Explain how GDP can be determined by summing up all of the incomes that were derived from
Question:
Explain how GDP can be determined by summing up all of the incomes that were derived from producing the economy’s output of goods and services.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Macroeconomics
ISBN: 9781259915673
21st Edition
Authors: Campbell McConnell, Stanley Brue , Sean Flynn
Question Posted:
Students also viewed these Business questions
-
Final_Exam_Macro Question 1 (2 points) Purchasing-power panty theory does not hold at all times because many goods are not easily transported and the same goods produced in different countries may be...
-
Learning Objectives 3-1 By the end of this section, you will be able to: Explain demand, quantity demanded, and the law of demand Identify a demand curve and a supply curve Explain supply, quantity...
-
HI PLEASE ANSWER ALL 1. Assume the market for apples is initially in equilibrium. Which of the following will result in a higher equilibrium price of apples? a. An increase in both the demand for and...
-
By knowing the value of e/m how you will calculate the mass of an electron?
-
Davidson Company was started on January 1, 2013, and experienced the following events during its first year of operation: 1. Acquired $52,000 cash from the issue of common stock. 2. Borrowed $20,000...
-
A block of mass m1 = 2.00 kg and a block of mass m2 = 6.00 kg are connected by a mass less string over a pulley in the shape of a solid disk having radius R = 0.250 m and mass M = 10.0 kg. These...
-
Explain how GDP can be determined by summing up all of the incomes that were derived from producing the economys output of goods and services.
-
A manufacturer is considering replacing a production machine tool. The new machine, costing $3700, would have a life of 4 years and no salvage value , but would save the firm $500 per year in direct...
-
Which of the following is a key performance indicator of the internal business perspective in a balanced scorecard? A. return on investment B. hours of employee training C. percentage of market share...
-
Describe how expenditures on goods and services can be summed to determine GDP.
-
Describe the relationships among GDP, net domestic product, national income, personal income, and disposable income.
-
Of the variables you have studied so far, which type yields nonnumerical data?
-
Do the Math 3-5 Construct Financial Statements Thomas Green, of Laramie, Wyoming, has been a retail salesclerk for six years. At age 35, he is divorced with one child, Amanda, age 7. Thomas' salary...
-
On January 1, Palisades, Inc., acquired 100 percent of Sherwood Company's common stock for a fair value of $120,240,000 in cash and stock. The carrying amounts of Sherwood's assets and liabilities...
-
The probabilities of the following three possibilities to a house is given below: Event Loss Probability No Loss 0 90% Small Loss 5,000 8% Large Loss 50,000 2% a. Calculate the expected value and...
-
You graduated and got a job at MetLife pension department. Your supervisor needs your help with some of its liabilities and risk control. The pension fund has a series of liabilities to be paid to...
-
Question 4 (15 marks). Provided is the information on admission and training expense for the last four quarters of the year. Determine the standard error of estimate. (15 marks) Training Expense...
-
A gas refrigeration system using air as the working fluid has a pressure ratio of 4. Air enters the compressor at -7C. The high-pressure air is cooled to 27C by rejecting heat to the surroundings. It...
-
For liquid water the isothermal compressibility is given by; where r and b are functions of temperature only. If 1 kg of water is compressed isothermally and reversibly from I to 500 bar at 60(C. how...
-
Most American businesses are small, but most of the output is produced by large businesses. That sounds paradoxical. How can it be true?
-
What is the role of government in a mixed economy?
-
Discuss the resource limitations that affect a. The poorest person on earth b. Bill Gates, the richest person on earth c. A farmer in Kansas d. The government of Indonesia
-
(Compound annuity) What is the accumulated sum of each of the following streams of payments? a. $520 a year for 10 years compounded annually at 11 percent. b. $100 a year for 8 years compounded...
-
Researchers used the simple linear regression model to study the relationship between social media screen time during a week and end-of-week quiz results. As one of the researchers, find the...
-
A and B are mutually exclusive projects. The required rate of return is 12%. The cutoff period is 2.5 years Year Cash FlowIA Cash Flow (B -$75,000 32.400 30,200 36,600 -$38,000 17,800 14,200 19.800 2...
Study smarter with the SolutionInn App