Answer:
The answer is C.
Explanation:
Gross Domestic Product is the total market value of all final goods and services produced within a country during a given period of time. It is usually a year.
In calculating, GDP, we have expenditure approach, income approach and value-added approach.
In this question, the expenditure approach will be used to explain the answer to this question.
To calculate GDP using expenditure approach, the formula is:
C + I + G + (X-M)
where C is the consumers' spending
I is the investment spending
G is government spending
X is the exports
M is the imports.
The correct answer is C. firms purchases of inventories is part of investment spending. Firms can purchase raw materials(inventory) and process it into finished goods(inventory). The change in inventory(difference between the closing inventory and opening inventory) is part of the calculation of investment spending.
Households buying inventories(finished goods) is part of consumers' spending and not investment spending.
Answer:
Floyd 43,500
Merriam 12,500
Ramelow 23,000
Explanation:
heir capital account balances as of December 31, 2020 stood as follows: Floyd $ 46,000
Merriam $ 25,000
Ramelow 1/3 interest.
23,000 is the third of the parthnership
23,000 x 3 = 69,000
46,000 + 25,000 + 23,000 = 94,000
loss of 94,000 - 69,000 = 25,000
distributed equally among the members:
Floyd 46,000 - 25,000 / 2 = 43,500
Merriam 25,000 - 25,000 / 2 = 12,500
Answer: Rapidly; Not Necessary
Explanation:
Keynesian Economists are of the believe that the Economy takes a fairly long time to reach a long run Equilibrium while Classical economists believe that it takes a shorter period of time. This has led to both classes of Economists having varying opinions when it comes to the need for Anti-recessionary Policies.
Anti-recessionary policies are implemented by the Government to try to get the economy back to the long run equilibrium as soon as possible and Keynesian Economists support this because the believe that if help is not given, the economy will take too long to adjust on its own. Classical Economists are against this and see no need for such policies because they maintain that the economy adjusts and reaches the Long run equilibrium rapidly meaning that such policies are not necessary and would just be a waste of resources as well as a way for the government to exert more influence on the economy which is another thing they are against as well.
Answer:
The correct answer is B. $579.62.
Explanation:
Given that Amy earns an annual salary of $ 68,500 and is paid bi-weekly, and she is in the 22% Federal Income Tax Bracket and lives in a state with a 4.5% State Income Tax, to determine how much in Federal Income Tax is Amy paying per paycheck, the following calculation must be performed:
Every year has 52 weeks, that is, 26 bi-weeks (56/2).
(68,500 / 26) x 0.22 = X
2,634.61 x 0.22 = X
579.6153 = X
Thus, Amy is paying $ 579.62 in Federal Income Tax per paycheck.
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