Answer:
A) $20,000
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
The stereo and the tires wont be included in GDP because they are intermediate goods. It is only the final good, the car, that would be included in GDP
The thought of loosing money and being a failure is the one thing you must have confidence and start each day as if it was your last
C. The tools and processes that surround us to gather and interpret data can be defined as an information technology environment.
Our environment is what surrounds us - so if the environment is technological, then different types of technologies and tools are what fall under that category.
Answer:
True
Explanation:
Investment considerations have five basic things. They are:
1. Consistency: Without consistency, an investment cannot be successful.
2. Simplicity: Simple investment can make a better future.
3. The risk-return relationship: It will help to understand which investment is beneficial for the investor.
4. Investment objectives: Without setting objectives, an investment can not grow.
5. Diversification: Diversified investments reduce risk.
