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Taya2010 [7]
3 years ago
8

Categorize each statements as a component of Gross Domestic Product (GDP): consumption, investment, government, or net exports.

If it is not included in GDP, leave it.
i. Consumption
ii. Investment
iii. Goverment
iv. Net exports

Business
1 answer:
marishachu [46]3 years ago
6 0

Answer:

The Gross Domestic Product (GDP) is a measure of the value of all final Goods and Services in an Economy in a given period usually a year.

It can be calculated using the Expenditure method which is;

= <em>Consumption + Investment + Government Spending + Net Exports</em>

Consumption

Here, the final goods and services that all households in the Economy purchased and used for the year are included. It is usually the largest component of GDP.

The following will fall here.

- <em>Ice cream</em>

<em>- A domestically manufactured personal computer</em>

<em>- Cab fare for personal use</em>

<em>- A ticket to a local sporting event</em>

<em>- 55 cent tacos</em>

Investment

The Goods that will fall under here include Capital goods purchased or made in an Economy for the purpose of increasing production capacity.

Of the goods listed only one will fall here being;

- <em>A Domestically Manufactured Personal Computer. </em>

<em />

Government Spending

This includes all Public Spending in the Economy on goods and services for things such as Health and Defense but excluding transfer payments such as Social Security.

- <em>Public School Teacher's Salary will fall under here. </em>

Net Exports

These are the Exported goods from the country less the goods that it imported. From the above only one item falls under this category;

- <em>Exported Doll House</em>

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damaskus [11]

Answer: Information Support and Services

Explanation:

The information support and services personnel covers the following job specification; information technology deployment which entails the implementation of computer systems and software, database management, provision of technical assistance related to computer systems and managing of information systems.

Since Olivia is able to set up her mother's computer network in her business, she can look into Information Support and Services because it covers the field for that

4 0
2 years ago
.
kobusy [5.1K]

Hi!

<em>Option C is correct.</em>

<em></em>

Explanation of the choices:

A. - This seems a good choice, however it's not the best choice. Let's come back to it.

B. - This is the best choice because they get to experience first-hand how to manage and make their own money decisions. Choice A might seem good at first, but we can see this is better because they get to make their own decisions and experience hands-on how to do it.

C - This is not a good choice, because it's best to expose children early so they can grow up knowing how to do it.

D - This choice doesn't make sense. What is the point of money if you store it away and don't spend it? This will likely not be a good lesson in the future.

Hope this helps! :D

5 0
2 years ago
Read 2 more answers
Rick Co. had 30 million shares of $1 par common stock outstanding at January 1, 2018. In October 2018, Rick Co.'s Board of Direc
Llana [10]

Answer and Explanation:

The journal entry to record the given transaction is as follows

Retained earning Dr (0.30 million × $54) $16.2 million

      To Common stock (0.30 million × $1) $0.3 million

      To Additional paid in capital in excess of par (0.30 million × $53) $15.9 million

(Being the stock dividend is declared)

The computation of the shares after declaring the dividend is

= 30 million × 1%

= 0.30 million

6 0
3 years ago
An insurance policy sells for ​$1200. Based on past​ data, an average of 1 in 100 policyholders will file a ​$10 comma 000 ​clai
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Answer:

Expected Value = $740

Expected profit = $22.2m

Explanation:

We can easily calculate the expected value and expected profit/loss in this situation by some minor working

Expected values = Expected Claim - per policy cost

Expected profit/loss = (Expected claim - per policy cost) x number of policies

As you can see per policy cost and no of policies are given in the question data we just need to find expected claim for calculation of expected profit or loss and expected value

Expected Claim = (1/100x$10,000)+(1/250x$40,000)+(1/400x$80,000)

Expected Claim = 100 + 160 + 200

Expected Claim = 460

Now we have a value of expected claim lets put it into Expected profit/loss formula and expected value formula

Expected value = 460-1200

Expected value = -740

-$740 is the value per policy

Expected profit/loss = (460 - $1200 per policy) x 30,000

Expected profit or loss = -22,200,000

Expected loss to the customer = -$22.2 m

Expected profit for the company = $22.2m

3 0
2 years ago
In ________, employees are given a voice in how they do their jobs and in how the company is managed.
9966 [12]
B. Participative management and empowerment
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