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jasenka [17]
3 years ago
5

What does the investment component of GDP measure? a. spending on domestically produced goods by foreign buyers b. spending by h

ouseholds on goods and services c. spending on goods to be used in future production d. spending by government agencies on goods and services A good produced in the current time period but put into a firm's inventory instead of being sold a. is excluded from current GDP. b. is considered unsold inventory and counted as a part of investment in current GDP. c. is counted as consumption in current GDP since it was produced in the current time period. d. is only included as a part of consumption in future GDP when it is sold.
Business
1 answer:
viktelen [127]3 years ago
6 0

Answer:

1) The correct answer is letter "C": spending on goods to be used in future production.

2) The correct answer is letter "B": is considered unsold inventory and counted as a part of investment in current GDP.

Explanation:

1) The Gross Domestic Product (GDP) considers four (4) components: <em>Consumption, Investment, Government, </em>and <em>Net Exports</em> (exports-imports). Investments refer to all goods that are purchased to produce other goods in the future. Final goods to be used or to replace others do not fall into this category.

2) The output of a company is computed within the GDP. Even if the output is not sold after production but it is recorded as part of an organization's inventory, it will be considered in the calculation of the GDP of the year when the production of the good took place.

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iragen [17]

Answer:

The direct labor cost cannot be ascertained from the information given in the question

Explanation:

Direct materials+Direct labor cost= $8300000

In order to determine the labor cost of the  $8300000, we need a clue as to the percentage of the labor cost in the total of  $8300000 or the portion of  $8300000 that belongs to direct materials.

Since such a hint is missing,we can simply guess, costs  incurred cannot be shared out on a basis that has no relationship with reality,hence, the correct answer is that the direct labor cost cannot be determined based on details provided.

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The price of a Honda Accord
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Answer:

d. is a nominal variable and the price of a Honda Accord divided by the price of a Honda Civic is a real variable.

Explanation:

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real value on the other hand is been measured based on goods/services, it's is the value even when inflation has set in.

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The Wheat Company has used the LIFO method for inventory valuation since the start of business 15 years ago. The current year en
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Answer:

Explanation:

Question 27

If Wheat Company had used the FIFO inventory method, income before income taxes would have been $75,000 higher in the current year. As inventory is an asset to the company. Therefore the $75,000 in inventory would have increased the company's asset and increasing the income before taxes.

Question 28

Other things held constant, which of the following will NOT affect the current ratio, assuming an initial Not yet current ratio greater than 1.0?

C. Accounts receivable are collected in cash.

Current ratio measures a company's ability to pay short-term obligations as at when due. It indicates that a company can manage its debts and other payable when their current assets is well managed.

It is calculated as Current Asset/ Current Liability. A ratio of 1 and above is the best meaning that a company an manage its debts obligations well.

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