Answer:
A)Real GDP omits measures of political freedom.
Explanation:
The Real Gross Domestic Product is a measure of all the goods produced in an economy within a year but with changes in price levels triggered by inflation factored in. Political freedom does not affect economic freedom. People may be restricted politically but still, go about their normal economic activities.
Because the Real GDP basically focuses on transactions done in the markets, it might not accurately measure the growth rate because some people conduct illegal businesses underground that are not captured by the government, while some produce their goods at home. Also, leisure time is not factored and it is important because an increase in leisure time will affect time spent in activities that improve the economy.
Answer:
b. $5,600
Explanation:
A cash basis taxpayer will report revenues and expenses when they are actually collected or paid for. The business transaction is not directly related to the moment that the payment occurs (unlike accrual accounting).
in this case, Ralph should report all the income related to monthly rental payments = $5,000 (Nov. 2008 - Oct. 2008) + $600 (the three last months of rent) = $5,600. Security deposits are not considered rental revenue, so they should not be reported as such.
The bid price is the price a dealer will pay to purchase a bond.
A bid price is an amount that someone is willing to pay for a security, asset, commodity, service, or contract, among other things. In a lot of markets and places, it is referred to as a "bid."
A bid typically represents a reduction from the "ask" price, which is the price at which sellers are willing to accept an offer. The spread between the two prices is known as the bid-ask spread.
Market makers place ongoing bids for securities and may also do so when a seller asks for a price at which they can sell. Unsolicited bids are those that a buyer submits while a seller isn't actively looking to sell, which happens occasionally.
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Answer:
A lease reflects the purchase or sale of a quantifiable right to the use of property
Explanation:
Sale
This is commonly known as the transfer of title, deeds from seller to buyer for a price
Purchase
This is simply defined as the buying of title, deeds from seller for a fixed price.
Lease
This is the transfer of right to possession and use in return for some consideration.
It is als refered to as contractual agreement. This agreement is between a lessor and a Lessee. The lessor gives or conveys the right to use real or personal property or asset while the lessee is the one agrees to pay periodic rents over a time period.
The means of Lease payments include fixed payment, variable payments based on an index, bargain purchase option and guaranteed residual value.
Answer:
C. every additional missile will reduce consumer goods production more and more.
Explanation:
Due to the fact there are limited resources in the economy, as more of one product is being produced, there would be less resources available to produce the second good and as a result, the number of the other good that can be produced would reduce.
As more of one good is produced, the opportunity cost of producing the other good increases.
As more missiles are produced, less consumer goods would be produced and the opportunity cost of consumer goods would increase.
This can be understood by looking at the production possibility curve.
The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
As more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced
It is for this reason that the production possibility frontier is bowed outwards
