Answer:
c. expenditures of all businesses in the economy.
Explanation:
GDP is the sum of all final goods and services produced in an economy within a given period which is usually a year.
GDP can be calculated in 3 ways:
1. Expenditure approach : consumption spending + Investment spending + Government Spending + Net Export
expenditures of all businesses in the economy is used in the calculation of GDP using the expenditure approach.
2. Income approach: it is the sum of all income from all production in the economy.
3. Value added approach: it is sum of the value of all final production.
I hope my answer helps you
Answer:
the processes by which money enters into circulation the buying and selling of government securities to alter the supply of money
Explanation:
Open market operations are one of the tools that the Fed uses to regulate the supply of money and credit in the economy. It entails buying or selling if securities in the market to either increase or decrease the amount of money in circulation. Open market operations can be used for either expansionary or contractionary policies.
Should the Fed observe that the economy is slowing down, it may result in buying securities and bonds from the banks. The act of buying increases the cash available for in the banks. If the reserves are constant, it means banks will be holding excess cash. Banks will resort to lending to firms and individuals, which increases the money supply in the market.
Answer:
b. Manufacturing overhead applied to Work in Process for the month was $66,000
Explanation:
In posting the journal entries for a manufacturing company, the total of the amount on the credit side of the Manufacturing Overhead account represents the amount applied to and to be posted to the debit side of the Work in Process to complete the double entries.
Therefore, the correct option form the question is b. Manufacturing overhead applied to Work in Process for the month was $66,000.
