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3 years ago

Measuring GDP

Business

1 answer:

Ymorist [56]3 years ago

4 0

Answer:

$-625.4 billion

$20,494 billion

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

2531.3 - 3,156.7 = $-625.4 billion

GDP = 13,948.5 + 3,650.1 + 3,520.8 - $-625.4 = $20,494 billion

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Which statement below best describes the accounting equation? Multiple Choice The change in retained earnings equals net income

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3 years ago

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The operations vice president of security home bank has been interested in investigating the efficiency of the bank’s operations

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The costing study of bank operation goes thus:

<h3 /><h3>Opening accounts:</h3>

Distribution of Resource Amount Percentage Amount

Teller wages $160,000 x 5% = $8,000

Asst. branch manager salary $75,000 x 15% = $11,250

Branch manager salary $80,000 x 5% = $4,000

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Activity rate = $23,250 / 500 = $46.50 per new account

<h3>Processing deposits and withdrawals:</h3>

Distribution of Resource Amount Percentage Amount

Teller wages $160,000 x 65% = $104,000

Asst. branch manager salary $75,000 x 5% = $3,750

Branch manager salary $80,000 x 0% = $0

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<h3> Processing other customer transactions:</h3>

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learn more about costing of bank operation from here: brainly.com/question/988393

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