The difference between nominal GDP and real GDP is that:
a. real GDP adjusts the value of good...
The difference between nominal GDP and real GDP is that:
a. real GDP adjusts the value of goods for changes in the price level and nominal GDP does not.
b. nominal GDP adjusts the value of goods for changes in the price level and real GDP does not.
c. real GDP accounts for foreign production in a country and nominal GDP does not.
d. nominal GDP accounts for foreign production in a country and real GDP does not.
Answers: 3
Business, 22.06.2019 12:10
The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)
Answers: 1
Business, 22.06.2019 12:20
If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation
Answers: 3
Business, 22.06.2019 20:00
Experienced problem solvers always consider both the value and units of their answer to a problem. why?
Answers: 3
Business, 22.06.2019 23:00
How an absolute advantage might affect a country's imports and exports?
Answers: 2
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