$5,910 was the depreciation deduction
can Jack and Angie take in the current year. On June 1 of the current year, they
purchased a rental beach house for $900,000 and rented it right away of that
amount, $600,000 for the land value.
If consumer's don't buy goods then the seller will lower the price which will affect the equilibrium, again if consumers start to buy goods unlimited the seller will higher the price then it will also affect the equilibrium.
Hope I helped you. Best of luck.
Inflation can be defined as rise in general price level.
Thus, answer is Inflation
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Answer:
adding up consumption, investment, government expenses, and net exports
adding up the market prices of final goods and services produced in the US
adding up the incomes of producers and taxes paid to the government
Explanation:
GDP is measured by three approaches, namely production, expenditure, and income.
In the <u>expenditure approach</u>, GDP is obtained by the formula GDP = C + G + I + NX, where c is consumption. G is government spending, I investment, and NX is net exports. Net export is the difference between imports and exports. The expenditure approach is also the consumption approach.
The <u>production approach c</u>alculates GDP by adding up the value of finished products. The Approach considers new products meant for consumption to avoid double counting.
The <u>income approach</u> recognizes the fact that expenditure is somebody's else income. Income considered includes wages paid to labor, the return on capital in the form of interest, the rent earned by land as well as corporate profits.
