Answer:
Option (c) is correct.
Explanation:
The GDP Deflator is defined as the measure of price level of all the domestically produced final goods and services in a particular year. Consumer price index is a measure of price level of a fixed basket of goods purchased by a consumer.
GDP Deflator is not based on the fixed basket of goods and services but CPI is based on the fixed basket of goods.
The formula for GDP Deflator is as follows:
= (Real GDP ÷ Nominal GDP) × 100
Durable and nondurable goods are included in the GDP calculation of consumption. Option D
This is further explained below.
<h3>What is included in the
GDP calculation of consumption?</h3>
The value of all the goods and services produced inside the borders of a country over the course of a specific period of time is typically referred to as that nation's gross domestic product (GDP).
The term "gross domestic product" (GDP) refers to the total amount of money or market value that is represented by all of the finished goods and services that are produced within the borders of a country over a given period of time.
It is a measure encompassing all domestic production, which allows it to operate as an all-encompassing scorecard of the economic health of a specific country.
In conclusion, it functions as an all-encompassing barometer of the economic well-being of a country by acting as a measure of the overall industrial output of that country.
Read more about GDP
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Answer:
The second year’s depreciation for this equipment using the straight line method is 8,500
Explanation:
Depreciation: Depreciation is a decreasing value of the assets due to the tear & wear, obsolescence, usage,etc.
The formula to compute the depreciation under straight lie method is shown below:
=
=
= $8,500
The depreciation amount under straight line method should remain same over the estimated useful life
So, the second year’s depreciation for this equipment is $8,500
Answer:
1) The pretax income of Acme Brush became a US dollar pretax loss because of spot rates and or the exchange rates meaning sales were made when the exchange rate was Less than the exchange rate when the expenses were paid. But the main difference between the two currencies is exchange rates.
2) Cooper Grant should be paid the annual bonus as it is payable to him because Acme Brush of Brazil made a profit and his Bonus is a predetermined percentage of the pretax income.
Explanation:
True you have to have a way to move things so other things can get better