All categories

2 years ago

Which of the following items is included in GDP?

Business

1 answer:

loris [4]2 years ago

7 0

Answer:

B. All the above are included in GDP.

Explanation:

GDP is a measure of an economy’s total production and in most cases, it is used to determine how developed or how grown a certain economy is. To calculate the GDP, we take into consideration every form of production within the country. Factors such as consumption expenditure, private domestic investment, government spending, imports and exports are all determinants of GDP. Therefore, the sale of stocks and bonds, sale of services and the sale of used goods, collectively are included in calculation of GDP. Hence the correct answer is B.

You might be interested in

After all of the account balances have been extended to the Balance Sheet columns of the end-of-period spreadsheet, the totals o

SOVA2 [1]

Answer:

This indicates that

d.the company has a net loss of $9,575 for the period.

Explanation:

a) Data and Calculations:

Total debits of the balance sheet (assets) = $28,480

Total credits of the balance sheet (liabilities + equity) = $38,055

Difference (net loss) = $9,575 ($38,055 - $28,480)

b) With the determination of the net loss of $9,575, the two sides (debits and credits) of the balance sheet will equal. This is because the net loss of $9,575 will reduce the credits from $38,055 to $28,480.

5 0

2 years ago

Use the following information to compute NET INCOME.

maks197457 [2]

Answer:

c. $1,890

Explanation:

As for the provided information, we have

Net income is the income after allowing expenses of every nature, and after taxes, but does not include the dividend as is not an expense but allocation or distribution of profits.

Thus net income shall be as follows:

Sales - Expenses

Sales = $10,000

Expenses = $4,000 + $1,100 + $1,750 = $6,850

Profit before taxes = $3,150

Less: Taxes @ 40% = $1,260

Net Income = $1,890

Correct option is

c. $1,890

5 0

2 years ago

Some time ago, Tracie purchased two acres of land costing $67,900. Today, that land is valued at $64,800. How long has she owned

Nostrana [21]

Answer:

She possessed the land for 3.14 years.

Explanation:

3Giving the following information:

Present Value (PV)= $67,900

Future Value (FV)= $64,800

Decrease rate (d)= 1.5%

<u>To calculate the number of years passed, we need to use the following formula:</u>

n= ln(FV/PV) / ln(1+i)

n= ln(64,800 / 67,900) / ln(1.015)

n= -3.14 years

She possessed the land for 3.14 years.

6 0

2 years ago

A fast-growing form of foreign direct investment is sovereign wealth funds (SWFs). Why do these investments by governments with

artcher [175]

The investments by governments with surplus cash flows worry trade experts as it leads to government gaining control of natural resources.

<h3>What is an investment?</h3>

It should be noted that an investment simply means a way to creating further revenue by the investor.

In this case, the investments by governments with surplus cash flows worry trade experts as it leads to government gaining control of natural resources.

Learn more about investment on:

brainly.com/question/11514232

#SPJ1

7 0

1 year ago

Swifty Industries purchased $10,100 of merchandise on February 1, 2020, subject to a trade discount of 10% and with credit terms

Sonbull [250]

Answer:

perpetual method

Inventory 9090 debit

Accounts Payable 9090 credit

--to record purchase--

Accounts Payable 2340 debit

Inventory 2340 credit

--to record returned goods--

Accounts Payable 6750 debit

Inventory 202.5 credit

Cash 6547.5

--to record payment within discount--

periodic method:

Purchase 10,100 debit

Accounts Payable 10,100 credit

--to record purchase--

Accounts Payable 2,600 debit

Purchase Returns 2,600 credit

--to record returned goods--

Accounts Payable 7,500 debit

Purchase Discount and Allowance 952.5 credit

Cash 6547.5 credit

--to record payment within discount--

Explanation:

Perpetual mehod;

10,100 x (1 - 10%) = 9,090

2,600 x (1 - 10%) = 2,340

balance 9,090 - 2,340 = 6,750

discount 6,750 x 3% = 202.5

Period method:

purhcase 10,100

return 2,600

discount and allowance: 7,500 - 6,547.5 = 952.5

8 0

2 years ago

Read 2 more answers