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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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XYZ Corporation manufactures orange safety suits for road workers. The following information relates to the corporation's purcha
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Answer:

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2 years ago
Dave owns 15 shares of ABC mining stock. on monday the value of each shares rose $2 but on tuesday the value fell $5. what is th
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2 years ago
What types of serches and seizures are protected against under the fourth amendment to the u.S. Constitution
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5 0
3 years ago
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GenaCL600 [577]

Answer:

Paid in capital excess of par is $$309,000

Explanation:

<u>Journal Entries</u>

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To record the 101,000 shares compensated by 4,100 legal hours with $1 par value)

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3 0
3 years ago
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