True, the consumer sector is typically the most significant part of the macroeconomy, often contributing the largest portion to a country's Gross Domestic Product (GDP). For example, in the United States, consumer spending usually equates to about two-thirds to 70% of the country's total GDP.
True. In most economies, the consumer sector is indeed the largest part of the macroeconomy. The macroeconomy is the sum total of all economic activity within a given region, usually a country, and the consumer sector is the component of that total that is made up of private, individual (household) consumption of goods and services. The consumer sector often accounts for the largest contribution to a country's Gross Domestic Product (GDP), a measurement of the size of an economy. For instance, in the United States, consumer spending typically makes up about two-thirds to 70% of its total GDP. Therefore, the consumer sector plays a significant role in economic growth and stability.
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Answer:
The correct option is C.
Explanation: Price elasticity is the measure of the rate of change in the level of quantity demanded due to a change in the level of price.
Price elasticity is usually negative, this means that it follows the law of demand; as price increases quantity demanded decreases.
Also, another incidence that can affect price elasticity is an availability of cheaper alternatives. If cheaper alternatives of a particular product are introduced into the market, the demand for that product will reduce, because consumers will abandon it for its cheaper alternatives, thereby driving the elasticity of that product higher.
Therefore, in the scenario given above, the elasticity is higher than -1.2 because there are new brands that have just been introduced into the market.
c. The 2015 sale affected neither 2007 GDP nor 2015 GDP.
d. The 2015 sale reduced 2015 GDP by $20,000 and had no effect on 2007 GDP.
Answer:
The statement that is correct is;
d. The 2015 sale reduced 2015 GDP by $20,000 and had no effect on 2007 GDP.
Explanation:
GDP is known as the Gross Domestic Product. The GDP is a measure of the quantity of goods and services that are produced in a country during a certain period in time. The GDP is usually expressed in monetary terms. A high GDP usually translates to high levels of production. It is often used to determine how wealthy a country is in relation to the production capabilities. To determine a change in GDP, we need to determine the Net national product as follows;
NNP=GDP-D
where;
NNP=net national product
GDP=gross domestic product
D=depreciation
In our case;
NNP=$255,000
GDP=$275,000
D=d
replacing;
255,000=275,000-d
d=275,000-255,000=20,000
The depreciation=$20,000
The 2015 sale reduced 2015 GDP by $20,000 and had no effect on the 2007 GDP.
Answer:
d that's the answer
" The 2015 sale reduced 2015 GDP by $20,000 and had no effect on 2007 GDP"
Explanation:
Note: Use IFRS 9 as the IFRS source.
Answer:
Financial assets are instruments that represent a claim to the economic benefits of an entity. They can be categorized into various classes based on their nature and purpose. Two common categories of financial assets are "passive investments" and "loans and receivables." I'll explain each category and their measurement under both IFRS (using IFRS 9) and ASPE (Accounting Standards for Private Enterprises).
1. Passive Investments:
Passive investments are financial assets that an entity holds to earn returns on the investment, such as dividends, interest, or capital appreciation. They are typically acquired with the intent of holding them for the long term rather than actively trading them.
Measurement under IFRS 9:
Under IFRS 9, passive investments are classified into two main categories:
a. Fair Value Through Other Comprehensive Income (FVOCI): Passive investments can be designated at initial recognition to be measured at fair value through other comprehensive income. Changes in fair value are recognized in other comprehensive income, and only accumulated gains or losses are recognized in the income statement upon derecognition or impairment.
b. Fair Value Through Profit or Loss (FVTPL): Alternatively, entities can choose to measure passive investments at fair value through profit or loss. Changes in fair value are recognized directly in the income statement.
Measurement under ASPE:
Under ASPE, the equivalent category to FVOCI is "Available-for-sale financial assets," and the equivalent to FVTPL is "Fair value through profit or loss." The measurement and recognition principles are generally similar to IFRS, with some differences in terminologies and specific requirements.
2. Loans and Receivables:
Loans and receivables are financial assets that involve contractual rights to receive cash or another financial asset from another entity. They arise from lending money, providing goods or services on credit, or holding accounts receivable.
Measurement under IFRS 9:
Under IFRS 9, loans and receivables are initially measured at their transaction price, which usually includes transaction costs. Subsequently, they are measured at amortized cost using the effective interest rate method, unless they are determined to be impaired.
Measurement under ASPE:
ASPE has a category called "Loans and receivables," which is similar to IFRS's classification. Loans and receivables under ASPE are also initially measured at the transaction price, including transaction costs, and subsequently measured at amortized cost using the effective interest rate method, unless they are impaired.
It's important to note that while both IFRS and ASPE have similarities in the classification and measurement of financial assets, there might be some differences in terminology, presentation, and specific requirements. Additionally, the standards and their interpretations may change over time, so it's crucial to refer to the most up-to-date versions of IFRS 9 and ASPE for accurate information.
Explanation:
Final answer:
The different categories of financial assets under IFRS and ASPE are financial assets at fair value through profit or loss, financial assets at amortized cost, and financial assets at fair value through other comprehensive income.
Explanation:
Financial assets are resources that hold monetary value and can be classified into different categories based on their characteristics and purpose. Under International Financial Reporting Standards (IFRS) and Accounting Standards for Private Enterprises (ASPE), financial assets are categorized into three main groups: financial assets at fair value through profit or loss, financial assets at amortized cost, and financial assets at fair value through other comprehensive income.
Financial assets at fair value through profit or loss: These assets are held for trading purposes or are designated as such by the entity. They are measured at fair value, with changes in fair value recognized in profit or loss. Financial assets at amortized cost: These assets are held to collect contractual cash flows and are measured at amortized cost using the effective interest method. They include loans, receivables, and held-to-maturity investments.
Financial assets at fair value through other comprehensive income: These assets are neither held for trading nor held to collect contractual cash flows. They are measured at fair value, with changes in fair value recognized in other comprehensive income.
Under IFRS, the measurement of financial assets is primarily based on their classification. IFRS 9 provides guidance on the classification, measurement, and impairment of financial assets. ASPE, on the other hand, follows a similar approach to IFRS but with some differences in terminology and specific requirements.
Learn more about categories of financial assets and their measurement under ifrs and aspe here:
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You have prove that you deserve it more than your coworkers..
You might have to wait for a certain anniversary date to get it..
You automatically receive merit raises every year..
Answer:
You might have to wait for a certain anniversary date to get it.
Explanation:
I'm unsure why this correct, but I got the answer wrong with the other person's answer and it said this was the right one.
b. Using credit allows you to make impulsive buys.
c. Using credit makes it easier to track your spending than cash.
d. Using credit offers a convenient source of funds in an emergency.
One thing that is not a benefit of using credit instead of cash is that b. Using credit allows you to make impulsive buys.
Using credit means that you will always have access to resources to use and buy goods and services.
This means that one can be able to make impulsive buys because they will be able to buy things they see without having to worry about not having money.
Find out more on credit at brainly.com/question/1250740.
Answer: Planning, organizing, leading and controlling.
Explanation: Planning refers to setting of objectives and goals. Organizing focuses on collection of resources to attain those objectives. Leading refers to persuading the employees to work on plan. Whereas, controlling refers to taking actions for effective implementation of the plan made.
Together these four terms are described as functions of management which helps an organization to achieve its goals.
Answer:
planning, organizing, leading and controlling
Explanation:
hope it helps ;)