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DENIUS [597]
3 years ago
5

Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transacti

ons and production for that nation. Which of the following scenarios are 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 Brazilian wood that is used for flooring in a new U.S. house Federal government paychecks to soldiers.
b. The costs of overfishing and other overly intensive uses of resources.
c. The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.
d. The leisure time enjoyed by Americans
Business
1 answer:
snow_tiger [21]3 years ago
6 0

Answer:

The following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States

B) The costs of overfishing and other overly intensive uses of resources.

C) The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.

D) The leisure time enjoyed by Americans

Explanation:

GDP is a tool that is used to measure a nation's economic performance, However, it has limitations due to its exclusion of non-market transactions.

  1. The limitations identified can be summarized as:
  2. GDP does not incorporate any measures of welfare.
  3. GDP only includes market transactions.
  4. GDP does not describe income distribution.
  5. GDP does not describe what is being produced.
  6. GDP ignores externalities.

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H.T. Tan Company is preparing the annual financial statements dated December 31 of the current year. Ending inventory informatio
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Answer:

The calculation is shown below:

Explanation:

According to the scenario, the computation of the following data can be done as follows:

Total Cost = Quantity × Unit Cost

Total NRV = Net Realizable Value × Quantity

So, by putting the value in the formula, we get,

Item       Quantity     Total Cost        Total NRV    Lower of cost or NRV

A             59   $1,416.00         $1,239.00         $1,239.00

B             89   $3,471.00         $4,361.00         $3,471.00

C             19   $1,083.00        $1,159.00         $1,083.00

D             79   $2,686.00        $3,081.00         $2,686.00

E             359   $6,821.00         $5,026.00              $5,026.00

Total                   $15,477.00        $14,866.00         $13,505.00

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the money bro

Explanation:

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2 years ago
On December​ 31, Mercury Corporation has the following data​ available:
galben [10]

Answer:

37.25%

Explanation:

Average total common stockholders' equity:

= (Beginning common​ stockholders' equity + Ending common​ stockholders' equity) ÷ 2

= ($530,000 + $490,000) ÷ 2

= $510,000

Return on Equity = Net income ÷ Average total common stockholders' equity

                            = $190,000 ÷ $510,000

                            = 0.3725

                            = 37.25%

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3 years ago
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