Answer:
so they can end up spending less on interest payments and credit card fees.
Explanation:
Answer:
Cyclical unemployment
Explanation
Unemployment is simply a state of joblessness.unemployment rate is said to be the percentage of the nation's labor force that is unemployed.
cyclical unemployment is simply a type of uneployment it usually arises during economic downturns and falls when the economy improves.it is caused by the upswings and downswings of business cycles in the economy.
Answer:
D. Spending on services is smaller than the amount of consumption spending on durable and nondurable goods.
Explanation:
For developed countries like the U.S, there is a lot of stress in consumption of services such as good health care, appropriate and quality education and among others. These services contribute to a larger proportion of consumption component of GDP than both durable and nondurable commodities. Therefore, the statement “spending on services is smaller than the amount of consumption spending on durable and non-durable goods” is not correct
Answer:
Financial accounting
Explanation:
The Generally accepted accounting principle (GAAP) is the standard, principles and procedures that accountant must follow or adhere to when compiling financial statements. The major objective of GAAP is to make the accounting process uniform so financial reports are comparable from one company to another.