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3 years ago

Gdp excludes most items that are produced and sold illegally and most items that are produced and consumed at home because

Business

1 answer:

nataly862011 [7]3 years ago

3 0

Answer:

Gdp excludes the most of items that are produced and sold illegally and also most of the items that are produced and consumed at home because the products which are illelegal are not sold under government policies and are not authorised.

Explanation:

GDP: It is been referred as the total value of all the goods and services which has been produced for the marketplace within one year's period and within our national borders.

Measurment of GDP:

It will record only the value of final output of goods no intermediate goods are included in it.
The output here is valued only at its market prices.
It measures the values of both tangible and intangible services.
It measures the values of goods which are produced within the geographic boundaries of country.

Where this GDP is countable:

It is countable only where the products are produced in economy and are being sold legally in the markets.

Excludes the products being sold illegally.

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On January 1, Revis Consulting entered into a contract to complete a cost reduction program for Green Financial over a six-month

Gennadij [26K]

Answer:

The contract price based on the expected value of future payments to be received is $246,960

Explanation:

The computation of the expected value is shown below:

For meeting the target, it will equal to

= (Received amount × number of months + additional amount) × probability rate

= ($39,200 × 6 months + $19,600) × 80%

= $203,840

For not meeting the target, it will equal to

= (Received amount × number of months - additional amount) × remaining probability rate

= ($39,200 × 6 months - $19,600) × 20%

= $43,120

So, the total expected value would be

= $203,840 + $43,120

= $246,960

6 0

3 years ago

Katsu Corp. distributes property to its shareholders as part of a complete liquidation. The fair market value of the property is

frutty [35]

Answer:

Gain will be $350000

So option (d) will be correct option

Explanation:

We have given fair market value of the property = $500000

Basis in the property = $150000

Property is subjected to a liability of $200000

We have to fond the gain

Gain will be equal to

Gain = market value of the property - basis in the property

So gain = $500000-$150000 = $350000

So option (D) will be correct option

3 0

3 years ago

car wash services 200 customers in an hour on a lovely Saturday afternoon. The car wash employs 5 washers at $6 per hour and us

Inessa [10]

Answer:

Productivity = 2.35 cars / $

Explanation:

Given:

Total number of car per hour = 200

Total number of washers = 5

Wages per hour each washer = $6

Per hour water expenses = $50

Per hour electricity expenses = $5

Computation of total expenses per hour:

Total expenses per hour = (Total number of washers x Wages per hour) + Per hour water expenses + Per hour electricity expenses

Total expenses per hour = (5 x $6) + $50 + $5

Total expenses per hour = $30 + $50 + $5

Total expenses per hour = $85

Computation of productivity:

Productivity = Total number of car per hour / Total expenses per hour

Productivity = 200 / $85

Productivity = 2.35 cars / $

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3 years ago

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irina [24]

Malcolm is starting to turn down overtime opportunities, he has developed a personal reading list that he is working through, and he is cutting back from seven-day weeks to five-and-one-half-day weeks. Malcolm is most likely working on increased leisure time.

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2 years ago

Assume that the economy is in a recession and there is a budget deficit. A strict balanced-budget rule that would require the Fe

sukhopar [10]

Answer:

Contractionary and worsen the effects of the recession

Explanation:

Given that during the period of the recession of a given economy, there is a decrease in revenue and inversely, there is an increase in expenditures, this situation will consequently lead to a deficit. Therefore, for a Federal government to balance the budget, it will have to increase additional revenue and at the same time reduces expenditures.

However, in this case, this would be contractionary and worsen the effects of the recession

8 0

3 years ago