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pentagon [3]
3 years ago
11

Which of the following would not be counted in the calculation of GDP? Choose one or more: A. paying for a local garage to rotat

e the tires on your motorcycle B. government spending on social security C. buying a counterfeit designer purse from a guy in an alley D. paying for your tolls on the Pennsylvania Turnpike E. giving the dog a haircut and a bath F. buying a brand new car
Business
1 answer:
alex41 [277]3 years ago
5 0

Answer:

Correct options are: (D), (E), (F).

Explanation:

Since the dog seller does not pay taxes, he is evading tax and is therefore conducting illegal transactions. Illegal transactions are excluded from GDP.

Mowing the law does not have an imputed market value and is excluded from GDP.

Government spending on food stamps is a transfer payment since no value gets added in return, therefore is excluded.

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Harry has just inherited $300,000. Harry has decided to quit his job and go to school full time for the next five years by livin
never [62]

Answer:

$ 75131

Explanation:

Given:

Amount inherited = $ 300000

Present amount of annuity = $ 300000

Interest rate, i = 8% = 0.08

number of years, n = 5

Now,

the formula for the present amount of annuity is given as:

Present amount of annuity = P[\frac{1-(1+i)^{-n}}{i}]

where,

P is the periodic payment

n is the number of years

now, on substituting the values, we get

$ 300000 = P[\frac{1-(1+0.08)^{-5}}{0.08}]

or

$ 300000 = P × 3.993

or

P = $ 75131.48 ≈ $ 75131

hence, the amount he can withdraw is $ 75131

3 0
3 years ago
"_____ is a mechanism for gathering information about performance deficiencies after they occur."
Inessa05 [86]
Feedback Control <span>is a mechanism for gathering information about performance deficiencies after they occur.</span>
4 0
2 years ago
The equipment and structures available to produce goods and services are called
GrogVix [38]

Answer:

physical capital (c)

Explanation:

beep boop

8 0
2 years ago
Suppose you win the lottery and have two options: A. Take $1 million now. B. Take $1.2 million to be paid out as 300,000 now and
laila [671]

Answer:

A. Take $1 million now.

Explanation:

A. If we take $1 million now the present value of the money is $1 million.

B. If we choose to take $1.2 million paid out over 3 years then present value will at 10% will be;

$300,000 + $300,000 / 1.2 + $300,000/ 1.44 + $300,000 / 1.728

$300,000 + $250,000 + $208,000+ $173,611 = $931,944

The present value of option B is less than present value of option A. We should select option A and take $1 million now.

4 0
2 years ago
Carla Vista Co. issued $590,000, 10-year, 7% bonds at 101. Prepare the journal entry to record the sale of these bonds on Januar
34kurt

Answer:

cash             595,900 debit

     bonds payable               590,000 credit

     premium on bonds             5,900 credit

Explanation:

We have to record the issuance of the bonds:

<em><u>cash proceeds:</u></em>

face value x quote:

590,000 x 101/100 = 595,900

face value                <u> (590,000)</u>

<em>premium </em>                        5,900

<em>There is a premium as we are receiving more than we are going to pay at maturity.</em>

We will debit the cash proceeds form the bond

and credit the bonds and premium

6 0
3 years ago
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