Answer:
The correct answer is $19 trillion
Explanation:
Gross Domestic Product (GDP) is the total market or monetary value of all the goods and services produced by a country within its borders over a given period of time. It is used as a measure of a country's economic health, due to its broad coverage.
The formula for calculating GDP is: GD
P = C + I + G + (
X − M
)
where :
C = private consumption (consumer goods)
I = gross investments (investment goods)
G = government investments or government spending (govt. services)
X = export
M = import
Therefore:
GDP (in trillion) = 10 + 4 + 6 + (4 - 6) = 10 + 10 - 1 = $19 trillion dollars.
Please note that there is the nominal GDP and real GDP.
Nominal GDP is the total value of all the final goods and services a country produces within a year, while real GDP is the value of the goods and services produced within a year, putting inflation effects into account.
Answer:
Your answer is given below:
Explanation:
Statement showing Computations
Paticulars Amount
Variable overhead cost per unit =100,000/1,000 100.00
Standard Variable overhead for 750 Units = 750 * 100 75,000.00
Actual Variable overhead 75,000.00
Variable overhead spending variance= Standard VO - Actual VO
Variable overhead spending variance= 75,000 - 75,000
Variable overhead spending variance= 0
Answer: provisions
Explanation: According to ias 37