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28 Nov 2020
1. One of the limitations of aggregate accounting is that:
a. there isn't enough data available in most developed countries to have national income accounts.
b. it measures market activity, not social welfare.
c. it includes market transactions that should be excluded.
d. it doesn't take depreciation into account.
2. Payments to the owners of firms are included in aggregate accounting as
a. employee compensation.
b. profits.
c. rents.
d. interest.
3. GDP is a good measure of:
a. relative welfare in various countries.
b. relative living standards in various countries.
c. market activities at market prices.
d. relative prices in various countries.
1. One of the limitations of aggregate accounting is that:
a. there isn't enough data available in most developed countries to have national income accounts.
b. it measures market activity, not social welfare.
c. it includes market transactions that should be excluded.
d. it doesn't take depreciation into account.
2. Payments to the owners of firms are included in aggregate accounting as
a. employee compensation.
b. profits.
c. rents.
d. interest.
3. GDP is a good measure of:
a. relative welfare in various countries.
b. relative living standards in various countries.
c. market activities at market prices.
d. relative prices in various countries.
Romarie Khazandra MarijuanLv10
27 Dec 2020