U. s. real gdp a. measures the change in the price level over time. b. precisely measures the improving standard of living in the united states. c. excludes the value of underground production and leisure time. d. is not as accurate as nominal gdp when measuring standard of living changes over time. e. includes the value of underground production but excludes the value of leisure time.

Ida sidha karya company is a family-owned company located in the village of gianyar on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $850. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 250 units sold 225 units in ending inventory

Partnerships are the most common type of business firms in the world. t/f

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period