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4 years ago

In the "social accounts", Net National Product ________ Indirect Business Tax (sales taxes) yields National Income (NI).

Business

1 answer:

Drupady [299]4 years ago

4 0

Answer:

Minus

Explanation:

Gross Domestic Product (GDP) is the aggregate of the market value of all the final goods and services produced in an economy in a given period.

Gross National Product( GNP): measures the market value of all the final goods and services produced by the citizens (nationals) of a country irrespective of where they reside. Also, incomes generated by foreigners are subtracted from the aggregate because they are not nationals.

GNP= GDP + Incomes earned by nationals from abroad - Incomes generated by foreigners

Net National Product (NNP) ; This accounts for the total value created in the economy after the depletion in capital has been accounted for. Production activities result in consumption and depletion in capital stocks (machines, roads and other infrastructures). To ensure that the economy restores its stock of capital after the accounting period, an amount for capital consumption is deducted from the aggregate income. It is called capital allowance or depreciation.

NNP= GNP - Depreciation

National Income (NI) aggregates all the incomes earned by all the economic agents in the economy. Using the expenditure approach, it is the case that money received by firms for the exchange of their goods and services are usually inclusive of consumption taxes- indirect taxes. These taxes are not part of the incomes earned by the firms, rather they are remitted to the government.

So indirect taxes are deducted from the aggregate to arrive at the National Income

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vladimir1956 [14]

Answer:

The correct answer is: market efficiency; government intervention; specialization; equilibrium.

Explanation:

The owner of the snow cones realizes that the demand for snow cones has decreased in winter, and thus, closes shop to open back. This is an example of market efficiency.

The local river is being polluted too much because of the amount of chemicals being dumped in the river. The government puts regulation on the amount of chemicals being dumped. This is an example of government intervention in the economy.

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The favorable whether leads to increase in supply of oranges. This causes a rightward shift in supply curve. The price of oranges fall as a result. This is an example of change in equilibrium.

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3 years ago

Wichasha, an african country, exports barley and cotton worth $100 million to illema, a european country, and it imports sugarca

max2010maxim [7]

Answer: Balance of Trade

Explanation:

Balance of trade is the difference between the value of exports from a country and the value of imports into the country. When the value of exports is greater than imports, the balance of trade is positive and the country has a trade surplus. While, when the value of exports is less than the value of imports, the balance of trade is negative and the country has a trade deficit.

In this case, Wichasha's exports is higher than the total value of its imports so, it has a trade surplus or positive balance of trade.

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3 years ago

Kasen has left 30 acres of land to the First Church of Magnolia with the condition that it shall own and have rights to it forev

vichka [17]

Answer: Fee simple defeasible.

Explanation:

A fee simple defeasible is a transfer of property that has conditions placed on the property. The holder of a fee simple defeasible has the property as a "fee simple" subject to the given condition. In a case whereby the condition is not met or violated then the property will go back to the grantor or a specified third party.

In this case, if the first church of Magnolia allows alcohol to be sold on the land, the property will be given back to Kasen or his heirs.

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4 years ago

Which of the following is NOT an example of using the right

Tamiku [17]

Answer:

i feel like the last one

Explanation:

it seems the best one to pick

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3 years ago

EFG Company experienced a reduced demand for its products during a recession. EFG managers were considering laying off some work

Yuliya22 [10]

Answer:

A) experience rating.

Explanation:

In Insurance, An experience rating is a rating method used by the insurance company to calculate workers' compensation insurance and to determine the amount of loss that an insured party experiences compared to the amount of loss that similar insured parties experienced.

EFG Company's managers could use it to calculate their experience modification factor i.e premiums up or down.

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3 years ago