1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SOVA2 [1]
2 years ago
12

National income and product data are generally revised. what effects would the following revisions have on consumption, investme

nt, government purchases, net exports, and gdp?
Business
1 answer:
Flauer [41]2 years ago
8 0

The effects are:

1) There will be a $24 million boost in GDP and consumption.

2) Net exports will decrease by $29 000 while consumption rises by $29 000. GDP stays the same.

3) The GDP and investment will both rise by $12.43 million.

2) Net exports will fall by $23.12 million, while investment rises by that same amount. GDP stays the same.

Complete Question: National income and product data are generally revised. What effects would the following revisions have on consumption, investment, government purchases, net exports, and GDP?

1.) It is discovered that consumers bought $24 million more laptops than previously thought. The computers were manufactured in California.

2.) It is discovered that consumers bought $29 thousand more laptops than previously thought. The computers were manufactured in China.

3.) It is discovered that businesses bought $12.43 million more laptops than previously thought. The computers were manufactured in California.

4.) It is discovered that businesses bought $23.12 million in more laptops than previously thought. The computers were manufactured in China.

National Income: The whole of a country's current production income, comprising interest, rental income, business after-tax profits, and employee remuneration, is known as National Income.

To learn more about National Income, visit the following link:

brainly.com/question/20519015

#SPJ4

You might be interested in
Sweet Tooth Candy Company budgeted the following costs for anticipated production for August:
lidiya [134]

Answer:

Fixed costs= $73,760

Variable cost= $159,430

Explanation:

<u>First, let's separate the factory overhead costs:</u>

<u></u>

Power and light 40,450

Factory insurance 23,560

Production supervisor wages 118,980

Production control wages 30,930

Factory depreciation 19,270

<u>Now, the fixed and variable costs:</u>

Fixed costs= Factory insurance 23,560  + Production control wages 30,930 + Factory depreciation 19,270

Fixed costs= $73,760

Variable cost= Power and light 40,450 + Production supervisor wages 118,980

Variable cost= $159,430

6 0
2 years ago
What GPA do you need to get into the Junior Honor Society?
serious [3.7K]

Answer:

you need a 4.0 gpa to be in the junior honor society

Explanation:

cause

3 0
3 years ago
Read 2 more answers
Annette drove through an intersection without looking and hit Vincent's car that he had driven into the intersection without obe
Papessa [141]

Answer:

$70,000

Explanation:

Under a Comparative negligence theory,

When an accident occurs, the blame or fault is determined by the contributions of each party towards the accident.

In a pure comparative negligence theory, the victim or plaintiff who files a case, sue the other party and received some part of the damages and hence each party receives the amount related to their damages minus the part of their fault.

In our case, Annette fault contributes 30% to the collision and determined that her total loss was $100,000.

So, Annette will recover:

= Total loss - 30% of fault

= $100,000 - 0.3 × $100,000

= $100,000 - $30,000

= $70,000

4 0
3 years ago
If expected inflation rises, the long-run Phillips curve will
noname [10]
Even though the Phillips curve is an empirical model has historically shown that the rate of unemployment and the rate inflation is inversely proportional, this is only observed in the short-run. In a graph, this is shown as non-linear.

The Long-run Phillips curve, on the other hand, is linear. This means that there's no constant trade-off with regard to inflation & unemployment.
4 0
3 years ago
The accountant for Lola Corp. was preparing a bank reconciliation as of February 28, 2017. The following items were identified:
ryzh [129]

Answer:

See below

Explanation:

Computation of Lola's Corp adjusted cash book balance at February 28, 2017

Lola Corp's book balance

$35,900

Add:

Interest earned on checking account

$75

Less:.

Customer's NSF check returned by the the bank

$325

Add:

Error in recording customer's check

($110 - $101)

$9

Adjusted cash balance

$35,659

Therefore, Lola Corp's adjusted cash book balance as at February 28, 2017 is $35,659

5 0
2 years ago
Other questions:
  • Rodeo ranch's agent slim is authorized to draw checks on rodeo ranch's account in town bank. upper range corporation is a rodeo
    13·1 answer
  • Annapolis Company has two service departments (Computer Operations &amp; Maintenance Services). Annapolis has two production dep
    13·1 answer
  • A​ monopolist's maximized rate of economic profits is ​$1500 per week. Its weekly output is 500 ​units, and at this output​ rate
    7·1 answer
  • You are installing a new computer system with
    12·1 answer
  • Joshua is in the new marketing department of a midsized car accessories company. He is working on the first marketing plan the f
    8·1 answer
  • When the US government becomes aware of economic changes, the discovery is most likely to influence how the nation allocates res
    15·2 answers
  • A basic finding of labor economics is that workers who have more experience in the labor force are paid more than workers who ha
    15·1 answer
  • A large group of fans are upset about the high price of tickets to many events. As a result of their lobbying efforts, a new law
    8·2 answers
  • Focus groups should be comprised of how many people? Three to five people Six to eight people Eight to 12 people 10 to 12 people
    14·1 answer
  • Use the following information (presented in random order) to complete an Income Statement and Balance Sheet. The name of the bus
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!