When using credit, you are giving up spending in the future to spend money now. This trade off involves costs (interest). So borrowing money from your future to buy now, will cost you more in the long run that paying cash.
Answer:
The answer is $3,237billions
Explanation:
Gross Domestic Product is the market value of all final goods and services produced within a country during a given period of time usually a year.
The formula is:
G + I + C + (X-M)
where G is government expenditure or purchases
I is private domestic investment
C is personal consumption expenditure
X is export
M is imports.
Therefore, GDP is
$470 + $320 + $2,460 + ($22-$35)
$3,250 - $13
$3,237billions.
Businesses can act ethically by being honest and fair
The relationship between the straight-line and double-declining-balance method is that they D. Produce the same total depreciation over an asset's useful life.
<h3>How are the straight-line and double-declining-balance methods related?</h3>
While they do not produce the same depreciation every year, they will eventually depreciate an asset in the same way overtime.
What this means is that both methods will depreciate an asset by the same amount at the end of the asset's life. However, the depreciation amounts will vary by method on an annual basis.
In conclusion, option D is correct.
Find out more on depreciation methods at brainly.com/question/26948130.
