The GDP deflator in year 2 is 95 using year 1 as a base year. This means that, on average, the price of goods and services is Group of answer choices 105% higher in year 2 than in year 1. 5% higher in year 2 than in year 1. 105% higher in year 1 than in year 2. 5% higher in year 1 than in year 2.

Answers

Answer 1

Answer:

5% higher in year 1 than in year 2.

Explanation:

As we know that the GDP deflator in year 1 or in base year it should always be 100

Also the GDP deflator in year 2 is 95

Now as we can see that the GDP for year 1 is more than GDP for year 2 by 5%

Therefore in year 1, it is 5% higher than in year 2

So, the last option is correct

hence, the same is to be considered


Related Questions

Eric and Chris run a non-regulated natural monopoly producing electricity for a small town. The barrier most likely preventing other firms from competing with her is

Answers

Answer:

increasing returns to scale

Explanation:

The biggest barrier for other firms are increasing returns to scale. This is because Eric and Chris have their company already established and also have their clientele all hooked up and using their service. This allows them to produce a much higher electrical output for their clients with a certain Income. Newer companies will need a much higher income just to be able to produce a similar electrical output in order to try and compete with Eric and Chris.

Liz just completed a Client Needs Assessment and her client
confirmed that he will require profitability tracking, and need to
create budgets and purchase orders in his accounting solution.

Answers

Answer:

QuickBooks Online Plus

The question and multiple-choices

What is the minimum QuickBooks Online version suitable for Liz's client?

QuickBooks Self-Employed QuickBooks Online Simple Start QuickBooks Online Essentials QuickBooks Online Plus QuickBooks Online Advanced Previous

Explanation:

QuickBooks Online Plus is an advanced feature that small business requires to make better management decisions pertaining to their business. The needs of Liz's client of tracking profitability and the need to create budgets can be meet by installing QuickBooks Online Plus.

Other features of QuickBooks Online Plus include

Keep track of financial records, such as invoices and statements.Update and reconcile payments automatically.Generate accurate estimates and convert them into invoices.Estimate project profitability by taking into account cost factors such as labor and job cost expenses. Automate workflows with rule-based reminders

That realm of activity that lies between the state and the market, including the family, schools, community associations, and non-economic institutions, is known by social scientists as

Answers

Answer: civil society or civil culture

Explanation:

Civil society simply has to do with the individual in the society sharing a common interests and having a value and purpose that is different from the government and the profit motive of the market.

The actors in a civil society enhance community participation in service provision and also in policy decision making. This brings about a democratic society that is vibrant.

When does information become as liability for an organization

Answers

Answer:

after college hope it help :)

Explanation:

Answer:

when it is not managed properly

Explanation:

PLATO

Darcy is a new manager in a large consulting firm. As one of her first task she needs to set goals for her team

Answers

Answer: Bottom-up

Explanation:

Bottom-up also known as top down approach, is the approach of going from general to the specific, also from specific to the general. They are possible approach for a wide range of endeavors such as goal getting, forecasting and setting busgets

Darcy can use the Bottom-up approach to set up her team.

Chez Dove is an independent coffeehouse/bookstore that went bankrupt only eight months after opening due to an unexpected demand for cash to fix a leaking roof. Better cash _____ might have allowed the business to continue operation.

Answers

Answer:

Management

Explanation:

Better cash management ensures survival of any firm if well handled and managed.

A Cash Management Strategy includes the use of Banks, Saving & Loan Associations, Credit Unions, and other financial institutions provide a variety of financial services or the use of Account services provide customers with online banking offering deposits, investments, credit cards, loans, mortgages, rewards programs and others.

Effective Cash Management Rules involves: balancing your checkbook regularly and Pay your bills on time

And others.

Business is termed as the economic activity that includes the transactions of the exchange of goods and services in terms of cash or monetary currencies. These transactions are possible only by the existence of financial transactions.  

The correct answer for the blank is Management

Banks, Savings banks, Credit Unions, and other financial institutions provide a variety of financial services, while Accounts services give consumers access to internet transactions that include deposits, investments, lines of credit, loans, mortgages, or reward schemes, among other things.

Consistently balancing your ledger and paying your payments on time are two effective cash management rules.

To know more about cash management, refer to the link below:

https://brainly.com/question/16928287

It is not advisable for a worker who is satisfied with their job to improve their skills. Please select the best answer from the choices provided T F

Answers

Answer: False

Explanation: I just took the practice test

Answer:

False

Explanation:

Las ventas a crédito originan siempre: (una única respuesta correcta) 10 -5 Un activo para el comprador y un pasivo para el vendedor. Un beneficio para el vendedor. Un gasto para el comprador. Un activo para el vendedor y un pasivo para el comprador.

Answers

Answer:

Un activo para el vendedor y un pasivo para el comprador.

Explanation:

Si registramos una venta a credito tenemos la siguiente transaction desde el punto de vista del vendedor:

D Cuentas por cobrar XY

    C Ventas XY

Se genera un activo

Si registramos la transaction desde el punto de vista del comprador:

D Activo XY

    C Cuentas por pagar XY

Aca generamos una pasivo

Many catalog companies create special-run issues based on what customers have purchased in the past. For example, customers who frequently order bedding items like sheets and pillows receive a catalog with a larger section of bedding items than do customers who mostly order kitchen tools. These special issues are an example of

Answers

Answer:

customer relationship management.

Explanation:

Note, the application of customer relationship management allows a business organization to easily monitor their customer's buying bahavior in the past in other to properly attend to their future needs.

By tracking customers who frequently order bedding items like sheets and pillows, the organization (by means of customer relationship management) was to able to study trends in their buying behavior in other efffectively market their products to the consumers.

What are 2 different payments relating to insurance that are used for almost all kinds of insurance?

Answers

Answer:

credit or debit?

Explanation:

At what production level are you making the greatest profit?

Answers

Answer:

Pair 3 and 4 marginal cost of production are the lowest, so probably 4 is your answer.

Explanation:

Define business office and explain its types with main features​

Answers

Answer: Business is an economic activity that involves the exchange, purchase, sale or production of goods and services with a motive to earn profits and satisfy the needs of customers. Businesses can be both profit or non-profit organizations that function to gain profits or achieve a social cause respectively.

Hope this helps....... Stay safe and have a Merry Christmas!!!!!!!! :D

Explanation:

What are two examples of Intellectual property?

Answers

Answer:

Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.

Explanation:

what is business and what is occupation​

Answers

Answer:

Business:

A person's regular occupation, profession, or trade.

Occupation:

A job or profession.

Explanation:

I looked them up in a dictionary.

Please mark me brainliest! I need it! Please!

Does holiday shopping boost the economy? And why?

Answers

Explanation:

Christmas is typically the largest economic stimulus for many nations around the world as sales increase dramatically in almost all retail areas. ... These holiday sales reflected about 19.2 percent of the retail industries total sales that year. Supply and demand is quite prevelant during the holiday season. Merchants know that shoppers will often put off shopping until time becomes an issue and demand more for goods that are shown to be “hot” or in short supply. In some cases manufacturers will create demand by under producing items.

Answer:

Yes it does.

The holiday period can be from November to January, where there are tons of consumers shopping to buy gifts. Robust shopping by the American consumer is now the primary engine powering economic performance.

Consumer spending drives a significantly large part of U.S. GDP. This makes it one of the biggest determinants of economic health.

There are academics who uphold the argument for more public holidays to boost growth - this makes sense since leisure spending is a significant part of consumption.

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The demand for money curve shows that there is an inverse relationship between interest rate and
A.quality of money supplied
B. Price level
C. Gross domestic products
D.quantity of money demanded

Answers

Answer:

D.quantity of money demanded

Explanation:

Just is

Answer:

quality of money supplied is the answer

On December 31, Cruise Company has 18,000 units of an inventory item, which cost $46 per unit when purchased on June 15. The selling price was $86 per unit. On December 30, the net realizable value was $48 per unit. At what amount should the 18,000 units of inventory be reported at on the December 31 balance sheet

Answers

Answer:

the inventory be reported at on the December 31 balance sheet is $828,000

Explanation:

Here the inventory should be recorded at lower of cost or net realizable value

Since the cost per unit is $46

And, the net realizable value is $48

So, the lowest cost per unit is $46

Now the ending inventory reported is

= 18,000 units × $46 per unit

= $828,000

hence, the inventory be reported at on the December 31 balance sheet is $828,000

Shawna offers to type Philip's research paper at the price of $6 per page. Philip's paper will be 20 pages long and will cost him a total of $120. Shawna wants a deposit of $60 before she agrees to begin typing. Philip does not know if he has enough money to pay Shawna and states that he will contact her tomorrow regarding her offer. Shawna has second thoughts regarding Philip's ability to pay her for the services. Shawna calls Philip and withdraws her offer before Philip accepts it. She is able to do this because she has the right of

Answers

Answer:

Revocation

Explanation:

Based on the information given She is able to do this because she has the right of REVOCATION which means the right to cancel , terminate, withdraw or bring a contract to an end due to some reason just as the case of Shawna and Philip's in which we were told that Shawna had a second thought on wheither Philip's will have the ability to pay her for the services she is about to rendered to him by deciding to calls Philip in order to withdraw her offer before Philip accepts it.

Therefore Shawna is able to withdraw her offer because she has the right of REVOCATION

When should you replenish a petty cash fund?


every week


at the end of the month


when it has reached a certain dollar amount


both b and c

Answers

Answer:

both b and c

Explanation:

A Petty Cash Fund is a convenient way of paying for small transactions.  It is mostly applied when making payment using other methods is unreasonable. The money spent should be replenished at least once to take the Petty Cash Fund back to its approved balance. Replenishment is also done when the dollar balance goes below a set level. Replenishing allows the petty cash fund to operate as intended.

In a _____ plant strategy, plants have the flexibility and capability to produce a range of products. This leads to greater responsiveness to market changes, though at slightly lower levels of productivity.

Answers

Answer:

The correct answer is general-purpose.

Explanation:

When it comes to general-purpose plant strategies, it allows plants to be more flexible than usual and produce a whole variety of products, instead of just focusing on one or few products. This way, plants can diversify easily and cater to their clients' needs and be far more productive and successful.

Please post detailed answers to the following questions. Please use complete sentences.

You may have noticed that honesty and ethics are important in finance and business careers. Why is this so important?

Answers

Answer:

see below

Explanation:

Ethics are a set of regulations and that guide people's behaviors. They are a set of generally accepted behavior in society. Ethics in business refers to the deliberate efforts to do the right thing.

Honesty and ethics are important in finance and business careers due to the following reasons

Asset Protection and Assurance

Finance and business professionals deal with sensitive information.  They have access to financial records, accounting records, and personal shareholders and employees' records. Honesty and integrity are essential to ensure that the reports they present are accurate and reliable.

The majority of fraudulent activities originate from finance and business departments. Having employees of high integrity in those units will help protect business assets and assure the reliability of financial data.

  2. Public Image and Brand Value Increases

Honest and ethical workers add to the goods reputation of a company. Business partners and customers will feel more confident transactions with the company. The company's brand image and value increase in the eyes of the public.

3. Team Work develops:

Honest workers have a relatively easy time working with others. Teamwork increases when employees work responsibly and as expected.

Variable costs are
O the costs related to the product that have to be paid regardless of the amount you sell
the costs that change depending on a company's performance
O the costs resulting from a business owner's choice when selecting one thing over another and how it will impact the business
O none of the above
Next
HELP PLS

Answers

Answer:

the costs that change depending on a company's performance

Explanation:

Variable costs refer to the costs that fluctuate with the level of production. An increase or decrease in the output level results in variable costs moving in the same direction. If the business stops production, the variable costs will be nil.

Raw materials and packaging costs are good examples of variable costs. The more a company produces, the more materials it consumes, and the higher the costs of purchasing the materials.

Answer:

Costs that change depending on companys performance

Explanation:

EDGE 2021 Entreprenuership Test

I need 5 skills needed to do this

Answers

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Leisure Time Corp. follows the practice of paying all employees for vacation. The vacation pay is not vested, but it carries over for one year if unused. The obligation for earned but unused vacation should be

Answers

Answer:

Accrued as a current liability

Explanation:

From the question we are informed about Leisure Time Corp. which follows the practice of paying all employees for vacation. The vacation pay is not vested, but it carries over for one year if unused. In this case The obligation for earned but unused vacation should be Accrued as a current liability. current liabilities in accounting are liabilities in the firm that involves cash when settling it, in the fiscal year as well as operating cycle of a particular company

2. Marcus Gardner is buying a new computer
for $1,299.50. He made a 12% down pay-
ment. How much money did he put down?
A $155.94
B $120.00
C $212.84
D $420.50
(Step by step ) plz

Answers

Answer:

A $155.94

Explanation:

A down payment is an initial payment that is paid cash to the buyer. It is the same as the deposit. Marcus must have been buying the compute of credit. The down payment or deposit shows that the customer is serious about buying the item.

The deposit that Marcus paid is 12%.

The cost of the new computer is $1,229.50

The deposit will be 12% of $1,229.50

=12/100 x $1,229.50

=0.12 x $ 1,229.50

=$155.94

Suppose that a competitive firm hires labor up to the point at which the value of the marginal product equals the wage and that labor is the only input that varies for the firm. If the firm pays a wage of $700 per week and the marginal product of labor equals 35 units per week, then the marginal cost of producing an additional unit of output is

Answers

Answer:

$20

Explanation:

Calculation for the marginal cost of producing an additional unit of output

Using this formula

Marginal cost=Wage per week/Marginal product of labor

Let plug in the formula

Marginal cost= $700 per week/35 units per week

Marginal cost= $20

Therefore the marginal cost of producing an additional unit of output is $20

In this text, Grady is expressing high hopes based on the South's A. capital investment and labor base. B. social system and new diversified industry. C. new diversified industry and capital investment. D. social system and labor base.

Answers

Answer: social system and new diversified industry

Explanation:

Based on the text, we can derive the information that in the past, the South was about slavery and secession but that it's dead.

The new South is about union and freedom which represents a perfect democracy, and there is a social system that is closely knitted and compact and a diversified industry. Therefore, Grady is expressing high hopes based on the social system and the new diversified industry.

Which expression is equivalent to 12(3 + m)? Group of answer choices 36 + 12m 3m + 12m 36m 36 + m

Answers

Answer:

36 + 12m

Explanation:

The first step is to solve the expression be removing the bracket

12(3+m)

36 + 12m

Hence 36+12m represents the expression

How does the speaker apply the scientific method to marketing? Explain.

How does the speaker apply entropy to marketing? Explain.

In what way does the speaker say marketing has changed in the last 20 years? Does he believe this is a positive or negative change? Explain.

30 Points

Answers

Answer:

How does the speaker apply the scientific method to marketing? Explain.

He says that 1 bad week of marketing or a screwup can corrupt the whole company and make the overall image of the company a bad one. He compares this with science by saying that one bad data point can ruin your whole hypothesis or theory,

How does the speaker apply entropy to marketing? Explain.

"This says that entropy, which is a measure of the disorder of a system, will always increase. The same is true of marketing. If we go back 20 years, the one message pretty much controlled by one marketing manager could pretty much define a brand. But where we are today, things have changed. You can get a strong brand image or a message and put it out there like the Conservative Party did earlier this year with their election poster. But then you lose control of it." He is basically saying that the situation will get worse and worse over time if you don't fix the situation. He applies this to marketing by saying that you can have a strong image at the beginning but if you do not maintain it then it will only get worse and worse over time.

In what way does the speaker say marketing has changed in the last 20 years? Does he believe this is a positive or negative change? Explain.

It doesn't seem like he thinks that it improved or got worse. He made it seem like we have to adapt more to the situation that we may find ourselves in when it comes to marketing. He is definitely more on the positive side though.

Explanation:

Someone please help will mark as brainliest

Answers

Answer:

1. B

2. D

3. C

4. A

Explanation:

Happy Holidays :)

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