All categories

3 years ago

How can gdp per capita and poverty rates indicate standards of living in each system?

Business

1 answer:

katen-ka-za [31]3 years ago

6 0

Answer:

both measures that can be used to measure standards of living because they are both measures of how much money people have.

Explanation:

I hope this helped

You might be interested in

When there is a technological advance in the ice cream industry, consumer surplus in that market will?

Nina [5.8K]

When there is a technological advance in the ice cream industry, consumer surplus in that market will increase.

Technology is the result of accumulated knowledge and the application of skills, methods, and processes used in industrial production and scientific research. Technology is embedded in the operation of all mechanical and electronic devices, with or without detailed knowledge of their function, for the intended purpose of an organization. The technology of society consists of so-called systems. A system works by taking input, modifying that input through what is called a process, and producing a result that achieves the intended purpose of the system.

The earliest and simplest form of technology is the development of knowledge leading to the application of basic tools. The prehistoric invention of carved stone tools and the discovery of ways to control fire increased the food sources available to humans. This led to mobile technologies that helped exchange information and raw materials more quickly. Humanity then proceeded to develop the printing press, telephones, computers, and the Internet.

Learn more about technology here: brainly.com/question/25110079

#SPJ4

6 0

2 years ago

A variable that likely is incorporated in the error term is A. the variable cost of production. B. the fixed cost of production.

atroni [7]

Answer:

A. The variable cost of production

Explanation:

An error term is a residual variable produced by a statistical or mathematical model, which is created when the model does not fully represent the actual relationship between the independent variables and the dependent variables. As a result of this incomplete relationship, the error term is the amount at which the equation may differ during empirical analysis.

The error term is also known as the residual, disturbance, or remainder term, and is variously represented in models by the letters e, ε, or u.

6 0

3 years ago

Blossom Corporation is authorized to issue 49,000 shares of $5 par value common stock. During 2017, Blossom took part in the fol

Tanzania [10]

Answer:

See explanation section

Explanation:

Requirement A

Debit Cash $194,600

Credit Common stock - Par value $ 22,500

Credit Common stock - Additional paid-in-capital $172,100

Calculation:

Cash: 4,500 shares × $45 = $202,500

As the company's par value is $5,

Common stock - Par value: 4,500 shares × $5 = $22,500

As the market value of the stock is $45, the additional stock value = $45 - $5 = $40. Moreover, the company has issuance cost of $7,900

Additional common stock apart from par value minus the issuance cost = ($4,500 shares × $40) - $7,900 = $180,000 - $7,900 = $172,100.

The company issue common stock with a market value of $45 and issuance cost of $7,900 in exchange of cash.

Requirement B

Debit Land $50,600

Credit Common stock - Par value $ 5,500

Credit Common stock - Additional paid-in-capital $45,100

Calculation:

Land: 1,100 shares × $46 = $50,600

As the company's par value is $5,

Common stock - Par value: 1,100 shares × $5 = $5,500

As the market value of the stock is $46, the additional stock value = $46 - $5 = $41.

Additional common stock apart from par value = ($1,100 shares × $41) = $45,100.

Although the land is appraised for $49,000, due to the increased market price stock, it is valued more.

The company issue common stock with a market value of $46 in exchange for land.

Requirement C

Debit Treasury Stock $19,270

Credit Cash $19,270

Purchasing share from the stock market is known as treasury stock.

Calculation: Treasury stock = 470 shares × $41 = $19,270

Debit Cash $17,860

Credit Common Stock - par value $2,350

Credit Common stock - Additional paid-in-capital $15,510

Calculation:

As the company's par value is $5,

Common stock - Par value: 470 shares × $5 = $2,350

Additional common stock apart from par value = $470 shares × ($38 - $5) = $15,510.

The company issue common stock with a market value of $38 after purchasing those treasury stock at $41 per share.

3 0

4 years ago

Based on this research, which activity is this

Aneli [31]

Answer: conducting lectures in sustainable agriculture

Explanation: the description states that they help with environmental rights there for leading to agriculture and showing why they would support this activity

5 0

3 years ago

Connor and Duncan have two passions: video games and economics. The two have an ongoing debate: Connor argues that video game co

LuckyWell [14K]

Answer:

d. Patents give firms an incentive to spend money on research and development.

Explanation:

Connor argues that the consumers are worse off due to the high prices as a result of patents. The prices would be much lower if patents were not applicable because the MC per unit is always low.

But as Connor argues patents provide an uncentive to producers to invest in R & D whch benfits the consumers in the LR both in terms of product variety and cost reduction.

8 0

3 years ago

How can gdp per capita and poverty rates indicate standards of living in each system?​

How can gdp per capita and poverty rates indicate standards of living in each system?