The expenditure approach to measuring U.S GDP equals <u>all expenditure on final goods and services produced in the united states in a given time period</u>
The Expenditure Approach is a way to estimate GDP that accounts for all economic expenditures, including net exports, government spending, investment, and consumer spending. To put it another way, this approach calculates how much our nation produces based on the premise that the total amount spent in a nation over a certain time period was equivalent to the value of the nation's finished goods and services.
As per expenditure approach the method used to measure and compute nominal GDP is the most popular. The expenditure method formula is computed by adding Net Exports, Government Spending, Investment, and Consumer Spending.
GDP = C + I + G + NX
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According to most economics textbooks, our wages are determined just like any other price: by supply and demand. People supply their labor, and companies demand it, creating a market for labor.
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Yes I think there would be grounds for firing if an employee helped his fellow employees cheat on overtime. Relations between the employee and the company should be based on a fair day's work for a fair day's pay and pay should only be based on the hours actually worked. If there is any dispute over pay or time off for overtime it needs to be discussed openly with the employee's supervisor.
Answer:
- Compound Interest ⇒ FV = PV x (1 + I ) ^N
- Simple Interest ⇒ FV = PV x I x N
Explanation:
With compound interest the rate of growth needs to be compounded which is why the time period is used to exponentially adjust it.
With simple interest there is no compounding so the value is simply the interest that will be earned every period (which is a constant value) multiplied by the number of periods and the amount to be invested.
Answer:
$1.01 billion
Explanation:
The computation of the amount for advertising based on projected sales is shown below:
= Advertising expense ÷ sales × projected sales in next year
= $0.8 billion ÷ $15 billion × $19 billion
= $1.01 billion
First we find out the advertise to sales ratio after than we multiplied it with the projected sales in next year in order to find out the advertising based on projected sales
