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1 year ago

Why do economists calculate gdp by both the expenditure approach and the income approach?.

1 answer:

5 0

Economists calculate GDP by both the expenditure approach and the income approach Since the combined estimates from the two approaches produce a more accurate measure of GDP, economists typically employ both methods to calculate GDP.

What is the full form of GDP?

Full form of the word GDP is Gross Domestic Product. GDP is the total financial or market value of all finished products and services produced within a country's borders during a specific period of time. It acts as a precise gauge of total domestic output and a comprehensive report card on the state of a nation's economy.

For instance, the building sector has expenditures that are incurred before there is revenue generated. Therefore, the spending strategy is more suited for this kind of industry.

In contrast, the revenue strategy is more suited for the service industry than the spending method.

To learn more about Approaches to calculate GDP, click the links

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Julli [10]

Answer: $744,000

Explanation:

The amount that should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020 will be:

First, we have to calculate the amortization recorded up to 2019. This will be:

= (1,240,000 / 10) x 2

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The we calculate the amortization to be recognized in 2020. This will be:

= (1,240,000 – 248,000) / 4

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The amount that should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020 will be:

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3 years ago

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Step-by-step explanation:

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3 years ago

Valorous Corporation will pay a dividend of $2.00 per share at this year's end (at t = 1) and a dividend of $2.50 per share at t

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Answer:

The maximum price that should be paid for one share of this stock today is $46.86

Explanation:

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3 years ago

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confirmation bias

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Confirmation bias is the tendency to search for, interpret, favor, and recall information in a way that confirms or strengthens one's prior personal beliefs or hypotheses. It is a type of cognitive bias.

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3 years ago

According to the mini-lecture and text, ___ % of a manufacturer's profit comes from repeat purchases and as a result this is why

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<u>90% </u>of a manufacturer's profit and income comes from repeated purchases from returning customers.

<h3>What is Lifetime Customer Value (LCV)?</h3>

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