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9966 [12]
4 years ago
12

Select which part of the expenditures approach of calculating the GDP is being described:

Business
1 answer:
AnnyKZ [126]4 years ago
5 0

Construction of a new mine is part of this expenditures approach for calculating the GDP: sum of all the country's businesses spending on capital

<h3><u>Explanation:</u></h3>

The monetary value of all the goods and services that are produced in a country on a given period refers to the GDP. Using the GDP value, the economic growth of a country can be determined. The GDP of a country can be calculated with the help of three methods such as production, income, and expenditures.

The expenditure approach in the calculation of GDP includes the purchase of all goods and services in a given period. Things that are included in this approach are government spending, consumer spending, net exports and, business investment spending. The Construction of a new mine includes sum of all the country's businesses spending on capital.  

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Answer:

B. Able to bake delicious pies

Explanation:

All the other choices are stuff that you are born with but making a pie is a learned skill. You don't just come out of the womb cooking delicious pie!

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3 years ago
What is one of the benefits of the current pattern of global trade?
Harlamova29_29 [7]

Answer:

The correct answer is A. One of the benefits of the current pattern of global trade is that consumers pay lower prices for goods and services.

Explanation:

Today, globalization has expanded international markets, interconnecting nations and their economies through free trade agreements, tariff elimination agreements and even through the transfer of companies from developed countries to peripheral countries, generating work in these nations and lowering production costs that allow reducing prices. All this allows consumers to access goods and services at a much lower cost than they previously accessed, thus reducing the amount they dedicate to consumption and thus increasing the performance of their wages, even allowing poverty reduction and a greater quality of life for people.

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3 years ago
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Ocean Breeze Co. paid $500 cash for expenses related to advertising for the period. Which of the following shows how this event
Simora [160]

Answer:

($500) = NA + NA + ($500)

Explanation:

In this question, the following accounting equation is used

Assets = Liability + common stock + retained earnings

As in the transaction, it is given that $500 cash is paid for advertising expense, so this event would be affecting the accounting equation for asset and the retained earning account i.e

($500) = NA + NA + ($500)

As cash is paid which reduces the asset balance plus the retained earning balance is also get reduced by $500

3 0
3 years ago
Which of the following is NOT a cost typically associated with owning a car?
SVEN [57.7K]

Correct answer choice is:

C: Wear and tear fees

____________________________________________________________

Explanation:

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4 0
3 years ago
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An employee that only has the authority to use the employer's credit card for business expenses has what kind of relationship?
Andrew [12]

Answer:

a. Universal agent

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Therefore as per the given situation since the employee can use the credit card of the employer for the business expense so this represent that the relationship is of universal agent

hence, the correct option is a.  

3 0
3 years ago
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