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2 years ago

Which of the following is excluded from calculations of GDP?

Business

1 answer:

Vinil7 [7]2 years ago

8 0

Answer: All of the above.

Explanation: None of the listed options would be included when calculating the gross domestic product of a country. This is so because gross domestic product only calculates the total value of commodities/services produced by a country during a fixed time frame.

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GDP per person tells us the income and expenditure of the a. richest person in the economy. b. poorest person in the economy. c.

ale4655 [162]

Answer:

The correct answer is letter "C": average person in the economy.

Explanation:

The Gross Domestic Product (GDP) measures the level of output of a country given a certain period -by quarter and year, usually. It considers government expenditures, private investments, consumer spending, and net exports (exports minus imports).

The GDP per capita represents the GDP per person and is calculated by dividing the GDP by the population of a country. GDP per capita represents an approximate of the expenses of an individual. Smaller richer countries such as Luxembourg or Switzerland tend to have higher GDP per capita.

8 0

3 years ago

Downsizing describes the practice of companies shifting their production overseas.

quester [9]

Downsizing is the reduction of employees in a company's payroll. It involves the elimination of some positions and thus reducing the operational cost of the company. The given statement "Downsizing describes the practice of companies shifting their production overseas" is false. Downsizing does not describe the practice of companies shifting their production overseas

3 0

3 years ago

The equivalent units in beginning work in process inventory plus the equivalent units in ending work in process inventory equals

vivado [14]

Answer:

False

Explanation:

The formula for equivalent units units as follows:

Opening Work in Process + Equivalent units on which the work is done - Closing Work in process = Units Transferred

Therefore, ideally,

Opening work in process - Closing work in process = Units transferred - Equivalent units on which work is done.

As adding all the cost incurred during the period to opening inventory of work in process, we get the total cost for the period, thereafter, deducting the cost allocated to closing work in process we get the value of goods produced and transferred.

Therefore, above statement is false.

8 0

3 years ago

Planet Corporation acquired 90 percent of Saturn Company’s voting shares of stock in 20X1. During 20X4, Planet purchased 52,000

Zepler [3.9K]

Answer:

Purchase of Inventory by Planet (Parent)

Inventory $1,456,000 (debit)

Cash $1,456,000 (credit)

Sale of Inventory by Planet (Parent) to Subsidiary (Saturn)

Revenue $1,258,000 (debit)

Cost of Sales $1,258,000 (credit)

Sale to third Parties by Saturn

Cash $1,813,000 (debit)

Cost of Sales $1,036,000

Sales Revenue $1,813,000 (credit)

Inventory $1,036,000

Explanation:

Purchase of Inventory by Planet (Parent)

Inventory $1,456,000 (debit)

Cash $1,456,000 (credit)

Inventory : 52,000 × $28 = $1,456,000

Sale of Inventory by Planet (Parent)

Note : This is an Intragroup transaction and need to be eliminated

Revenue $1,258,000 (debit)

Cost of Sales $1,258,000 (credit)

Revenue : 37,000 × $34 = $1,258,000

Sale to third Parties by Saturn

Cash $1,813,000 (debit)

Cost of Sales $1,036,000

Sales Revenue $1,813,000 (credit)

Inventory $1,036,000

Sales Revenue = 37,000 × $49 = $1,813,000

Cost of Sales = 37,000 × $28 = $1,036,000

7 0

3 years ago

Strategic management is about formulating strategies that align an organizations internal capabilities with external opportuniti

dexar [7]

Answer:

Mark Parker has been very effective as a strategist for the following reasons:

Explanation:

He has been able to keep Nike's brand equity.
His policies on HR has generated an effect which translated to increased motivation for his employees to commit to the attainment of the company's objectives
A strategist must be able to make plans and execute them. Nike's strategy is a customer-centric one. Mark was able to, regardless of the economy, ensure that Nike's products were consumer-centric and that the business units in charge of each aspect of Nike's operations were able to deliver their best.

Cheers!

7 0

3 years ago