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lina2011 [118]
3 years ago
7

One problem with using market values to measure GDP is that A. some useful goods and services are not sold in markets. B. you ca

nnot compare completely heterogeneous goods by using their dollar values. C. prices for some goods change every year. D. market values of exported goods are usually priced in foreign currencies.
Business
1 answer:
Elanso [62]3 years ago
7 0

Answer:

C. prices for some goods change every year.

Explanation:

The reason why the real GDP (GDP adjusted to inflation) is a much better economic index than nominal GDP is that prices change over time, even if the quantities produced do not. It is actually possible for nominal GDP to increase even if total production output decreases due solely to high inflation rates.

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A customer's desire for a product coupled with the buying power or resources to obtain that product is called a ________.
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Pls help or ill fail
5 0
2 years ago
Pina Inc. has outstanding 10,500 shares of $10 par value common stock. On July 1, 2020, Pina reacquired 104 shares at $87 per sh
umka2103 [35]

Answer:

Please see explanation

Explanation:

The following journal entries shall be recorded by the Pina Inc in its accounts for the transactions mentioned in the question:

July 1, 2020                                     Debit                  Credit

Treasury shares                               $9,048

(104*87)

Bank                                                                              $9,048

(Reacquiring of 104 shares at $87 per share)

September 1, 2020                                     Debit                  Credit

Bank                                                            $5,670

(63*90)

Treasury shares                                                                       $5,481

(63*87)      

Paid in capital                                                                           $189                

(5,670-3,567                                                                            

(Reissuing of 63 shares at $90 per share)

November 1, 2020                                     Debit                  Credit

Bank                                                            $3,403

(41*83)

Paid in capital                                             $164

(3,567-3,403)

Treasury shares                                                                       $3,567

(41*87)      

(Reissuing of 41 shares at $83 per share)

8 0
4 years ago
5. Calculating tax incidence Suppose that the U.S. government decides to charge cola consumers a tax. Before the tax, 35 million
wolverine [178]

Answer:

$4

$1

$3

False

Explanation:

Tax on a case of beer = amount consumers pay after the tax has been levied - amount producers receive = $7 - $3 = $4

Burden of tax on consumers = amount consumers pay after the tax has been levied - amount consumers pay before tax was levied = $7 - $6 = $1

Burden of tax on producers =  Tax charged - Burden of tax on consumers = $4 - $1 = $3

6 0
4 years ago
Sue wants her bow wow facility to be "the best in the camp bow wow system." if she visited an award-winning boarding kennel in n
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Sue would be BENCH MARKING.
Bench marking is the process of comparing one's business processes  and performance metrics to industry best and best practices from other companies. Bench marking is usually done in order to achieve a competitive advantage in an industry.<span />
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3 years ago
Which of the following is an example of an investment in human capital?A. A firm replaces manually controlled production with a
TiliK225 [7]

Answer: Option (B) is correct.

Explanation:

Human capital refers to the stock of capital which includes education, creativity, personality attributes, training, skills and knowledge. All of these were contribute towards human capital. If a firm invest in human capital, its primary objective is to improve the skills and knowledge of the workers which helps them in raising productivity.

7 0
4 years ago
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