Martin, a US. citizen travels to Mexico and buys a newly manufactured motorcycle made there. his purchase is included in both Mexican GDP and U.S. GDP.
This is further explained below.
<h3>What is
GDP?</h3>
Generally, The gross domestic product (GDP) of a nation is a monetary measurement that is based on the market value of all of the final products and services that are produced in that nation during a certain time period.
Before being regarded as a trustworthy indication, this measure often undergoes revision because of the complexity and subjectivity inherent in its design.
In conclusion, Martin, a resident of the United States, makes a trip to Mexico in order to purchase a motorbike that was only just produced in that country. His purchase is accounted for in both the GDP of Mexico and the GDP of the United States.
Read more about GDP
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If a buyer were to return or take an allowance on merchandise, they must issue a debit memorandum. They do this to let the seller know there was a debt made to their accounts payable in their records. This limits the liability they have for being audited for incorrect placement of debt.
Answer: The correct answer is "all of the options".
Explanation: Explanations for Home Bias include:
- Securities may provide investors with certain extra services, such as hedging against domestic inflation that foreign securities do not.
- There may be barriers, for or informal, to investing in foreign securities.
- Investors may face country-specific inflation in violation of PPP.
Answer:
Option (B) is correct.
Explanation:
There is a positive relationship between the inflation rate and the nominal interest rate. When there is an increase in the inflation rate then as a result nominal interest rate also increases at a same rate. This means that people desire to hold less money because of higher nominal interest rate.
Suppose that nominal interest on a savings account is at 5% and inflation rate is at 3% then this means that money in the savings account grows at a 2% and this 2% is a real interest rate.
Inspection and approval of food products ➡ Food and Drug Administration
Regulation of population and conservation of energy ➡ Environmental Protection Agency
Protection and safety of workers ➡ Occupational Health and Safety Organization