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antiseptic1488 [7]
3 years ago
15

Explain the 5 methods used to measures national income​

Business
1 answer:
mart [117]3 years ago
3 0

Answer:

National income can be measured through three different methods. The methods are as follows:

1. Product method

In this method National income is determined by the market value of all the final goods and services produced within a nation during a fixed time period.( The goods and Services does not include intermediate goods.)

2. Expenditure method

Under this method the national Income is determined by the total spending on final goods and services which are produced within a nation in a fixed time period.

3. Income method

As the name suggests , national Income under this method is calculated by adding the incomes received by producers.

Explanation:

:)

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I think it would be the first one to be honest

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A ____________ is the unit of measurement of a lens's refractive power.
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Dioptre

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Implanted microchips have been tested over long periods of time and are
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Implanted microchips have been tested over long periods of time and are widely accepted as being safe.

A microchip is a set of digital circuits on one small flat piece of semiconductor material, normally silicon. A microchip is a unit of packaged pc circuitry  that is fabricated from a fabric including silicon at a totally small scale. Microchips are made for program common sense and for pc reminiscence.

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6 0
2 years ago
Identify the financial statement​ (or statements) that each account would appear on. Use I for Income​ Statement, RE for Stateme
Katen [24]

Answer:

a. Accounts Payable: B

b. Cash: B

c. Common stock: B.

d. Account Receivables: B

e. Rent expenses: I

f. Service revenue: I

g. Office supplies: B

h. Dividends: RE

i. Land: B

j. Salaries Expenses: I

Explanation:

a. Accounts Payable: I

It is recorded in the Liability part to showed amount owed to suppliers.

b. Cash: B

It is recorded in the Current Asset part to show amount of cash on hand and in bank.

c. Common stock: B

It is recorded in the Owner Equity part to show Owner's capital contribution

d. Account Receivables: B

It is recorded in the Asset part to show amount owed from customers.

e. Rent expenses: I

It is recorded in the expenses part of income statement.

f. Service revenue: I

It is recorded in the revenue part of income statement.

g. Office supplies: B

It is recorded in the current asset part of the Balance Sheet statement to show how much office supplies is not consumed/ fully consumed.

h. Dividends: RE

It is recorded in the Statement of Retained Earnings to show dividend paid out in the reporting period.

i. Land: B

It is recorded in the Non-current Asset part of the balance sheet to show Book value of land possession.

j. Salaries Expenses: I

It is recorded in the expenses part of income statement.

5 0
4 years ago
The United Kingdom started regulating the size of grocery stores in the early​ 1990s, and​ today, the average size of a typical
Svetradugi [14.3K]

Answer:

C. The​ long-run average cost of production for U.K. grocery stores is lower if there are diseconomics of scale.

Explanation:

The diseconomy of scale is called the effect that occurs in the costs of a given production. These effects generate increasing costs for the company for each unit of product that is manufactured. Specifically and technically, a diseconomy of scale occurs when a percentage increase in production is less than the percentage increase in inputs.

Since the size of the grocery stores decreases, the average costs decreases. So, The​ long-run average cost of production is lower when there are diseconomics of scale.

Hope this helps.

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4 years ago
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