Answer:
The total market value of final goods and services produced in an economy in some time period.
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
Answer:
d. Both a and b are correct.
Explanation:
Under a market economy the agents are free in both ways, they can arrenge their decision in open negociation with their supplier/employeer and can choose between the goods produced in the economy which ones to consume or not.
While in a communist economy it is a central planner who decide the output and payment for the families job.
Answer:
The most important step of the decision-making process is: Assessing the possible uncertainties in the future course of action. It is a must for any of the firms to assess or evaluate the possible risks or the uncertainties associated with the firm operation and functioning.
Answer:
$4,000,000
Explanation:
The computation of Present Value of Annuity is shown below:-
Present Value of Annuity = Amount ÷ Rate of Interest
Rate of Interest = 6.5% per year compounded weekly
or Rate of Interest = 6.5 ÷ 52
= 0.125% per week
Present Value of Annuity = Amount ÷ Rate of Interest
= $5,000 ÷ 0.00125
= $4,000,000
Therefore for computing the present value of annuity we simply applied the above formula.
Answer:
The answer is "
"
Explanation:
Please find the complete question in the attached file.
Commercial sector contribution margin
Margin per unit of contribution = sales price – Unit cost variables
Margin of Contributions = Revenue Sales - Fixed expenses
Aerospace industry variable costs
