The u. s. government pays an economist at the u. s. department of commerce $100,000 in salary in 2013. the economist then retires. in 2014, the government pays him $60,000 in social security benefits. which of the following is correct? a. the 2013 payment is included in 2013 gdp as government purchases, and the 2014 payment is included in 2014 gdp as government purchases. b. the 2013 payment is included in 2013 gdp as government purchases, but the 2014 payment is not included in 2014 gdp. c. the 2013 payment is included in 2013 gdp as government purchases, and the 2014 payment is included in 2014 gdp as government transfer payments. d. the 2013 payment is included in 2013 gdp as government purchases, and the 2014 payment is allocated to previous years' gdp according to the amount of work performed by the economist each year.

Recently, verizon wireless ran a pricing trial in order to estimate the elasticity of demand for its services. the manager selected three states that were representative of its entire service area and increased prices by 5 percent to customers in those areas. one week later, the number of customers enrolled in verizon's cellular plans declined 4 percent in those states, while enrollments in states where prices were not increased remained flat. the manager used this information to estimate the own-price elasticity of demand and, based on her findings, immediately increased prices in all market areas by 5 percent in an attempt to boost the company's 2016 annual revenues. one year later, the manager was perplexed because verizon's 2016 annual revenues were 10 percent lower than those in 2015"the price increase apparently led to a reduction in the company's revenues. did the manager make an error? yes - the one-week measures show demand is inelastic, so a price increase will decrease revenues. yes - the one-week measures show demand is elastic, so a price increase will reduce revenues. yes - cell phone elasticity is likely much larger in the long-run than the short-run. no - the cell phone market must have changed between 2011 and 2012 for this price increase to lower revenues.

Which of the following statements is true? a job costing system will have a separate work in process account for each of the major processes. a process costing system will have a single work in process account. a process costing system will have a separate raw materials account for each of the major processes. a process costing system will have a separate work in process account for each of the major processes.

If his parents cannot alex with college, and two of his scholarships will be awarded to other students if he does not accept them immediately, which is the best option for him?