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Nikitich [7]
4 years ago
7

Indicate whether each of the following is counted in the United States Gross Domestic Product for the year 2008. Explain your an

swers. a. The value of a textbook sold through an online auction in 2008. b. Rent paid in 2008 by residents in an apartment building built in 2000. c. Commissions earned by a stockbroker in 2008. d. The value of automobiles produced in 2008 entirely in South Korea by a firm fully owned by United States citizens. e. The federal government opens a new military base in Iraq with 1000 U.S. personnel.
Business
1 answer:
Ilia_Sergeevich [38]4 years ago
5 0

Answer:

Option A, B and C will be included in the consumption

Option D is excluded from GDP computation.

Option E is included in the Government spending.

Explanation:

Option A, B and C will be included in the consumption because all of the in-home purchases are considered as consumption which in this case is included as rental payments, textbook sold and commissions earnings for the year.

The investments in the foreign countries of US citizen are considered as imports in the year when they are made. However, the foreign assets of US citizens are not included in the GDP computation. Hence Option D is excluded from GDP computation.

The opening of military base required investment from the US federal government which is for the defense budget. This government spending of money will be included in the government spending. Hence Option E is included in the GDP computation.

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Whenever significant expansionary policies are implemented and left in place for at least half a year or more, the likely result
ankoles [38]

Answer:

It starts effecting price level - inflationary pressure in economy.

Explanation:

Expansionary policies are aimed at increasing Aggregate Demand, by Fiscal or monetary approach.

Fiscal expansion policy include increasing government public expenditure, reducing government tax revenue. Monetary Expansion policy aim include credit expansion - from decreased LRR, decreased bank rate, decreased marginal requirement etc

Significant expansion policy left for more than half an year, start exerting inflationary pressure on the economy price level.

8 0
3 years ago
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Tyler Holdlong owns a small retail property that he inherited from his father. There are no mortgages or interest expenses conne
boyakko [2]
I think it’s b good luck
4 0
3 years ago
Allison corporation acquired 90 percent of bretton on January 1, 2016. Of Brettons total acquisition date fair value, $60000 was
Illusion [34]

Answer:

Hello your question is incomplete attached below is the complete question

answer : consolidated Total sales = $1008000

Explanation:

Determine the consolidated totals for sales

to get the consolidated totals for sales we have to add up the two book values then subtract $92000 ( which is the entity transfers )

Consolidated Total sales = ($70000 + $400000 ) - $92000

                                          = $1100000 - $92000 = $1008000

8 0
3 years ago
ABC Inc. was incorporated two years ago by issuing 5,000 shares of common stock at $400 each and borrowing $240,000 from a bank
trapecia [35]

Answer:

Total Asset = $2,598,200

Explanation:

Accounting equation : Asset = Equity + liabilities

Equity =common stock + retained earnings

          = ( 5000*$400) + (40000 - 1800)

          = $2,000,000 + 38200

          = $2,038,200

Liabilities = $240,000 + 320000

               = $560,000

Total Equity and Liabilities = 2038200 + 560000

                                            = $2,598,200

double entry principle helps to ensure that the accounting equation is done e.g when common stock is issued contra entry is bank if cash is received.

6 0
4 years ago
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Assume a firm's resources and capabilities are costly to imitate. This is because rival companies do not clearly understand the
Nana76 [90]

Answer:

True

Explanation:

A core competency refers to those unique capabilities built by an organization which are hard to imitate by rivals and which give such an organization a competitive advantage over the rivals.

A casual ambiguity refers to the state of non clarity with respect to how consequences relate to the initial state of a phenomenon.

In the case of firm, the phenomenon being the built up to core competency which the rivals are unable to decipher with respect to the relationship between the firm's resources and capabilities.

6 0
3 years ago
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