The high-income economies of the world contain approximately <u>12%</u> of the world’s population and produce and consume <u>60% </u>of the world’s GDP.
Gross Domestic Product is a complete measure of U.S. economic activity. GDP measures the value of the very last goods and offerings produced in the u.s. (without double counting the intermediate items and services used up to provide them).
Gross domestic product is an economic measure of the market price of all of the very last goods and offerings produced in a selected term through international locations. Due to its complicated and subjective nature, this degree is regularly revised before being taken into consideration as a reliable indicator.
GDP may be calculated by means of adding up all the money spent by using consumers, agencies, and the authorities in a given duration. It may additionally be calculated by means of adding up all the money received by all of the contributors to the economy. In either case, the wide variety is an estimate of "nominal GDP."
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The rate of return on an investment is the investors gain or loss on the investment over a period of time.
Answer:
Debit Credit
Bank/Cash $200,000
Bonds payable $200,000
Explanation:
The journal entry which shall be recorded by Meister Company in its accounts in respect of bonds issued by it, on January 1, 20X1, is mentioned below:
Debit Credit
Bank/Cash $200,000
Bonds payable $200,000
