Answer:
False
Explanation:
The consumer price index (CPI) is calculated by using a basket of goods, not all the goods and services produced in the year.
The CPI formula = (current price of CPI basket / base period's price of CPI basket) × 100
When we compare current CPI with last year's CPI we can calculate the inflation rate for the year.
The GDP deflator is also used to calculate the inflation rate. The main difference with the CPI is that the CPI might include foreign goods while the GDP deflator doesn't include foreign goods. Usually the deflator and the CPI are the same, but theoretically they could be different, but in general practice they are not.
Answer: Option A
Explanation: In simple words, perfect competition refers to market structure in which there are large number of participants each operating at small level.
The prices of commodities in such markets are determined by the forces of demand and supply as no individual participant is able to influence the price on his or her own.
Thus, the statement depicting Jill not able to decrease price even after increase ins supply depicts perfect completion.
Answer: product platform
Explanation:
Product platform is simply referred to as the common elements regarding the products of a company. When a new product is introduced into a particular market, the existing elements can be used.
Since Boeing's 737 airplane and Hewlett-Packard's printer business are examples of using enhancements and migrations of existing products, the product platform is attributable here.
Answer: $180
Explanation:
From the question, Federal Bank of America has loaned $9,000 to Southgate Animal Hospital, using a 90-day non-interest-bearing note. The bank discounted the note at 8%.
Therefore, the debit to Discount on Notes Payable in the general journal will be:
= $9,000 × 8% × 90/360
= $9,000 × 8/100 × 1/4
= $9,000 × 0.08 × 0.25
= $180
The correct answer is $180
It should be noted that we used 360 days for a year.
The growth rate in India on the eve of independence was 0.5% per annum.
<h3>What is independence?</h3>
Independence refers to the act of getting free from controlling of the dominating or ruling parties.
On the eve of independence, the economy was sluggish, and agriculture was the main activity that sparked growth. The colonial authorities made no serious attempt to assess India's national and per capita GDP.
Therefore, it can be concluded that 0.5% p.a. was the growth of the India at the time of independence.
Learn more about Independence here:
brainly.com/question/27765350
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