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3 years ago

What economic activities are not included in GDP?

1 answer:

5 0

1. Illegal and unreported economic activity: While goods such as illegal drugs, gambling, and prostitution are sold in markets, the transactions are hidden for obvious reasons.

2. Home production and bartered goods/services: If cash doesn't change hands, the transaction will not be included in GDP. One of the somewhat misleading aspects of GDP is that whether certain things are included depends not on the nature of the good or service, but whether it was (openly) exchanged for cash.

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Delta Diamonds uses a periodic inventory system. The company had five one-carat diamonds available for sale this year: one was p

mote1985 [20]

Answer:

B. $2,300.

Explanation:

The computation of the ending inventory using FIFO method is given below:

Since there are 5 diamonds and one is sold

So, the ending inventory units should be

= 5 - 1

= 4

Now the ending inventory be

= 2 × $600 + 2 × $550

= $1,200 + $1,100

= $2,300

Hence, the option b is correct

4 0

2 years ago

Family capital A. refers to financial assistance offered to families by the government. B. typically helps families obtain bette

Serhud [2]

Answer:

C. can be used to help one's children in school

Explanation:

A "family capital" refers to the family resources such as the means to positively influence the life of children in the future. This happens when family members help each other in order to attain a goal (personal/societal).

From the definition of family capital, it can then be used to help one's children in school. So, the family work together in order to make their children educated and become better citizens of the nation. An efficient family can affect the society by producing a surplus of resources that the society can benefit from.

So, this explains the answer.

6 0

3 years ago

What amount needs to be invested today at 6% simple interest in order to have $4000 in 2 years?

garri49 [273]

Data:
A (amount) = ?
P (Principal) = $ 4000
r (rate) = 6% → 0.06
t (time) = 2 years

Formula:
$A = P(1+r*t)$

Solving:
$A = P(1+r*t)$
$A = 4000(1+0.06*2)$
$A = 4000(1+0.12)$
$A = 4000*1.12$
$\boxed{\boxed{A = \$\:4480}}\end{array}}\qquad\quad\checkmark$

4 0

3 years ago

Blackwelder co. calls a meeting to announce to the media that it is hiring a new ceo and changing the company name to natural ba

Galina-37 [17]

Blackwelder co. calls a meeting to announce to the media that it is hiring a new ceo and changing the company name to natural basics. the company will distribute additional materials at this meeting, which is called a press conference.

A press conference is a meeting organized for the purposes of distributing information to the media and answering questions from reporters.

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3 years ago

If a person attempts to read their email while they are riding the bus they are

8_murik_8 [283]

Reading there email on a bus?

6 0

3 years ago

Read 2 more answers