BUSINESS HIGH SCHOOL

How do we precisely measure the standard of living in a nation or economy?a. We use GDP only.
b. We use per capita GDP only.
c. We use distribution of income only.
d. No one number is enough

Answers

Answer 1
Answer: The correct answer is letter D. No one number is enough. To precisely measure the standard of living in a nation or economy, then no one number is enough. It is not either measured via the Gross Domestic Product (GDP) or the GDP per capita or Gross National Product.
Answer 2
Answer: The answer is D. No One number is enough

People often think that GDP per capita is enough to measure the standard of living in nation. We Calculated GDP per Capita with this formula :

Total GDP / Total Population.

The thing with using GDP per capita for measuring the standard of living in a nation is cant predict where the GDP came from. What if 90% of the GDP come only from 10 % of the population ? the other 90 % of the population wont be able to reach the living standard.

Thats why we also use the distribution of income

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What is an incentive for a person to contribute to an IDA? It earns the highest interest rates available at a bank. It is good for the government. An organization matches the amount deposited. The interest on the account is not taxed.

Answers

The correct answer for the question that is being presented above is this one: "An organization matches the amount deposited." An incentive for a person in order to contribute to an IDA is that an organization matches the amount deposited.

Answer:

The answer is: An organization matches the amount deposited.

Explanation:

Individual Development Accounts (IDAs) are used by low income savers for predefined purposes such as buying a house or starting a small business. The greatest advantage of IDAs is that another organization (e.g. foundations, government, corporations) agrees to deposit money in the account that match the amount deposited by the saver.

_____ is an economic measure of efficiency that summarizes and reflects the value of the outputs created by an individual, organization, industry, or economic system relative to the value of the inputs used to create them.

Answers

Answer:

The correct answer is productivity.

Explanation:

Productivity can be defined in the most basic way as the efficiency to complete a task. It shows various measures of the efficiency of production.  

Productivity in economics is the ratio of output per unit of input. It can also be referred to as the measure of how efficiently a firm, individual or organization can produce a good or service relative to the inputs used to produce them.

Labor productivity, for instance, shows how efficiently labor can be used to produce a good. It is the ratio of total output produced to total labor employed.

High productivity will typically get you positive attention and feedback when you are on a job. A) True B) False

Answers

I will go with A because you have positive attention so it should be A.
true i think but now all the way sure but try it

What is the failure rate for a franchise? A. 5 percent B. 30 percent C. 50 percent D. 15 percent

Answers

ANSWER:

A. 5

STEP-BY-STEP EXPLANATION:

A few experts deciphered the information to state that over a five-year stretch, 5 percent of units shut. Flip that around, and you have the detail that establishments have a 95 percent achievement rate over a given five years. Here's the trick: The information was not inspected, and since franchisors picked whether to address the inquiries, all things considered, the pool of respondents included more fruitful establishments than ineffective ones.
A. 5 percent
:)
hope it helps

Lucky started a new business last year. Since it was the first year of operation, the business purchased $10,000 in machinery and used the straight-line method for depreciation. Business is booming, so Lucky purchased $15,000 in equipment during the current year to help meet production demands. Which of the following statements is true regarding the depreciation choices available to Lucky? The new machinery can be depreciated under the same method or a different method than the previously purchased machinery T/F

Answers

Answer:

True

Explanation:

The reason is that the Internation Financial Reporting Framework says that though there are choices the company must opt to the depreciation method that brings fairness to the financial statement, which means that the method used calculates the depreciation for the year that actually represents the decrease in the value of the assets in market value. So if the current method brings the fairness to the Financial statements, Lucky can use them and if those don't bring fairness to the financial statements then its better to use alternative which will bring the fairness to financial statements.

Explain the following statement: Although the balance sheet can be thought of as a snapshot of a firm’s financial position at a point in time, the income statement reports on operations over a period of time.

Answers

Answer:

The balance sheet shows the financial position on a specific date. It provides a snapshot of the asset, liabilities and equity position of the company.

whereas in case of income statement it shows the revenues and expenditure incurred during a period of time.

Explanation:
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