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goldenfox [79]
3 years ago
10

Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production

for that nation.
Which of the following scenarios is either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States? Check all that apply.

a. The loss of enjoyment people incur when scenic land is converted to commercial use
b. The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government
c. Expenditures on federal highways
d. The variety of goods available to consumers
Business
1 answer:
Harlamova29_29 [7]3 years ago
7 0

Answer:

A. The loss of Enjoyment People incur when scenic land is converted for commercial use

B. The value of baby sitting services when the baby sitter is paid cash and the transaction isn't reported to the government

D. The variety of goods available to the consumers

Explanation:

The Gross Domestic Product (GDP) represents the total market value monetarily of all finished products or all services that are produced in a country, within its borders and it is measured for a period of time.

The GDP broadly measures this market value and since it represents a broad measurement, there are apparently transactions and productions or even services that won't be adequately measured or accounted for

1. The loss of enjoyment people incur when scenic land is converted to commercial use is a cost that cannot be monetarily valued hence it won't be accounted for

2. The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government- This will not be measured accurately because not all persons who hire baby sitters will report the transaction

3. The variety of goods available to consumers are numerous and the government will not be able to account for every single one

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Chemical manufacturer DuPont has approximately $0.68 in assets for every dollar in sales. According to asset intensity, for ever
kotegsom [21]

It is True, based on asset intensity, that for every $100 increase in sales, Chemical manufacturer DuPont would need about $100 in additional assets.

<h3>What is asset intensity?</h3>

The asset or capital intensity is a measure of the amount of assets needed to produce some dollars of sales revenue.

The asset intensity ratio is obtained by dividing the total assets by sales.

Thus, it is True, based on asset intensity, that for every $100 increase in sales, Chemical manufacturer DuPont would need about $100 in additional assets.

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6 0
2 years ago
The roots of today's anthropology emerged from very early accounts of travelers in previous centuries. what about these accounts
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Early accounts of ethnic groups and their cultures and habits came from scientific travelers like George M. Dawson who became director of the Geological Survey of Canada. In his travels in Canada to explore its mineral potential, he encountered many native groups who he described and also wrote of their languages so this is an example of how early travelers laid the foundation for the studies of later anthropologists. 
5 0
3 years ago
Bradley currently has a Visa card from his bank with the following terms: 21 percent on purchases, 25 percent on cash advances w
kakasveta [241]

Complete question:

Bradley currently has a Visa card from his bank with the following terms: 21 percent on purchases, 25 percent on cash advances with a 3 percent cash advance fee on the amount, and a default or penalty rate of 33 percent. His current statement shows a balance of $9,000. Lately, he has been having a hard time paying more than the minimum payment of 3 percent of his balance.

What is Bradley's minimum payment?

A) $158

B) $189

C) $270

D) $1,890

Answer:

Bradley's minimum payment is (C) $270.

<h3>What is the percentage?</h3>
  • A percentage is a fraction of a whole expressed as a number between 0 and 100.
  • Nothing is zero percent, everything is 100 percent, half of everything is fifty percent, and nothing is zero percent.
  • To calculate a percentage, divide the share of the total by the total and multiply by 100.
<h3>Solution -</h3>

Given - 21 percent on purchases, 25 percent on cash advances with a 3 percent cash advance fee on the amount, and a default or penalty rate of 33 percent. His current statement shows a balance of $9,000. Her minimum payment is 3 percent of the balance.

So, to find the minimum payment find 3% of $9000.

3% of $9,000 = $270.

Therefore, Bradley's minimum payment is (C) $270.

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brainly.com/question/24304697

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8 0
2 years ago
For the month of May, the company planned for activity of 112 births, but the actual level of activity was 114 births. The actua
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Answer:

D)

Explanation:

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4 0
2 years ago
Lauren hires Humphrey, a CPA, to audit her financial statements. The engagement letter includes a statement acknowledging that a
klio [65]

Answer:

it was a foreseen party

Explanation:

Key Largo bank would most likely sue Humphrey on the ground that it was a foreseen party. This is because Humphrey(CPA) being an auditor, knew that the audited financial statements are required for a filing with the regulatory body. Moreover, the auditing firm- Humphrey knew about the specific purpose of the audit report including the fact that his or her opinion(report) will will relied upon by other parties hence a foreseen third party for the auditor.

Based on the aforementioned, Key Largo Bank can sue Humphrey because he is aware of the intended purpose of the audit report.

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3 years ago
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