The high-income economies of the world include approximately 12% of the world’s population and produce and consume 60% of the world’s GDP.
<h3>What is GDP?</h3>
The gross domestic product stands as a monetary measurement of the market value of all the final goods and services produced in a distinctive period by countries. Due to its complex and subjective nature, this measure exists often revised before being deemed a reliable indicator.
Gross domestic product (GDP) stands for the total monetary or market value of all the finished goods and services constructed within a country's borders in a typical period. GDP measures the worth of the final goods and services produced in the United States (without double counting the middle goods and services used up to produce them).
The high-income economies of the world include approximately 12% of the world’s population and produce and consume 60% of the world’s GDP.
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Answer:
$9,000
Explanation:
Vernon can only deduct the actual lease expenses incurred during 2016, and that is only three months: October, November and December.
= 3 months x $3,000 per month = $9,000
This logic applies to every expense that is paid in advance, you can only deduct payments that apply for the current tax year.
Answer:
a.Payment for meals
Explanation:
Opportunity cost is referred to as the next best alternative.
Opportunity cost means the benefits foregone of the non chosen alternative when an alternative is chosen from the available set of options which includes the non chosen option.
For e.g storage of money at home has an opportunity cost in the form of loss of interest had the same money been invested elsewhere apart from assuming the risk of loss of theft.
In the given case, the opportunity cost of being a full time student at a university instead of working full time at a job includes the opportunity cost in the form of income from that full time job in addition to specific expenses incurred for being a full time student such as Payment for tuition, Payment for books.
Thus, payment for meals represents a common cost which would've been incurred anyway irrespective of whether one attends full time college or does a full time job.
Answer:
Yes, because the job offer is for longer than one year from March 1
Explanation:
Since in the question it is mentioned that Sara who is a student have offered a job on March 1 that begins on June 15 and she have to move to california for the job. So here the Sara would ask the letter in the case when she accepted the offer immediately as the job offer would be more than one year i.e. from March 1
Therefore the above represent the answer
