Calculate the Percent Increases for Each of the Following Selected

question 7

Essay

Calculate the percent increases for each of the following selected balance sheet items.
$$\begin{array} { | l | r | r | } \hline & \underline { 2011 } & { \underline { 2010 } } \\\hline \text { Cash } & \$ 569 & \$4 4 8 \\\hline \text { Accounts receivable } & 2,234 & 2,337 \\\hline \text { Merchardise irveritory } & 1,062 & 1,071 \\\hline \text { Plant assets } & 2 , 4 3 2&2 , 1 3 8 \\\hline \text { Bonds payable } & 1,164 & 1,666 \\\hline \text { Equity } & 2 , 777 & 2 , 8 9 4 \\\hline\end{array}$$

Understand the factors contributing to inflation and its effects on an economy.

Comprehend the concept of productivity and its influence on living standards.

Explain the relationship between inflation and unemployment.

Understand the causes and effects of inflation on an economy.

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Definitions:

Capitalism

An economic system where trade, industries, and the means of production are largely or entirely privately owned and operated for profit.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are accessible to all members of society and one person's use does not reduce availability to others.

Indivisible

A characteristic of goods or factors that cannot be divided or separated into smaller units without losing value or utility.

Public Good

A product or service that is provided without profit to all members of a society, either by the government or a private individual or organization.