BUSINESS HIGH SCHOOL

The gdp deflator is used to calculate the inflation rate. True or False

Answers

Answer 1
Answer:

Answer:

True

Explanation:

The nominal GDP is divided by the real GDP to calculate GDP deflator which is used to calculate the CPI and Inflation rate. So it is true that the GDP delfator is used to calculate inflation rate.

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On December 1, Bright Company receives a 6% interest-bearing note from Galvalume Company to settle a $20,000 account receivable. The note is due in three months. At December 31, Bright should record interest revenue ofa. $100.b. $600.c. $0.d. $200.
A customer calls to ask how often he should change the oil in a lawn mower engine. After asking the customer for the manufacturer's name and the model number of the lawn mower engine, you check the service manual for the engine. The engine manufacturer recommends that you change the oil after every 50 hours of light- or normal-duty operation, or after every 25 hours of heavy-duty operation. The customer tells you that he is the groundskeeper at a local golf resort. He uses this mower only to trim the greens on the course. He mows the greens 2 times per week; each time, it takes a total of 5 hours to complete the job. The golf course is open 30 weeks out of the year. If you consider the mowing of the golf course to be normal-duty operation, how often should you tell the customer to change the oil in the mower engine? (Hint: You'll need to calculate the total number of hours the groundskeeper uses the mower per year. Assume that it's now the beginning of the 30-week golf resort season.)a. The oil should be changed a total of 2 times during the 30-week season. b. The oil should be changed a total of 3 times during the 30-week season. c. The oil should be changed a total of 6 times during the 30-week season. d. The oil should be changed a total of 10 times during the 30-week season.
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The market for salmon is in equilibrium. A price ceiling, a price floor, and a quota limit in this market would all have what outcome in common? a. Inefficiencies created by a quantity exchanged that is less than the equilibrium quantity. b. Inefficiencies created by a quantity exchanged that is greater than the equilibrium quantity. c. A supply price that exceeds a demand price. d. Revenue collected by the government on each unit of salmon harvested. e. Inefficiencies created by a transfer of surplus from consumers to producers.

Which of the follow statements best defines inflation?A.
Prices continue to fall, and there is a decline in purchasing power.

B.
Prices continue to rise, and there is a decline in purchasing power.

C.
Prices continue to rise, and there is an increase in purchasing power.

Answers

Answer:

c

Explanation:

which of the following best describes an active market? i. a market where the price is slow to change ii. a market where transactions occur frequently and prices adjust rapidly to clear surpluses or shortages iii. a market where surpluses or shortages can persist for a long time

Answers

Answer:

1

Explanation:

a market is a place is the point of interaction between buyers and sellers

In the film industry, what is the term used to describe all the activities and actions taken in order to create a movie?a. acquisition
b. distribution
c. exhibition
d. production

Answers

Im pretty sure the answer is d. production

Group Leader” is an example of ____________.a. a social role
b. a power role
c. a task role
d. a leadership role

Answers

The answer is D. A leadership role

a leadership role is a role that is given to someone that make him/her become responsible to lead the other team members to achieved their goals, whether through instructions, teaching, or encouragement. Which is also a role of a group leader

Answer:

d.

a leadership role

Explanation:

Suppose that real domestic output in an economy is 2400 units, the quantity of inputs is 60, and the price of each input is $30. If productivity increased such that 3000 units are now produced with the quantity of inputs still equal to 60, then per-unit production costs would:

Answers

Answer:

Per-unit production costs would decrease.

Explanation:

Real domestic output in an economy is 2400 units.

The quantity of inputs is 60, and the price of each input is $30.

Total cost of producing 2400 units

= 60 \ *\ 30

= 1,800

Per unit cost of producing 2400 units

= (1,800)/(2,400)

= 0.75

Total cost of producing 3000 units

= 60 \ *\ 30

= 1,800

Per unit cost of producing 3000 units

= (1800)/(3,000)

= 0.6

If productivity increased such that 3000 units are now produced with the quantity of inputs still equal to 60, per unit production cost will decrease.

All of the following are true statements about the economy of the middle colonies, EXCEPT:a. The shipbuilding industry contributed significantly to the economy.
b. Strong population growth decreased the need for slaves in the middle colonies.
c. The agricultural industry was stronger in the middle colonies than in New England.
d. Disease killed more people in the middle colonies because of its cooler climate, resulting in a labor shortage.

Answers

The right answer for the question that is being asked and shown above is that: "d. Disease killed more people in the middle colonies because of its cooler climate, resulting in a labor shortage." All of the following are true statements about the economy of the middle colonies, EXCEPT Disease killed more people in the middle colonies because of its cooler climate, resulting in a labor shortage.
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