from calculating real GDP is we used 1920 as the base year?

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a) Agricultural industry entails group of firms involving in rearing of animal and growing of both cash crop or food crop either majorly for commercial purpose / use

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c) Mining industry are industry who specialize in extraction from the soil raw materials required by other industries. Extraction like crude oil, Coal

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g) Communication industry specializes in enabling individual to transmit information from his end to another end.. It ranges from Media to Internet and Phone as all these fall under communication community.

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The correct answer is letter "C": Confirmation of cash should only be performed as of the balance statement date because the auditor expresses an opinion as of that date.

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