An economy's total output divided by its total population is called a. gross national product b. circular flow c. gdp per capita d. net exports

which of these events would most likely cause a recession? a. the price of gasoline rises by ten percent. b. political leaders pass huge spending cuts. c. many people find new jobs at about the same time. d. the value of the total net exports rises unexpectedly.

The following legal claims exist for m. finger co. identify the accounting treatment for each claim as either (a) a liability that is recorded or (b) an item described in notes to its financial statements. 1. m. finger (defendant) estimates that a pending lawsuit could result in damages of $1,250,000; it is reasonably possible that the plaintiff will win the case. an item described in notes to its financial statements. a liability that is recorded. 2. m. finger faces a probable loss on a pending lawsuit; the amount is not reasonably estimable. a liability that is recorded. an item described in notes to its financial statements. 3. m. finger estimates damages in a case at $3,500,000 with a high probability of losing the case. an item described in notes to its financial statements. a liability that is recorded. the amount that m. finger co. should record in its accounting records related to these suits is: