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Rainbow [258]
3 years ago
9

GDP is an imperfect measure of economic​ well-being because it fails to measure what types of​ production? A. Household producti

on and the underground economy. B. Business investment and foreign production. C. Household production and foreign production. D. Foreign production and the government sector.
Business
1 answer:
Morgarella [4.7K]3 years ago
6 0

Answer:

The correct answer is option A.

Explanation:

GDP is not a perfect method to measure economic growth and well being. This is because it does not include a lot of things. The production in the underground economy is not included. It also does not include household production of goods and services.

Apart from that value of leisure, crimes, pollution, etc. are also not included. All this may lead to overestimation or underestimation of economic well being.

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Answer:

Hii I am also studding business studies and would surely love to help you if you can send your business studies book name so that i can help you more easily.

Explanation:

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8 0
2 years ago
With a regressive tax system, as the level of income increases in an economy, the average tax rate will: 
A. Increase
B. Decreas
Ostrovityanka [42]

Answer:

The correct answer to the following question is option B) decrease.

Explanation:

Regressive tax is that of tax which is imposed in such manner that when the income level in the economy increases , the average tax rate would decrease. This type of tax has heavy burden on the low income people as it takes high proportion of their income. So it can be said here that there is an inverse relationship between tax payer's ability to pay ( which can be measured in income , assets or consumption) and the tax rates imposed.

6 0
3 years ago
Cash Flows from Operating Activities—Indirect Method The net income reported on the income statement for the current year was $1
KiRa [710]

Answer:

Explanation:

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8 0
4 years ago
Since the 1970s, the largest area of job growth in the United States has been in the ______ sector; areas such as banking, healt
JulsSmile [24]

The largest area of job growth in the United States has been in the service sector.

<h3>What are the service sectors?</h3>

The service sector is commonly known as the tertiary sector. It is also known to be the third tier in the three-sector economy.

An Examples of service sector jobs are housekeeping, nursing, etc. The Service industries is made up of:

  • Banking
  • Communications
  • Wholesale and retail trade, etc.

Conclusively, The largest area of job growth in the United States as at 1970s has been in the service sector.

Learn more about service sector from

brainly.com/question/26521390

3 0
2 years ago
For which of the following businesses would the job order cost system be appropriate? a.oil refinery b.canned soup processor c.l
attashe74 [19]

Answer:

The correct answer is letter "C": lumber mill.

Explanation:

Job orders are forms that are given to workers that typically represent a third party to a company so they can perform a specific work. Besides, the job order includes the time expected for the worker to finish the job, the estimated wage charged, the materials needed to perform the job, and the number of employees necessary.

<em>Lumber mills</em> typically work with job orders to provide with cut pieces of wood to furniture enterprises.

4 0
3 years ago
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