1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natali [406]
3 years ago
12

A professional gambler moves from a state where gambling is illegal to a state where gam-bling is legal. Most of his income was,

and continues to be, from gambling. His move a. raises GDP. b. decreases GDP. c. doesn't change GDP because gambling is never included in GDP. S D D after tax 10 20 30 40 50 60 70 80 quantity 1 2 3 4 5 6 7 8 9 10 price d. doesn't change GDP because in either case his income is included.
Business
1 answer:
Murrr4er [49]3 years ago
4 0

Answer:

The answer is: A) raises GDP.

Explanation:

If a gambler is a professional gambler (pays income tax on his gambling earnings) then when he moves from a state that prohibits gambling to a state that allows gambling, his earnings will increase the GDP.

The GDP only considers legal income, so illegal activities such as prostitution, drug trafficking, or illegal gambling are not included in the GDP. But if they become legal (e.g. some states legalized marijuana) then they should be included in the GDP.

You might be interested in
Business analytics uses _____ to support decision-making activities.
Naddika [18.5K]
The answer is option "a", Business analytics uses "data mining tools" to support decision-making activities.<span>

</span> Business analytics (BA) alludes to the skills, advancements, technologies and practices for ceaseless iterative investigation and examination of past business execution to pick up knowledge and drive business planning.

Business analytics concentrates on growing new bits of knowledge and comprehension of business execution in view of information and measurable techniques. Conversely, business knowledge generally concentrates on utilizing a steady arrangement of measurements to both measure past execution and guide business arranging, which is likewise in view of information and statistical strategies.
4 0
3 years ago
Which part of your uniform must be worn at all times (select all that
Elina [12.6K]

Explanation:

closed-toed footwear.

6 0
2 years ago
Zen Arcade paid the weekly payroll on January 2 by debiting Salaries and Wages Expense for $47,000. The accountant preparing the
Travka [436]

Answer:

The correct entry is to reverse the entry on December 3rd

Dr Salaries and Wages expenses of $27,000

Cr Salaries and Wages payable of $27,000

Explanation:

During the time of the accrued entry, which is on December 31st

the company registered

Dr Salaries and Wages PAYABLE of $27,000

Cr Salaries and Wages EXPENSES of $27,000

It was just an accrued entry to be able to identify the expenses to the balance sheet, but currently on the original expenses on January 3rd, the entry is reverse, then the real or main expenses is recorded in the balance sheet.

Dr Cash of $47,000

Cr Salaries and Wages EXPENSES of $47,000

7 0
3 years ago
A company forecasts sales of $91,500 for the quarter ended December 31. Its gross profit rate is 18% of sales, and its September
nlexa [21]

Answer:

Purchases=  $57,530

Explanation:

Giving the following formula:

Production= 91,500*(1 - 0.18)= $75,030

Beginning inventory= $25,000

Desired ending inventory= $7,500

<u>To calculate the budgeted purchases, we need to use the following formula:</u>

<u></u>

Purchases= production + desired ending inventory - beginning inventory

Purchases= 75,030 + 7,500 - 25,000

Purchases=  $57,530

6 0
3 years ago
A reasonable business owner should purchase insurance to cover a possible
Vsevolod [243]

Answer:

c

Explanation:

8 0
3 years ago
Other questions:
  • How can poor education facilities be improved
    6·1 answer
  • The government of Sharonville is deep in debt, and consequently enacts a city ordinance that requires citizens to do volunteer w
    10·1 answer
  • Which statement best explains the law of demand?
    9·2 answers
  • Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.21 per hour. 2. Determin
    10·1 answer
  • Lin Co., a distributor of machinery, bought a machine from the manufacturer in November for $10,000. On December 30, Lin sold th
    14·1 answer
  • The senior managers of a grocery store chain have a disagreement over the direction of the company. One faction wants to leverag
    6·1 answer
  • PART TWO OF THREE
    5·1 answer
  • A seller (or provider) of goods or services to a business organization is known as a:
    9·1 answer
  • V144
    9·1 answer
  • Which transaction caused John to overdraw his account?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!