Gross Domestic Product The informal market transactions that create increases in production produced are not taken into account, which leads to an underestimation of the real quantity of output produced in an economy.
This is further explained below.
<h3>What is
Gross Domestic Product?</h3>
Generally, Gross domestic product (GDP) is a monetary measure of the total market value of a country's final products and services generated within a certain time period.
This metric undergoes numerous iterations before being regarded a trustworthy signal because of its complexity and subjectivity.
In conclusion, The Gross Domestic Product a method that, due to the fact that informal market transactions lead to increases in production created, estimates to be lower than the actual quantity of output produced by an economy.
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Answer:
The correct answer is B.
Explanation:
Giving the following information:
Uptown Athletic had an inventory of $400,000. During the year, the company purchased goods costing $1,500,000. If Uptown Athletic reported ending inventory of $500,000 and sales of $2,000,000.
Cost of goods sold= beginning inventory + purchase - ending inventory
COGS= 400,000 + 1,500,000 - 500,000= 1,400,000
Sales= 2,000,000
COGS= 1,400,000
Gross profit= 600,000 30%
The answer is airline industry.
The first passengers airlines actually first created in 1919, but at that time, the amount of money involved still hasn't big enough to be considered as industry.
The market for airline started to show a promising future in 1930s, where they started to obtain more than 6,000 consumers per year. 4 Years after that, they started to obtain a staggering increase to 450,000 consumers per year.
Answer:
One
Explanation:
According to the given scenario, the total assets are decreasing in the last transaction.
Acquisition of land, equipment, sale of common stock, receiving cash from the buyer and on the other hand acquisition of supplies is not reducing the assets of the company.
Here, the decreasing of total assets is $10,000 and the amount of salary is reducing the cash by $10,000.
