Answer:
$2 trillion
Explanation:
GDP is the monetary value of all the goods manufactured and services made within the country for a specific period of time. It shows the economic condition of a country.
As per given data
Total GDP = $12 trillion
Consumption = $8 trillion
Govt. Spending = $2 trillion
Taxes = $0.5 trillion
Disposable income = GDP - Taxes = 12 Trillion - 0.5 trillion = $11.5 trillion
Private saving = Disposable Income - consumption = $11.5 trillion - 8 trillion = 3.5 trillion
Budget Balance = Taxes - Govt. Spending = 0.5 trillion - $2 trillion = -1.5 trillion
Investment Spending = Private saving + budget balance = 3.5 trillion - 1.5 trillion = $2 trillion
Answer:
It is important to screen your business idea because with screening it it can give you a wide variety of what's wrong with your idea and what you can do to solve it
What to produce
who for
how much to produce
Answer:
Profit and Loss Account or Income Statement
Explanation:
When closing off an expense, we debit the Expense Account and Credit the Profit and Loss Account or Income Statement. This is because an Expense is accounted as a decrease in the profit of the company. The Final Statement that reports profit is the Profit and Loss Account or Income Statement.