Answer:
Explanation:
Giving the following information:
Consumption 4,500
Gross Investment 1,200
Depreciation 655
Profits 655
Exports 500
Compensation of Employees 5240
Government Purchases 900
Direct Taxes 750
Saving 546
Imports 550
A) GDP=C+I+G+/-NX
GDP= 4,500 + 1,200 + 900 + 500 - 550= 6,550
B) GDP Formula = Total National Income + Sales Taxes + Depreciation + Net Foreign Factor Income
GDP= 655 + 750 + 655 + 5,240= 7,300
Total national income = Sum of rent, salaries, profit.
Sales Taxes = Tax imposed by a government on sales of goods and services.
Depreciation = the decrease in the value of an asset.
Net Foreign Factor Income = Income earn by a foreign factor like the amount of foreign company or foreign person earn from the country and it is also the difference between a country citizen and country earn.
Answer:
Answer is a.
Explanation:
- The first journal entry for encumbrances is:
Encumbrances 6,000
Encumbrances outstanding 6,000
- After the receipt of the invoice the journal entry should be:
Encumbrances outstanding 6,000
Encumbrances 6,000
Expenditures 5,900
Invoice 5,900
Answer:
Easy it's B, this is because the rate at which we earn interest with only 1000$ does not keep up with the maintenance fee.
In B u get $1010 because of the interest after the first year,
In D u get $960 because if u get an annual interest of 2% from $1000 u get a total of $1020 but deduction from maintenance fee is $60 per year, Thus $1020-$60 = $960. Same explaination for the others as well.
I think the correct answer from the choices listed above is option A. Gross National Product or GNP is used by economists in place with GDP. Gross National Product is an expression used to measure economic growth and wealth. It includes the value of all goods and services in a given period of time.
It should be the Second one that fits the best answer
