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Korolek [52]
3 years ago
13

Do you think GDP is the best indicator to measure the living standard of a country? Justify your answer (4 marks)

Business
1 answer:
seraphim [82]3 years ago
7 0

Explanation:

GDP is an indicator of a society's standard of living, but it is only a rough indicator because it does not directly account for leisure, environmental quality, levels of health and education, activities conducted outside the market, changes in inequality of income, increases in variety, increases in technology,

GDP is an accurate indicator of the size of an economy and the GDP growth rate is probably the single best indicator of economic growth, while GDP per capita has a close correlation with the trend in living standards over time.

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An employee receives a phone call from someone saying they are from the bank. The person claims the purpose of the call is to ve
Ket [755]

If a person receives any call, messages or emails and verify online security information, including passwords and account numbers, it is known as phishing.

<h3>What does phishing mean?</h3>

Phishing refers to the social engineering attack that is often used to steal and get the user data which may includes login credentials, credit card numbers, OTP etc.

It is an online attacking activity when criminals use scam and fake emails, text messages or phone calls to steal the information about the people in order to hack their accounts.

Basically, phishing is a cyber crime.

Learn more about phishing here:-

brainly.com/question/24156548

#SPJ4

8 0
2 years ago
Alfonso had hoped to be a professional artist. Painting is his medium, and he specializes in large canvases. While his art is qu
ella [17]

Answer:

- doing online commissions

- Doing house paintings

- Creating a video content online.

Explanation:

- doing online omissions

In this business model Alfonso need to use some sort of website or social medias to promote his skill and services. He need to gathered request from online customers and paint according to their online request

- Doing in house paintings

IN this model, Alfonso will receive house calls from the customers. Alfonso need to come to the customer';s house and draw a portrait of the customers or their family.

- Creating a video content online.

Alfonso could also create online videos about painting tutorial or a follow along video. He can gained profit through ads or sponsors.

8 0
3 years ago
The income statement of Sheffield Corp. for 2020 included the following items: Interest revenue $137000 Salaries and wages expen
Gnoma [55]

Answer:

$133,800

Explanation:

Calculation for The cash received for interest during 2014

Using this formula

2014 Cash received for interest=Interest revenue-2014 Interest receivable+2013 Interest receivable

Let plug in the formula

2014 Cash received for interest=$137,000-$18,200+ $15,000

2014 Cash received for interest=$133,800

Therefore The cash received for interest during 2014 was:$133,800

4 0
3 years ago
A loan is amortized over five years with monthly payments at an annual nominal interest rate of 9% compounded monthly. The first
Lelechka [254]

Answer:

$7,112.73

Explanation:

We can use the financial calcualtor and some formulas or use the easy way and use excel goal seek.

We contruct the table and find the value of the principal cell that makes the principal after 60 payment zero with payment of $1,000 decreasing 2% each month

the following is made:

A1 period    

1 to 60  

B1 couta

1,000 x (power(0.98;period cell)

C1 interest

previous principal x 9/1200

D1 amortization B1 - C1 that is installment less interest

E1 principal: previous principal - current period amortization

--loan schedule is attached to provide more help--

6 0
3 years ago
There is a production possibilities frontier (PPF) that shows the combinations of goods X and Y that can be produced in the econ
erastova [34]

Answer:

B. shifts rightward, and the point at which the PPF touches the good-X axis has to be something more than 40 units of good X and the point at which the PPF touches the good-Y axis has to be something more than 60 units

Explanation:

PPF is the graphical representation of two goods combinations which an economy can produce given resources & technology.

It is downward sloping because of two goods inverse relation given same resources & technology.

The points at which PPF touches both axis represents maximum amount of that axis good which can be produced by given resources & technology , Points on PPF reflect full efficient utilisation of resources. Points inside PPF reflect underutilisation of resources. Points outside PPF reflect unattainable combinations outside economy's productive capacity, given resources & technology unless either of them grow.

Resource increase usable for production of both goods: shifts the PPF outwards/ rightwards & the maximum potential production of both goods increases. PPF touching axis points increases from pervious at each axis - more than 40 at good X axis, more than 60 at Y axis.

7 0
4 years ago
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