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Sladkaya [172]
2 years ago
6

The nominal gdp of the u.s. in 2015 was approximately​ $17.3 trillion. this means that

Business
1 answer:
Nataly [62]2 years ago
8 0
<span>This means that:

-the value of output in 2015 was around $17.3 trillion
-total income in 2015 was around $17.3 trillion
-total spending in 2015 was around $17.3 trillion

Value of output and total spending has basically similar meaning because they account for the total amount required to produce all output/product within the period.
Assuming that it's all gonna be sold, the total income will be at least close to the amount needed for production because the nominal GDP is evaluated at current market prices.</span>
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An annual reporting period consisting of any twelve consecutive months is known as:___.
Kaylis [27]

An annual reporting period consisting of any twelve consecutive months is known as Fiscal year.

The government and enterprises utilize a fiscal year (FY), usually referred to as a budget year, as the time frame for accounting to create annual financial accounts and reports. A fiscal year may not end on December 31 and is made up of 12 months or 52 weeks.

Government accounting, which differs between nations, and budgeting employ a fiscal year. Additionally, it is employed by companies and other organizations for financial reporting.

Companies and workplace groups use a fiscal year, which is a 12-month period, to submit, review, and communicate their financial accounts, budgets, and objectives. This period of time need not follow the conventional January to December calendar year pattern. Every company has a unique nature when it comes to generating revenue and succeeding.

Learn more about fiscal year here

brainly.com/question/14504946

#SPJ4

4 0
1 year ago
A cylindrical candle that is 15 cm high has a diameter of 8 cm. Sketch
drek231 [11]

Answer:

  • See the figure attached with the sketch of the shape.
  • Volume = 0.75m³

Explanation:

The<em> sketch </em>of the <em>shape</em> is shown on the diagram attached indicating the <em>height </em>(<em>15 cm</em>), the <em>diameter</em> (<em>8cm</em>), and the radius (4cm).

The<em> volume</em> of a <em>cylindrical </em>shape is calculated with the formula:

      Volume=\pi \times radius^2\times height

The radius is half the diameter: 8cm / 2cm = 4 cm.

To express in terms of m (meters) convert the radius and the height from cm to m:

  • 15cm × 1m/100cm = 0.15m
  • 4cm × 1m/100cm = 0.04m

Substitute in the formula and compute:

        Volume=\pi \times (0.04m)^2\times (0.15m)\\ \\ Volume=0.75m^3

6 0
2 years ago
Flora Cult Inc., an exporter of flowers across the globe, operates in an industry where there are many sellers and buyers. This
Ann [662]

Answer:

Pure Competition

Explanation:

There are 4 types of marketing competitions which are;

1.monopoly

2.monopolistic competition

3. oligopoly

4. pure competition.

Of these 4 competitions, a pure competition is the answer to the above question because by definition, a pure competition is one in which there are no barriers to competition and there a lot of suppliers.

in pure competition, manufacturing companies have little to no say at all on the prices of products as any increase from any company will force consumers to look in another company's direction for the same product.

we can therefore say in summary that <u>a Pure competition is a competition in which a lot of companies sell their products at a unified price.</u>

<u />

Cheers.

4 0
3 years ago
Which of the following is not a type of savings account?
Step2247 [10]
Savings Bond D. Its Not A Account Because its a "Bond" Between Saving Money
4 0
3 years ago
Read 2 more answers
Which of the scenarios are examples of free riding? Bob can pay to support his local public radio station, which depends on dona
Helen [10]

Answer:

Bob can pay to support his local public radio station, which depends on donations to be as effective as possible. Bob listens to the radio station several hours per day but never donates since he suspects that other people will donate enough to keep the station on the air.

Jim is working on a group project for a class in which he wants a high grade. However, since the grades are assigned to the group as a whole and he knows that the other group members will pick up most of the extra work, Jim calls in sick and plays video games on his Dream Station 64

Explanation:

Free riding is a form of market failure where a person who benefits from a good or service doesn't pay for it.

Bob enjoys the radio but doesn't support it and Jim doesn't participate in the group project but expects to earn a good grade; these are examples of free riding.

Karl doesn't benefit from the street light and doesn't pay; hence, he is not free riding.

I hope my answer helps you.

5 0
3 years ago
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