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2 years ago

1.Why is GDP / Capita a more accurate way of determining the well-being of a people?

Business

1 answer:

Vesnalui [34]2 years ago

5 0

Answer:

1. GDP is an indicator of a society's standard of living, but it is only a rough indicator because it does not directly account for leisure, environmental quality, levels of health and education, activities conducted outside the market, changes in inequality of income, increases in variety, increases in technology. 2. Real GDP is accurate to hundreds of dollars; nominal GDP is accurate to thousands of dollars. 3. Nominal GDP is an assessment of economic production in an economy that includes current prices in its calculation. 4. The four stages of the cycle are expansion, peak, contraction, and trough. Factors such as GDP, interest rates, total employment, and consumer spending, can help determine the current stage of the economic cycle. Insight into economic cycles can be very useful for businesses and investors.

Explanation:

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Which best describes what financial planning skills ultimately enable an individual to do

Liula [17]

Answer:

Prepare for the future

Explanation:

Personal financial planning is the term used to describe the way an individual or a family manage their finances to meet their short-term and long-term goals. It involves developing personal financial goals and making plans on how to achieve them.

In developing and making plans, an individual considers the current and expected future income, present and expected expenditures such as medical health insurance expenses and school fees. An individual may opt to engage the services of a personal finance manager who advances on the savings and investments required to achieve the intended goals. Financial Planning Planning assists one prepare for the future.

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3 years ago

Read 2 more answers

A change from an inefficient mix to an efficient mix of output would best be represented with a production possibilities frontie

barxatty [35]

It would be best presented as movement from inside the PPF onto the PPF
The curve of The production possibility frontier (PPF) will show the curve that project/depict the possibilities for maximum output possibilities for two different goods. The projection that shown by the PPF is created with the assumptions that all resources are used efficiently.

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3 years ago

Presented below is the adjusted trial balance of Splish Brothers, Inc. at December 31, 2017. Debit Credit Cash $ ? Supplies 1,33

igomit [66]

Answer:

Cash $ 5710

Total debit side $ 199200 Credit side $ 199200

Explanation:

We list the correct accounts at the right side. First we add up the credit side to find the total and then subtract the debit side from it to get the cash amount as the debit and credit side of the trial balance must be equal.

Splish Brothers, Inc.

Adjusted trial balance

December 31, 2017.

Debit Credit

Cash $ 5710

Supplies 1,330

Accounts Receivable 3,580

Prepaid Insurance 2,620

Equipment 80,160

Accumulated Depreciation—Equipment $20,100

Trademarks 3,760

Accounts Payable 3,220

Salaries and Wages Payable 920

Unearned Service Revenue 1,060

Bonds Payable (due 2024) 31,880

Common Stock 2,120

Additional paid-in capital 15,160

Retained Earnings 14,720

Service Revenue 30,040

Salaries and Wages Expense 14,080

Insurance Expense 2,400

Rent Expense 3,260

Interest Expense 2,320

Total $ 199200 $ 199200

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3 years ago

Write in detail about the programmes of the institute of agriculture and animal science

vodka [1.7K]

Answer:

The mission of the institute is to promote agricultural science and to train manpower for agricultural development focusing on teaching, research and extension.

Explanation:

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1 year ago

A sentence that summarily describes the target market and defines what a company wants customers to think about its brand is the

MaRussiya [10]

This is called a Positioning Statement

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2 years ago