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3 years ago

The importance of national income statistics to the government of Ghana

Business

1 answer:

Zarrin [17]3 years ago

5 0

Answer:

Explanation:

Importance of National Income Statistics to the government of Ghana

The importance of national income statistics to the government of Ghana can not be understated.

There are many importance and uses of national income statistics among which includes the following:

1. It shows the standard of living: National income statistics gives an indication of the standard of living of the people of Ghana through the measure of per capita income.

2. For economic policies and planning: The national income statistics is vital for economic policy formulation and planning

3. It gives pattern of expenditures of households: The national income data give an idea of the pattern of expenditure of households

4. Comparison purposes: The per capita income which is obtained from the national income estimate is used to compare the standard of living of Ghana with other countries.

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3 years ago

Compared to a perfectly competitive firm, the demand schedule of a monopolistically competitive firm faces is:________

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Compared to a perfectly competitive firm, the demand schedule of a monopolistically competitive firm faces <u>downward-sloping demand curves</u>.

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1 year ago

On December 31, 2019, the unadjusted credit balance of the Allowance for Overvaluation of Inventories: Hope Branch ledger accoun

Zigmanuir [339]

Answer:

Journal entries

Date Particulars Debit Credit

31, Dec 19 Investment in Branch Office $132,000

To Inventories $110,000

To Allowance for Overvaluation of $20,000

Inventories

31, Dec 19 Profit and loss $18,400

To Investment in Branch Office $18,400

31, Dec 19 Allowance for Overvaluation $10,000

of Inventories

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Workings

1. Unrealized Inter-company Inventory Profit = (132,000/120) * 20 = $22,000

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