1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mestny [16]
3 years ago
13

Categories of expenditures

Business
1 answer:
nadya68 [22]3 years ago
7 0

Answer:

Categories of expenditures

1. I

Eric's employer upgrades all of its computer systems using U.S.-made parts.

2. C

Ginny gets a new refrigerator made in the United States.

3. X

Ginny's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.

4. G

The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.

5. M

Eric buys a bottle of Italian wine.

Explanation:

The US Gross Domestic Product (GDP) can be measured using the expenditure approach: Y = C + I + G + (X – M).  This expenditure approach calculates GDP by evaluating the sum of all final goods and services purchased in the US economy.  The components of the US GDP identified as “Y” in equation form include Consumption (C), Investment (I), Government Spending (G), and Net Exports (X – M) with X as exports and M as imports.

You might be interested in
If scientists discover that steamed milk, which is used to make lattés, prevents heart attacks, what would happen to the equilib
Tatiana [17]

Answer:

a. Both the equilibrium price and quantity would increase.

Explanation:

The point on a demand-supply graph where the demand curve and the supply curve intersects is known as the point of equilibrium.

If scientists discover that steamed milk, which is used to make lattés, prevents heart attacks, what would happen to the equilibrium price and quantity of lattés is that, both the equilibrium price and quantity would increase.

This simply means that, whatever makes the factors of production such as, land, labor, entrepreneurship, capital, or efficiency to either go up or down would certainly result in fluctuations in the economy of a particular country.

Aggregate supply (AS) refers to the total quantity of output (goods and services) that firms are willing to produce and sell at a given price in an economy at a particular period of time.

Aggregate demand (AD) can be defined as the total quantity of output (final goods and services) that is demanded by consumers at all possible price levels in an economy at a particular time.

On a standard Aggregate demand (AD)-Aggregate supply (AS) curve, the y axis denotes the Price (P) of goods and services while the x axis typically denotes the Output (Q) of final goods and services.

In the short-run, a rightward shift in the aggregate supply (AS) curve causes output to increase and result in a price fall (lower price) while a rightward shift in the aggregate demand (AD) curve also cause output to increase and rise in prices.

The short-run nominal fluctuations basically cause a change in the level of production. In the short-run, as a result of a shift in the aggregate supply; an increase in money consequently to result in increase the level of production (output).

Hence, more goods are produced as a result of the increased output (supply) and more goods would be purchased as a result of their lower prices.

5 0
2 years ago
The following events took place for Digital Vibe Manufacturing Company during January, the first month of its operations as a pr
dedylja [7]

Answer:

1.  Income Statement for Digital Vibe Manufacturing company

                    For the Month ended January 31

Sales                                                        875,000

Cost of goods sold                                  525,000

Gross Profit                                              350,000

Operating Expenses:

Selling expenses                 125,000

Administrative expenses     80,000

Total Operating expenses                       <u>205,000</u>

Net Income                                               <u>$145,000</u>

<u />

B.

1. Ending material inventory = Material purchased - Used material in production

= 168,500 - 149,250

= $19,250

2. Ending work in Process inventory = Material used in production + Direct labor + Factory overhead - Transferred of work in process to finished goods

= 149,250 + 360,000 + 120,000 - 600,000

=$29,250

3. Ending finished goods inventory = Transfer from work in progress - Cost of goods sold

= 600,000 - 525,000

= $75,000

6 0
2 years ago
The American Baker’s Association reports that annual sales of bakery goods last year rose 15 percent, driven by a 50 percent inc
Snowcat [4.5K]

Answer:

Optimal package size = 4 units

Optimal package price = $20

Explanation:

P = 8 - 1.5Q and C(Q) = 2.0Q, MC = 2

To obtain optimal package size, we put

Price is equal to the marginal cost, P = MC

8 - 1.5Q = 2

     1.5Q = 6

          Q = 6 ÷ 1.5

              = 4

Therefore,

Optimal package size = 4 units

Hence,

Optimal package price:

= 0.5[8 - 2] × 4 + 2 × 4

= 12 + 8

= $20

3 0
3 years ago
Tim buys a house from Betty in 2011 for $200,000. Betty receives $185,000 and $15,000 goes to Mary, the real-estate agent. Betty
Step2247 [10]

Answer:

$15,000 

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

When calculating GDP, only items produced in the current year are added. The house had been sold in 2007. Adding the sale to the GDP in 2011 would lead to double counting.

It's only the amount paid to the agent that would be added to GDP.

I hope my answer helps you

5 0
2 years ago
Can u be my friends..?
anyanavicka [17]

Answer:hi mare

Explanation:

4 0
2 years ago
Read 2 more answers
Other questions:
  • Free contract is the _____.rivalry among sellers to attract customers while lowering costs concept that people may decide what a
    11·2 answers
  • You purchase a bond with an invoice price of $1,410. The bond has a coupon rate of 6.8 percent, and there are 3 months to the ne
    15·1 answer
  • Suppose you are the owner of a small t-shirt printing business. while conducting a cost analysis of your business, you find that
    10·1 answer
  • Durell and Earline are married, file a joint return, and their two children, ages 5 years and 6 months, qualify as dependents. A
    6·2 answers
  • _____ is an important part of the interview process. It allows you to consider how you did in the interview, examining your stro
    11·2 answers
  • On June 1, 2017, Pharoah Company was started with an initial investment in the company of $22,350 cash. Here are the assets, lia
    8·1 answer
  • Crane Company required production for June is 112000 units. To make one unit of finished product, three pounds of direct materia
    8·1 answer
  • Please help, please
    7·1 answer
  • Which of the following is not something you typically see on your paycheck?
    12·1 answer
  • Select the correct answer from each drop-down menu.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!