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brilliants [131]
3 years ago
12

The ratio of a country's exports to its total output (GNP or GDP) Select one: a. is known as the index of openness. b. provides

a rough measure of the importance of international trade to that economy. c. if calculated for the United States would be quite low. d. All of the above. Clear my choice Question 2 Answer saved Points out of 1.00 Not flaggedFlag question Question text The difference between a country's Gross National Product (GNP) and its Gross Domestic product (GDP) is that Select one: a. GNP refers to production within the nation while GDP refers to production by domestic factors no matter where they are located. b. GNP is always bigger than GDP. c. GDP refers to production within the nation while GNP refers to production by domestic factors no matter where they are located. d. All of the above are true.
Business
1 answer:
AlexFokin [52]3 years ago
5 0

Answer:

1. d. All of the above are true.

2. c. GDP refers to production within the nation while GNP refers to production by domestic factors no matter where they are located.

Explanation:

1. The ratio of country's exports to GDP is known as trade-to-GDP ratio or the index of openness. This ratio main objective is to measures the importance of international trade in an economy and its usually remain high for developing countries.

2. The only difference between GDP and GNP is that of net factor income from abroad. While GDP only takes into account production of goods and services within the country's borders; GNP takes into account production of all economy owned identities, no matter where they are located.

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Ivanshal [37]

This demonstrates a difficulty in crafting a global communication strategy.

The question says that the nation of China is very much controlling the media in the country. This has made it difficult for businesses to communicate with their users.

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This problem may be more difficult in a case where the business is a foreign market.

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3 0
2 years ago
Sheffield Company discovered the following errors made in January 2022.
Tasya [4]

Answer:

A)

1. Dr Cash 400

    Cr Equipment 400

Dre Wages expense 400

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2. Dr Service revenue 550

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3. Dr Accounts payable 260

    Cr Equipment 260

Dr Equipment 620

    Cr Accounts payable 620

B)

1. Dr Wages expense 400

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2. Dr Cash 4,950

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4 0
3 years ago
During 2018, Hardy Merchandising Company purchased $19,000 of inventory on account. Hardy sold inventory on account that cost $1
choli [55]

Answer:

a-

[Find solution in the attachment]

a- 2)

Balance of accounts receivable at the end of 2018 = $2,400

Solution b:

Balance of accounts payable at the end of 2018 = $7,100

Solution c:

Gross margin = Sales - COGS = $21,400 - $14,300 = $7,100

Net Income = Gross margin - Operating expenses = $7,100 - $3,900 = $3,200

Solution d:

Cash flow from operating activities = Cash received from customer - Cash paid for accounts payable - Cash paid for operating expenses = $19,000 - $11,900 - $3,900 = $3,200

3 0
3 years ago
David ungar holds a dunkin' donuts franchise. The terms of his franchise agreement require him to use only those ingredients fur
Andrej [43]

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To conclude,David may not be wrong with his idea but since dunkin' doughnuts is a big business with a good brand image...it has its' terms and requirements.

5 0
3 years ago
Suppose you are studying economics. If you weren't studying economics, you would be studying literature, raising your grade in t
german

Answer:

a letter grade in literature

Explanation:

Opportunity cost or implicit is the cost of the next best option forgone when one alternative is chosen over other alternatives.

If i weren't studying economics, i would be studying literature. Thus by studying economics, i am forgoing the opportunity to study literature This is my next best option and thus my opportunity cost

8 0
3 years ago
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