Homework Answers
a) "A"
all of the goods and services mentioned here will be part of the GDP in the same year.
b) "A"
US GDP will include the goods and services produced in the US during a particular period .
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2 points 31. Which of the following items would be included in GDP in 2008?I. Payment...
Under AASB 121 The Effects of Changes in Foreign Exchange Rates, an entity must disclose which of the following items in...
Under AASB 121 The Effects of Changes in Foreign Exchange Rates, an entity must disclose which of the following items in particular? I. The amount of exchange differences included in profit or loss of the period. II. The amount of the exchange difference included directly in share capital during the period. III. Whether a change in the functional currency has occurred. IV. The reason for using a presentation currency that is different from the functional currency. I and IV only....
2. Activities included (and not included) in the calculation ofGDP The gross domestic product (GDP) of...
2. Activities included (and not included) in the calculation ofGDP The gross domestic product (GDP) of the United States is defined as the all in a given period of time. Based on this definition, indicate which of the following transactions will be included in (that is, directly increase) the GDP of the United States in 2020. 2020 GDP Included Excluded Scenario Sofaland, a Swedish furniture company, produces a table at a plant in Virginia on December 5, 2020. It sells...
ECON 250 30. Which of the following is NOT included in U.S. GDP? the estimated rental...
ECON 250 30. Which of the following is NOT included in U.S. GDP? the estimated rental value of owner-occupied housing in the U.S.A. b.US. home grown garden for family consumption c. production of foreign citizens living in the United States d services such as those provided by American lawyers and America hair stylists working in the USA 31. One bag of flour is sold for $2.50 to a bakery, which uses the flour to bake bread. Five loafs of bread...
Which of the following would be included in the Lease Receivable account? I. Guaranteed residual value. II. Unguaranteed...
Which of the following would be included in the Lease Receivable account? I. Guaranteed residual value. II. Unguaranteed residual value. III. Executory costs IV. Rental payments. Select one: a. I, II and IV b. II, III, and IV c. I and II only d. I and III only
if anyone could help with these it would mean the world! just study guide questions! please...
if anyone could help with these it would mean the world! just
study guide questions! please number answers in order pictures are
sent would help so much thank you!
Gross domestic product is defined as Select one: 0 a. the quantity of all final goods and services demanded with a country in a given period of time. O b. the quantity of all final goods and services supplied within a country in a given period of time. O c. the...
Which of the following is the best definition of Gross Domestic Product (GDP)? The market value...
Which of the following is the best definition of Gross Domestic Product (GDP)? The market value of all final goods and services produced during a given year. The market value of all final goods and services sold during a given year. The cost of producing all final goods and services sold during a given year. The cost of producing all final goods and services produced during a given year. The consumer price index changes from 122.9 to 136.0. By how...
1. 2. 3. 4. a. When referring to GDP, which of the following is included in...
1. 2. 3. 4.
a. When referring to GDP, which of the following is included in GDP? Money spent on services by households (haircuts, meals at restaurants, lawyer, etc.) New cars that are purchased this year, but produced last year. Social Security payments. Goods that were produced by U.S. citizens abroad. b. Which of the following transactions is not included in GDP? Sean purchases coffee produced in Guatemala. Thomas pays to have his taxes done by a national accounting company...
11. In which of the following conditions is the inflation rate likely to fall and the...
11. In which of the following conditions is the inflation rate likely to fall and the unemployment rate likely to rise? A) boom B) stagflation C) hyperinflation D) recession 12. Human capital is A) the money people have. B) the machines people own. C) the mental or physical skills people have. D) the property people own. 13. Gross domestic product is a measure of the total value of all A) sales in an economy over a period of time. B)...
Which of the following is NOT true about gross domestic product (GDP)? a. It includes only...
Which of the following is NOT true about gross domestic product (GDP)? a. It includes only final goods and services. b. The values are measured in current dollars c. Intermediate goods and services are excluded to prevent double counting. d. It includes the value of transfer payments. The gross domestic product (GDP) excludes: a. the value of intermediate goods produced. b. the spending by government on new roads and bridges. c. household spending on goods and services. d. the increase...
Q1 Which of the following are included and which are excluded in calculating this year's GDP....
Q1 Which of the following are included and which are excluded in calculating this year's GDP. Explain in each instance. a. A monthly scholarship cheque received by an economics student b. The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. An increase in business inventories e. Tim Horton's purchases a corner grocery store f. Fearless Qweenie Kong, a stuntwoman, purchases a life insurance policy for a billion dollars ($) g....
2. Activities included (and not included) in the calculation ofGDP The gross domestic product (GDP) of the United States is defined as the all in a given period of time. Based on this definition, indicate which of the following transactions will be included in (that is, directly increase) the GDP of the United States in 2020. 2020 GDP Included Excluded Scenario Sofaland, a Swedish furniture company, produces a table at a plant in Virginia on December 5, 2020. It sells...
ECON 250 30. Which of the following is NOT included in U.S. GDP? the estimated rental value of owner-occupied housing in the U.S.A. b.US. home grown garden for family consumption c. production of foreign citizens living in the United States d services such as those provided by American lawyers and America hair stylists working in the USA 31. One bag of flour is sold for $2.50 to a bakery, which uses the flour to bake bread. Five loafs of bread...
if anyone could help with these it would mean the world! just
study guide questions! please number answers in order pictures are
sent would help so much thank you!
Gross domestic product is defined as Select one: 0 a. the quantity of all final goods and services demanded with a country in a given period of time. O b. the quantity of all final goods and services supplied within a country in a given period of time. O c. the...
Which of the following is the best definition of Gross Domestic Product (GDP)? The market value of all final goods and services produced during a given year. The market value of all final goods and services sold during a given year. The cost of producing all final goods and services sold during a given year. The cost of producing all final goods and services produced during a given year. The consumer price index changes from 122.9 to 136.0. By how...
1. 2. 3. 4.
a. When referring to GDP, which of the following is included in GDP? Money spent on services by households (haircuts, meals at restaurants, lawyer, etc.) New cars that are purchased this year, but produced last year. Social Security payments. Goods that were produced by U.S. citizens abroad. b. Which of the following transactions is not included in GDP? Sean purchases coffee produced in Guatemala. Thomas pays to have his taxes done by a national accounting company...
11. In which of the following conditions is the inflation rate likely to fall and the unemployment rate likely to rise? A) boom B) stagflation C) hyperinflation D) recession 12. Human capital is A) the money people have. B) the machines people own. C) the mental or physical skills people have. D) the property people own. 13. Gross domestic product is a measure of the total value of all A) sales in an economy over a period of time. B)...
Q1 Which of the following are included and which are excluded in calculating this year's GDP. Explain in each instance. a. A monthly scholarship cheque received by an economics student b. The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. An increase in business inventories e. Tim Horton's purchases a corner grocery store f. Fearless Qweenie Kong, a stuntwoman, purchases a life insurance policy for a billion dollars ($) g....
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