Answer:
$120,669
Explanation:
Ending Retained Earnings = Opening Retained Earning + Net Income - Dividends
therefore,
Ending Retained Earnings = $90,369 + $46,300 - $16,000 = $120,669
thus,
Ending balance in Retained Earnings be next year will be $120,669
The biggest differences between the two are that GDP no longer counted foreign activities of American businesses located in other nations.
GDP is a hallmark of the nearby/countrywide economy, GNP represents how it is nationals are contributing to the country's economy. For instance, united states of America-based information reporter sent to South Korea and sends her Korean earnings home, they make contributions undoubtedly to the united states' GNP. GDP excludes goods and offerings which can be produced out of doors in the economic system while GNP excludes items and offerings which might be produced by way of foreigners living inside u. s . a .. GDP measures best home manufacturing whereas GNP measures handiest the manufacturing by using nationals.
GDP seems for the amount of monetary activity within a state's economic system, whilst GNP appears on the price of the economic hobby generated with the aid of the state's human beings. which means GNP will matter to the monetary activities of expatriates and different residents out of doors u. s. a .'s borders but GDP will now not. GDP will recall the activities of noncitizens within those borders, however, GNP will now not.
GNP can be calculated by adding intake, authorities spending, capital spending with the aid of agencies, internet exports, and net income with the aid of domestic citizens and companies from distant places investments. This discern is then subtracted from the internet profits earned with the aid of foreign citizens and agencies from home investment.
Learn more about the Gross National Product here: brainly.com/question/1383956
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A bear would be an example of a consumer
That’s the same thing I have in school
Answer:
Firm should hire the 4th worker as MR > MC.
Explanation:
Here, we are comparing the marginal cost of hiring 4th worker with the revenue generated by the 4th worker.
Marginal cost of hiring 4th worker:
= Total cost with 4 workers - Total cost with 3 workers
= $4,600 - $4,000
= $600
Total revenue generated by the 4th worker:
= Number of units produced by 4th worker × Price of each unit
= 50 × $15
= $750
Therefore, the firm should hire the 4th worker as the marginal revenue of 4th worker is greater than its marginal cost.
