Answer:
The leisure time enjoyed by households The costs of overfishing and other overly intensive uses of resources
The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government
Explanation:
Gross domestic product is the sum of all 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 + Investment spending + Government Spending + Net Export
Funds spent by city governments to renovate their buildings is included in the calculation of GDP as part of government spending.
Items not included in the calculation of GDP are :
1. Leisure
2. Externality
3. Transfer payment
4. Illegal activities
I hope my answer helps you
Answer:
The correct answer is letter "D": represents the universality of exchange rate systems.
Explanation:
Purchasing Power Parity or PPP compares different countries' currencies through a market's basket of goods approach. Two currencies are in PPP when a market basket of goods, taking into account the exchange rate is priced the same in both countries. PPP currency rates are considered more accurate than market-exchange rates.
Answer:
$5.2 million
Explanation:
Opening retained earnings + net income earned - dividend paid = Closing retained earnings
Given;
- the ending Retained Earnings balance of Lambert Inc. increased by $2.6 million from the beginning of the year
- net income earned during the year is $7.8 million
Therefore,
Dividend paid = -$ 2.6 million + $7.8 million
= $5.2 million
The amount of dividends Lambert Inc. declared and paid is $5.2 million.
Answer:
Shop for an account that earns high interest
Explanation:
Ariel should shop for an account that earns the highest interest rates in the market. With an account that earns high interest, Ariel does not need to save the entire amount required to purchase the computer. She will save a big percentage while the interest earned will add to the rest of the amount.
An account that compounds interest would be ideal for her. Compounding interest means that interest earned in the year is added to the principal amount. The principal amount increases, so does interest in the preceding seasons.
Question options
A) downward sloping; downward sloping B) downward sloping; horizontal C) horizontal; downward sloping D) horizontal; horizontal E) downward sloping; upward sloping
Answer
B) downward sloping; horizontal
Explanation:
The demand curve in a perfectly competitive firm is downward sloping because it is perfectly elastic since each price change results in a corresponding change in the demand quantity.
The demand curve of a monopolist is horizontal since it is perfectly inelastic meaning a price change such as an increase or decrease in price will not cause a change in quantity demanded.
