Answer:
$270 million; $220 million; $50 million
Explanation:
Given that,
GDP = $ 1260.00 million
T = $ 320.00 million
C = $ 720.00 million
G = $ 270.00
Formula for calculating GDP by expenditure method is as follows:
GDP = Consumption + Investment spending + Government spending
$1,260 = $720 + Investment spending + $270
$1,260 = $990 + Investment spending
$1,260 - $990 = Investment spending
$270 million = Investment spending
Private savings refers to the savings of the households. It is calculated by subtracting the taxes and consumption spending from the income level.
Private savings:
= GDP - Taxes - Consumption spending
= $1,260 - $320 - $720
= $220 million
Public savings refers to the savings done by the government. Public savings is calculated by subtracting the government expenditure from the taxes.
Public savings = Taxes - Government spending
= $320 - $270
= $50 million
Therefore, a positive public savings indicates that there is a budget surplus.
Answer:
Resource Market
Explanation:
A resource market is a market from where businesses purchase inputs that can be used for production.
Resource Market is a market where labor and other factors of production are sold in the circular flow model of income in economic theory.
In Resource Market, households are the sellers and firms are the buyers.
Answer:
Scalability
Explanation:
Scalability is the ability to increase or decrease resources for any given workload.
- When the resource is increased by the addition of more resources to service a workload, it is known as Scaling Out.
- When the resource is decreased by the reduction of resources to service a reduced workload, it is known as Scaling In.
- When additional capabilities is added to manage an increase in demand to the existing resource , it is referred to as Scaling Up.
- Likewise, when capabilities is reduced to manage a decrease in demand to the existing resource , it is referred to as Scaling Down.
Scaling does not have to be done automatically.
Answer:
424000
Explanation:
Answer: Net income under absorption costing = $424000
Explanation:
Given that,
Direct materials =$4 per unit
Direct labor = $2 per unit
Variable overhead = $3 per unit
Fixed overhead = $256,000
company produced = 32,000 units
company sold = 26,500 units
inventory at year-end = 5,500 units
Income under variable costing = $380,000
Total variable cost = (Direct materials+Direct labor +Variable overhead) × units produced
= (4+2+3) × 32000
=$288000
Per unit fixed cost =
=
= $8
Fixed cost on inventory = inventory at year-end × Per unit fixed cost
= 5500 × 8
= 44000
Net income under absorption costing = Income under variable costing + Fixed cost on inventory
= 380000 + 44000
=$424000
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