Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis. December 31, 2020 December 31, 2019
Accounts receivable $550,200 $420,000
Inventory 855,600 620,000
Total assets 2,909,750 2,575,000
(Enter negative amounts using either a negative sign preceding the number e. g. -45 or parentheses e. g. (45).)
Increase or (Decrease)
December 31, 2020 December 31, 2019 Amount Percentage
Accounts receivable $550,200 $420,000 $ %
Inventory 855,600 620,000 $ %
Total assets 2,909,750 2,575,000 $ %

1) u. s. real gdp is substantially higher today than it was 60 years ago. what does this tell us, and what does it not tell us, about the well-being of u. s. residents? what are the limitations of the gdp as a measure of economic well-being? given the limitations, why is gdp usually regarded as the best single measure of a society’s economic well-being? 2) what is an intermediate good? how does an intermediate good differ from a final good? explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of gdp, but the value of intermediate goods produced and not sold is included directly as part of gdp.