Answer:
A) $20,000
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
The stereo and the tires wont be included in GDP because they are intermediate goods. It is only the final good, the car, that would be included in GDP
Answer:
d.
Explanation:
Based on the information provided within the question it can be said that it is important to check this information because there may have been additional investments made during the year reflected in the balance. Therefore without knowledge of these investments the final balance may seem incorrect in the eyes of the accountant.
Answer:D. All the above are included
Explanation:
All the above are plural terms which connotes partnership.
Answer:A$460 loss
Explanation:
The value of the $ compare to LCU has fallen by $0.02 ( 1.08 to $1.10)
multiply by LCU $23000
Answer: C and D
Explanation:
Depository institutions are financial organization in the US that is legally authorized to confirm money deposit from customers.
