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2 years ago

Which of the following statements highlights the difference between the CPI (consumer price index) and the GDP deflator?

Business

1 answer:

Lerok [7]2 years ago

6 0

Answer:

(c)-The CPI measures the average prices of goods and services consumed by typical consumers, whereas the GDP deflator measures the average prices of all goods and services in the economy.

Explanation:

The CPI measures the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them.

Ad the GDP deflator is a measure of the level of prices of all new, domestically produced, final goods and services in an economy in a year.

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A perfectly elastic demand curve implies that the firm: A) must lower price to sell more output. B) can sell as much output as i

dsp73

Answer:

A perfectly elastic demand curve means that the firm can sell as much output as it chooses at the current price.

Explanation:

The perfectly elastic demand implies that the demand curve is horizontal line parallel to the X axis. The price is fixed at a point and the firm can sell any amount of output at this point. The demand is infinite at the given price level. If the firm makes any changes in this price level, the demand will become zero.

4 0

2 years ago

The following selected data pertain to Flagship Corporation: Cash operating expenses July 1-31$180,000 Depreciation 60,000 Merch

padilas [110]

Answer:

Total cash disbursement in July= $674,000

Explanation:

First, we must determine the cash disbursements from July purchases and expenses:

Cash disbursements from July:

Cash operating expenses July= 180,000

Merchandise purchases in July= 560,000*0.4= 224,000

Total cash from July= $404,000

Depreciation is not a cash disbursement cost.

Now, from June and before:

Estimated payments in July for June purchases 220,000

Estimated payments in July for purchases before June 50,000

Total cash disbursement in July= 404,000 + 220,000 + 50,000

Total cash disbursement in July= $674,000

3 0

1 year ago

After assessing the results from a recent customer survey, top managers at Gibraltar Corporation are convinced their firm is doi

vivado [14]

Answer:

Empowerment approach is a type of approach which empowers people to do their tasks and this way they feel more confident working for the company.

Here in this question, I think that empowerment approach can be a good way to improve the responsiveness of the company because this way, it will create a sense of security in amongst the workers and they will feels confident to respond to customer needs by themselves, which in turn will ultimately lead to quick responding to the customer needs by the company. So yes, i think the answer is TRUE.

Hope this clear things up. Thank You.

4 0

2 years ago

Read 2 more answers

Sarah just completed her 1040EZ tax return form and double-checked it. Now she should _____.

malfutka [58]

Send to IRS by April 15

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2 years ago

Read 2 more answers

Melon Lawn Co. advertises its new XJ200 lawn mower. Salespersons describing the XJ200 on behalf of Melon Lawn describe it as a "

kramer

Answer:

c. puffery

Explanation:

Puffery happens when advertisers are trying to encourage people across different techniques to purchase a product or service.

A business can send an amusing advertisement about its product, contrast the product to a similar item, mention product details, or make broad statements about the product that can not be proven to be true.

7 0

2 years ago