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Alexeev081 [22]
3 years ago
10

An economy has $10 trillion in consumption, $2.5 trillion in investment, $3 trillion in government purchases, $1 trillion in exp

orts, and $1.5 trillion in imports. What is GDP in this economy? $15 trillion $16.5 trillion $18 trillion $15.5 trillion
Business
1 answer:
barxatty [35]3 years ago
3 0

Answer:

$15 trillions

Explanation:

The computation of the GDP is shown below:

GDP = Consumption + Investment + Government purchase + Net exports

where,  

Consumption = $10 trillions

Investment = $2.5 trillions

Government purchase = $3 trillions

Net exports = Exports - imports

= $1 trillion - $1.5 trillion

= -$0.5 trillion

So, the GDP would be

= $10 trillions + $2.5 trillions + $3 trillions - $0.5 trillions

= $15 trillions

= 13.5 trillions

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Answer:

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Explanation:

Generally when lawyers agree to a contingent fee structure is because they are convinced their chances of winning are high. Lawyers will accept a fixed percentage of the amount recovered, usually this percentage is around 1/3 of the final settlement.

This type of agreement is very useful since you don't need to invest a lot of money, and the lawyer's pay comes from the money awarded by the jury (or a settlement).

6 0
3 years ago
Joe quits his computer programming​ job, where he was earning a salary of ​$65,000 per​ year, to start his own computer software
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Answer:

The accounting cost and the economic cost associated with​ Joe's computer software business is $75,00 and the $165,000 respectively.

Explanation:

The computation of the accounting cost and the economic cost is shown below:

Accounting cost =  Other Expenses + Salary paid to himself

                           = $35000 + $40,000

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8 0
3 years ago
Corporate social responsibility describes the firm's:
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Answer:

2. concern for the welfare of society.

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3 years ago
Discount-Mart issues $10 million in bonds on January 1, 2012. The bonds have a ten-year term and pay interest semiannually on Ju
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Answer:

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Explanation:

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For computing the interest expense for the year 2012, we added the interest expense of June 30 and for December 31 of 2012 only so that the correct amount could come

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Assume all markets are in long-run equilibrium. Market price in a duopoly would be ________ the market price in a monopoly, and
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Answer:

Assume all markets are in long-run equilibrium. Market price in a duopoly would be <u>greater than or equal to</u> the market price in a monopoly, and     <u>less than</u> or equal to the market price in a competitive market.

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That is the logical answer to the question about markets that are in long-run equilibrium.

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