Spending on capital goods, inventories, and structures, including the building of new homes, is considered investment for the purposes of computing GDP.
A country's gross domestic product (GDP) is the sum of the market capital goods values of all the finished products and services produced within its borders during a certain time period. It serves as a thorough assessment of a particular country's economic health as a wide indicator of entire domestic production.
While GDP is frequently estimated on an annual basis, it is also occasionally calculated on a quarterly basis. In the capital goods United States, for instance, the government produces an annualized GDP estimate for both the calendar year and each fiscal quarter. Since each set of data in this report is presented in actual terms, price changes are taken into account and the data is therefore net of inflation.
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The complete question is
For the purpose of calculating GDP, investment is spending on
a. stocks, bonds, and other financial assets.
b. real estate and financial assets.
c new capital equipment, inventories, and structures, including new house construction.
d. All of the above.
Answer:
B) $639,600.
Explanation:
when you use the gross method to record purchases, the journal entries should be as follows:
Dr Merchandise inventory 540,000
Cr Accounts payable 540,000
Dr Merchandise inventory 8,800 (freight charges)
Cr Cash 8,800
Dr Accounts payable 3,100 (returned merchandise)
Cr Merchandise inventory 3,100
Dr Accounts payable 536,900
Cr Cash 520,793
Cr Merchandise inventory 16,107
Merchandise inventory = initial balance + purchase + freight charges - returns - purchase discounts = $110,000 + $540,000 + $8,800 - $3,100 - 16,107 = $639,593 ≈ $639,600 (it's the closest option).
Answer and explanation:
<em>The house owner is correct</em> because <em>strict liability</em> applies in the case. Strict liability refers to the responsibility an individual or organization has over actions incurred even if there was no intention of causing property or personal injuries. Strict liability only considers if the action was the result of the damage.
Answer: In the markets for factors of production, "(B) households provide firms with labor, land, and capital.".
Explanation: Companies and households interact between 2 markets.
The market of goods and services: is one in which companies sell products and services to homes.
The market of productive factors: it is one in which households sell productive factors to companies so that they can produce goods and services.
Answer:
The correct answer to the following question will be Option B (Moral hazard).
Explanation:
Moral hazard happens whenever one individual takes further chances as the responsibility of such consequences rests with somebody else.
- Fred suffered from some kind of blockage of the nasal tissues that could have been resolved for around 2 months either by a procedure and via medical attention. Fred's doc warned him plainly the problem wasn't serious so he doesn't need an operation.
- However, Fred concentrated on either the blockage becoming surgically removed, becoming mindful that his private policy would fund the full cost of this operation.
The other given options are not related to the given scenario. So that the condition outlined here could be related to the "Moral hazard" issue.
