The GDP is measure that includes in it all of the final goods that have been produced in a particular economy, in a particular time frame, most commonly one year. This includes the investments, cost in infrastructure, additions to private inventories, all of the public and private consumption, government outlays, as well as the foreign trade balance. The GDP can be a good indicator about an economy, but it can also be misleading. It is a measure that is also often used to describe the economic power and the living standard of the countries, but that is not a good idea as the GDP is not a good indicator for it and gives wrong perception more often than not.
Answer:
B. I prefer taking the subway to work rather than driving because of high fuel prices.
Explanation:
I prefer taking the subway to work rather than driving because of high fuel prices describes a perfectly inelastic demand.
It is the Border Gateway Protocol (BGP) is an institutionalized outside door convention intended to trade steering and reachability data among self-sufficient frameworks on the Internet. The convention is frequently named a way vector convention yet is once in a while likewise classed as a separation vector steering convention.
Answer:
1.Jan 01 Dr Cash 360,000
Cr Notes payable 340,000
2.Interest expense 28,800
Principal Reduction 61,364
Explanation:
MM Co.
1 . Journal entry
Since MM Co. borrows $360,000 cash on January 1 from a bank this means we have to
Debit Cash with the amounts of money he borrowed which is $360,000 and Credit Notes Payable with the same amount.
Jan 01 Dr Cash 360,000
Cr Notes payable 340,000
2. Calculation of the amount goes toward interest expense and Principal reduction
Interest expense 28,800
(360,000*8%)
Principal Reduction 61,364
(90,164-28,800)
