If you find an error in a paycheck that has already been created in QuickBooks, you can correct it in the Review Paycheck window.
EQuickBooks provides a Review Paycheck window where you can make corrections to a paycheck that has already been created and processed. If you discover an error in the paycheck, you can navigate to the Review Paycheck window within QuickBooks and make the necessary adjustments to correct the error. This window allows you to modify various details related to the paycheck, such as wage amounts, deductions, taxes, and other paycheck-related information. By making the corrections in the Review Paycheck window, you can ensure the accuracy of the paycheck and resolve any errors that may have occurred during the initial creation process.
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CGS2512: Spreadsheet Concepts and Practices
Please access "Brainfuse Online Tutoring" by clicking on it in the course navigation menu. You are tasked with reviewing Brainfuse, scheduling an actual tutoring session, and writing about your experience. Discuss things you liked and found helpful and things you did not. Please end your discussion with whether you would recommend Brainfuse Online Tutoring to other learners and why.
Please find "Brainfuse Online Tutoring" in the course menu and click on it. Share what you enjoyed and found useful, as well as what you did not.
What is Brainfuse's current position?
Brainfuse JobNow & VetNow is a one-stop shop for all of your career and veteran requirements, whether it's preparing a resume, writing a cover letter, navigating the VA system, or adapting to a civilian profession. To empower users, JobNow and VetNow provide professional coaching and self-study resources. Please email your resume to if you want to work as a tutor with Brainfuse. We will thoroughly analyze your résumé and provide you a Brainfuse registration code through email. If you have already received a Brainfuse registration code.
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What are the dangers associated with having a high national debt?
Answer:
Explanation:
Lower income and economic opportunities for the people. Might lose investors and business opportunities.
How often should businesses perform cash drops?
A. Only once, at the end of the business day
B. Only once a month, once all the receipts are totaled
C. Whenever someone makes incorrect change for a customer
D. Whenever the total amount of cash in a register has reached a
certain level
Answer:
d.
Explanation:
Businesses should perform cash drops Whenever the total amount of cash in a register has reached a certain level. The appropriate response is option D.
What is cash drops ?A cash drop is a sum of money that is taken out of the cash drawer and deposited in the safe or at the bank. You are allowed to take as many drops and as much money as you want. Usually, cash drops are done to take extra cash out of the drawer and put it somewhere else.
Cash drops are typically carried out to remove extra cash from the drawer and deposit it in the safe until the balance can be tallied. It is a sum of money that is taken out of the cash drawer and deposited in the safe or at the bank
When the total quantity of cash in a register reaches a certain threshold, businesses should do cash drops.
Hence, the appropriate response is option D.
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The activities of the federal reserve board have the most direct influence on.
Answer:
The activities of the Federal Reserve Board have the most direct influence on: bank interest rates, monetary policy (interest rates, credit, etc.)
Jose put $200 in a savings acount, where he will earn 10% interest annually. At the end of the year how much money will Jose have earned in interest?
Match the examples with the types of goods. To match them, click the example, and then click the type of good.
Match the examples with the types of goods.
To match them, click the example, and then click the type of good.
Omar buys a snack bag of chips that he noticed while waiting in line at the store.
Unsought good
Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in an accident or burglary.
Convenience impulse good
Jamie goes to the store to buy toothpaste.
Convenience staple good
Wanda reads reviews of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item.
Shopping good
Adriana only buys doughnuts from her favorite local doughnut shop.
Specialty good
Answer:
1. Convenience impulse good
2. Unsought good
3. Convenience staple good
4. Shopping good
5. Specialty good.
Explanation:
1. Omar buys a snack bag of chips that he noticed while waiting in line at the store: Convenience impulse good.
A convenience impulse good can be defined as goods (products) that an individual purchases without planning to buy them or having prior intention to do so. Therefore, convenience goods are easily available and often purchased by impulse.2. Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in an accident or burglary: Unsought good.
Unsought goods can be defined as goods or services that an individual do not think of buying or isn't aware of but purchases due to a fear of danger (damage).3. Jamie goes to the store to buy toothpaste: Convenience staple good.
A convenience staple good can be defined as goods (products) that an individual consumes on a regular basis and as such are purchased more often.4. Wanda reads reviews of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item: Shopping good.
Shopping goods can be defined as goods (products) that an individual purchases after doing due diligence by comparing its style, quality and price in other stores.5. Adriana only buys doughnuts from her favorite local doughnut shop: Specialty good.
Specialty goods refers to consumer goods that an individual considers to be exclusive and unique, for which he or she would go any length and perhaps, do anything to get them due to the strong preference.Consider governments and corporations. Which one frequently ignores cost-benefit analysis, and which one
almost always tries to efficiently balance costs and benefits? Explain. (1 point)
-Corporations frequently ignore cost-benefit analysis because they do not directly bear the cost
of inefficient policies. Governments almost always try to efficiently balance costs and benefits
because they must answer to owners and shareholders who want profit.
-Governments frequently ignore cost-benefit analysis because they do not directly bear the cost
of inefficient policies. Corporations almost always try to efficiently balance costs and benefits
because they must answer to owners and shareholders who want profit.
-Corporations frequently ignore cost-benefit analysis because they can sell bonds or stocks to
obtain more money whenever needed. Governments almost always try to efficiently balance
costs and benefits because they are required to do so by law.
-Governments frequently ignore cost-benefit analysis because they can print more money if
needed. Corporations almost always try to efficiently balance costs and benefits because they
are required to do so by law.
The one that frequently ignores cost-benefit analysis, and the one that almost always tries to efficiently balance costs and benefits is Corporations frequently ignore cost-benefit analysis because they can sell bonds or stocks to obtain more money whenever needed. Governments almost always try to efficiently balance costs and benefits because they are required to do so by law.
Cost-Benefit Analysis (CBA) was a method used by governments to develop and assess public policy by quantifying the consequences. According to current scholarship, it is a system that is used to crudely implement utilitarianism, which holds that actions have only right if they promote happiness and pleasure.
When considering regulatory proposals who would be costly to implement but would have potentially large economic benefits for society, benefit-cost analysis is commonly used at the executive level of government. The Clean Air Act and the Clean Water Act are two examples of regulatory actions.
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ATP is a vehicle manufacturing company which purchases most of the component from suppliers all around the globe. To minimize inventory costs, management decided to use Economic Order Quantity to control its inventory level. KWP is ATP’s long-term supplier for tire, and they have agreed to strict delivery time and quality requirement. Based on the 202X budget, the following information was collected from production:1. Based on pre-order, ATP requires 5250 units of tire each month for the first 4 months of the year and 3625 units of tires each month for the remainder of the year. 2. The carrying cost per unit is R2 per year. 3. The cost per order is R1,000.
Economic Order Quantity is 7071 units to control its inventory level. The following variables are necessary to determine the economic order quantity: demand rate, setup costs, and holding costs.
What are EOQ and its formula?The following is the EOQ formula. EOQ equals the square root of [(2 times demand times ordering cost)/carrying charge]. Demand. The EOQ's assumptions state that the demand is unchanged. The measure of demand is how much inventory is used annually or how many units are sold annually.
Given,
Annual Requirement = 50,000 ( 5250 x 4 + 3625 x 8)
Carrying cost = 2 per year
Order cost = 1000 per order
Required to calculate EOQ =?
EOQ = square root of [(2 times demand times ordering cost)/carrying charge]
EOQ = √ 2 x 50000 x 1000/2
EOQ = √50,000,000
EOQ = 7071 units
Thus, the EOQ is 7071 units. Economic order quantity is crucial since it aids businesses in effectively managing their inventories. Without these inventory management strategies, businesses will frequently store excess inventory during times of low demand while holding insufficient inventory during times of strong demand. Missed opportunities result from either issue.
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In a business combination, costs of registering equity securities to be issued by the acquiring company are a(n)
In a business combination, the cost of registering equity securities to be issued by the acquiring company is considered a direct cost. Such costs are directly related to the acquisition process and are incurred to execute the transaction.
Therefore, they are not included in the calculation of goodwill. Direct costs typically include costs of advisors, lawyers, accountants, and other professionals who are hired to provide services directly related to the acquisition process. Other direct costs may include due diligence costs, valuation costs, legal fees, and other expenses incurred in relation to the acquisition process.
These costs are typically reported as expenses in the period they are incurred. However, it is important to note that these costs cannot be capitalized if the acquisition is not completed. The cost of registering equity securities to be issued by the acquiring company is typically a significant cost, particularly if the securities are to be listed on a stock exchange.
These costs can easily exceed $1 million or more and may be subject to additional fees based on the number of shares issued. Overall, direct costs of a business combination can be significant and should be carefully considered when evaluating the cost-benefit of an acquisition.
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Under the LIFO retail method, we determine that:__________.
a) a new layer of inventory has been added during the period if the ending inventory at retail is greater than the beginning inventory at cost.
b) the ending inventory at retail is greater than the beginning inventory at retail.
c) the ending inventory at retail is less than the beginning inventory at retail.
Answer: the ending inventory at retail is greater than the beginning inventory at retail
Explanation:
In the Last-In-First-Out(LIFO) method, it is assumed that the units that are sold are the ones that were recently bought.
Under the LIFO retail method, to determine a new layer at retail, the beginning inventory at the retail will have to be deducted from the ending inventory at retail.
This means that a new layer of inventory will be added when the ending inventory at retail is greater than the beginning inventory at retail.
Most people use social media because they are looking for discounts and deals. true or False
The given statement-'' Most people use social media because they are looking for discounts and deals'' is False.
While some people may use social media to find discounts and deals, it is not the primary or exclusive reason why most people use social media. The reasons people use social media are diverse and can vary greatly from person to person. Some common motivations for using social media include:
Connecting with others: Social media platforms provide a means for people to connect and communicate with friends, family, colleagues, and acquaintances.Sharing and consuming content: Social media allows users to share personal updates, photos, videos, and other forms of content. Users can also consume content shared by others, such as news, entertainment, and educational material.Seeking information and staying updated: Social media serves as a source of news, information, and updates on various topics of interest, including current events, hobbies, entertainment, and more.Expressing opinions and engaging in discussions: Social media platforms provide a space for individuals to express their opinions, share their perspectives, and engage in discussions with others.Discovering and following interests: Social media allows users to discover new interests, follow accounts or pages related to their hobbies, passions, or areas of curiosity, and stay informed about developments in those areas.While discounts and deals may be a part of social media usage for some individuals, it is not the primary reason for most people using social media platforms.
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When the government's budget deficit increases the government is borrowing less and public savings increases.
The given statement is false.
Government budget deficit occurs when government spending exceeds its income. When government deficit increases, debt increases. This is because a deficit would need to be funded by additional borrowing. Thus, borrowing increases.
Public saving is national income less consumption and government spending. When deficit increases, government spending increases and public savings decline.
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What is the best definition of a credit report?
A credit report is a detailed summary of an individual's credit history, including credit accounts, payment history, credit inquiries, and public records such as bankruptcies and tax liens. It is used by lenders, landlords, and other entities to evaluate an individual's creditworthiness and ability to repay debts. The report is compiled by credit reporting agencies, also known as credit bureaus, based on information obtained from creditors, public records, and other sources. The information on a credit report is used to calculate a credit score, which is a numerical representation of an individual's creditworthiness.
An individual's credit history, comprising credit accounts, payment history, credit inquiries, and public records like bankruptcies and tax liens, are all summarized in a credit report.
Lenders, landlords, and other organizations use it to assess a person's creditworthiness and capacity to pay back obligations. Credit reporting companies, commonly referred to as credit bureaus, generate the report using data gathered from creditors, public records, and other sources.
A credit score, which is a number that represents how creditworthy a person is, is created using the data on a credit report.
As a result, the significance of the best definition of a credit report are the aforementioned.
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Task 2: Savings, Investments, and Risk Management for a Middle-Aged Professional
Talk to a 40-year-old business professional with a family that includes a spouse and children.
This person can be a family member, friend, or mentor. List and describe the savings,
investments and risk management strategies for this phase of life. Describe how financial
planning has changed from the earlier phase of life.
Some risk management responses that a middle age professional can give include avoiding overspending, making reasonable budgets, having a substitute plan in place for unforeseen events.
What are the investments and strategies?A middle age professional can invest in real estate business. They could also make it a point to spend carefully and avoid lending money to people who will not pay back.
Of course, they should ahve a stable job that gurantees regular income. in addition to this, there should be a mitigation plan for unforeseen events. These strategies can help them financially.
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Why is formal training of workers so important to most employers? Why don't employers simply let people learn about their jobs as they perform them?
Answer:
The formal training is so important because of the benefits that bring to the company and the problems it could avoid.
Explanation:
To begin with, the fact that most of the companies consider important to provide a training program for their workers in the cases necessary indicates that the companies understand the fact that the workers need to be at their top level if they can when starting to work for the company, so in that order they will make no mistakes or at least the less possible. So that is the main reason why the employers do not let the people start working inmediately and learn from regular experience, so that they can avoid making mistakes and therefore avoid to elevate costs of money and time, etc.
every month a group of workers at orkden pharmacy meets at the company head office to discuss issues pertaining to equipment maintenance, workplace safety, and drug quality. the workers provide suggestions to the top management about how to solve most of these problems, but the decision to take any action is completely up to the top management. this group is an example of a(n)
Every month a group of workers at orkden pharmacy meets at the company head office to discuss issues pertaining to equipment maintenance, workplace safety, and drug quality. the workers provide suggestions to the top management about how to solve most of these problems, but the decision to take any action is completely up to the top management. this group is an example of employee involvement team
What is employee involvement?Employee involvement is defined as the active participation of employees in a company's mission and goals by contributing their own knowledge, skills, and energy to problem-solving and decision-making.
At the company's headquarters, a group of orkden pharmacy employees gather once a month to discuss concerns regarding workplace safety, equipment upkeep, and drug quality. Most of these issues are addressed by the workers' suggestions to the top management, but the choice to take any action is entirely up to the top management. This team is an illustration of an employee involvement group.
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D=8 H000, S=45. 00,H=2 wh hingat is EOQ, what happens if double,What happen if holding cost drop to half
The optimal order quantity for this product is approximately 848 units. The business could order fewer units to meet the same level of demand, which could result in lower holding costs.
In inventory management, EOQ stands for Economic Order Quantity. It is a mathematical formula that helps to determine the optimal order quantity that a business should place for a particular product to minimize the total cost of ordering and holding inventory.
Given the information provided, we can calculate the EOQ as follows:
EOQ = √(2DS/H)
where D = annual demand, S = setup cost per order, and H = holding cost per unit per year.
Substituting the given values, we get:
EOQ = √(2 x 8,000 x 45 / 2)
EOQ = √(720,000)
EOQ ≈ 848 units
If the demand doubles to 16,000 units, the EOQ formula would yield a new value, assuming that the other factors remain the same. The new EOQ would be approximately 1,196 units. This means that the business would need to place larger orders to meet the increased demand, which could result in higher ordering and holding costs.
If the holding cost drops to half, the EOQ formula would yield a lower value, assuming that the other factors remain the same. The new EOQ would be approximately 602 units. However, it is important to note that decreasing the holding cost too much could lead to stockouts and lost sales, which would negatively impact the business's revenue and customer satisfaction.
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Which one of the four factors of copyright is MOST important?
Answer:
the purpose and character of the use i think
Explanation:
Kaye Blanchard is 50 years old. She has $66000 of adjusted gross income and 15,200 of qualified medical expenses. She will be itemized her tax deductions this year. How much of a tax deduction will Kaye be able to deduct (assume 7.5 percent floor for deduction)?
Deductible amount is $10,250
A deductible is an expense that an individual taxpayer or a business can deduct from adjusted gross income when filling out a tax form. Deductible expenses lower taxable income and, as a result, the amount of income taxes owed.
Most wage earners take the standard deduction; however, those with extremely high deductible expenses can itemize to reduce their tax bill.
Individual tax deductions for individuals include student loan interest, self-employment expenses, charitable donation deductions, and mortgage interest deductions.
Payroll, utilities, rent, leases, and other operational costs are examples of business deductibles.
The amount of tax levied on the taxpayer is referred to as his or her income tax liability. It represents the total amount of tax owed to the government. Once paid, it will contribute to the total amount required by the government to fund its projects.
Threshold amount
=Adjusted gross income × Threshold rate
=$66,000 × 0.75
=$4950
Deductible amount
=Qualified medical expenses - Threshold amount
=$15,200 - $4950
=$10,250
Deductible amount is $10,250
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The American Labor movement was considered radical compared to what was happening in Europe. true or false
Answer:
true took the test brainliest please
What are some ways that you've seen department stores,online stores , online stores,or social media ads try to activate the amygdala and encourage you to buy products
I can provide some examples of how retailers and advertisers try to activate the amygdala and encourage consumers to make purchases.
One way is through the use of persuasive language that creates a sense of urgency or scarcity. Retailers may use phrases such as "limited time only" or "while supplies last" to create a sense of urgency, while online stores may use pop-ups or banners to display how many items are left in stock.
Another way is through the use of social proof, such as customer reviews or celebrity endorsements, to create a sense of popularity and desirability around a product. This can activate the amygdala by making consumers feel like they are missing out on something if they don't also make a purchase.
Additionally, personalization and targeted advertising can create excitement and anticipation for a product, while emotional messaging or imagery can create a positive association between the product and a particular feeling or lifestyle, such as happiness or luxury. These tactics can all activate the amygdala and encourage consumers to make an emotional connection with the product and ultimately make a purchase.
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calculate earnings per share (eps) under each of the three economic scenarios before any debt is issued. (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) a-2. calculate the percentage changes in eps when the economy expands or enters a recession. (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) b-1. calculate earnings per share (eps) under each of the three economic scenarios assuming the company goes through with recapitalization. (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b-2. given the recapitalization, calculate the percentage changes in eps when the economy expands or enters a recession. (a negative answer should be indicated by a minus sign. enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
A-1) Calculation of three different economic scenarios' earnings per share (EPS):
Econometric EPS =
A hypothetical scenario (Net Income / Common Stock Shares)
I Standard $4.57 (32,000/7,000)
ii) Growth $5.12 ($35,840/7,000)
iii) Recession $22,400/7,000 = $3.20
I Expansion = 12.04% ($5.12 - $4.57)/$4.57 * 100; b) Recession = -1.00% ($5.12 - $4.57)/$4.57 * 100; c) Balance Sheet Growth = -1.00% ($5.12 - $4.57)/$4.57 * 100;
ii) Recession equals -29.98% ($3.20 - $4.57)/$4.57 multiplied by 100
B-1. Calculation of EPS in three different economic scenarios following recapitalization
Debt interest equals $115,000 x 6%, or $6,900.
EBIT less $6,900 is net income.
1,250 shares of outstanding common stock (7,000 - $115,000/20)
Econometric EPS =
A hypothetical scenario (Net Income / Common Stock Shares)
1. Regular $20.08 ($25,100/1,250)
ii) Growth $23.15 ($28,940/1,250)
Recession (iii) $12.40 ($15,500/1,25
What is earnings per share?The earnings per share (EPS) of a corporation is calculated by dividing its net profit by the total number of outstanding common shares. A popular indicator for determining corporate value is EPS, which shows how much money a firm produces for each share of its stock.
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Structures the internal acStructures the internal accounting operations of an organisation within Controlling.Counting operations of an organisation within Controlling.
Answer:
Controlling area.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, account payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).
Typically, it's a field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time. Financial experts or accountant uses either the cash basis or accrual basis of accounting.
In Accounting, Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
Sap FICO is a finance and cost controlling module that avails a business firm or organization the ability to store all of their external and internal financial transaction data at the end of the trading period.
Controlling area structures the internal accounting operations of an organisation within "Controlling." Thus, it manages profits and costs of an organization which are necessary to provide informations to the management for proper decision-making and effective control of its resources.
You are classifying the following transactions into the different accounts of the U.S. Balance of Payments. 1. Target purchases clothing produced in Thailand that it will sell in its U.S. retail stores. 2. A U.S investor receives a dividend payment from a German firm in which he purchased stock. 3 A university bookstore in France purchases textbooks produced by a U.S. publishing company. Which of the answer choices is correct? a) All 3 transactions belong to the Capital Account. b) One transaction belongs to the Financial Account and two transactions belong to the Current Account c) All 3 transactions are Debit transactions.
d) All 3 transactions belong to the Financial Account. e) All 3 transactions belong to the Current Account. What is NOT an example of market imperfections? a) There are transaction and/or transportation costs b) Italy puts restrictions on capital flows. c) All factors of production are easily transferable. d) Labor cannot move freely from one country to another country. e) Countries impose import/export taxes
Target purchases clothing produced in Thailand that it will sell in its U.S. retail stores. A U.S. investor receives a dividend payment from a German firm in which he purchased stock.
This transaction represents an income received from foreign investment (dividend payment) and belongs to the Current Account. A university bookstore in France purchases textbooks produced by a U.S. publishing company.
This transaction represents an export of goods (textbooks) and belongs to the Current Account. Based on these classifications, the correct option is: b) One transaction belongs to the Financial Account and two transactions belong to the Current Account.
Market imperfections refer to factors that hinder the efficient functioning of markets. Among the given options, the one that is NOT an example of market imperfections is all factors of production are easily transferable. Therefore, option C is correct.
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Provider ______ is the difference between company understanding of customer expectations and the development of customer-driven service designs and standards.
Answer: Gap 1
Explanation:
The Gap model is used to better understand the problems involved in delivering superior services to customers which can then be overcome for better customer service.
There are 4 gaps and the relevant one here is Gap 1 which is the Listening Gap. Gap 1 is the difference between company understanding of customer expectations and the development of customer-driven service designs and standards.
This Gap is very important to note because the company cannot deliver to its customers effectively if it does not understand what they want in the first place.
Explain the various ways that personal property can be acquired by means other than purchase.
Answer:
Personal property can also be acquired if it's given to you as a gift, by simply finding it and through "accession."
Explanation:
Personal properties may be acquired not only by means of purchase. One way is when a person (donor) gives the property to another person (donee) as a gift. The donor may deliver the gift personally and the donee should accept the gift.
Another way is by simply finding the property. This should satisfy the fact that no one is claiming the property found other than the finder–provided that the finder is "NOT" a trespasser. The property found shouldn't be located inside a private property.
An example of "accession" is: when a person's pet dog gives birth to puppies, the puppies are immediate personal property of the owner.
1. Define Trade, Import and Export
2. List items the U.S. imports and exports.
Answer:
food and clothing
Explanation:
import is to bring things from a different country for sale. export is to give things to a different country or place for sale. trade is to transfer or exchange something from a different country.
project attributes will drive success and challenges in a project. what are the attributes of a project and the constraints?
The basic limitations that must be taken into consideration throughout the project life cycle are known as project constraints. For instance, a cost restriction restricts you to a particular project budget, whereas a time constraint requires you to finish your project by a certain date.
Successful projects are those that produce the anticipated business value and return on investment while also meeting business requirements, being delivered and maintained on schedule, being delivered and maintained within budget. It's critical to be open to learning if you want to succeed. Since nobody is perfect, it can be very helpful to be receptive to new concepts and methods of achieving your objectives.
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Which best describes a central bank's primary goals limiting inflation?
Lowering unemployment and maintaining price stability. Price levels change, unemployment rates drop, and economic development slows during economic ups and downs.
What is price stability?Monetary and fiscal policy attempt to support sustainable rates of economic activity by pursuing price stability. A very low rate of inflation or deflation is intended to be maintained by policy. Price stability in an economy refers to little or no change in the overall level of prices over time. In other words, there is no discernible degree of inflation or deflation; prices neither rise nor fall. Price stability is the main goal of monetary policy. In order to promote sustainable economic growth, the general price level in the domestic economy must stay as low and stable as feasible in order to achieve the goal of price stability.
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n 2003, the price of the new good, dogs, is 10. between the cpi and gdp deflator, which one is easier to calculate for 2003, using 2000 as the base year?
Economists argue that the GDP deflator is a more accurate measure of inflation since it accounts for all products and services, whereas the CPI only accounts for price movements in a defined basket of commodities. The GDP deflator is calculated by dividing nominal GDP by real GDP.
The GDP deflator is simpler to calculate than other inflation indices such as the CPI. The GDP deflator is not as often reported as the CPI. The CPI more accurately reflects the prices of goods and services purchased by consumers. The year used for reference in determining price changes using the GDP deflator price index; in a base year, the deflator is always equal to =100.
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