subject
Business, 29.06.2019 04:20 keenonwhite2612

Assume that the government uses a fixed-weight method for calculating real gdp. suppose that in the year after the base year, some prices go up a lot but others go down a little. the problem with the fixed-weight method for calculating gdp in the second year is that: a. consumers substitute the now relatively more expensive goods for the now relatively less expensive goods, but the fixed-weight method values all purchases at base year prices. b. consumers substitute the now relatively less expensive goods for the now relatively more expensive goods, but the fixed-weight method values all purchases at base year prices. c. consumers are forced to buy higher-priced goods and services, even though some prices have fallen. d. the fixed-weight method uses the second year prices to calculate real gdp and thus overstates real gdp.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 21:40
The economic advisor of a large tire store proposes the demand function d(p)equalsstartfraction 1900 over p minus 40 endfraction , where d(p) is the number of tires of one brand and size that can be sold in one day at price p. answer parts (a) through (e) below. a. recalling that the demand must be positive, what is the domain of this function? the domain consists of all possible values of ▼ for which ▼ p d(p) ▼ does not exist. is positive. is zero. is negative. exists.
Answers: 3
question
Business, 22.06.2019 20:40
Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.
Answers: 2
question
Business, 22.06.2019 23:50
Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $360,000; cash paid for rent, $44,000; cash paid to employees for services rendered during the year, $124,000; cash paid for utilities, $54,000.in addition, you determine that customers owed the company $64,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year period.calculate accrual net income for the year.
Answers: 2
question
Business, 23.06.2019 01:30
Akika corporation started as a small firm and has grown substantially in the past decade. its interests span from electronics to real estate and aviation. akika's board of directors have now decided to create independent business units for and categorize the actions performed under each domain. each business unit will have distinct roles and responsibilities. which of the 14 principles of fayol does this exemplify?
Answers: 3
You know the right answer?
Assume that the government uses a fixed-weight method for calculating real gdp. suppose that in the...
Questions
question
English, 25.11.2020 23:10
question
Mathematics, 25.11.2020 23:10
question
Geography, 25.11.2020 23:10
question
Chemistry, 25.11.2020 23:10
question
Mathematics, 25.11.2020 23:10
question
Mathematics, 25.11.2020 23:10
Questions on the website: 13722360