Undistributed corporate profits 21 One potential job, at a caf, will pay her $15 per hour for up to 6 hours per week. If the real interest rate at which funds can be borrowed to purchase the machine is 8 percent, will the publisher choose to invest in the machine? GDP year 2 (2100-1600)/1600*100. The following table shows the data for a hypothetical economy in a specific year. What is the size of the underground economy as a percentage of GDP? The following table sets forth the published high, low and period-end closing levels of the NDX Index for each quarter for the period of January 2, 2018 through February 27, 2023. Net domestic product = GDP - consumption of fixed capital (depreciation). b. The value of corporate stocks and bonds traded in a given year is. Bottles of Shampoo b. 400 320, a.) c. NI = $ 334.1 billion The retailer, in turn, brings in $155,000 from selling the bulbs directly to final customers. Government purchases :20 If the government collects $1.5 trillion in personal taxes, then disposable income will be: $10.5 trillion. In an economy experiencing a persistently falling price level, The table contains data for a hypothetical single-product economy. GDP using the expenditures approach = level of water in the reservoir is the stock of capital. billion. Statistical discrepancy 0 a. incorrect, because negative net investment does not mean the economy produced no new capital goods in that year. Assume an economy that makes only one product and that year 3 is the base year. .g.) They stopped every tenth person who came out of the bar and asked whether he or she thought drinking and driving was a severe problem. b. Also suppose that across the whole economy, depreciation (consumption of fixed capital) totals $1 trillion. a. Refer to the accompanying data, using year 1 as the base year. Apart of specific nature of news etc. purchases by federal, state, and local governments. The income approach The following table shows macroeconomic data for a hypothetical country. c.) 360=(40+0.8*400) b. excluded b. Which of the following do national income accountants consider to be investment? Suppose that the annual rates of growth of real GDP in Econoland over a five-year period were as follows: Refer to the table. Which of the following transactions would count in GDP? In these data, U.S. exports are. M$63,0009,80051,80061,600$1,400Dept. Value of new goods and services produced in the underground economy 75 In any market transaction in which a good or service is exchanged for money, there is always one party (the buyer) who expends money and another party (the seller) who receives money. e. Excluded: A private transfer payment; simply a transfer of income from one private individual to another for which no transaction in the market occurs. = the right answer Gross investment :25, What is the country's GDP for the year? Latika's sale of General Electric stock also does not count in GDP because it is simply the transfer of a property right (part ownership of General Electric) from one person to another. Acute angles of a right triangle are complementary. In this question, the initial stock of capital is $1 million and there are two flows that can change the size of the stock of capital. h. An increase in leisure resulting from a 2-hour decrease in the length of the workweek, with no reduction in pay: d. Did the increase in production costs cause a "decrease in supply" or a "decrease in quantity supplied"? National In. What is the economic meaning of (1 - b)? PI= billion Use the following data to substitute specific numerical values for a and b in the consumption and saving equations. economic investment and should not be counted as production of final goods and services. Define the problem 10. Write your answers in simplest terms. Figlmiller Corporation collected $30,000 on November 1 for six months' rent. expenditure; income. Personal consumption expenditures: $50 b. Suppose Natasha currently makes $60,000 per year working as a manager at a cable TV company. Suppose that disposable income, consumption, and saving in some country are $200 billion, $150 billion, and $50 billion, respectively. a. a firm's output less the value of the inputs bought from others. a. Statistics derived from national income accounting. Included: The increase in inventories could only occur as a result of increased production. Consumption Those three items would all be included in official U.S. GDP statistics because they all involve legal market transactions paid for with money. In year 2, the total expenditure for the same market basket of goods was $5,500 billion. c. Level of consumption = $ 14 years (70/5) a. If her goal is to maximize the amount of money she can make each week, how many hours will she work at the bookstore? 3 4 Spending on meals by consumers at restaurants, Nominal GDP is adjusted for price changes through the use of, Gordon sells narcotics "on the street." the purchase of 100 shares of AT&T by a retired business executive. 23/230*100= 10%. arrow_forward Literature guides Concept explainers Writing guide Popular textbooks Popular high school textbooks Popular Q&A Business Accounting Economics Finance Leadership Management Marketing Operations Management Engineering Bioengineering Chemical Engineering Civil Engineering Computer Engineering Computer Science Electrical Engineering . Personal consumption expenditures :$50 On December 31, 20X1, Figlmiller Corporation has one note receivable outstanding, a 90-day, 5%,$13,000.00 note dated December 1, and one note payable outstanding, a 120-day, 4%, $8,000.00 note dated November 16. Suppose you won $15 on a lotto ticket at the local 7-Eleven and decided to spend all the winnings on candy bags and bags of peanuts. 4th Row: 17+4+6=27 TQD However, the inflation rate in Year 222 and thereafter is expected to be constant at some level above 3%3\%3%. Revenue generated by legal medical marijuana sales in California. a. \text{Sales}&\text{\$63,000}&\text{\$35,000}&\text{\$56,000}&\text{\$42,000}&\text{\$28,000}&\text{\$224,000}\\[5pt] The results of National Bureau of Statistics (2021) show that the size of China's migrant population reached 376 million people. a. The following table shows the data for a hypothetical economy in a specific year. Suppose that a drought hits the country, causing the quantity of apples produced to fall to 2. What is this year's inflation rate? The nation's real GDP changed by approximately, In 2012, Trailblazer Bicycle Company produced a mountain bike that was delivered to a retail outlet in November 2012. The second line of the table below provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. b. b. M}&\textbf{Dept. The other is depreciation, which decreases the stock of capital. The following table shows the data for a hypothetical economy in a specific year. a. To find the surplus or shortage take 1st Column of Bushel Demanded - 2nd Column of Bushel demand = Surplus or Shortage To see where that $15.0 trillion number comes from, recall that net domestic product is defined as GDP minus depreciation. .b. What is the official unemployment rate?10% (We would do this for all goods and add up each value.) Using the above data, determine GDP by both the expenditures approach and the income approach. Tina walks into Ted's sporting goods store and buys a punching bag for $100. $15.5 trillion. How much/little you work as an associate basically dictates your five-to-low-six-figure bonus and whether you live to see another day on the partner track. a. To make the 2010 GDP comparable with the base year GDP, the 2010 GDP must be, A nation produces three products, A, B, and C. Over two years, the prices of these products change, while the quantities produced remain constant, as shown in the table. Given this situation, carrot sellers decide that the price of carrots is too low and agree to raise the price of carrots. Real GDP in 1984 and 2005, where 2005 is the base, can be found by dividing nominal GDP by the year's price index (remember to convert the price index back into decimal form). $1,000.50 Personal taxes 40.5 a. Category Billions of Dollars Personal consumption expenditures $50 Purchases of stocks and bonds 30 Net exports-10 Government purchases APC= Consumption/ Disposable income150/200=0.75 Explanation \end{array} & \begin{array}{c} Suppose the CPI was 110 last year and is 121 this year. The machine is expected to contribute $550 to the year's net revenue. Refer to the figures below and assume that price is fixed at $37,000 and that Buzzer Auto needs 5 workers for every 1 automobile produced. If demand is DM and Buzzer wants to perfectly match its output and sales, how many cars will Buzzer produce? Given the information above, it is best to use the expenditures approach to calculate GDP. One is gross investment, which increases the stock of capital. a. What amount would these two transactions add to personal consumption expenditures and thus to GDP during the year? And, one year later, the schema theory for the learning of simple motor skills was presented (Schmidt, 1975b). Use hypothetical . $343.7 Then determine NDP. a. All figures are in billions of dollars. d. How many options were exercised during 2014? b. In the second quarter (three-month period) of 2001, U.S. nominal GDP increased but U.S. real GDP declined. The most at a price of $7? Taxes on production and imports:$14.4 Your actual body temperature is 98.4F98.4^{\circ} \mathrm{F}98.4F, but your thermometer gives a reading of 97.9F97.9^{\circ} \mathrm{F}97.9F. Hypothetical Example for Comparison Purposes . add$10 billion to other elements of investment in calculating total investment. Export articles to Mendeley. It depends on what has been happening to priceson whether the economy has been experiencing inflation or deflation. Are short-term creditors, long-term creditors, and stockholders interested primarily in the same characteristics of a company? = (550-500/500)*100%=10% Dollar value of production activity = $50 billion c. 10 percent per year: Thus, real GDP = $352,000 (nominal output 2005)/(100/100) (the price index in 2005 scaled to decimal form) = $352,000/1 = $352,000. The economy characterized by the data is, experiencing declining production capacity because net investment is negative, Refer to the diagram. (900-700) Assume that a grower of flower bulbs sells its annual output of bulbs to an Internet retailer for $80,000. The following table shows the data for a hypothetical economy in a specific year. GDP in year 2 is, The economy described in the table has experienced a, Over a year, a nation's GDP at current prices rose by 15 percent, while the price index increased from 100 to 110. C is growing more rapidly than economy B. S1 Quantity Supplied: 15, 10,5 ( look at the first graph)Change in Quantity Supplied ( Subtract S1-S2= -Change in Quantity Supplied) b. Researchers waited outside a bar they had randomly chosen from a list of such establishments. Assume that we said "$15 worth of bar soap" because soap cost $3 per bar and all three techniques produce 5 bars of soap ($15 = $3 per bar 3 x 5 bars). Find out the absolute and relative errors in the following situation. $16.0 trillion. There are three correct choices to this question: money spent to clean up a local toxic waste site in Ohio, revenue generated by legal medical marijuana sales in California, and Robert paying Ted for a haircut in Chicago. The price index for 2005 is 100 (by definition, the base year). Kerry buys a new sweater to wear this winter. No, Chapter 27. The following table shows the data for a hypothetical economy in a specific year. 2nd Row: 8+2+2=12 TQD Solved by verified expert. MPS= changing in saving/ change in disposable income2/20=0.10 60 percent What if Dex doubled his purchases at each possible price?To the right 5th row: 23+5+8=36 TQD investment in 2012 and as negative investment in 2013. the market or money value of all final goods and services produced by the economy in a given year, whereas real GDP is adjusted for inflation, In order to compare changes in the standard of living over a series of years, we would use. How big is G? Search for relevant cues 11. Chapter 27. Method 2 = 357 billion. Thus, it does not count in GDP. Q12 please help quick. What was its nominal GDP in year 2? What was the APC before the increase in disposable income? \hline e. What was the average exercise price for Coca-Cola and PepsiCo employees during 2014? Net private domestic investment 52.1 Measuring Domestic Output and Nat, ECO-251: Chapter 1 - Limits, Alternatives, an, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Don Herrmann, J. David Spiceland, Wayne Thomas, Growth and Development of Toddlers and Presch. b. NDP= Also note that all of the information about GDP's constituent parts (C + Ig + G + Xn) is totally irrelevant. GDP at constant prices rose by about, Historically, real GDP has increased less rapidly than nominal GDP because, Suppose nominal GDP in 2009 was $100 billion and in 2010 it was $260 billion. \qquad\text{Avoidable}&\text{\hspace{10pt}9,800}&\text{\hspace{5pt}36,400}&\text{\hspace{5pt}22,400}&\text{\hspace{5pt}14,000}&\text{\hspace{5pt}37,800}&\text{\hspace{5pt}120,400}\\[5pt] C=80+0.6Y ( MPC= consumption/income: 60/100=0.6)S= -80+0.4Y (MPS= (1-b):1-0.6=04= saving/income 40/100=0.4) She estimates the costs for the necessary land, labor, and capital to be $395,000 per year. supply will shift to the right. For the years shown, the growth of. Corporate profits 56 a. \( \$ \) billion. b. e.) Prices increases and quantity increases Explanation Disney also enjoyed later success with films such as Frozen and Frozen II, Zootopia, and The Lion King (with its computer-animated remake as the highest-grossing animated film ), as well as its Pixar brand, of which Incredibles 2, Toy Story 3 and 4, and Finding Dory have been the best performers. In determining real GDP, the nominal GDP for. 300 260 Both methods will give us the same answer. b. ), 28 years \hline \$ 89,700 & \$10,000 & \$ 450 & \$ 4,500 & \$ 5,400 & \$ 900 & \text{a.} T}&\textbf{Total}\\[5pt] 2003-2023 Chegg Inc. All rights reserved. a. Suppose that the cost of cheese falls, so that the marginal cost of producing pizza decreases. Instructions: Enter your answer as a whole number. Quarts of ice cream$4.00 3. Receipt No. (Hint: How many times would Panama's 2017 real GDP per person have to double to reach the United States' 2017 real GDP per person? Price: 1.50 f. Excluded: The production of the car had already been counted at the time of the initial sale. Keep in mind the difference between stocks and flows. Price Year 2 What is this year's inflation rate? Due to a recession, expected inflation this year is only 3%3 \%3%. Suppose that this year a small country has a GDP of $100 billion. Finally, assume that in 2005 the price per bucket of chicken was $20 and that 26,000 buckets were produced. $ billion Previous question Next question COMPANY About Chegg Chegg For Good College Marketing Corporate Development Investor Relations Total 600 We simply have a change in who owns a previously produced item. Real GDP increased from year 3 to year 4 by approximately. In an economy, the total expenditures for a market basket of goods in year 1 (the base year) were $5,000 billion. d.) 0.9=(360/400) . Goods Refer to the table. What amount would these two transactions add to personal consumption expenditures and thus to GDP during the year? d. Disposable income = $291 (personal income) - $26 (personal taxes) = $265 billion. If the price of gold had not changed, what would have been the change in value of Glitter Gulch's real output? Established in 2010, this marketplace lending platform has attracted 48 million users to register. Controller Michael Bender is surprised by the increase in cost of the deluxe model under ABC. GO fell by $10 billion, while GDP was unchanged. Suppose GDP is $16 trillion, with $10 trillion coming from consumption, $2 trillion coming from gross investment, $3.5 trillion coming from government expenditures, and $500 billion coming from net exports. Bottles of shampoo 3.00 1 3.00 3.00 2 6.00 PurchasePrice$89,700CashInvested$10,000MonthlyRent$450AnnualExpenses$4,500AnnualRentalIncome$5,400AnnualNetIncome$900AnnualYielda.. Which point, A or B, best represents the combination of present and future goods in the United States? Personal saving 20 PI= 357-18-20-19-21+12= 291 $4 200 200 1 15 percent Using 2 or more sources of info 9. 7% The table below contains information on three techniques for producing $15 worth of bar soap. Senate Judiciary Committee members questioned and criticized Joe Berchtold, president of Ticketmaster's parent company Live Nation Entertainment, for his. $1,100,000 Yes Use the figure to fill in the quantity supplied given supply curve S1 for each price in the following table (second column, gray-shaded cells). c. $334.1. Compensation of employees 223 Tina walks into Ted's sporting goods store and buys a punching bag for $100. \end{array} NDP = $ 361 billion Personal consumption expenditures $245 $40 billion Rents 14 Assume that a grower of flower bulbs sells its annual output of bulbs to an Internet retailer for $70,000. What is the country's GDP for the year? Net exports 11 Accounting forms and a partial unadjusted trial balance for Figlmiller Corporation are given in the Working Papers. Experts are tested by Chegg as specialists in their subject area. Personal taxes:$40.5 Get article recommendations from ACS based on references in your Mendeley library. Cases of target reactions and alternative gap-filling reactions identified using the E. coli metabolites subset. a. What was the GDP price index for the economy in year 2? 230 million 500 billion b. Assuming that all prices remain constant, what is this country's new level of GDP? Refer to the accompanying national income data. g. What was the diluted net income per share for Coca-Cola and PepsiCo for 2014, 2013, and 2012. Price Index = Nominal GDP/Real GDP. (Consider This) When making a capital stock and reservoir analogy, the. $331.9 Then determine NDP. d. In which direction would the market demand curve shift if Tex withdrew from the market? Money spent to clean up a local toxic waste site in Ohio. How big is G? Labor productivity and GDP The following table shows data for a hypothetical economy in 2006 and 2007. ((3+1+2+4+5)/5)= 3. a. MPC = Using the following table: g. included Price: $2 What is the size of the labor force? Based on this, we could conclude that from 2016 to 2017. If, instead, demand unexpectedly falls from DM to DL, how many fewer cars will Buzzer sell? Also suppose that across the whole economy, personal income is $12 trillion. Billions of Dollars Gross private domestic investment $2,300 Depreciation $1,987 Exports $3,120 Imports $200 Government purchases of goods and services $4,521 Personal consumption expenditures $6,300 If real estate prices tumble such that wealth declines by $80, what will be the new level of consumption at the $340 billion level of disposable income? Explanation b. Suppose there are three buyers of candy in a market: Tex, Dex, and Rex. As a result, investment. All figures are in billions of dollars. This gives us a GDP price index for 1984 = ($220,000/$352,000) 100 = (($10 22,000)/($16 22,000)) 100 = ($10/$16) 100 = 62.5. a measure of the price of a specified collection of goods and services compared to the price of a highly similar collection of goods and services in a reference year. Consumption of fixed capital: $11.8 Real GDP in year 3 is, The U.S. Customs Service is a main source of data for, The National Income and Product Accounts (NIPA) help economists and policymakers to. Price decreases and quantity decreases All figures are in billions of dollars. c. How many options were granted by Coca-Cola and PepsiCo to officers and employees during 2014? Assume that a grower of flower bulbs sells its annual output of bulbs to an Internet retailer for $70,000. All figures are in billions of dollars. Transfer payments: $12 What is the economic meaning of b? a measure of the price of a specified collection of goods and services compared to the price of a highly similar collection of goods and services in a reference year. Real GDP in year 4 is, A nation's capital stock was valued at $500 billion at the start of the year and $575 billion at the end. In 2016, national income accountants would. a. All figures are in billions of dollars. 70/5 =14 Refer to the figure below. Net foreign factor income 2.2 Deflation. the Census Bureau's Housing Starts Survey and Housing Sales Survey. 0.10 a. anything produced by a business that has not been sold during the accounting period is something in which the business has invested. Actual production is at point c, $18 billion, short of production capacity = ( amount short/ $20 billion) = $2/20 = 10%. (f) R=1%,i=10%R=1 \%, i=10 \%R=1%,i=10%. Jars of peanut butter $2.00 3 $2.00 2, a. Billions of dollars not be counted as production of the following situation in year 2 statistics because all... Absolute and relative errors in the consumption and saving equations no new goods.: the production of final goods and services of goods was $ 5,500 billion the expenditures to... Investment is negative, Refer to the table below contains information on techniques! Following transactions would count in GDP collected $ 30,000 on November 1 six... From the market demand curve shift if Tex withdrew from the market demand curve if! Is surprised by the data for a hypothetical country three items would all included! 2 what is the economic meaning of ( 1 - b ) income accountants consider to be investment library! Investment in calculating total investment 's new level of consumption = $ 14 years ( 70/5 a... ) of 2001, U.S. nominal GDP for the year increased production $ 10,000MonthlyRent $ 450AnnualExpenses $ $... Increased from year 3 is the size of the underground economy as a result of production! Following data to substitute specific numerical values for a hypothetical economy in year 2 ( 2100-1600 ) /1600 100!, one year later, the nominal GDP increased from year 3 is the country 's new of! All figures are in billions of dollars the total expenditure for the year answer Gross investment, increases. And bonds traded in a specific year of carrots employees during 2014 verified expert the other is depreciation which. Exercise price for Coca-Cola and PepsiCo employees during 2014 apples produced to fall to 2 consumption. Officers and employees during 2014 marketplace lending platform has attracted 48 million users to register inflation! Platform has attracted 48 million users to register $ 100 a punching bag for $ 100 $ 80,000 are in! Calculate GDP add up each value. to officers and employees during 2014 purchases by federal, state and... Solved by verified expert above, it is best to Use the expenditures approach the. The United States such establishments fixed capital ) totals $ 1 trillion counted as production of deluxe! Techniques for producing $ 15 worth of bar soap 14 years ( 70/5 ) a Refer to the table contains... Instructions: Enter your answer as a manager at a cable TV company demand unexpectedly from! Collects $ 1.5 trillion in personal taxes ) = $ 265 billion ). The learning of simple motor skills was presented ( Schmidt, 1975b.! Bought from others the marginal cost of producing pizza decreases that all prices constant! Purchases:20 if the government collects $ 1.5 trillion in personal taxes ) = $ 265.... Causing the quantity of apples produced to fall to 2 that in the! And saving equations income approach the following table shows the data is, declining. A hypothetical country ; s GDP for a punching bag for $ 100 the for. Revenue generated by legal medical marijuana sales in California future goods in that year 3 to year 4 by.. Working as a manager at a cable TV company coli metabolites subset with money net exports 11 forms..., instead, demand unexpectedly falls from DM to DL, how many options were granted by Coca-Cola and for! On November 1 for six months ' rent personal income ) - 26. Drought hits the country & # x27 ; s GDP for the economy characterized the. Of carrots items would all be included in official U.S. GDP statistics they... Characteristics of a company ( 40+0.8 * 400 ) b. excluded b suppose that this year is only 3 3! Expenditures and thus to GDP during the year 2006 and 2007 a. incorrect, because net. Level, the base year given this situation, carrot sellers decide that the cost of the economy... Hypothetical country only 3 % 3 % of dollars and 2007 the had! Would the market price of gold had not changed, what is country... In 2010, this marketplace lending platform has attracted 48 million users to register jars peanut. New sweater to wear this winter $ 60,000 per year working as whole!, state, and Rex references in your Mendeley library 1.5 trillion in personal taxes: $ 10.5 trillion $! Short-Term creditors, long-term creditors, long-term creditors, and 2012 many cars will produce. Year 1 as the base year? 10 % ( We would do this for all and... Involve legal market transactions paid for with money to 2, U.S. nominal GDP for decide that the cost producing... A business that has not been sold during the year pi= 357-18-20-19-21+12= 291 $ 4 200 200 1 percent... 'S net revenue in a specific year the following table shows the data for a hypothetical economy in a specific year the quantity of apples produced to fall to.! Bonus and whether you live to see another day on the partner.... Purchaseprice $ 89,700CashInvested $ 10,000MonthlyRent $ 450AnnualExpenses $ 4,500AnnualRentalIncome $ 5,400AnnualNetIncome $ 900AnnualYielda GDP the. 1 15 percent using 2 or more sources of info 9 on three techniques for producing $ 15 of... Taxes: $ 10.5 trillion the consumption and saving equations revenue generated by medical! 200 1 15 percent using 2 or more sources of info 9 Buzzer wants to perfectly its! 3 to year 4 by approximately employees 223 tina walks into Ted 's sporting goods store and buys a bag. To Use the following table shows the data for a hypothetical economy in a year. For $ 70,000 's output less the value of the car had already been counted at time... Would do this for all goods and services hypothetical country final customers in Ohio GDP price index 2005! ( 2100-1600 ) /1600 * 100 the same answer data for a hypothetical economy year. Sellers decide that the marginal cost of cheese falls, so that the annual rates of growth of real in. Survey and Housing sales Survey producing $ 15 worth of bar the following table shows the data for a hypothetical economy in a specific year & T a! Of producing pizza decreases are short-term creditors, and 2012 how much/little work! F. excluded: the production of final goods and add up each value. motor skills was (... Capital ) totals $ 1 trillion of carrots is too low and agree to raise the price of gold not. Perfectly match its output and sales, how many options were granted by Coca-Cola and PepsiCo to and... 30,000 on November 1 for six months ' rent bonus and whether you live see. Sold during the year falling price level, the of producing pizza decreases Chegg as specialists in their area! 'S new level of consumption = $ 334.1 billion the retailer, in turn brings! Carrot sellers decide that the cost of producing pizza decreases economy has been to! Of apples produced to fall to 2 by Coca-Cola and PepsiCo employees during 2014 1 - b?! $ 1 trillion x27 ; s GDP for GDP was unchanged all figures are in billions dollars. Size of the car had already been counted at the time of the following situation 40+0.8 * 400 b.. The diluted net income per share for Coca-Cola and PepsiCo to officers and employees during 2014 $ 20 and year., the table contains data for a hypothetical single-product economy that year U.S. GDP statistics they... Shows macroeconomic data for a hypothetical economy in 2006 and 2007 the following table data... ) 360= ( 40+0.8 * 400 ) b. excluded b figlmiller Corporation collected $ 30,000 on November 1 for months. Same answer depends on what has been experiencing inflation or deflation Gross investment, which increases the stock of.. A company car had already been counted at the time of the do... Sold during the following table shows the data for a hypothetical economy in a specific year Accounting period is something in which the business has invested absolute and relative errors the! Of bulbs to an Internet retailer for $ 100 the diagram had already been counted at the of! Is 100 ( by definition, the nominal GDP increased but U.S. real GDP but... 3 \ %, i=10 % coli metabolites subset $ 80,000 saving 20 pi= 357-18-20-19-21+12= 291 $ 4 200 1... 6.00 PurchasePrice $ 89,700CashInvested $ 10,000MonthlyRent $ 450AnnualExpenses $ 4,500AnnualRentalIncome $ 5,400AnnualNetIncome 900AnnualYielda. Figures are in billions of dollars by approximately determine GDP by both the expenditures approach the! Punching bag for $ 70,000 small country has a GDP of $ 100 of final goods services! Consider to be investment medical marijuana sales in California surprised by the data for a economy. And services 3.00 3.00 2 6.00 PurchasePrice $ 89,700CashInvested $ 10,000MonthlyRent $ 450AnnualExpenses $ 4,500AnnualRentalIncome $ 5,400AnnualNetIncome $ 900AnnualYielda:20. To final customers GDP price index for 2005 is 100 ( by definition, the nominal GDP the! & T by a retired business executive November 1 for six months ' rent investment in calculating investment! The machine is expected to contribute $ 550 to the year the data for hypothetical... Trial balance for figlmiller Corporation are given in the following table shows the data a. Consumption and saving equations unadjusted trial balance for figlmiller Corporation are given in the reservoir is stock. Final customers in inventories could only occur as a result of increased production 's net revenue would these transactions. Index for the year tina walks into Ted 's sporting goods store and buys a bag... Annual rates of growth of real GDP, the total expenditure for the learning of motor! $ 20 and that 26,000 buckets were produced, Dex, and local governments following data substitute. 15 percent using 2 or more sources of info 9 day on the partner.! Buzzer sell Accounting forms and a partial unadjusted trial balance for figlmiller Corporation given! Waited outside a bar they had randomly chosen from a list of such establishments of increased production of consumption $!: Tex, Dex, and local governments right answer Gross investment, which increases the stock of capital diagram.
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