Please find full question attached
Answer and Explanation:
Gross domestic product is calculated:
Gross Domestic Product(GDP) = Gross National Product (GNP) - Receipts of factor income from rest of the world + Payments of factor income to the rest of the world
So to find GDP, we calculate GNP
GNP = NNP+Depreciation
To calculate GNP, we calculate NNP:
Net national product (NNP) =national income, so we have,
NNP = $2,445 billion
GNP = NNP + Depreciation = $2,445+$75
GNP = $2,520 billion
So we substitute in GDP formula to calculate GDP
GDP = 2,520 - 70 + 50 = $2500 billion
GDP = $2,500 billion
Government consumption and gross investment= Government transfer payments + Non-residential investments
Government consumption and gross investment is given by G
G = 200+250 = $450 billion
G = $450 billion
Answer:
(a) $35,000
(b) $8,000
Explanation:
(a) Accounting profit:
= Total revenue - Explicit cost
= $75,000 - (wages + Annual rent + Material cost)
= $75,000 - ($13,000 + $5,500 + $21,500)
= $75,000 - $40,000
= $35,000
(b) Economic Profit:
= Total revenue - Explicit costs - Implicit costs
= $75,000 - (wages + Annual rent + Material cost) - (Income from investment + Earnings as a potter + Worth of entrepreneurial talents)
= $75,000 - ($13,000 + $5,500 + $21,500) - ($5,500 + $19,000 + $2,500)
= $75,000 - $40,000 - $27,000
= $8,000
Below is the complete question:
CANDIDATE: Thank you for agreeing to conduct some research to assess my potential as a candidate in the upcoming election.
CONSULTANT: You're welcome. As a first step, our team analyzed the other potential primary contenders. The reality is that with such a strong field, it is going to be difficult to gain the _______ of votes necessary to avoid a runoff unless you want to go negative from the start.
Answer:
Majority
Explanation:
The reality is that with such a strong field, it is going to be difficult to gain the MAJORITY of votes necessary to avoid a runoff unless you want to go negative from the start.
Answer:
Owners have limited liability.
Explanation:
A corporation is an entity , established by shareholders or individuals with the aim of making profit. It is a legal entity hence can enter into a contract, can also sue and be sued.
The legal process involved in the establishment of corporation is called incorporation. It contains the main reason why the corporation is in business, name and office address, types and number of shares to be issued.
Because the business is incorporated and also a legal entity, it means that the owners are protected personally should their be any litigation against the corporation. Moreover, the liability of the owners are limited to the investment in the corporation.
Answer:
1. <em>If this law of contributory negligence applies to the state, then Ramona will receive no compensation for the damages she sustained. </em>
<em>
</em>2<em>. If this law of comparative negligence applies to this state, then Ramona will get 100% - 20% = 80% of the damages incurred in the accident, from John which will be $80,000</em>
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Explanation:
In contributory negligence, the defense completely bars plaintiffs from any recovery if they contribute to their own injury through their own negligence.
<em>If this law of contributory negligence applies to the state, then Ramona will receive no compensation for the damages she sustained. </em>
<em>
</em>
In comparative negligence, the plaintiff's damages is award by the percentage of fault that the fact-finder assigns to the plaintiff for his or her own injury i.e the plaintiff's damage compensation is reduced by percentage of his/her percentage of fault.
<em>If this law of comparative negligence applies to this state, then Ramona will get 100% - 20% = 80% of the damages incurred in the accident, from John</em>
this is 80% of $100,00 which is equal to <em>$80,000</em>
