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RUDIKE [14]
3 years ago
14

Why is real GDP a more accurate measure of an economy's production than nominal GDP?

Business
1 answer:
Verizon [17]3 years ago
6 0

Answer:

The correct answer is option B.

Explanation:

Nominal GDP measures economic growth at current prices. It measures the value of output produced on the basis of current prices. It is thus not an inflation measure of economic growth as it includes the change in the price level.  

Real GDP is an inflation-adjusted method to measure economic growth. It measures a change in economic output on the basis of constant. It is thus considered a more accurate measure of the economic growth of a nation as it is not influenced by changes in the price level.

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What caused the unintended consequence of "there's no such thing as shovel-ready projects?"
Misha Larkins [42]

Answer:

A)  Any of these causes could be a reasonable answer.

Explanation:

When the government needs to spend money on service projects or products, there are many roadblocks in the way.

1. The US House has the "power of the purse," because All Bills for raising Revenue shall originate in the House of Representatives (U.S. Constitution, Art. I, sect. 7)

2. Most State Governments have to approve contracts and vet private industries to complete public works projects.

3. Like all business structures,all of the factors of production need to be in place before work can begin.

4 0
4 years ago
U.S. appliance manufacturers find that different customs about shopping must be considered to determine product design. For inst
vovangra [49]

Answer:

Global marketing strategy

Explanation:

A global marketing strategy (GMS) is a strategy that encompasses countries from several different regions in the world and aims at coordinating a company's marketing efforts in markets in these countries. A GMS does not necessarily cover all countries but it should apply across several regions.

Competing on a global basis allows customers worldwide to be better-informed and more focused on the products and services you offer. Creating a comprehensive global marketing strategy also allows your company to adapt quickly wherever needed based on customer demands and trends in the global marketplace.

Each marketing strategy can communicate to a target market the benefits and features of a product. ..Apple, for example, has invested in creating commercials for television, billboards, and magazines that showcase their products in such a way that their customers feel an affinity towards Apple's products.

5 0
3 years ago
Read 2 more answers
g Westvaco Inc. manufactures two different sizes of monitors: small and large. Currently, its total manufacturing overhead cost
umka2103 [35]

Answer:

Allocated overhead= $30,000

Explanation:

<h3>First, we need to calculate the plantwide predetermined overhead rate:</h3>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 80,000/16,000

Predetermined manufacturing overhead rate= $5 per <u>direct labor hour</u>

<u>Now, we can allocate overhead to Small Monitors:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Small Monitors:

Allocated overhead= 5*6,000= $30,000

5 0
3 years ago
Which type of financial statement should you look at if you want to see a company's profits and losses over a specific period of
yKpoI14uk [10]

Answer:

A.Income statement

Explanation:

The income statement of a institution or business that shows the expenses, costs and the incomes during a certain period of time, it is often done quarterly or annually in order to present the tax declaration, it is also known as "profits and loss statement" because it shows exactly if the business had profits or lost money during that period of time.

8 0
3 years ago
This is the trial balance of Blossom Company on September 30.
andre [41]

Answer:

1. Cash (Dr.) $1,470

Accounts receivable (Cr.) $1,470

2. Account Receivable (Dr.) $5,020

Revenue (Cr.) $5,020

3. Salaries Expense (Dr.) $1,380

Cash (Cr.) $1,380

4. Cash (Dr.) $560

Revenue (Cr.) $560

5. Accounts Payable (Dr.) $1,800

Cash (Cr.) $1,800

6. Dividend Paid (Dr.) $340

Cash (Cr.) $340

7. Utilities Expense (Dr.) $440

Cash (Cr.) $440

Explanation:

The Blossom company has incurred expenses and various transactions which are recorded in the journal ledger to form the trial balance of the company. These transaction are recorded according to the company's expense and then these expense are charged to their respective accounts.

8 0
3 years ago
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