Answer and Explanation:
Gross domestic product does not include the value of the stocks and bonds bought and sold because these sales and purchases are not economic
Investment and should be counted as production of final goods and services.
Gross domestic product (GDP) is the total amount of goods and services produced and consumed within the country
Answer:
a. Incremental analysis.
b. Sunk cost.
c. Relevant information.
d. Opportunity cost.
e. Joint products.
f. Out-of-pocket cost.
g. Split-off point.
Explanation:
a. Incremental analysis: examination of differences between costs to be incurred and revenue to be earned under different courses of action.
b. Sunk cost: a cost incurred in the past that cannot be changed as a result of future actions. Sunk cost can be defined as a cost or an amount of money that has been spent on something in the past and as such cannot be recovered.
c. Relevant information: costs and revenue that are expected to vary, depending on the course of action decided on. Hence, relevant cost are relevant for decision-making purposes but not sunk costs.
d. Opportunity cost: the benefit foregone by not pursuing an alternative course of action. Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
e. Joint products: products made from common raw materials and shared production processes.
f. Out-of-pocket cost: a cost yet to be incurred that will require future payment and may vary among alternative courses of action.
g. Split-off point: the point at which manufacturing costs are split equally between ending inventory and cost of goods sold. Thus, it give rise to joint products that emerge from the same raw materials and a shared manufacturing process.
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Answer:
Explanation:
Given:
Today:
Number of printers = 6
Work duration = 12 hours
Tomorrow:
Work duration = 8 hours
At the same rate of printing,
If 6 printer were used to print newspapers for 12 hours.
Only 1 printer will work for 12 × 6 hours at the same rate
But is the printers were 8, (12 × 6)/8
= 9 printers.
Initial number of printers = 6 printers
Additional printers to be purchased = 9 - 6
= 3 printers
Elementary and secondary education (22%), public welfare (21%), higher education (10%), health and hospitals (9%), police and corrections (6%), highways and roads (6%)
