The total dollar value of consumption, investment, government spending, exports, and imports is provided in the table above. What is the GDP of this fictional country?
Possible answers are:
$12,000,000
$9,000,000
$8,000,000
$10,000,000
Answers
The GDP of this fictional country is $ 8,000,000 (option C)
What is the GDP?Gross domestic product (GDP) is a term to refer to a macroeconomic magnitude that expresses the monetary value of the production of goods and services in final demand of a country or region during a period, usually one year.
There are several ways to know the GDP of a country, the simplest is a mathematical operation that includes the following data:
The consumption of households and non-profit institutions.The investment of companies and families.The final consumption expenditure of the public sector.The value of net exports.The value of imports.The operation states that we must add the first four indicators and subtract the last one. According to the information provided in the fragment, the operation would be:
5 + 2 + 2 + 1 - 2 = 8According to the above, the GDP of this fictitious country is $ 8,000,000 (option C)
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Related Questions
When countries specialize in the production of goods they have the comparative advantage in, both ___________ and ___________________ will increase
Answers
Based on the question above, demand and supply will increase.
Demanddemand is the quantity of a good that consumers are willing and able to buy at various prices during a given period of time.Supply supply is the amount of a resource that firms, manufacturers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual.Therefore, the correct answers are demand and supply.
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Lucas spends $83. 42 in additional interest and charges on monthly payments as the result of a prior bankruptcy. If Lucas been able to save this money for the year and then put it into a savings account earning 1. 8% simple interest, how much money could he have in savings after 3 more years? a. $1,649. 72 b. $1,055. 10 c. $1,019. 06 d. $1,001. 4.
Answers
Answer: A
Explanation:
Based on the amount saved monthly and the simple interest earned in 3 years, the amount in savings would be $1,055.10.
The amount saved for the year would be:
= 83.42 x 12 months
= $1,001.04
If this amount was saved at simple interest at 1.8% per year, the amount in 3 years would be:
= Amount + ( Amount x rate x number of years)
= 1,001.04 + (1,001.04 x 1.8% x 3)
= $1,055.10
In conclusion, the account would have $1,055.10
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The United States and Canada have the production possibilities curves shown above. It is determined that the United States has the comparative advantage in peanuts. Will both nations gain from trade if the terms of trade that are offered are 1 Peanut= 2 Corn? Why or why not? Show your work.
Answers
In an exchange term in which 1 peanut is offered in exchange for 2 corn, the United States benefits because it has a greater capacity to exchange peanuts, so it can obtain more corn.
The graph shows the production capacity of the United States and Canada to produce corn and peanuts. In the case of the United States, it has the capacity to produce 60 of each product while Canada only has the capacity to produce 60 of corn and 20 of peanuts.
According to the above, if an exchange is established between the two countries in which 1 peanut is exchanged for 2 corn, the United States would have an advantage since they have more peanuts to offer and the amount of corn they would receive at change would be greater (maximum 160 corn)
On the other hand, Canada only has the capacity to change 20 peanuts, which is equivalent to 40 corn. So the United States is at an advantage because it has more peanuts to offer and would have a greater reception of corn.
Note: This question is incomplete because the graph is missing. Here is the graph.
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Mark is looking for professional financial assistance. Mark has never invested before and is not quite sure where to start. He knows that he wants to build up investments for future projects such as retirement, but he is not sure how to navigate investment in light of his existing debts. Recommend an appropriate financial professional for Mark. A. Full-service broker b. Discount broker c. Accountant d. Financial planner Please select the best answer from the choices provided A B C D.
Answers
The recommended appropriate financial professional for Mark. A is: d. Financial planner.
Financial planner is a financial professional or financial adviser who is in the right position to give financial advice or to provide financial guidance to you.
A financial planner can help you plan your finances so as to avoid running into debt which will in turn will enables your to achieve your financial aims and goals.
It is the duty of a financial planner to give you some insight on how you can grow your wealth and how to manage your wealth.
Based on the given scenario Mark should consult a financial planner who will help him plan his finances as well as how to build his investment for future project.
Inconclusion the recommended appropriate financial professional for Mark. A is: d. Financial planner.
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Answer:
It's D
Explanation:
4/ "People 3. How can you are attracted to the poultry farming these days" Explain with practical examples.people are attracted to the poultry farming these days explain with particle example
Answers
we can attracted to the poultry farming these days by saying eveyone to involve in this work and be excited
Which leadership skill do you feel is most important for a small business to succeed for a
long time? Explain your answer using examples. It's depends on the business that they are doing because they all have strengths and weakness.
Answers
A savings account is a good choice for:
A. a high return on your investment.
B. retirement planning.
C. when you need easy access to your funds. .
о
D. basic savings and as an emergency fund.
Answers
Answer:
B. Basic savings and as an emergency fund
Explanation:
What tool in Word can you use to search your entire document for spelling and grammar errors?
Grammar Fixer
Spelling Dictionary
Spelling Help
Spelling and Grammar Check
Answers
Answer:
Spelling and Grammar check.
Explanation:
Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to
O*NET, what are common tasks performed by Graphic Designers? Check all that apply.
conferring with clients
creating designs, concepts, and sample layouts
scheduling projects for clients
hiring and training new team members
determining size and arrangement of illustrative material and copy
developing graphics and layouts
Answers
Answer:
creating designs, concepts, and sample layouts
scheduling projects for clients
determining size and arrangement of illustrative material and copy
developing graphics and layouts
Answer:1,2,5,6.
Explanation:
The ______ is a roadmap that displays how all the specific activities fit together to accomplish the project work scope.
Answers
Based on project management, the Network Diagram is a roadmap that displays how all the specific activities fit together to accomplish the project work scope.
Network Diagram in Project ManagementGenerally, Network Diagram is a tool used by project managers to visualize the whole concept before the work is carried out. It is also used throughout the project to determine how the work is to be done, including the duration and methods, sequence, and dependency.
Benefits of a Project network diagramVisual representation of work or project in progress.Ascertaining project workflows.Tracking dependencies and potential stoppages.Hence, in this case, it is concluded that the correct answer is Network Diagram.
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Gareth bought a home for $135,000. The home gained 2. 2% in value every year for eight years until Gareth sold it. How much profit did Gareth make, to the nearest hundred dollars? a. $60,700 b. $25,700 c. $23,800 d. $29,100.
Answers
The amount of profit made by Gareth upon the sale of the home is $26,700.
Computation:
Given,
[tex]P[/tex] = Principal Amount of $135,000
[tex]i[/tex] = interest rate of 2.20%
[tex]n[/tex] =number of years are 8 years
First, the value of the home at the end of the 8th year will be computed by using the formula of future value.
[tex]\begin{aligned}\text{Future Value}&=P\times(1+i)^n\\&=\$135,000\times(1+0.022)^8\\&=\$160,672.27\end{aligned}[/tex]
Now, the profit will be computed by taking the difference of the future value of the home and the purchase price or the principal amount of the home.
[tex]\begin{aligned}\text{Profit}&=\text{Future Value\;-\;Principal Amount}\\&=\$160,672.27-\$135,000\\&=\$25,672.27\;\text{or}\;\$25,700\end{aligned}[/tex]
Therefore, at the time of sale of the home, the amount of profit gained by Gareth is $25,700.
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Answer:
b. $25,700
Explanation:
got it right
Lopez Corporation, a manufacturer of household paints, is preparing annual financial statements at December 31, 2007. Because of a recently proven health hazard in one of its paints, the government has clearly indicated its intention of having Lopez recall all cans of this paint sold in the last six months. The management of Lopez estimates that this recall would cost $800,000.
Requried:
What accounting recognition, if any, should be accorded this situation?
Answers
The accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000.
Basically, an accounting recognition refers to the act of recording a business transaction in the firm's accounting records.
Because the management of Lopez estimates that this recall of all cans of paint sold in the last six months would cost $800,000, then, the entry will be as followsIn conclusion, the accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000
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Due to mismanagement, Pakistan Steel Mills is currently over levered with a debt to capital ratio of 80% and a pre-tax cost of debt of 8%. Management of Pakistan Steel Mills is considering a restructuring that will reduce the company's debt to capital ratio to 40% and its pre-tax cost of debt to 6%.
Current:
Debt/(Debt+Equity) = 80%
Cost of Debt (pre-tax) = 8%
Cost of Equity = 24.10%
Recapitalised:
Debt/(Debt+Equity) = 40%
Cost of Debt (pre-tax) = 6%
Cost of Equity = ?
If the marginal tax rate is 25%, the risk-free rate is 2.5%, and the equity risk premium is 6%, estimate the cost of capital after the restructuring.
Answers
The estimated cost of capital after the restructuring is 10.82%.
Using the MM Proposition II with taxes, we need to first calculate the Cost of unlevered equity;
Cost of unlevered equity = (Cost of levered equity+cost of debt*D/E*(1-tax rate))/(1+D/E*(1-tax rate))
Cost of unlevered equity = (24.10% + 8%*80%/20%*(1-25%)) / (1+80%/20%*(1-25%))
Cost of unlevered equity = 12.03
Cost of levered equity = Cost of unlevered equity + (Cost of unlevered equity-Cost of debt)*D/E*(1-tax rate)
Cost of levered equity = 12.03% + (12.0250%-6%)*40%/60%*(1-25%)
Cost of levered equity = 15.04%
Cost of capital (WACC) =40%*6%*(1-25%)+60%*15.0375%
Cost of capital (WACC) = 0.018 + 0.090225
Cost of capital (WACC) = 0.108225
Cost of capital (WACC) = 10.82%
In conclusion, the estimated cost of capital after the restructuring is 10.82%.
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Professional real estate trade associations and state real estate Commissions help guide real estate licensees in the practice of their profession by creating A) a code of ethics. B) a special category of licensing for those who work free of charge for in-need clients. C) a business model for real estate professionals. D) a list of real estate licensees who promise to act ethically.
Answers
The real estate associations and Commissions help to guide the real estate licensees by creating the code of ethics.
Code of ethics refers to those set of principles which are required to guide professionals in the conduct of their business with integrity.
The real estate associations and Commissions help to guide the real estate licensees by creating the code of ethics.
The Realtors' Code of Ethics is divided into three major sections which includes:
Duties to Clients and CustomersDuties to the PublicDuties to Realtors.Therefore, the Option A is correct.
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In the early days of the game industry, nearly all games were developed by designers, for designers. More specifically, what age-range/gender were the designers, and for what age-range/gender were they designing the games for?
Answers
Based on historical perspective, the age range of the early game designers is between 40 to 60years old. Also, the gender for which the games were being designed is male.
History of Game Designs.The history of game designs can be traced to William Higinbotham, a Physicist who created the first video game in 1958 at the age of 48 years.
William Higinbotham created the first video game during the Brookhaven annual visitors day to lighten the exhibition show.
The video game he created was tennis, known as "Tennis for Two," and the men in attendance played it.
Hence, in this case, it is concluded that the game designers were men, and they are in the age range of 40 to 60 years.
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Dr. Montgomery recently graduated from medical school and his wife bought him an engraved stethoscope. The stethoscope cost $160. 0. The sales tax in his city is 8%. What is the total cost of the stethoscope in dollars and cents including sales tax?.
Answers
That's correct :)
how does credit utilization affect your credit score?
Answers
Oil refining is an example of:
Construction Production
Extractive Production
Domestic Production
Traditional Production
Answers
Answer:
Explanation: step by step
perfectly competitive market in long run equilibrium. if demand decreases, we can be certain that price will
Answers
Answer:
fall in the short run. all, some, or no firms will shut down, and some of them will exit the industry. price will then rise to reach the new long-run
joe, a hair dresser, offers students a discount price on haircuts. this form of pricing is an example of
Answers
Emily's grandmother bought her a treasury bond in 2020. When will it reach its maturity date?
Α.
2030
B.
2040
C.
2045
D
2050
Answers
Answer:
The correct answer is: D. 2050
Explanation:
Answer: 2050
Explanation: Treasury bonds are sold in $1,000 increments and have a 30-year maturity date.
Thus, 2020 + 30 years = 2050
a new machine with a purchase price of $109,000, with transportation costs of $12,000, installation costs of $5,000, and special acquisition fees of $6,000, would have a cost basis of:
Answers
Based on the information given the cost basis is $132,000.
Using this formula
Cost basis=Purchases price+ Transportation costs + Installation costs + Special acquisition fees
Where:
Purchases price=$109,000
Transportation costs=$12,000
Installation costs=$5,000
Special acquisition fees=$6,000
Let plug in the formula
Cost basis=$109,000+$12,000+$5,000+$6,000
Cost basis=$132,000
Inconclusion the cost basis is $132,000.
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at land rover, voluntary discussion groups of 4 to 12 employees met weekly to identify cost savings, improve product quality, and discuss work-related problems. although the teams were later phased out, their work was, in part, responsible for almost doubling production at land rover from 1993 to 1996.
Answers
Explanation:
you would have 5000
i hope i help you
One difficulty in using voluntary transactions to internalize externalities is that: _____________
a. the government usually will not enforce contracts of this type.
b. people are motivated by self-interest and are often unwilling to engage in a transaction that might make another person better off.
c. transaction costs of coming to an agreement can be very large when numerous people are involved.
d. people usually don't understand what the real opportunity costs are that they face.
Answers
Answer:
jesus
Explanation:
lol
The extended warranty on a $960 dishwasher is 21% of the purchase price and lasts for eight years. What is the effective cost per year of the extended warranty? a. $28. 80 b. $45. 20 c. $23. 78 d. $25. 20.
Answers
Answer:
holi eso la D con mucho trabajo por fin la realizar y la conteste
Quintín
Based on the percentage of the extended warranty and the number of years it is to last, the effective cost per year is d. $25.20
First find the total warranty coverage for the dishwasher:
= Warranty percentage x Cost of dishwasher
= 21% x 960
= $201.60
The effective cost per year is:
= Total warranty / Number of years
= 201.60 / 8 years
= $25.20
In conclusion, the cost is $25.20.
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which economic advantage does eastern europe enjoy because of its location next to russia?
Answers
According to the law governing mortgage loan brokers, what is the maximum commission Broker Claire can charge for securing a $50,000 first mortgage for a period of 2 years
Answers
The maximum commission that Broker Claire can charge for securing a $50,000 first mortgage is $2,500.
Basically, a broker is entitled to a commission as a compensation.
The law governing mortgage loan brokers states that the maximum commissions for loans of a period of 2 years is 5% of the principal of a loan of less than 3 years.
Since the broker secure a $50,000 first mortgage.
Commission = $50,000 * 5%
Commission = $2,500
In conclusion, the maximum commission that Broker Claire can charge for securing a $50,000 first mortgage is $2,500.
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Considering the rules and regulations, the maximum commission Broker Claire can charge for securing a $50,000 first mortgage for a period of 2 years is $700.00.
This is based on Article 7 of the Mortgage Loan Broker rule and regulation.
The Article 7 stated among the thing that for first loans, the maximum commissions is a 5 percent of the principal of a loan of less than 3 years.
However since there is also a caveat which says the charges made to a borrower cannot exceed 5% of the loan or $390.00, whichever is greater, to a maximum of $700.00.
Therefore, since 5 percent of $50,000 is $2,500, therefore, the maximum commission is $700.
Hence, in this case, it is concluded that the correct answer is $700.
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an example of contractionary fiscal policy would be:
Answers
Answer:
increasing taxes and lowering government spending.
Explanation:
When the government lowers taxes, consumers have more disposable income.
What must people taking out a mortgage agree to? Check all that apply. A loan amount plans for repairs an interest rate renovation ideas payment terms.
Answers
The things which people who are taking out a mortgage must agree to are:
A loan amount, Interest ratePayment termsAccording to the given question, we are asked to state the things which people who are taking out a mortgage must agree to and why they are essential for obtaining this loan.
As a result of this, we can see that when a person is taking out a mortgage loan, then he is expected to agee on the loan amount, the interest rate and the payment terms.
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Answer:
A loan amount,
Interest rate
Payment terms
Explanation:
Vanessa uses credit cards because she likes to earn airline miles and cash-back rewards. She always pays off her balances in full each month and never has to pay interest or any finance charges. What is Vanessa in this scenario?
A.
a cosigner
B.
a credit counselor
C.
a convenience user
D.
a borrower
Answers
Answer:
c. a convenience user
Explanation:
i took test
Answer: c. a convenience user
Explanation: