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Yuliya22 [10]
3 years ago
9

Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production

for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States?
a. The costs of overfishing and other overly intensive uses of resources
b. Federal government paychecks to soldiers
c. The value Of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government
d. The variety of goods available to consumers

When a U.S. company purchases and imports wood from Brazil to use to build new houses within the United States, this purchase increases the ________ component of GDP while also ____________ net exports by the same amount. Therefore, the purchase of wood from Brazil causes_________ in US GDP.
Business
1 answer:
sesenic [268]3 years ago
6 0

Answer:

a, c , d

investment

decreasing

no effect

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

When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.  

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

6. Externalities

Investment spending by businesses includes purchases made by businesses. So, investment spending increases. Net export decreases because import is a negative function of GDP. The increase and decrease cancel each other out and there would be no change in GDP

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On January 1, 2018, Savor Corporation leased equipment to Spree Company. The lease term is 9 years. The first payment of $698,00
Anna [14]

Answer:

$347,697

Explanation:

The interest revenue which shall be recorded by the Savor Corporation for the year ended 2018 in respect of equipment leased to Spree Company shall be calculated using the following mentioned formula:

Interest revenue=(Present value of lease equipment as at January 1, 2018-payment made on January 1, 2018)*interest rate

In the given question:

Present value of lease equipment as at January 1, 2018= $4,561,300

Payment made on January 1, 2018=$698,000

Interest rate=9%

Interest revenue=($4,561,300-$698,000)*9%=$347,697

8 0
3 years ago
Big Tommy Corporation is a local grocery store organized seven years ago as a corporation. The bookkeeper prepared the following
Natali [406]

Answer:

                        Big Tommy Corporation

      Profit and Loss for the year ended December 31

Sales                                                                         404,000

Cost of Goods Sold                                                 279,000

Gross Profit                                                               125,000

<em>Operating Expenses:</em>

Salaries and Wages Expense                   58,000

Office Expenses                                         16,000

Travel Expenses                                           1,000    75,000

Operating Income:                                                     50,000

Non-Operating Expenses

Income Tax Expense                                 15,000     15,000

Net Income                                                                 35,000

Explanation:

Multistep income statement makes a clear distinction on Operating Incomes and Expenses and Non-Operating Incomes and Expenses

Operating income is Profit generated from Primary activities of the company

Non-Operating Incomes and Expenses do not relate to the Primary activities of the firm.They occur as a result of secondary activities.

7 0
3 years ago
If you're a manufacturer, and you want to showcase your product in a store that has a narrow but deep selection of merchandise a
lara31 [8.8K]

Answer:

specialty store

Explanation:

Based on the scenario being described within the question it can be said that for this you would most likely choose a specialty store. This refers to a retail business that focuses on very unique and specific product categories, in which everything revolves around that category. This category may be unique but offer a wide variety of product offering within it.

8 0
3 years ago
Optimizing economic agents use the real interest rate when thinking about the economic costs and returns of a loan. Suppose the
Elan Coil [88]

Answer:

10.45 %

Explanation:

Please see attachment

4 0
3 years ago
Commercial paper isa. ) loans made by commercial banks b.) loans made by the federal reserve bank to its members c.) a corporati
miv72 [106K]

Answer: a corporations short term notes

Explanation: Commercial paper can be defined as the money market security having maturity of less than 270 days. These are not backed by any collateral thus these could be issued by large companies having high credit worth in the market.

These are issued by corporations for coping with its short term obligations.

These are guaranteed by the issuing company.

3 0
3 years ago
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