1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
FromTheMoon [43]
3 years ago
12

The following are national income account data for a hypothetical economy in billions of dollars: gross private domestic investm

ent ($320), imports ($35), exports ($22), personal consumption expenditures ($2,460), and government purchases ($470). What is GDP in this economy?
A) $3,250 billionB) $3,263 billionC) $3,237 billionD) $3,290 billion
Business
1 answer:
iren [92.7K]3 years ago
3 0

Answer:

C

Explanation:

GDP (Gross-domestic-product) is the total market value or monetary value of all goods and services produced in a country during an specific period of time (normally: 1 year). There are three methods by which GDP can be calculated: by expenditure , by income and by production. Acoording to the information given by the problem we should use the expenditure formula:

GDP= C+I+G+NX

C=Consumption

I= Investment

G= Governmet expenditures

NX= Net exports (Exports-Imports)

In this case:

GDP= $2,460+$320+$470+($22-$35)= $3,327 billion

You might be interested in
Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income fo
Lady bird [3.3K]

Answer:

711,300

Explanation:

Net cash generated from operating activities can be calculated by deducting and adding back the cash and non-cash items respectively from the net income for the year. Such as depreciation will be added back in net income due to it is a non-cash expense

Net Income                                                                       624,000

Depreciation and amortization                                         87,000

Decrease in accounts receivable                                     22,000

Increase in inventories                                                       (9,200)

Increase prepaid expenses                                                (8,500)

Increase in salaries payable                                              10,000

Decrease in income taxes payable                                   (14,000 )

Net cash generated from operating activities                 711,300

7 0
3 years ago
An employee who is responsible for planning, directing, and monitoring the work of other employees is a ________.
dem82 [27]

Answer:

Manager

Explanation:

an employee who is responsible for planning, directing, and monitoring the work of other employees is a manager

Hope this helped and have a good day

6 0
2 years ago
I am the head of a major company and it has been brought to my attention that
Sphinxa [80]
Step one investigate / question to figure out the problem. Step two once you figure out the problem brainstorm solutions \ enforce. Step three apply the solution in your work facility.
4 0
3 years ago
The economy is in a recession and the government wants to increase output. If the multiplier equals 3 and the government increas
sashaice [31]

Answer:

The answer is 750

Explanation:

When government increases its spending, this increase in spending leads to increases in income for households which cumulatively increase the national income, this effect is known as multiplier effect.

Government has increased its spending by 250 while multiplier effect is 3.

Therefore, output will increase by 750(250 x 3)

3 0
3 years ago
The main goal of auditing internal control is Group of answer choices To allow the auditor to fix any internal control deficienc
mafiozo [28]

Answer:

To evaluate the effectiveness of controls over all relevant financial statement disclosures in the financial statements.

Explanation:

In Accounting, an internal control is a mechanism, procedure, rule or policy designed by management to secure assets, promote efficiency, ensure accountability and prevent fraudulent behavior in an organization.

The main goal of auditing internal control is to evaluate the effectiveness of controls over all relevant financial statement disclosures in the financial statements.

6 0
3 years ago
Other questions:
  • Cable Company reported bond interest expense of $40,000 for the current year. During the year, the balance in the premium on bon
    8·1 answer
  • In the North, if the price goes down by $0.40 per pound, then the quantity supplied in the North goes down by 600 pounds per yea
    6·1 answer
  • A good brand name should ________. Select all that apply. a. be legally available for use and unique among competition b. realiz
    11·1 answer
  • Which of these terms best fits this definition?
    13·2 answers
  • Wasson Company reported the following year-end information: Beginning work in process inventory $ 35,000 Beginning raw materials
    6·1 answer
  • What is the last phase of the technology development cycle, where a technology no longer provides a competitive advantage becaus
    14·2 answers
  • The parents of two children are killed in an automobile accident. They have a living trust. Why do you think this will benefit t
    9·1 answer
  • Capp Corporation is a wholesaler of industrial goods. Data regarding the store's operations follow:
    9·1 answer
  • Computer safety control settings are most often used to
    6·1 answer
  • ABC purchased equipment for $60,000 on January 1, 2018. The equipment is expected to have a five-year life, with a residual valu
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!