The gross domestic product (GDP) of the United states is defined as all the final goods and services produced in a given period of time.
<h3>What is Th
e gross domestic product of a country?</h3>
The gross domestic product of a country is all the final goods and services produced in a given period which is usually a year.
One of the methods used to calculate GDP is the expenditure method and it entails adding together the following components: consumption spending by households, Investment spending by businesses , Government spending and Net export
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Answer:
c. is violating both principles of moral reasoning
Explanation:
The argument is deductive invalid as beased on their first sentence that hte government is too big it should accept proportional cuts in all areas of the government including, medicare.
Also, as it being inconsistent as one sentence is in conflit with the other. spending in welfare will make the gervernment weight in the economy to increase or stay the same but, this person claims it needs to decrease.
Answer:
Increase in income= $19,200
Explanation:
Giving the following information:
Clyde Corporation's variable expenses are 40% of sales. Clyde Corporation is contemplating an advertising campaign that will cost $27,000.
Increase in income= increase in sales - increase in variable cost - marketing campaign
Increase in income= 77,000 - (77,000*0.40) - 27,000= $19,200
Roads, schools, and
emergency services are funded by the government through the taxes.
Explanation:
Government collects taxes for the functioning of the government machineries. The reasons the taxes to be collected from the citizens of US are listed in the Article I, Section 8 of constitution of US. The three main types of taxation are as follows namely,
1. Progressive tax
2. Regressive tax
3. Proportional and flat tax.
Taxes are levied on the property, sales, income, dividends, imports, capital gains, payroll, gifts or estates. Eritrea and USA are the only countries that taxes non-residents on worldwide income as much as they tax the residents.
Answer:
Lake's operating income is $120000
Explanation:
Operating income is the income generated by the operations of company less its operating cost. Another name that is used for operating income is Earnings before interest and tax (EBIT). The charges or income relating to non operating or financing activities is not included in the operating income and nor is the tax deduction included.
The formula for operating income = Sales - Cost of Sales - operating expenses.
The operating expenses here, are = Advertising + Salaries + Utilities
Thus, operating expenses = 60000 + 55000 + 25000 = $140000
The Operating Income = 440000 - 180000 - 140000 = $120000
