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Travka [436]
3 years ago
15

(a) how much more output does the $18 trillion u.s. economy produce when gdp increases by 1.0 percent? instructions: enter your

response rounded to two decimal places.
Business
1 answer:
Lera25 [3.4K]3 years ago
3 0
<span>The output generated when the GDP increases by 1.0 percent, given an $18 trillion status of the U.S. economy is $0.18 trillion. This figure is found by taking $18 trillion (1.8*10^10) * 1% (0.01) = $1.8 billion (1.8*10^9). Simplifying the equation it is $18 trillion*1% = $0.18 trillion.</span>
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Answer:

Net income = $20,940

Explanation:

Answer 1.

   

Accounts                                                                                                                

Cash Receipts                             32,000  

Expenses    

Advertising                    500    

Depreciation                 3,200    

Car & Truck Expense       1,360    

Employee Compensation  5,000    

Education                    1,000                          11,060  

Net Income                                               20,940  

   

Therefore, the net income that Smith should report from his business after considering all the cash receipts and all the expenditures associated with his business is $20,940. All the expenses are to be deducted from income.

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Answer:

The correct answer is option b.

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