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2 years ago

Gross Domestic Product is a measurement of standard of living because .

Business

1 answer:

NISA [10]2 years ago

8 0

Answer: A. imperfect; not all important determinants of standard of living are incorporated.

Explanation:

The gross domestic product refers to the monetary value of the goods and the services which are produced in a nation.

Gross Domestic Product is an imperfect measurement as it excludes non-market transactions such as the activities of mothers etc. Also, it doesn't account for income inequality in the society. Therefore, not all the important determinants of standard of living are incorporated.

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Kara wants to build a business. She has plenty of capital and potential investors and partners. She wants to avoid the burden of

Akimi4 [234]

Answer:

The correct answer is B.

Explanation:

The fact that Kara has plenty of capital means she most likely would not need financial intervention from any other party.

It is not logical for her to bring in a partner who will share profits when she has invested all the capital. Because she will enjoy all the proceeds from the business alone, she will also bear all liabilities.

Cheers!

4 0

3 years ago

Read 2 more answers

GASB has issued a proposed standard that would more clearly define fiduciary activities and change the categories of fiduciary f

kramer

Answer:

a. Custodial fund

Explanation:

Custodial transaction and fund refers to the transaction, in which there is a beneficiary and a responsible. The responsible person manages the transactions of custodial account, and takes proper care of return and investment on such account.

This is basically an agency service as the person who is beneficiary is just depositing the amount top be invested which is then taken care of as an agent.

The correct option is a.

Custodial Fund.

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3 years ago

For the first time in two years, Big G (the cereal division of General Mills) raised cereal prices by 4 percent. If, as a result

bearhunter [10]

Answer:

b. inelastic

c. Yes - it decreased

Explanation:

Elasticitiy of demand measures the responsiveness of quantity demanded to changes in price.

Elasticity of demand = percentage change in quantity demanded/ percentage change in price

= -2/4 = -0.5

The absolute value is 0.5

If the absolute value of the coffiecnet of elasticity of demand is less than one, demand is inelastic.

Demand is inelastic if a change in price has no effect on quantity demanded .

We can tell that the quantity demanded fell because of the negative sign in front of the percentage change in quantity demanded.

I hope my answer helps you

7 0

2 years ago

You and your client decide that her case is eligible and should be heard by the U.S. Supreme Court. You receive a writ of certio

forsale [732]

Writ of Certiorari: a document that orders a lower court to deliver its record in a case so that the higher court may review it.

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2 years ago

Carter Corporation made sales of $ 825 million during 2018. Of this amount, Carter collected cash for $ 710 million. The compa

salantis [7]

Answer:

Part (a) The net income of carter is $115 million.

Part (b) The closing cash balance at the end of year is $360.

Explanation:

Part (a) Net Income Computation:

Sales $825

Cost of goods sold ($290)

Gross Profit $535

Other Expenses ($425)

Net income $115 Million

Part (b) The cash balance of Carter is not dependent on non cash flows. So the cash transactions would be considered here for cash balance computation.

Opening Cash position $290

Collection from Sales $710

Inventory Invoices paid ($350)

For Everything ($290)

Closing Cash balance $360

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2 years ago

Gross Domestic Product is a ________measurement of standard of living because ________.

Gross Domestic Product is a measurement of standard of living because .