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3 years ago

What is a system that collects macroeconomic statistics on production, income, investment, and savings

Business

1 answer:

Pepsi [2]3 years ago

6 0

Answer:

National income accounting

Explanation:

National income accounting collects macroeconomic statistics on production, income, investment, and savings it is an accounting framework that an administrator uses to measure the degree of the country's financial and economic changes. Gross national product is the most common economic indicator which is used to measure national income. National income accounting is an efficient method to analyse the working of the country's economy because it helps to measure nation's micro and macro indicators.

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Misbah Corporation manufactures two styles of lampslong dasha Bedford Lamp and a Lowell Lamp. The following per unit data are a

kvasek [131]

Answer:

D. 8.000 Bedford Lamps and 2.500 Lowell Lamps

Explanation:

The computation of the optimum operating income is shown below:

Particulars Bedford Lamp Lowell Lamp

Sales price $30 $35

Less: Variable costs $18 $ 23

Contribution $12 $12

Machine hours 2 4

Contribution per machine hour 6 3

(Bedford = 12 ÷ 2, Lowell = 12 ÷ 4)

As we can see that the contribution margin per hour of Bedford Lamp is more than that of Lowell lamp so the production of Bedford Lamp should produced first and then Lowell Lamp.

And, required hours to make 8,000 units of bedford lamp is

= 8,000 × 2

= 16.000 hours

Now Balance Hours is

= 260,00 - 16,000

= 10,000 hours

Lowell lamp that can be made from 10000 hours is

= 10,000 ÷ 4

= 2,500 Lowel Lamps

3 0

3 years ago

Calculate total GDP for this economy given the following components of supply. Round your answer to the nearest tenth and enter

Sav [38]

Answer:

The GDP Rounded to the answer to the nearest ten = $21 trillion

Explanation:

What Is GDP?

Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of the country’s economic health.

Though GDP is usually calculated on an annual basis, it can be calculated on a quarterly basis as well.

Using the The Expenditure Method - Aggregate Demand (AD) the formula for GDP is: 

GDP = C + I + G + (Ex - Im),

where “C” equals spending by consumers,

“I” equals investment by businesses,

“G” equals government spending and

“(Ex - Im)” equals net exports, that is, the value of exports minus imports.

GDP =

C = 3.8 + 2.7 + 12.2 = $18.7 trillion

I = 2.1 + 0

GDP = 18.7 + 2.1 = $20.8 trillion 

GDP = $20.8 trillion 

Rounding the answer to the nearest ten = $21 trillion

8 0

3 years ago

The notes to a recent annual report from Weebok Corporation indicated that the company acquired another company, Sport Shoes, In

navik [9.2K]

Answer:

$221,500

Explanation:

The computation of the amount of the goodwill is shown below:

Goodwill = Acquiring value - fair market value of all assets

where,

Acquiring value = $502,000

And, the fair market value of all assets is

= Account receivable market value + inventory market value + fixed assets market value + other assets market value

= $35,000 + $183,000 + $46,500 + $16,000

= $280,500

So, the goodwill is

= $502,000 - $280,500

= $221,500

3 0

4 years ago

Two types of value that are often contrasted are subjective value and: Group of answer choices A. inherent value B. reproduction

Ilia_Sergeevich [38]

Answer:

The correct answer is letter "C": objective value.

Explanation:

Subjective values are those provided by individuals based on their beliefs, perceptions, ideas, feelings, and reflections. Subjective values are biased. Objective values, on the other hand, are based on facts, statistics, evidence, and observations. Objective values are unbiased.

6 0

3 years ago

Jack works in a clothing store at the mall. He is paid on commission, so the more he sells the more money he makes. When a custo

Ann [662]

Answer:

Egoism

Explanation:

Jack reason follows the philosophy of egoism where he is always trying to act for his own benefits (commission). Jack acts humbly, and pay attention to his customers because it is in his best interests to make them like him, the cloth(es) and buy his clothing item(s). Jack is actually after his self interest.

6 0

3 years ago