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Which of the following items are included in official U.S. GDP statistics? Instructions: In order to receive full credit, you mu

elena-14-01-66 [18.8K]

Answer:

Included in GDP

Money spent to clean up a toxic waste site in Ohio.

Andre paying Ted for a haircut in Chicago

Revenue generated by legal medical marijuana sales in California.

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

Items not included in the calculation off GDP includes:

1. services not rendered to oneself

2. Activities not reported to the government

3. illegal activities

4. sale or purchase of used products

5. sale or purchase of intermediate products

Money spent to clean up a toxic waste site in Ohio is part of government spending and it would be added in GDP

Andre paying Ted for a haircut in Chicago is part of consumption spending and it would be added as part of GDP

Revenue generated by legal medical marijuana sales in California is part of consumption spending and it would be added as part of GDP

3 0

3 years ago

What is the probability that this person was a victim of identity theft that occurred from the unauthorized use of a credit card

liberstina [14]

<span>The probability that this person was a victim of identity theft that occurred from the unauthorized use of a credit card is 0.05%. </span>

5 0

3 years ago

The definition of internal control developed by the Committee of Sponsoring Organizations (COSO) includes controls related to th

xxMikexx [17]

Answer:

The correct answer is Option D.

Explanation:

Internal control comprises the whole system of financial and other controls established and operating within a business, including internal check, internal audit and all other forms of control.

Based on Committee of Sponsoring Organizations (COSO) framework, there are 5 interrelated components of internal control, which are: Control environment, Risk assessment, Control activities, Information and communication and Monitoring.

It is necessary to stress that internal control relates to all forms of controls within an organization and not necessarily limited to only accounting matters e.g., a security check on vehicles exiting business premises to be sure they are not carrying stolen items from the organization is an internal control but not an accounting-related.

7 0

3 years ago

are words that are specific to an employer’s needs or industry and improve your chances of having your résumé considered.

leonid [27]

Yes. In a resume, you should include specific words so you appear as a good candidate for a job.

5 0

3 years ago

Read 2 more answers

A salesperson for FS Tools asked Justin, a cabinet maker, "If I can show you how to cut melamine, high-pressure laminates, and f

GalinKa [24]

Answer:

A. need payoff

Explanation:

Based on the information provided within the question it seems that the salesperson's SPIN technique is an example of a need payoff. This term refers to asking an individual/customer about the value or importance that something can provide them. Which is exactly what the salesperson is stating by asking "how much money (value) can this save you?"

5 0

3 years ago