<span>1. The correct answer among the choices listed is option B. Your total restaurant bill is </span>the items purchased plus sales tax and tip<span>.
</span>2. The correct answer among the choices listed is option A. A check is <span>required to be paid by your bank when presented</span><span>.
</span>
3. The correct answer among the choices listed above is option B. Bartering is not a way to pay in modern economies.
It is time saving.
it is quick and efficient
Answer:
NET INCOME
Explanation:
as you re measure each transaction, the difference, gain or loss, flows through income statement as a foreign currency transaction adjustment.
Answer:
True
Explanation:
In nominal dollars, China is currently the second largest economy in the world and India is the fifth largest. They are both considered developing nations since the GDP per capita is still low compared to other countries, China's GDP per capita = $10,100 and India's GDP per capita = $2,170. Even though their economies are large, their populations are even larger, both countries have around 1.3 billion people living in them.
If we use the purchasing power parity (PPP) their numbers are a little better, with Chinese economy being number one in the world with $27.31 trillion compared to the US's $21.44 trillion. The US is the only country whose PPP equals its nominal GDP since the American economy is used as the base economy for PPP calculations.
Both China's and India's economic growth rates are also higher than most developed nations, 5.8% for China and 7.5% for India.
