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AVprozaik [17]
3 years ago
5

A country with a relatively low level of real GDP per person is considering adopting two policies to promote economic growth.The

first is to increase barriers to trade.The second is to restrict foreign portfolio investment.Which of these policies would most economist think would promote growth? Select one: a. both the first and the second b. the first but not the second c. the second but not the first d. neither the first nor the second
Business
1 answer:
IceJOKER [234]3 years ago
4 0

Answer:

The correct answer is the letter d. Neither the first nor the second.

Explanation:

GDP (gross domestic product) growth is influenced by various factors, consumption, investment, technology, external sector, etc. The policy of restricting foreign trade by placing barriers to trade has reduced GDP as it burdens one of the drivers of economic growth, for example by reducing exports to the rest of the world and thus GDP. Similarly, restricting foreign portfolio investment contributes to non-GDP growth, as foreign investments play an important role in increasing companies' capitalization, helping them to make more investments. Therefore, both economic policies are wrong.

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The following selected accounts from the Bramble Corp.’s general ledger are presented below for the year ended December 31, 2022
allochka39001 [22]

Answer:

                                                                           $                              $

Sales Revenue                                                                             2,399,000    

Less:  

Sales return and allowances                        43,000  

Sales discount                                        <u>       8,600</u>

                                                                                                   <u>  2,347,400</u>

Net sales                                                                                    

Cost of goods sold                                                                 <u>       1,084,000</u>

Gross profit                                                                                     1,263,400

Operating expenses;

Advertising expense                                     54,000

Depreciation expense                                  124,000

Freight out                                                     24,000

Insurance expense                                       15,000

Salaries and wages expense                  <u>     674,000</u>

Total operating expense                                                          <u>     891,000‬</u>

Income from operation                                                                  372,400‬        

Other revenue and gains  

Interest revenue                                           32,000

Rent revenue                                            <u>    24,000  </u>              

                                                                                                         56,000

Other expenses and loss  

Interest expense                                                                            <u>    69,000</u>

Income before income taxes                                                          359,400

Income tax expense                                                                    <u>      69,000</u>

Net income                                                                                       290,400‬

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