Answer:
Market research
Explanation:
Market research is the process of finding out about customer wants and needs as well as expanding the current business.
Answer:
1. Charles's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. - <u><em>exports (X),</em></u>
Exports include the goods or services that originate in the US and are then sold to entities outside the USA. Charles works in the US and is providing services to an Australian firm so this qualifies as an export.
2. Dina buys a new BMW, which was assembled in Germany. - <u><em>Consumption and Imports</em></u>
Consumption refers to amounts spent by households or people in the Economy on goods and services. Imports refer to the use of goods and/ or services that did not originate in the US. Dina both spent on a good as well as the good being from outside the US making it both Consumption and Imports.
3. Gilberto buys a new set of tools to use in his plumbing business. - <u><em>Consumption.</em></u>
Consumption refers to amounts spent by households or people in the Economy on goods and services so Gilberto spending on a new set of tools qualifies as Consumption.
4. Dina gets a haircut. -<em><u> Consumption.</u></em>
Consumption refers to amounts spent by households or people in the Economy on goods and services so Dina getting a haircut which is a service falls under Consumption.
5. The Federal Aviation Administration expands the runways at Philadelphia International Airport, which is just a few miles from Charles and Dina's house. - <u><em>Government Purchases</em></u>
Government Purchase which are otherwise known as Government Spending refer to money spent by the government in an Economy. The FAA is a Federal Government agency so expanding the runway is a Government Purchase.
The formula for annual depreciation by means of the units-of-production method is:
(depreciable cost / estimated output) x the actual yearly output
Under the units of production method, the quantity of depreciation indicted to expense differs in direct proportion to the amount of asset usage. Therefore, a business may charge more depreciation in times when there is more asset consumption and less depreciation in times when there is a smaller amount of usage. It is the most precise method for indicting depreciation as this method relate thoroughly to the wear and tear on assets. Though, it also needs that someone should track asset usage which means that its use is commonly restricted to more luxurious assets. It needs estimation of the total usage over the life of the asset in order to come up with the amount of depreciation to identify in separate accounting period.
Answer:
The answer is: B) The median wage in Texas is much higher than the national average. THIS STATEMENT IS FALSE.
Explanation:
If you take the facts from the Census ACS 1 year survey, the median household income in Texas is $59,206 (2017 data) and a median hourly wage of $17,06 (2016 data from the Bureau of Labor Statistics).
If you compare those numbers with the national average, the US median household income is $60,336 (the national average is $1,130 higher than the Texas median household income). Historically the Texas median household income has been lower than the national average.
If we consider the median hourly wage in Texas of $17,06 (2016 data) and we compare to the national hourly wage of $17,81 (2016 data from the Bureau of Labor Statistics) we can clearly see it´s also lower. The top ten states with the highest median hourly wage are: Alaska, Massachusetts, Connecticut, Washington, Maryland, New York, New Jersey, California, Minnesota, Hawaii, with hourly wages ranging from $22.68 to $19.24
Answer:
Final sale of a brand new Cadillac
Explanation:
Gross Domestic Product (GDP) , is the economic term which is defined as the one that evaluated the economic activity value within the country. It is the sum or aggregate of the market prices of all the final or finished goods as well as services which are produced or manufactured in the economy during a time period.
In short, it states the output worth of the country in the local or country currency.
Therefore, the one which is straightly included in GDP are the final goods, not the intermediate or financial goods. So, the final sale of the Cadillac is included in GDP.