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alexdok [17]
3 years ago
14

The following is national income account data for a hypothetical economy in billions of dollars: gross private domestic investme

nt ($320), imports ($35), exports ($22), personal consumption expenditures ($2,460), and government purchases ($470). What is GDP in this economy
Business
1 answer:
Elena L [17]3 years ago
6 0

Answer:

The answer is $3,237billions

Explanation:

Gross Domestic Product is the market value of all final goods and services produced within a country during a given period of time usually a year.

The formula is:

G + I + C + (X-M)

where G is government expenditure or purchases

I is private domestic investment

C is personal consumption expenditure

X is export

M is imports.

Therefore, GDP is

$470 + $320 + $2,460 + ($22-$35)

$3,250 - $13

$3,237billions.

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Austin sound sold inventory for $ 300,000, terms 2​/10, ​n/30. cost of goods sold was $152,000. how much sales revenue will aust
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The company will report the actual amount of the sale - $300,000. The cost of goods sold is subtracted from the net sales on the income statement at the end of the fiscal period.

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3 years ago
Three years ago, Joe bought a 5-year, 10% coupon paid semiannually bond for $1000. Currently, with interest rates having risen s
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3.63%

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3 0
3 years ago
River rock, inc. just paid an annual dividend of $2.80. the company has increased its dividend by 2.5 percent a year for the pas
ohaa [14]
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8 0
3 years ago
Green Cabinets is a custom cabinet builder. They recently completed a set of kitchen cabinets (Job Number 1478), as summarized b
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Answer:

a. $612

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