Answer:
The statement that is correct is;
d. The 2015 sale reduced 2015 GDP by $20,000 and had no effect on 2007 GDP.
Explanation:
GDP is known as the Gross Domestic Product. The GDP is a measure of the quantity of goods and services that are produced in a country during a certain period in time. The GDP is usually expressed in monetary terms. A high GDP usually translates to high levels of production. It is often used to determine how wealthy a country is in relation to the production capabilities. To determine a change in GDP, we need to determine the Net national product as follows;
NNP=GDP-D
where;
NNP=net national product
GDP=gross domestic product
D=depreciation
In our case;
NNP=$255,000
GDP=$275,000
D=d
replacing;
255,000=275,000-d
d=275,000-255,000=20,000
The depreciation=$20,000
The 2015 sale reduced 2015 GDP by $20,000 and had no effect on the 2007 GDP.
Answer:
The correct answer is option b.
Explanation:
President Bigego is claiming that more people are working after he too office.
Senator Pandor claims that the unemployment rate has increased after Bigego took office.
Both of them can be right. Unemployment and the number of people working both can increase at the same time. If the labor force increased overtime, the number of people working can increase.
Though if the growth of employment is slower than the growth of the labor force, then unemployment will increase as well. This is because with the increase in labor force number of workers will increase but slower employment growth will create fewer jobs. So, unemployment will increase.
Answer:
$415 underapplied (debit balance)
Explanation:
Predetermined OH rate =
$116,500/$124,500 = 93%
OH applied = $114,500(.93)
= $106,485
Applied $106,485– Actual $106,900
= $415 underapplied (debit balance)
Therefore the entry to close the over- or underapplied overhead at year-end, assuming an immaterial amount, would include $415 underapplied (debit balance)
The statement "Place is what a customer must give up in order to receive the benefits" is: False.
<h3>What is Marketing mix?</h3>
Marketing mix is a marketing strategy and can be defined as those instrument that a company or an organization make use of so as to acheive their marketing aims and objective.
The statement is False because customers have to give up price so as to make it possible for them receive the benefits offered by the rest of a firm's marketing mix.
Therefore the statement is false.
Learn more about Marketing mix here:brainly.com/question/859394
The price of a camera decreases from $200 to $180, and in response to the price change the quantity demanded increases from 60 to 70 units. Therefore, demand for cameras in this price range is inelastic.
An economic word known as "inelasticity" describes an item or service's unchanging quantity when its price varies. When prices rise, consumers' purchasing patterns essentially stay the same, and when prices fall, those same purchasing patterns still hold true. This is known as inelastic demand. When an item or service's quantity remains constant when its price increases, it is said to be "inelastic. "When a good or service's price increases or decreases, consumers' purchasing patterns essentially stay the same. The same is true when the price of the good or service decreases. The demand for an item or service that is totally inelastic would not fluctuate regardless of price; however, no such good or service exists. Elastic contrasts with inelastic.
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