Answer:
Average annual rate of return should Louis expect to earn over the next four years is 10.7%
Explanation:
The formula we are going o use is:
Where:
R is the number of years over which Louis expect to earn.
N is the number of years of average arithmetic return.
i_{g} is the average geometric return=10.50%=0.105.
i_{a} is the average arithmetic return =11%=0.11.
Solution:
Average annual rate of return should Louis expect to earn over the next four years is 10.7%
Answer:
GDP = $14,755.1 and expenditure approach
Explanation:
The formula to compute the GDP is shown below:
GDP = Personal consumption expenditures + Gross private domestic investment + Government consumption expenditures and gross investment + Net exports
where,
Net exports = Exports - imports
= $1,935.3 - $2,435.5
= -$500.2
So, the GDP is
= $10,417.1 + $1,818 + $3,020.2 - $500.2
= $14,755.1
And, the summing of all this items which are shown above while calculating the GDP is known as expenditure approach
Answer:
$20,000
Explanation:
GDP is the market value of <u>all final goods and
</u>
<u>services</u> produced within a country in a given period of time.
The GDP includes only the value of final goods, <em>the value of manufactured automobile in this question</em>, not the value of intermediate goods used in it, <em>the windshield, tires, and others.</em>
Reason: The price of intermediate goods (windshield, tires, CD player) is already included in the final price of $20,000.
Hence, GDP discourage to include these intermediate goods value as it will lead to double counting given that they're already included in final price of $20,000.
Answer:
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Explanation:
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