explain the use of a base year in measuring output

Answers

Answer 1

Answer:

A base year is used for comparison in the measure of a business activity or economic index. For example, to find the rate of inflation between 2013 and 2018, 2013 is the base year or the first year in the time set.

Explanation:


Related Questions

Why is international trade important to most countries?
A. Trade allows countries to acquire natural resources not found in
their own territories.
B. Trade ensures that countries will not create trade deficits that
harm their economies.
C. Trade protects countries from economic competition with
neighboring countries.
D. Trade encourages countries to produce all the goods their citizens
need.

Answers

The transfer of welfare's, services, commodities among the nation for financial gain is called international trade.

The correct answer is:

Option A. Trade allows countries to acquire natural resources not found in their territories.

This can be explained as:

Import and export of sources between the countries allow the nation to grow their market and assets.

Because of the international trade modes, the availability of the assets not produced in their country is available for the citizens to utilize.

It gives more employment and hence improves the nation's economy.

Therefore, trade allows countries to avail resources that are found in their region.

To learn more about international trade follow the link:

https://brainly.com/question/20344185

Answer:

A

Explanation:

The "E" in ALERT stands for Employees and reminds you to (Choose all answers that apply)

A. Know who (which employees) are in your facility.
B. Limit employees access to prep & storage areas.
C. Conduct background checks and verify credentials.
D. Test employees knowledge of allergens.

Answers

the answer is A i believe

As a student, you are able to earn extra money by assisting your neighbors with odd jobs. If you charged $10.25 an hour for your assistance, about how many hours would you need to work to earn $8,425? Show your work.

Answers

Answer:

822 hours

Explanation:

The charge per hour is $10.25.

To earn a total of $8,425,  one need to work ? hours.

1 hr =$10.25

? hrs = $8,425

?hrs = $8,425 / $10.25

=821.951

=822 hours

Does walking your neighbors dog everyday (and there elderly) count as community service?

Answers

Answer:

It depends.

Explanation:

If you are helping people who need help, and if they are your neighbors, then they are in your community. Thus, you are doing community service.

Although, if they don't need help and you keep insisting, then that might not be community service because they don't need your help.

have seen ystuckey on brainly

Answers

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Match each effect with the correct type of trade barrier

A. Standards
B. Quotas
C. Embargoes


A. Restrict exports entirely and can be used as punishment
B. Place limits on imports and can drive up prices
C. Enforce rules to uphold quality and are intended to protect consumers

Answers

Answer: i got you

Explanation:

standards= C

Quotas= B

Embargoes= A

Trade Barrier although it affects "free trade"  is not a negative term. The Correct match of given options are A - C, B - B, C- A.

Trade Barrier

For a Nation, the concept of "Free Trade" is not altogether positive as it can  sometime affects their domestic industries which are not capable to compete big companies. To overcome this issue "Trade Barrier" is used, apart from economic reason, it can also be used for political reasons.

In the following question we have to match different types of trade barrier with their definition. Here are the correct match:-

A. Standard - C. Enforce rules to uphold quality and are intended to protect consumers.

B. Quotas -  B. Place limits on imports and can drive up prices

C. Embargoes - A. Restrict exports entirely and can be used as punishment.

Learn more about Trade Barrier here:

https://brainly.com/question/1326741

Which one of the following business stakeholder groups can exert pressure on a business by imposing stricter credit terms, or by refusing to grant further credit?
A. D suppliers B. customers C. shareholders D. pressure groups

Answers

Answer:

A. D suppliers

Explanation:

Suppliers are traders who sell materials and other items to a business.  Suppliers are stakeholders in any company that they supplier products or services. They have commercial interests as creditors to the company.

Because suppliers are the one's who sell to a business of credit, they are the only ones who can impose credit terms on the business.  Suppliers may also relax the credit terms or deny the business credit facilities depending on their risk assessment of the company.

Should Shaun use gross pay or net pay when creating his budget? Explain your
reasoning.

Answers

Answer:

jjheeeneemme

Explanation:beenem

Allison corporation acquired 90 percent of bretton on January 1, 2016. Of Brettons total acquisition date fair value, $60000 was allocated to undervalued equipment

Answers

Answer:

Hello your question is incomplete attached below is the complete question

answer : consolidated Total sales = $1008000

Explanation:

Determine the consolidated totals for sales

to get the consolidated totals for sales we have to add up the two book values then subtract $92000 ( which is the entity transfers )

Consolidated Total sales = ($70000 + $400000 ) - $92000

                                          = $1100000 - $92000 = $1008000

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