A tractor for over the road hauling is purchased for $ 90,000. It is expected to
be of use to the company for 6 years, after which it will be salvaged for $ 4,000.
Calculate the depreciation deduction and the unrecovered investment during each year of the tractor’s life
a. use straight line depreciation
b. Use declining balance depreciation sing a rate that ensures the book value equals the salvage value
c.Use double declining balance depreciation
d.Use double declining balance switching to straight line depreciation
Answers
The depreciation deduction and unrecovered investment for each year of the tractor's life using different depreciation methods are as follows:
a. Straight line depreciation:
Depreciation deduction per year = (Initial cost - Salvage value) / Useful life
Unrecovered investment per year = Initial cost - Accumulated depreciation
b. Declining balance depreciation (book value equals salvage value):
Depreciation deduction per year = Book value at the beginning of the year * Declining balance rate
Unrecovered investment per year = Initial cost - Accumulated depreciation
c. Double declining balance depreciation:
Depreciation deduction per year = Book value at the beginning of the year * Double declining balance rate
Unrecovered investment per year = Initial cost - Accumulated depreciation
d. Double declining balance switching to straight line depreciation:
Depreciation deduction per year = Calculated using double declining balance until the straight line rate is greater than the double declining balance rate, then switch to straight line depreciation
Unrecovered investment per year = Initial cost - Accumulated depreciation
a. Straight line depreciation evenly distributes the depreciation expense over the useful life of the tractor. Each year, the same amount is deducted, resulting in a linear reduction in the asset's value. The unrecovered investment decreases gradually over time.
b. Declining balance depreciation front-loads the depreciation expense, with higher deductions in the earlier years. This method aims to reflect the faster wear and tear of the asset in its early life. The unrecovered investment decreases more rapidly in the beginning and then slows down over time.
c. Double declining balance depreciation is an accelerated method that allows for higher deductions in the early years, gradually reducing the depreciation expense in subsequent years. It recognizes the asset's higher utility and higher depreciation during the initial years. The unrecovered investment decreases at a faster pace initially.
d. Double declining balance switching to straight line depreciation combines the advantages of both methods. It utilizes the accelerated depreciation in the initial years and then switches to straight line depreciation when the straight line rate becomes higher than the double declining balance rate.
This ensures a fair and consistent depreciation deduction throughout the asset's useful life. The unrecovered investment decreases accordingly, reflecting the change in depreciation method.
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Related Questions
other things equal, which of the following would increase the federal funds rate?
Answers
A decline in excess reserves in the banking system increase the federal funds rate.
The term "federal funds rate" refers to the Federal Open Market Committee's target interest rate range. The rate at which commercial banks overnight lend and borrow each other's surplus reserves is the aim.
Like any other market interest rate, the federal funds rate fluctuates according on how many reserves are available generally in the federal funds market. For instance, if there is a stronger demand than supply for reserves in the market, the federal funds rate rises; conversely, if there is a bigger supply than demand, the funds rate falls. In order to ensure that supply and demand are met at all times, the federal funds rate serves as a trigger that brings the federal funds market to equilibrium.
Option D is the correct answer.
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The complete question is, "Other things equal, which of the following would increase the federal funds rate?
A. a decrease in loan demand in the federal funds market
B. a decrease in the reserve ratio
C. Fed purchases of government securities from banks
D. a decline in excess reserves in the banking system"
With regard to suppliers, just-in time typically require: Group of answer choices buyer inspection of all goods and materials. delivery of large lots at regular intervals. the lowest price possible. multiple sources from which to purchase. long-term relationships and commitments.
Answers
Answer: long-term relationships and commitments.
Explanation:
Just in time typically implies long-term relationships and commitment. It requires a good understanding of the supplier and the manufacturer in terms of the quantity and the swiftness with material delivery. When there is a misunderstanding between the manufacturer and the supplier, delivery cones to a halt. This is why there's a need for a long lasting relationship and commitment.
How should managers balance fairness (consistency of
disciplinary actions) with the fact that people are unique, have
different situations, and do not necessarily respond to the same
treatment?
Answers
Managers should balance fairness (consistency of disciplinary actions) with the fact that people are unique, have different situations, and do not necessarily respond to the same treatment by being flexible and considering each employee's situation individually.
This can involve taking into account factors such as an employee's past performance, their personal circumstances, and the nature of the offense committed.
Additionally, managers should ensure that disciplinary actions are proportionate to the severity of the offense and that they are communicated clearly and consistently to all employees.
Overall, managers should strive to treat employees fairly and consistently while recognizing and responding to the unique circumstances of each individual.
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Which statement best summarizes the information on these graphs? many bolivians are farmers, but the agriculture sector does not produce much in terms of gdp. industry in bolivia has grown very important to that country’s economy in recent years. bolivia is investing large sums of money in education in an effort to encourage economic growth. bolivia must depend on agriculture if it intends to have a healthy economic future.
Answers
These graphs show information regarding Bolivia's workforce. Many Bolivians are farmers but the agricultural sector does not produce much in terms of GDP.
What do you mean by GDP?GDP refers to the total market value of goods, products, or services that are produced within a country.
These graphs show Bolivia's workforce information. Many Bolivians are farmers but the agricultural sector does not produce much in terms of GDP.
Therefore, A is the correct option.
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Answer: A
Explanation:
Shelly is reading a chapter in her science book. She wants to note the main ideas and details, and wants to pay close attention to a few of the important names as she reads. How can Shelly use highlighting to make the information she is looking for stand out?
She can use three different highlighters: one for the main idea, one for the details, and one for important names. She can use one highlighter and highlight the entire paragraphs that have a main idea, detail, or important name. She can use one highlighter to highlight all of the big words in each paragraph. She can use two different highlighters: one for the first sentence of each paragraph and one for the last sentence in each paragraph.
Answers
Answer:
A. She can use three different highlighters: one for the main idea, one for the details, and one for important names.
Explanation:
Color-coding highlighters to things your need to memorize/take notes on is an esay way to know what's what without having to read everything you highlighted and hope you find the thing you need.
Answer: The first one (She can use one for the main idea, one for details, and one for important names)
when a large organization has departments based on areas of production, what type of departmentalization is being utilized?
Answers
Product departmentalization is being utilized. Product departmentalization is an organisational technique in which personnel are divided into teams to work on all areas of a specific project or product line.
Every product line has its own department or team, with people specialising in various elements of product development and distribution. LA Gear is a corporation that employs product departmentalization. Its structure is built on its diverse product lines, which include women's footwear, among other things. Customer departmentalization is the grouping of activities based on common customers or customer kinds. Product departmentalization distinguishes employees based on the organization's products or services.
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Companies go through different phases to reach product/market fit. These phases are the:
A) the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.
B) idea stage, the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.
C) idea stage, the traction stage, the monetization stage, and the growth stage.
D) idea stage, the prototype stage, the launch stage, the traction stage, and the growth stage.
Answers
Answer: D is the correct answer.
Explanation: The different phases to reach the product/ market fit are:
The idea stage: It is the first stage, where the idea of a product comes into existence.The prototype stage: here, the idea converts into a modelThe launch stage: the product is launched in the market for the consumers.The traction stage: the initial progress of a startup and the momentum it builds as it grows.The growth stage: the consumers have accepted the product and are buying it.
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. A tomato farmer has used direct distribution to sell to local consumers through an area farmers' market. Last year, she sold 400 bushels of tomatoes at $2.49 a pound. (There are 53 pounds in a bushel of tomatoes.) This year she is considering using an indirect channel by selling to two area supermarkets. She estimates that she can sell 650 bushels at $1.63 a pound. What will be the difference in revenue if she makes the change? What other factors should the farmer consider before changing to indirect distribution?
Answers
Answer:
the farmer's total revenue when she uses the direct channel = 400 x $2.49 = $996
if she uses the indirect channel, her total revenue = 650 x $1.63 = $1,059.50
her total revenue will increase when selling to he supermarkets, but also her variable production costs will increase. This means that it is probable that her total contribution margin decreases even if total revenue decreases.
The farmer's total revenue when she uses the direct channel is $996 and the difference in revenue if she makes the change will be $63.5
What do you mean by Total revenue?
Revenue is the total amount of sales of goods and services. It is calculated by multiplying the total amount of goods and services sold at the price of goods and services.
Total revenue when she uses the direct channel is $996
\(\rm\, Total \,Revenue = 400 \times \$2.49 \\\\\rm\, Total \,Revenue = \$996\)
If she uses the indirect channel, her total revenue is $1,059.50.
\(\rm\,Total \,Revenue = 650 \times \$1.63\\\\\rm\,Total \,Revenue = \$1,059.50\)
The difference in revenue between direct selling and indirect selling:
\(\rm\, \$1,059.50 - \$996 = \$63.5\)
The farmer's total revenue will increase when selling to the supermarkets, but also her variable production costs will increase which has to be kept in mind while choosing indirect selling.
Therefore, the farmer should keep the variable factor costs in mind before selecting indirect selling as the revenue might increase but the percentage of increase probably may not be high.
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Type the correct answer in the box. Spell all words correctly.
Identify the economic goal of sales management.
Every nation aims for economic growth and _____ for all its citizens.
Answers
Answer:
best guess is security
Explanation:
Every nation aims for economic growth and Rights for all its citizens. As the national economic goals were, full employment, economic growth, security, and stability.
What is economics?The term Economics is the study of scarcity and its inferences for the use of resources, manufacture of goods and services, growth of production and welfare over time, and a great diverseness of other complex issues of vital concern to society.
Economic skillfulness is important because it grants businesses to reduce their costs and change their output. For consumers, economic efficiency leads to lower prices for goods and services.
As with every nation, there are some goals for economic growth, price stability, and full employment. Economic growth refers to a nation's ability to produce more goods and services over time.
Therefore, option (B) is correct.
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Project: Interview
1. Write a summary of the information that was discussed in your interview. Type your summary here.
2. Describe three insights about this career that you learned from your interview.
3. Is this career still one that you are interested in? If not, what changed your mind?
minimum of 200 words each
Answers
A professional interview is a stage where information about the candidate's professional profile, experiences and job details are discussed.
How can an interview influence the candidate's vision?The candidate is able to develop insights into the career for which they are aiming for a position in the job market, through the information provided by the recruiter about the position and the characteristics desired by professionals, such as:
CommunicationCreativityFlexibilityTherefore, in a marketing career, for example, there are several characteristics that correspond to the most demanded in a candidate, due to the speed of market changes that demand constant innovation and creativity.
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Answer:
Explanation:
k
When will the new Stranger Things season come out?
Answers
Possibly somewhere in early 2021. According to netflix.
Answer:
Around March 2021
Explanation:
When we look at money supply and price numbers over time, we see that in the short run there is _________ between money and the price level, while over time there is _________ between money and the price level.
Answers
When we look at money supply and price numbers over time, we see that in the short run there is a direct relationship between money and the price level, while over time there is a positive relationship between money and the price level.
There exists a positive relationship between money supply and price level. It means that the increase in the money supply leads to an increase in the price level of goods and services. Conversely, a decrease in the money supply causes a decrease in the price level of goods and services. The theory that supports the direct relationship between money and price level is the quantity theory of money. This theory suggests that the price level is directly proportional to the money supply over the long term.
However, in the short term, other factors like market demand, market supply, and market structure may impact the price level. The relationship between money supply and price level can be expressed mathematically using the equation of exchange as M * V = P * where M is the money supply, V is the velocity of money, P is the price level, and Y is the real output of goods and services. This equation shows that an increase in M will lead to an increase in P, holding all other factors constant.
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How can being smart, kind and generous make you a better person? Click to add to
Answers
Answer:
it will help you in life
Explanation:
when your kind and generous you can get a better job and to help you make friends and also you can be smart because you can apply to be a teacher or a tutor to help others
ASAP PLEASE-------------
Cameron has decided to diversify his investments in the following way:
$3,000 in an account earning 2.7% simple interest
$5,000 in a savings account earning 1.8% interest compounded annually
$5,000 in a certificate of deposit earning 3.9% interest compounded quarterly
How much total interest will Cameron earn on his investments at the end of 3 years?
a. $530.87
b. $665.57
c. $973.30
d. $1,135.30
Anyone know how to do this?
Answers
Answer:
D.) $1,135.30 at the end of 3 years
Explanation:
First method:
Formula for simple interest is I = P * R * T.
In this instance P = 3,000, R = 2.7, T = 5.
\(I=(3000)(0.027)(5)\\= $405\)
Second method:
The formula for annual compounding is \(A=P(1+r)^t\), where A = amount, P = principal (initial) amount, r = rate of growth, t = years.
\(A=5000(1+0.027)^3\)
=\(5416.0334\)
Third method:
The formula for periods within a year is \(A=P(1+\frac{r}{n})^n^t\). There is now the added value of n (number of periods per year). Since there are 3 quarters per year, n will be 4.
\(A=5000(1+\frac{0.039}{4})^4^*^3\\=5000(1.00975)^1^2\\= 5617.4129\)
Sum after 3 years is $1,135.30
Upon dissolution of the partnership, one -third of the goes to each of its three founding partners. Since Partner Abel is deceased, his portion is split evenly among his four heirs. What portion of the company's value does each of these heirs receive?
Answers
Upon the dissolution of the partnership, the portion that would have gone to Partner Abel is split evenly among his four heirs, resulting in each heir receiving 1/4th (25%) of the company's value.
In this scenario, with three founding partners and the dissolution of the partnership, the value of the company is divided equally among the partners, resulting in each partner initially receiving 1/3rd (33.33%) of the company's value.
However, since Partner Abel is deceased, his portion is distributed among his four heirs.
Since the portion that would have gone to Partner Abel is now split evenly among his four heirs, each heir would receive an equal share. Therefore, each heir receives 1/4th (25%) of the company's value. This distribution ensures fairness and equal treatment among Partner Abel's heirs.
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how can we develop desicion making skill on ourselves
Answers
Answer:
Six simple steps for better decision-making skills
Start with the desired outcome. Start with squad goals. ...Rely on data and insights to spot patterns. .Use S.W.O.T. analysis. ...Simulate the outcomes. ...Trust your instincts. ...Identify your cognitive biasesIf you know you are at risk of becoming unemployed, you should _____. A. Wait until you officially lose the job to worry b. Get additional education to learn new skills c. Spend all your money while you are still making it d. Ignore the economy, because it is always changing Please select the best answer from the choices provided A B C D.
Answers
Market risk can also be called systematic risk and non-diversified risk, since systematic risk can be understood as the risk inherent in the entire market, that is, it is the risk that encompasses the general market, regardless of the sector in which it operates.
Risk of becoming unemployedCorrect option is B
If you know you are at risk of becoming unemployed, you should "Get additional education to learn new skills".
Gaining new skills will allow you to focus more time on family and outside interests.Acquiring new skills may increase your opportunities for advancement.Through gathering more skill like computer or IT skill, people can able to compete in the market.Learn more about unemployment, refer to the link:
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Answer: B) get additional education to learn new skills
Explanation:
took the test
should the company use the composite wacc as the hurdle rate for each of its projects? explain.
Answers
The company should use the composite WACC (Weighted Average Cost of Capital) as the hurdle rate for each of its projects.
The reason behind this is that the composite WACC represents the average cost of capital for the entire company, taking into account the proportionate costs of different sources of financing (e.g., equity and debt).
Using the composite WACC as the hurdle rate ensures that the company is considering the overall cost of capital and making investment decisions accordingly. This approach helps to maintain consistency in evaluating projects and allocating resources.
However, it is essential to note that if a project has a significantly different risk profile compared to the company's average risk level, it may be more appropriate to adjust the hurdle rate to reflect the specific risk associated with the project.
This can help the company to make more informed decisions regarding which projects to pursue and allocate resources effectively.
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.Positive thinking is an attitude that is solution-oriented and focuses on favorable results. This attitude is important in creating effective business messages. Your ability to positive and exclude optimism in your communications can strongly influence others and ultimately lead to greater success.
Reflect on your own expressions of positiveness.
Explain how you can apply a positive writing style at work in a situation where you also most identify logical inconsistencies.
Answers
Positive thinking is an attitude that is solution-oriented and focuses on favorable results.
This attitude is important in creating effective business messages. Your ability to positive and exclude optimism in your communications can strongly influence others and ultimately lead to greater success.
Reflecting on your own expressions of positiveness can help you identify areas where you could improve your positivity.To apply a positive writing style at work in a situation where you also most identify logical inconsistencies, you should start by identifying the main goal or message you want to communicate.
Once you have a clear idea of what you want to say, try to focus on the positive aspects of the situation or issue you are addressing. Instead of dwelling on the negative, try to highlight any potential solutions or positive outcomes that could result from addressing the issue.When you encounter logical inconsistencies, it can be tempting to point them out and dwell on them.
However, this approach is unlikely to be effective in a business setting. Instead, you should focus on finding a solution to the problem and communicating that solution in a positive and constructive way. By taking a positive approach, you can help to build a more positive and productive work environment that is focused on finding solutions and achieving success.
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Which of the following is not a way to finance your new business.
A. loans from family/friends
B.your own money
C.loan from a bank
D.sweat equity
Answers
Answer:
sweat equity
Explanation:
Hope this helps! Can I have the crown thingy
A(n) _______________ business system is a type of information system that supports the business functions of accounting, finance, marketing, operations management, and human resource management.
Answers
Explanation:
Suppose that S=$1.1045/6. The annualized risk-free interest rates are 6% and 3% in the U.S and Germany, respectively. The inflation rate in the US is 2.5%. Find the exact expected exchange rate for the euro in one year. Do not write any symbol. Make sure to round your answers to the nearest 10000 th decimal points. For example, write 1.2345 for $1.2345/ϵ.
Answers
The expected exchange rate for the euro in one year is approximately $1.1640/€
The following elements must be taken into account in order to determine the precise anticipated euro exchange rate in one year: the difference between the spot exchange rate, interest rates, and inflation rates.
Given:
The spot exchange rate (S) is $1.1045/€, the risk-free interest rate (rUS) in the United States is 6%, the risk-free interest rate (rDE) in Germany is 3%, and the inflation rate (iUS) in the United States is 2.5%. First, let's figure out the difference in interest rates between the United States and Germany:
The difference in interest rates (IRD) is equal to rUS - rDE, or 6% - 3%, or 3%. Now, let's figure out the difference in inflation rates between the United States and Germany:
The inflation rate differential (IRD) is as follows: iUS - 0 = 2.5% - 0 = 2.5% Now, let's use the following formula to determine the anticipated exchange rate:
Expected exchange rate = S [(1 + rUS) / (1 + rDE)] Expected exchange rate = $1.1045/€ [(1 + 6%) / (1 + 3%)] Expected exchange rate = $1.1045/€ [(1 + 2.5%) / (1 + 0)] Expected exchange rate = $1.1045/€ [1.06 / 1.03] Expected exchange rate = $1.1045/€ 1.025 Expecte
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This assignment is NO less than 2 pages of content. APA formatting with citations and reference page. 12 pt font; double-space. 1. Go online and search for project life cycle Identify at least two that are different from the PMI model, and compare and contrast the phases. Be sure to cite your sources in APA format. 2. How does the application of a phased approach to project management vary in different industries? Do you think that the phases work the same in construction as they do in event management or software development?
Answers
Project managers in each industry need to apply the approach that works best for their specific needs.
1. Project life cycle is a sequence of steps that starts with the initiation, planning, executing, monitoring and controlling and closure of a project.
Two project life cycles that are different from the PMI model are: Agile Project Management: Agile project management is based on the iterative model, where each iteration includes a small cycle of project execution and evaluation. This process is carried out repeatedly until the final product is obtained.
The difference with the PMI model is that it doesn't have a formal plan because the work is performed in a dynamic environment with changing priorities.
Six Sigma Project Management: The Six Sigma project management life cycle follows five phases, namely, define, measure, analyze, improve and control (DMAIC).
In each stage, the project team focuses on a specific aspect of a problem to determine the root cause, find an alternative solution, test it, and implement it.
2. The application of a phased approach to project management varies in different industries. Some industries apply project management in a more rigid way, while others apply it in a more agile way.
The phases don't work the same in construction as they do in event management or software development because each industry has its own specific needs.
For example, in construction, there is a need to ensure safety regulations are met, and the work is completed according to design specifications.
On the other hand, in event management, there is a need to ensure that the event is well-organized and all requirements are met.
Finally, in software development, there is a need to ensure that the software is tested and implemented without errors.
Therefore, project managers in each industry need to apply the approach that works best for their specific needs.
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brad begins work with his company's newly created product line of personal care products. what overall framework does brad need to use as he starts to work on the marketing mix for these products?
Answers
As Brad begins work with his company's newly created product line of personal care products, he needs to use the overall framework of the marketing mix. This framework consists of the four Ps: product, price, promotion, and place.
What are 4Ps in Marketing?Brad needs to use the 4Ps marketing mix framework as he starts to work on the marketing mix for his company's newly created product line of personal care products. The 4Ps framework consists of:
1. Product: Brad should focus on understanding the specific needs of the target market and ensure that the personal care products being developed cater to those needs. He should consider aspects like quality, design, features, and packaging.
2. Price: Brad needs to determine the optimal pricing strategy for the personal care products. This could involve analyzing competitor pricing, understanding the target market's price sensitivity, and considering the cost of production.
3. Place (Distribution): Brad should identify the best channels to distribute the personal care products, which could include retail stores, e-commerce platforms, or direct sales. He needs to ensure that the products are easily accessible to the target market.
4. Promotion: Lastly, Brad should develop an effective promotional strategy to create awareness and generate interest in the personal care products. This could involve advertising, public relations, sales promotions, and social media marketing.
By using the 4Ps marketing mix framework, Brad will be able to create a well-rounded marketing strategy for the newly created personal care product line.
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QUESTION 1 of 10: Large-cap stocks have a market capitalization of:
0 0 0 0
a) Between 300 million and 2 billion
b) Between 10 billion to 200 billion
c) Between 200 billion and 500 billion
d) Between 500 billion and 900 billion
Answers
what type of agency relationship is created when a person gains a benefit from a previously unauthorized act of an agent and does not deny the authority to act after learning about it?
Answers
Answer:
When a person gains a benefit from a previously unauthorized act of an agent and does not deny the authority to act after learning about it, this constitutes an agency created by ratification
true or false: relative to a global tariff, the effect of creating a customs union in luxembourg is positive. true false welfare effects of a regional trading arrangement are not always static. there are also dynamic gains that influence growth rates over the long run and offset unfavorable static effects due to trade diversion. which of the following represent dynamic gains from creating a customs union? check all that apply. the trade-creation effect greater competition market enlargement higher tariff revenues
Answers
True. The trade-creation effect, greater competition, market enlargement, and higher tariff revenues are all dynamic gains from creating a customs union in Luxembourg.
As per the question, the answer is given below:True or False: Relative to a global tariff, the effect of creating a customs union in Luxembourg is positive.FalseWelfare effects of a regional trading arrangement are not always static. There are also dynamic gains that influence growth rates over the long run and offset unfavorable static effects due to trade diversion. True. The trade-creation effect, greater competition, market enlargement, and higher tariff revenues are all dynamic gains from creating a customs union in Luxembourg.The following represent dynamic gains from creating a customs union:Trade-creation effectGreater competitionMarket enlargementHigher tariff revenuesThus, the correct answer is Trade-creation effect, Greater competition, and Market enlargement.
A note card company has found that the marginal cost per card of producing x note cards is given by the function below, C′(x)=−0.03x+84;x≤1000
where C'(x) is the marginal cost, in cents, per card. Find the total cost of producing 740 cards, disregarding any fixed costs.
Answers
To find the total cost of producing 740 note cards, we need to integrate the marginal cost function C'(x) with respect to x over the desired range.
Given the marginal cost function C'(x) = -0.03x + 84, where x ≤ 1000, we can integrate it to find the total cost function C(x):
C(x) = ∫(-0.03x + 84) dx
Integrating, we get:
C(x) = -0.015x^2 + 84x + C
Now, to find the total cost of producing 740 cards, we evaluate the total cost function C(x) at x = 740:
C(740) = -0.015(740)^2 + 84(740) + C
Since we are disregarding any fixed costs, the constant term C does not affect the cost of producing 740 cards. Therefore, we can ignore it in this context.
C(740) = -0.015(740)^2 + 84(740)
Simplifying the equation:
C(740) = -0.015(547600) + 62360
C(740) = -8214 + 62360
C(740) = 54146
The total cost of producing 740 note cards, disregarding any fixed costs, is 54,146 cents.
Note: It's worth noting that the cost is given in cents, so you may convert it to dollars if needed by dividing by 100.
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6. Which of the following describes a non-employee business? (1 point)
an architect who has only a part-time assistant
a small ice cream shop where only one person works at a time
a person who works from home for a larger company
a manicurist who works from her home or at clients houses
Answers
Answer:
a manicurist who works from her home or at clients’ houses
Explanation:
FILL IN THE BLANK. neoclassical economists believe that it is not possible to change gdp __ without a change in the level of the country's resources
Answers
Neoclassical economists believe that it is not possible to change GDP growth without a change in the level of the country's resources.
According to neoclassical economics, economic growth is determined by the amount and productivity of the factors of production, which include labor, capital, and natural resources. Therefore, for a country to increase its GDP growth rate, it must either increase the quantity or productivity of these resources.
Without a change in the level of resources, the neoclassical view is that an increase in demand will only lead to inflation, rather than sustained economic growth.
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