Real GDP = $5 trillion
GDP deflator = 200
The nominal GDP is $10 trillion.
Real GDP is the output effected by price. GDP deflator is the measure of the level prices of the new, local products produced, final goods and services within the economy. The nominal GDP is the current market prices.
Answer:
what are the options as answers?
Explanation:
96,000 is the cost of goods sold.
Beginning inventory, $30,000;
Add: Purchases, $90,000.
Less: Ending inventory $24,000;
Cost of Goods Sold $96,000
Cost of Goods Sold is the number of direct materials, direct labor, and manufacturing overhead charged to the units sold during the period. Presented as a deduction from net sales to obtain gross margin for the period. The cost of goods sold is the total amount paid by a company for expenses directly related to the sale of its products. Depending on the business, this may include direct labor associated with manufacturing or selling products, raw materials, packaging, and merchandise purchased for resale purposes.
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Okay i’ll tell you here it is
The annual IRS depreciation deduction is $40,375.
Depreciation deduction is an annual profits tax deduction that permits you to recover the value or other basis of sure property over the time you operate the property. Depreciation = (Cost of the property - Salvage value)/Serviceable lifetime; ($475,000 × 0.85)/10 = $40,375.
Depreciation is allotted with the intention to price an honest proportion of the depreciable quantity in each accounting period throughout the predicted beneficial life of the asset.
Depreciation is used on an earnings announcement for almost every business. It is listed as an expense, and so needs to be used each time an object is calculated for yr-quit tax functions or to decide the validity of the item for liquidation functions.
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