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3 years ago

How does an economist calculate GDP for one year using the expenditure approach?

Business

2 answers:

charle [14.2K]3 years ago

7 0

1) B (goods used in the production of other goods)

2)A (add together all the amounts..)

3)C (the products and income that are not reported..)

4)D (gasoline)

5)C (Real GDP is based on constant prices; nominal GDP is based on the current year's prices)

100%

ryzh [129]3 years ago

6 0

An economist calculates the GDP for one year using the expenditure approach by adding together all the amounts spent on final goods and services. This also includes investments, government consumptions and net exports. The answer to the question would be choice A.

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2 years ago

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3 years ago

Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,700. Budgeted cash receip

tresset_1 [31]

Answer:

Cash borrow = $14,900.

Explanation:

Given,

The company budgeted ending cash balance is $30,700.

We know,

Budgeted ending cash balance = Budgeted beginning cash balance + Budgeted cash receipts - Budgeted cash disbursements + Budgeted cash borrow

Given,

Budgeted ending cash balance = $30,700.

Budgeted beginning cash balance = $18,700

Budgeted cash receipts = $186,500

Budgeted cash disbursements = $189,400

Budgeted cash borrow = ?

Putting the values into the formula, we can get

$30,700 = $18,700 + $186,500 - $189,400 + Cash borrow

Or, $30,700 - ($18,700 + $186,500 - $189,400) = Cash borrow

Or, $30,700 - $18,700 - $186,500 + $189,400 = Cash borrow

Or, $220,100 - $205,200 = Cash borrow

Or, $14,900 = Cash borrow

Or, Cash borrow = $14,900.

Therefore, cash borrow is $14,900.

3 0

3 years ago

An employee receives an hourly rate of $15, with time and a half for all hours worked in excess of 40 during the week. Payroll d

frozen [14]

Answer:

Net pay $569.88

Explanation:

Let the gross earnings be:

$15 * 40 = $600

$15 * 1.5 * 6 = $135

$600+$135

=$735

Withheld Federal income tax = $110

Social security tax rate =0.06* $735

= $44.10

Medicare tax rate = 0.015* $735

= $11.02

Net pay $569.88

($735 - $110 - $44.10 - $11.02)

Amount to be paid to the each employee will be $569.88

8 0

3 years ago

at the beginning of the month there were no units in beginning work in process and 115,000 units were begun during the month. At

vlada-n [284]

Answer:

The equivalent units for conversion costs is 87,000 units

Explanation:

First, we need to calculate the completed during the month

Completed units = Units begun during the month - Units in Work in process

Completed units = 115,000 - 40,000

Completed units = 75,000 units

Now calculate the equivalent unit in respect of conversion cost as follow

Equivalent units ( Conversion cost ) = Units completed in the month + ( Units in work in process x percentage of completion )

Equivalent units ( Conversion cost ) = 75,000 units + ( 40,000 x 30% )

Equivalent units ( Conversion cost ) = 75,000 units + 12,000 unints

Equivalent units ( Conversion cost ) = 87,000 units

8 0

3 years ago