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chubhunter [2.5K]
2 years ago
11

Total output of an economy can be divided into its alternative uses by considering who bought the output. when other countries p

urchase part of an economy's output, this is called?
Business
1 answer:
bija089 [108]2 years ago
6 0

Total output of an economy can be divided into its alternative uses by considering who bought the output. when other countries purchase part of an economy's output, this is called Gross Domestic Product [GDP],

<h3>Gross Domestic Product</h3>

The total monetary or market worth of all the finished goods and services produced within a nation's boundaries during a certain time period is known as the gross domestic product (GDP). It serves as a thorough assessment of the state of the economy in a particular nation because it is a wide indicator of total domestic production.

Although it is often calculated on a yearly basis, GDP can also be computed on a quarterly basis. For instance, the US government estimates the annualized GDP for the entire year as well as each fiscal quarter.

To know more about 'GDP', visit :brainly.com/question/1383956

#SPJ4

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Economists often are interested in percentage change from one period to the next. The percentage rate of change of gross domesti
Andreyy89

Answer:

The growth rate of the U.S economy in 2011 was 5.65%

Explanation:

This is a simple calculation

We use this formula to calculate percent changes from one period to another:

% change = \frac{New Value - Old Vaue}{Old Value} * 100

We have that the GDP for 2010 was $11,150 billion and the GDP in 2011 was $11,780 billions we then apply the formula:

% change = \frac{11,780 - 11,150}{11,150} * 100

% change = \frac{630}{11,150} = 0.056 * 100 = 5.65%

This means that the growth rate of the U.S economy in 2011 was 5.65%

7 0
3 years ago
It is estimated that between 1899 and 1924, about 2.1 million italians left the u.s. while almost ____ million arrived.
Semmy [17]
<span>About 3.8 million persons arrived in Italy during the period 1899 and 1924. This amount is far greater that the amount that left during that period.</span>
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3 years ago
Why do many advertising sales agents work on holidays and weekends? Explain
Black_prince [1.1K]

Answer:

Advertising sales agents work on holidays and weekends because that is when people buy. For example, during Christmas they are working advertising products so people will buy for Chirstmas. It is the biggest part of the year where people buy products and they need to work to advertise to consumers to buy their products.

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3 years ago
Read 2 more answers
Match each type of tax with its correct description.
Masja [62]

Answer:

1. Medicare tax.

2. Local income tax.

3. Federal income tax.

4. Social Security tax.

5. State income tax.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

The various type of tax with their correct description are;

1. Medicare tax: it is used to support healthcare costs for retired workers. An example is the Affordable Care Act (ACA) which became effective on the 23rd of March, 2010 and it's focused on making affordable health insurance available to qualified people or households through cost-sharing reductions and premium tax credits (subsidies).

2. Local income tax: it is collected by town, school district, counties and cities to fund city or community programs.

3. Federal income tax: it is collected from most workers, who pay up to 39.6 percent of their earnings. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.

4. Social Security tax: it is used to provide financial support to retired and disabled workers. In the United States of America, the Social Security Administration (SSA) adopted the Old-Age, Survivors, and Disability Insurance (OASDI) program to support retired and disabled workers.

5. State income tax: it is collected from workers in most states to fund their budget and the rate differs from state to state.

9 0
3 years ago
What is the journal for : Incurred loan of $1000 from swiss bank. ?​
Fiesta28 [93]

Answer:

DR: Cash $1000

CR: Loan Payable $1000

Explanation:

N/A

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