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BigorU [14]
3 years ago
5

If GDP exceeds aggregate expenditures in a private closed economy: A. Saving will exceed planned investment B. Planned investmen

t will exceed saving C. Planned investment will exceed actual investment D. Injections will exceed leakages
Business
1 answer:
Leya [2.2K]3 years ago
4 0

Answer:

The correct answer is A

Explanation:

GDP stands for Gross Domestic Product, it measures the economic activity value within a Country. It is the total of the market prices or the values of all the final goods and the services produced in the economy.

When the economy is private as well as closed, then the GDP is more than the aggregate expenditure, then the savings from the household exceed the planned investment.

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Edison sold his land with an easement appurtenant for a road. the deed to the buyer contained an adequate description of the lan
Zinaida [17]
The buyer takes title to a landlocked property.

Easement <span>appurtenant is defined as an easement that benefits one parcel of land, known as the dominant tenement, to the detriment of another parcel of land, known as the servient tenement.

The property having an easement appurtenant is a landlocked property. It means that in order to have access on the property, one must go through a road that is owned by another that holds the servient tenement.  

Even though Edison failed to disclose about the easement appurtenant, the buyer can still have easement appurtenant on the road. This is because the easement appurtenant is attached to the land and is automatically transferred to the new owner once the land is sold. </span>
4 0
4 years ago
Jing is considering starting a new business selling organic groceries. It would cost her $350,000 a year to rent store space and
Ahat [919]

Answer: A. $70,000

No

Explanation:

Opportunity cost is the cost of forgone opportunity. It is what Jing would have earned ($70000) if she didn't start her business.

Even though Jing is making an accounting profit, her economic profit is negative,$-20,000.

Economic profit = Accounting profit - Opportunity cost

3 0
3 years ago
In 2007, Terry Inc. provided the following items in their footnotes. Their cost of goods sold was $22 billion under FIFO costing
nikdorinn [45]

Answer:

$22.2 billion

Explanation:

Calculation to determine How much would they report as LIFO cost of goods sold

Cost of goods sold=$22 billion + ($0.8 billion ­ $0.6 billion)

Cost of goods sold=$22 billion + $0.2 billion

Cost of goods sold= $22.2 billion

Therefore How much would they report as LIFO cost of goods sold would be $22.2 billion

7 0
3 years ago
Which one of the following is something to look for in identifying a company's culture? A. the atmosphere, spirit and character
Tju [1.3M]

Answer:

A. the atmosphere, spirit and character that pervades the work climate and the values, business principles, and ethical standards that management preaches and practices

Explanation:

Culture is the normally acceptable social behaviour that is expected from someone in a group. It includes beliefs, knowledge, art, law, capabilities, and habits of the group.

The process by which the culture of a group is imbibed is through learning and socialisation.

The norm of a group is the acceptable way one is expected to behave in the group. Like the way one dresses and language.

A company's culture is expressed in the spirit and character that pervades the work climate and the values, business principles, and ethical standards that management preaches and practices.

6 0
3 years ago
Sunk costs: are the losses which have already been incurred and which are unrecoverable. are the losses associated with failed b
ASHA 777 [7]

Answer:

are the losses which have already been incurred and which are unrecoverable. 

Explanation:

Sunk costs are costs that have already been incurred and are not unrecoverable. They are not considered in future decision making.

Total cost is the sum of fixed and variable cost.

I hope my answer helps you

6 0
3 years ago
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