Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4413-- just final answer Question 11 2 pts Transfer payments: are a means by which government raises funds. O are a redistribution of funds from

4413--
just final answer
image text in transcribed
Question 11 2 pts Transfer payments: are a means by which government raises funds. O are a redistribution of funds from one individual to another individual in the economy Oare counted in GDP O is another term for government taxation Question 12 2 pts Table: Calculating GDP Rent $2,400 Consumption spending 7,900 Social Security benefit 6,100 Investment spending 2,100 Wages and salaries 6,500 Exports 800 Interest 1,900 Government purchases of goods and services 2,600 Profits 1,400 Imports 1,200 Purchase of stocks 6,300 Unemployment compensation 3,950 Payroll taxes 2,965 Sales taxes 1,300 Reference: Ral 7-3 (Table Calculating GDP) Using the information in the table provided, which of the following is the correct calculation for GDP? O $47,475 $12,200 O $21.485 O $34,085

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit And Accounting Guide Employee Benefit Plans

Authors: American Institute Of Certified Public Accountants

1st Edition

0870515756, 978-0870515750

More Books

Students also viewed these Accounting questions