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Korolek [52]
3 years ago
15

refer to the accompanying national income data (in billions of dollars). the gross domestic product for this economy is

Business
1 answer:
jeka943 years ago
4 0

Answer: $623 billion

Explanation:

Gross Domestic Product refers to the final value of the goods and services produced within a country in a certain period which is usually a year.

It can be calculated by several approaches with one of them being the Expenditure approach.

The formula is:

= Consumption + Investment + Government spending + Net exports

= 400 + 88 + 128 + 7

= $623 billion

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I immediately need help with this please help me someone please solve it for me it’s pretty urgent if u write unnecessary things
zysi [14]

Hello there ☺️,

<em>Please check the attached image of the answer. </em>

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3 0
3 years ago
According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social security tax and $500,000 was
andrey2020 [161]

Answer: C. credit to SUTA Payable of $810

Explanation:

The SUTA tax is a certain percentage expected of employers to pay to the state so as to provide palliative or benefit to displaced workers.

The state unemployment tax rate = 5.4% = 0.054

Taxable amount = $15,000

Tax fee = SUTA rate × taxable amount

SUTA tax amount = $15,000 × 0.054

SUTA tax fee = $810.

Therefore accrued payroll taxes will be feature a journal entry to credit the State Unemployment Tax payable of $810.

5 0
3 years ago
Because consumers are generally more sensitive to price increases than to price decreases, it is easier to lose current customer
Illusion [34]

Answer:

True

Explanation:

When the price increases, more people will be unwilling to buy the product. However, simply lowering the price will not necessarily gain a large number of new customers.

7 0
3 years ago
New oil is reserves are discovered. What has increased in supply.
zalisa [80]

The correct answer is D. Land

Explanation:

In economics, land is one main factor of production and includes natural resources that can be used to make products, for example, wood can be used to made furniture or fruits can be used to produce juice, jam, and similar. Also, these resources are classified into renewable and nonrenewable depending on whether they are abundant and replenish in a short time. Oil is considered part of the land factor because this is a non-renewable resource that is used to produce goods such as fuels or plastic. Therefore, if new oil reserves are discovered there is an increase in land supply because more natural resources are available to produce goods.

4 0
3 years ago
The money the borrower pays for the use of the​ lender's money is called the​ ______.
lana [24]
Loaner

I hope this is right.
8 0
3 years ago
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