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gregori [183]
2 years ago
5

Activities included (and not included) in the calculation of GDP

Business
1 answer:
Dahasolnce [82]2 years ago
7 0

Answer:

Gross Domestic Product

Activities included and excluded:

1. The gross domestic product (GDP ) of the United States is defined as the monetary value of all finished goods and services in a given period of time.  The important thing to note here is that GDP is the market value of all final goods and services produced within a country in a given period of time.  This means that intermediate goods are not included.

2. Indication of Inclusion or Exclusion in 2018 GDP:

a) Calculo = excluded

b) Rotato = included

c) An accountant = excluded because of year, 2019

d) Fastline = included

e) Awake = included

Explanation:

1) The importation of the calculator into the United States does not form part of domestic production, and as such will be excluded.

2) Rotato's production on September 25, 2018 will be included, with an exclusive focus on whether the production of the set of tires increases GDP directly.

3) The accountant's work would have been included if it were done in 2018.

4) Fastlane's production will be included.

5) Awake's production will be included.

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Helga runs a website on which she sells houseplants. She also earns through pay-per-click advertising that allows search engines
DerKrebs [107]

Answer: a. Gardening gloves

b. Terracotta planters

c. Garden scissors

d. Watering cans

Explanation:

From the question, we are informed that Helga runs a website on which she sells houseplants and that she also earns through pay-per-click advertising that allows search engines to show targeted ads on her site.

All the products will be advertised on her website. The gardening gloves, terracotta planters, garden scissors and the watering cans are all materials that are required for plant growth to provide water and keep weeds away.

6 0
2 years ago
Farrel Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just compl
xz_007 [3.2K]

Answer:

Direct Labor 574,000 Manufacturing Overhead 163,000 Wages Payable 737,000

Explanation:

The journal entry is shown below:

Work in process A/c Dr $574,000

Manufacturing overhead A/c Dr $163,000

             To  Wages payable A/c $737,000

(Being direct and the indirect cost is recorded)

For recording this given transaction, we debited the work in process account and manufacturing overhead account and credited the wages payable with the total amount

8 0
2 years ago
Which of the following is NOT considered a descriptive analysis technique? a. Data fusion b. Data harmonization c. Neural networ
Julli [10]

Answer:

c. Neural networks

Explanation:

While other options are considered as descriptive analysis techniques, neural network is a type of inferential statistics.

While descriptive statistics only describes data by using a chart or graph, and inferential statistics assist in drawing inferences or making predictions from data.

A neural network refers to a series of algorithms which studies the types of relationships, either positive or negative, that exist between a set of data via process that copies method of operation of human brain. Neural network can assist in inferring the effect that a change a set of data A, independent variable, will have on the a set of data B, dependent variable.

The idea of neural network comes from artificial intelligence and it helps in generating the best results that is obtainable without changing the criteria of the output.

7 0
2 years ago
Read 2 more answers
Silver Corporation has provided the following information concerning its raw materials purchases. The budgeted cost of raw mater
kakasveta [241]

Answer:

$171,619.20

Explanation:

The computation of the budgeted accounts payable balance at the end of November is shown below:

= Budgeted cost of raw materials purchases in November × following month percentage

= $286,032 × 60%

= $171,619.20

As 40% is paid in the month of purchase whereas 60% is paid to the following month. So, we recognized 60%, not 40%

4 0
2 years ago
A. what will be the quantity demanded at $150 per game console? quantity demanded: game consoles
lys-0071 [83]

Answer:

The answer is 13500$.

Explanation:

a) at P = 150$, Qd = 80.

b) at P = 150, Qs = 20.

c) produce surplus = 1/2 x 20 x (150 -100)

                              = 500$.

d) at equilibrium, P = 250 $

= 1/2 x 60 x (550 -100)

= 13500$.

5 0
2 years ago
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