GNP accounts avoid double counting by including only the value of final goods services sold on the market. Should the measure of imports used in the GNP accounts therefore be defined to include only imports of final goods & services

100,238 results

Economics

GNP accounts avoid double counting by including only the value of final goods services sold on the market. Should the measure of imports used in the GNP accounts therefore be defined to include only imports of final goods & services from abroad? What about exports?

Economics

five final goods and services that are not included on the GNP GNP is the sum of the market value of all final goods and services produced in a country over one year. So, to be excluded from GNP, the good or service a) generally cannot have a "market value", and b) is not one ...

Economics

Only final goods and services are included in the calculation of GDP: because only final goods and services have measurable value to make GDP simpler to determine because final goods and services are taxed while intermediate goods and services are not to avoid double counting ...

science

The market value in current dollars of all goods and services produced within a country for final use during a year is the a. gross national product. b. gross world product. c. per capital GNP. d. per capita GDP. e. gross domestic product. Developed countries a. are highly ...

GNP

What is the GNP of Scotland Please, cant seem to find anywhere!!

Finance

. Pretty Lady Cosmetic Products has an average production process time of forty days. Finished goods are kept on hand for an average of fifteen days before they are sold. Accounts receivable are outstanding an average of 35 days, and the firm receives forty-days of credit on ...

Macroeconomics - GDP

Please check my answers to see if they are correct, if not, can you please fix them! Thank you. American citizens buy something made from an American company in Japan who uses all Japanese labour and machines. Would the following increase, decrease or unaffected? Explain. a) ...

Accounting

Given the following information for the fiscal year ended June 30, 2001: Product sales: 28,189,612 Service sales: 11,688,793 Cost of goods sold- products: 10,633,956 Cost of goods sold- services: 5,869,106 Operating expense: 14,904,460 Pre-tax operating income: 8,470,883 ...

accounting

Please let me know if I'm right!! I made the following errors in counting its year-end physical inventories: 2001 $ 60 overstatement 2002 $108 understatement 2003 $90 overstatement t I'm thinking the entry to correct the accounts at the end of 2003 is Retained Earnings $48 ...

Social Studies

Hi, I need help on a test. One of the questions I need help on is: "Gross Domestic Product, or GDP, is best defined as-- A. Money paid to the government in taxes to support public goods and services, B. The value of all goods and services produced within domestic borders, C. ...

Finance

Calculate the accounts receivable period, accounts payable period, inventory period, and cash conversion cycle for the following firm: Income statement data: Sales 5,000 Cost of goods sold 4,200 Balance Sheet Data: Beginning of Year End of Year Inventory 500 600 Accounts ...

accounting/help please

The two accounts used to adjust the uncollectible accounts are. A) Uncollectible Accounts Expense and Allowance for Uncollectible Accounts. B) Accounts Receivable and Uncollectible Accounts Expense. C)Accounts Receivable and Allowance for Uncollectible Accounts . D)Accounts ...

account/check please

The two accounts used to adjust the uncollectible accounts are. A) Uncollectible Accounts Expense and Allowance for Uncollectible Accounts. B) Accounts Receivable and Uncollectible Accounts Expense. C)Accounts Receivable and Allowance for Uncollectible Accounts D)Accounts ...

account/check please

The two accounts used to adjust the uncollectible accounts are. A) Uncollectible Accounts Expense and Allowance for Uncollectible Accounts. B) Accounts Receivable and Uncollectible Accounts Expense. C)Accounts Receivable and Allowance for Uncollectible Accounts D)Accounts ...

maths

Given that a line passes through the point , and that the line is perpendicular to the line Determine the equation of the line If sin(20-30)-cos(30-40) then the value of is 0 In a class of 40 boys, 18 passed Business Mathematics, 19 passed Accounts, 10 passed Economics, 6 ...

Economics

How does the expenditure approach calculate GDP? ____________________________________ A. It adds up all the incomes in the economy.***** B. It adds up the value of four groups of final goods and services. C. It adds up the value of business goods and services. D. It adds up ...

maths

Questions Given that a line passes through the point , and that the line is perpendicular to the line Determine the equation of the line If then the value of is In a class of 40 boys, 18 passed Business Mathematics, 19 passed Accounts, 10 passed Economics, 6 passed Accounts ...

economics

How does the expenditure approach calculate GDP? A. It adds up all the incomes in the economy. B. It adds up the value of four groups of final goods and services. C. It adds up the value of business goods and services. D. It adds up the value of consumer goods and services.

accounts

I need help in a project on 'accounting process' . It should begin with a storyline in which a buisness have to be chosen(i have chosen a tyres dealer). Then transactions taking place between 1 april 2013 to 30 june 2013(accounting period is 3 months). It should include 40 ...

Free Market Enterprise

This economy focuses on Competition. What goods and services should be produced? Electronic gadgets, Clothing, accessories, perfumes, vehicles, Spa treatment, Cellphone, toothpaste, chocolate milk. How should these goods and services be produced? Factories, Machines, labour, ...

accounting

The two accounts used to adjust the uncollectible accounts are. A) Uncollectible Accounts Expense and Allowance for Uncollectible Accounts. B) Accounts Receivable and Uncollectible Accounts Expense. C)Accounts Receivable and Allowance for Uncollectible Accounts D)Accounts ...

Business Math

The balance sheet of Karim Imports lists the following account balances: cash $6,450; supplies $1,200; accounts receivable $15,360;office equipment $8,500; merchandise inventory $28,775; current assets $65,800; accounts payable $12,650; mortgage payable $45,380; currentl ...

Social Studies

1) How does money differ from barter? A: Money is mostly important as a way to get goods and services B: Money is used to exchange goods and services C: Money has value only because people agree that it does **** D: Money has been used for thousands of years.

Social Studies

1) How does money differ from barter? A: Money is mostly important as a way to get goods and services B: Money is used to exchange goods and services C: Money has value only because people agree that it does **** D: Money has been used for thousands of years.

accounting please help!

I have most of them done but would like to have these ones double checked... Please Help!!! 2. The balance sheet format that lists assets above liabilities is the _______ form. A. alphabetical B. liquidity C. account D. report I said B 13. Nick Company reports the following ...

Economics

You should start a new post instead of adding on to an existing post. That said, I would go with A Which of the following statements is true?? A) The value of a good may change over time. B)A highly valued good is always more expensive than a lesser valued good. C)Highly ...

Econ

Total value of all assets in US YEAR ...total value of all final services in US ...total value of all final goods in US ...final goods and services produced by American firms in other countries ^ If I knew everything above, how would I calculate the GDP for the given year?

Economics

How does the expenditure approach calculate GDP? ____________________________________ A. It adds up all the incomes in the economy. B. It adds up the value of four groups of final goods and services. C. It adds up the value of business goods and services. D. It adds up the ...

Social Studies

What two types of money are commonly used in the U.S today? silver and gold coins and paper currency*** weighted and weighted coins goods and services How is money used as a store of value? People use money to buy productive resources to make goods and services People agree ...

Economics

As a unit of account, money provides _____________. a manner of preserving wealth into the future intrinsic value a double coincidence of wants a standard way to measure value of goods and services

Please help w/Math

A survey of the opinions of 12 leading Economists in a certain country showed that, because oil prices were expected to drop in that country over the next 12 months, 10 had lowered their estimate of the consumer inflation rate, 10 had raised their estimate of the gross ...

accounting

After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $673,400, and Allowance for Doubtful Accounts has a balance of $11,900. Describe how the accounts receivable and the allowance for doubtful accounts are reported on ...

accounting II

A company has $314,000 in credit sales. The company uses the allowance method to account for uncollectible accounts. The allowance for doubtful accounts now has a $1,890 debit balance. If the company estimates that $8,160 of accounts will be uncollectible based on an aging of ...

acct ii

A company has $314,000 in credit sales. The company uses the allowance method to account for uncollectible accounts. The allowance for doubtful accounts now has a $1,890 debit balance. If the company estimates that $8,160 of accounts will be uncollectible based on an aging of ...

econ

National Accounting (the value of GDP should be the same all along the exercice) Say that PmQ = 20 (market value of domestic production), J = 5 (imports), FC = 8.5 (total final consumption), IC = 4 (intermediate consumption), IT = 4 (total investment), Δinventories = 2.5...

Civics

Which best describes how the money that individuals have in savings accounts affects the economy? 1. The money in savings accounts is used for daily expenses like food and gas which keep the economy going. 2. The money in savings accounts just sits in the bank and does not ...

social studies

How is money used as a store value? A. People use money to buy productive resources to make goods and services. B. People agree that money has value to purchase needed goods and services. C. People compare the value of different goods and services by their cost in money.*** D...

Civics

Which best describes how the money that individuals have in savings accounts affects the economy? A. The money in savings accounts is used for daily expenses like food and gas which keep the economy going. B. The money in savings accounts just sits in the bank and does not ...

acc225

Indicate whether a debit or credit decreases the normal balance of each of the following accounts: a. Office Supplies e. Salaries Expense i. Interest Revenue b. Repair Services Revenue f. Owner Capital j. Owner Withdrawals c. Interest Payable g. Prepaid Insurance k. Unearned ...

math

in a class of 40 boys 18 passed business mathematics, 19 passed accounts, 10 passed economics, 6 passed accounts only, 5 passed business mathematics and accounts only, 2 passed accounts and economics only. how many passed in all three papers

Maths

In a class of 40 boys, 18 passed Business Mathematics, 19 passed Accounts, 10 passed Economics, 6 passed Accounts only, 5 passed Business Mathematics and Accounts only, 2 Passed Accounts and Economics only. How many passed in all three papers.

Maths

in a class of 40 boys 18 passed business mathematics, 19 passed accounts, 10 passed economics, 6 passed accounts only, 5 passed business mathematics and accounts only, 2 passed accounts and economics only. how many passed in all three papers

math

3. In a class of 40 boys, 18 passed Business Mathematics, 19 passed Accounts, 10 passed Economics, 6 passed Accounts only, 5 passed Business Mathematics and Accounts only, 2 Passed Accounts and Economics only. How many passed in all three papers.

Civics

Which best describes how the money that individuals have in savings accounts affects the economy? A. The money in savings accounts is used for daily expenses like food and gas which keep the economy going. B. The money in savings accounts just sits in the bank and does not ...

math

In a class of 40 students 18 passed economics 19 passed accounts 16 passed economics 6 passed mathematics only 9 passed accounts only 5 passed mathematics and accounts only 2 passed accounts and economics only. How many failed in all the papers? How many failed in economics? ...

Macroeconomics

Can someone check this for me? 1. Where in the US National Income and Product Accounts and the circular flow of expenditure and income do new home sales appear? ANSWER: I said they appear with money going from the households to the goods and services market. 2. How does a fall...

fsu

The individual amounts in the Accounts Receivable Debit column of a sales journal should be posted to the accounts receivable subsidiary ledger, and the column total should be posted to the Accounts Receivable account in the general ledger.is it true or false?

math investment

8. (TCO A)  You can tax shelter only one-half of your retirement savings. You want to invest one-half of your savings in bonds and one-half in stocks. How much of the bonds and how much of the stocks should you allocate to the tax sheltered investment? (Points : 5...

Economics

Which of the following is a summary of the three key economic questions? A. Who will buy which goods and services,and how much will they pay? B. How, when, and from whom should consumers get what they want? C. When, where, and by whom should goods and services be produced? D. ...

eco

Most countries, including the United States, import substantial amounts of goods and services from other countries. Yet there's also saying that a nation can enjoy a high standard of living only if it can produce a large quantity of goods and services itself. How can you ...

math 2nd part

Right! :-) This year they have eight technicians on staff and each technician is fully saturated with accounts. a.How many accounts does the company support at this time? You stated that each technician has 5 accounts. This year there are 8 technicians. How many accounts do ...

economics

Given the following exports of merchandise 107 exports of services 34 net unilateral transfers 7 statistical discrepancy 0 official settlements balance 22 imports of services 22 capital inflow 6 imports of merchandise 119 capital outflow 29 Calculate the balance on merchandise...

Accounting

On Dec 31, 2007, before adjusting entries, the blances of selected accounts for the company were as follows: Accounts receivable 840,000 Allowance for uncollectable accounts (debit balance) 2,000 dr. The company has determined that historically about 2.0 percent of accounts ...

Math

Information from a survey on 175 persons about the goods, services and prices of a supermarket is as follows: 110 persons complained about the prices 67 persons complained about the services 55 persons complained about the goods 20 persons complained about goods and prices ...

Economics

Compensation of employees $194.2 US exports of goods and services 17.8 Consumption of fixed capital (depreciation) 11.8 Government purchases 59.4 Taxes on production and imports 14.4 Gross private domestic investment 63.9 Transfer payments 13.9 US imports of goods and services...

SS

A producer's primary job is: a) making goods and providing services. b) trading goods and services c) selling goods and services d) buying goods and services Is it c?

economic

1)If the transactions approach to measuring money is used, then the money supply consists of a. transaction deposits only. b. currency, checkable and debitable deposits, and traveler's checks. c. currency and transaction deposits only. d. currency only. 2)Transaction deposits ...

Finance

Suppose you have two bank accounts, one called Account A and another Account B. Account A will be worth $6,500.00 in one year. Account B will be worth $12,600.00 in two years. Both accounts earn 6% interest. What is the present value of each of these accounts?

Economics

The circular flow of economic activity can be summed up as: A. households earn money by selling their factors of production to firms in the factor market and use that money to buy goods and services from firms in the product market. B. firms earn money by selling their factors...

statistics

an auditor wishes to test the assumption that the mean value of all accounts receivable in a given firm is $260.00 she will reject this claim only if it is clearly contradicted by the sample mean. the sample standard deviation of 36 accounts is $43, the sample mean is $250, ...

accounting

Indicate whether each of the followings accounts normally has a debit balance or a or a credit balance 1.Mary Amos,Capital 2.Cash 3.Fees income 4.Accounts Payable 5.Supplies 6.Salaries Expense 7.Accounts Receivable 8.Equipment

ACCOUNTING !!

IN 2008, Variman, Incorportated had Gross Accounts receivable of $2,366,420 and management estimated the Allowance for Doubtful accounts to be $243,520. Compute the ratio of Allowance of Doubtful accounts to Net Accounts receivable for Variman, Inc. for 2008 (that is, compute ...

accounting help

IN 2008, Variman, Incorportated had Gross Accounts receivable of $2,366,420 and management estimated the Allowance for Doubtful accounts to be $243,520. Compute the ratio of Allowance of Doubtful accounts to Net Accounts receivable for Variman, Inc. for 2008 (that is, compute ...

Civics

In what way do mixed and market economies support the ideals of democracy? A. Mixed and market economies elect a few farmers and local leaders to choose which goods and services to produce. B. Mixed and market economies do not produce more goods or services than what people ...

Command Economies

All I kind of know is that, the government controls the Command economies, they direct people on what to produce and what not. In the command economy what goods and services should be produced? I didn't really understand this, so I wrote down...Shoes, medicine, Food, Internet...

math for 1st part (a)

Part (a) 1.If the ratio of accounts-to-support technicians is 5:1, how many accounts are supported by each technician? 2.If there are currently 8 technicians on staff, how many accounts total are they supporting now? Please see the previous answer. 40

ACC

Smithson Corporation had a 1/1/10 balance in the Allowance for Doubtful Accounts of $10,000. During 2010, it wrote off $7,200 of accounts and collected $2,100 on accounts previously written off. The balance in Accounts Receivable was $200,000 at 1/1 and $240,000 at 12/31. At ...

Finance

) What is your Average Payment Period if your Accounts Payable are $20,000, cost of Goods Sold is $200,000, and Sales are $500,000?

US History

21. Explain how Roosevelt might have used data from graphs that showed the United States' Economy (GNP and Personal Income) during the 1932 presidential campaign. I need help answering this. Thanks -MC

Economics

Why is it that the people responsible for pensions use the CPI as an indicator for inflation rather than the GDP deflator? Why is the CPI better? what is rconimics I believe the biggest reason is the base for each measures. CPI measures the weighted average change in prices ...

science

Hi. Can someone please help me with this question? Thanks! The transport sector accounts for half of oil used. List other factors that could have accounted for increased oil imports between 1975-1994. Justify your choices.

Social Studies

Gross Domestic Product or GDP, is defined as 1:money paid to the government in taxes to support public goods and service 2:the value of all good and service produced within domestic borders 3:the value of exports minus the total value of imports 4: a period of decline in ...

finance

can someone correct these for me when you have a few minutes i'll appreciate any help thankyou.my answers are in parenthesis thanks again. Indicate whether a debit or credit decreases the normal balance of each of the following accounts: a. Office Supplies (debit) b. Repair ...

math

Suppose from a population of 50 bank accounts we want to take a random sample of three accounts in order to learn about the population. How many different random samples of three accounts are possible.

maths

I will be very greatful to you if you help me to solve the below problem: A man purchased goods Rs.880.He sold one-fourth of the goods at 15%loss.At what percent gain should the remaining be sold to gain 5% on the whole? I had done the above problem like this: C.P=Rs 880 C.P ...

goods and services

Explain the major difference between goods and services. Give 2 examples of each. goods 1. apples 2. oranges services 1. valet parking 2. housekeeping think about it

Economic

1) GDP does not include intermediate goods because a. that would understate the true size of GDP. b. intermediate goods are not useful to consumers. c. that would count the value of intermediate goods twice. d. intermediate goods are not valuable. 2) The dollar value of an ...

accounting

Is there a method of determining if you debit or credit an account? How do you know if you should debit or credit a transaction? If it's a balance sheet accout you need to learn (and mrmorize) which side of the equation i't on, and it's normal balance. Assets normally have ...

history SUE HELP MEEEE

In The Wealth of Nations, Adam Smith mentions that very good grapes could be grown in Scotland. However, growing high quality grapes in Scotland would be about 30 times as expensive as purchasing grapes from foreign countries. Some nations are better than others at producing ...

US History

what appears to be the relationship between personal income and a country's GNP

Government and Trade

If the Gross National Product (GNP) goes up, this means

accounting

Exercise 9-13: Accounts receivable turnover L.O. A1 The following information is from the annual financial statements of Lucilla Company. 2009 2008 2007 Net Sales $ 262,000 $ 193,000 $ 245,000 Accounts Receivable, net (year-end) 42,700 40,500 37,200...

civics

In the United States, people pay taxes so government can provide services to the people. What is one benefit of the government providing services instead of allowing the free market and private businesses to do so? (3 points) A. Government can provide services that would not ...

Business Maths

How do i calculate this problem. In 2007 the Pearl Boutique had net credit sales of $750,000. On January 1, 2007, Allowance for Doubtful Accounts had a credit balance of $16,000. During 2007, $30,000 of uncollectible accounts receivable were written off. Past experience ...

Science

Identified the environmentalists as one of the five basic causes of environmental problems that we face with Not including the environmental costs of economic goods and services in their market prices

Civics

In the United States, people pay taxes so government can provide services to the people. What is one benefit of the government providing services instead of allowing the free market and private businesses to do so? A. Government can provide services that would not be practical...

accounting

Linking debit or credit with normal balance C5 Indicate whether a debit or credit decreases the normal balance of each of the following accounts: a. Office Supplies debit b. Repair Services Revenue debit c. Interest Payable credit d. Accounts Receivable debit e. Salaries ...

accounting

Allocatin and proration of overhead. Frankin & Son Printing designed and prointed alses brochures, catalogues, and pamplhets. The business was dissolved in early 1763. Frankklin & Son Printing used a normal costing system. It has two direct cost pools, materials and labor and ...

Accounting

The Major Issue in inventory accounting is: A. determining whether to take inventory using cycle counts as opposed to counting all inventory only at the end of the year. B. deciding whether to maintain records on a periodic or perpetual basis. C. determining what goods to ...

statistics

solve: our health organization is interested in estimating the average value of outstanding accounts receivable. After selecting a sample of 100 accounts, suppose that the mean was $120 and the standard deviation was $40. Use these data to construct a 98% confidence interval. ...

History

summarize the differences and a way to understand the similarities between gnp and gdp and gni

Social Studies

What is one benefit of trade? Prices go up for luxury goods from abroad. People have access to more goods and services. Workers may make goods to be sold in other countries Consumers can choose to buy goods made closer to home Is it the third one?

Social Studies

Which phrase best defines "consumer?" a. someone who makes goods and services to meet their needs. b. someone who trades for goods and services to make money. c. someone who uses goods and services to meet their needs. d. someone who buys and sells goods and services from ...

Civics

In The Wealth of Nations, Adam Smith mentions that very good grapes could be grown in Scotland. However, growing high quality grapdes in Scotland would be about 30 times as expensive as purchasing grapes from foreign countries. Some nations are better than other at producing ...

Financial Accounting

Use the following information to answer multiple-choice questions 5 and 6. At the end of the year, before any adjustments are made, the accounting records for Sutton Company show a balance of $100,000 in accounts receivable. The allowance for uncollectible accounts has a ...

math

shopkeeper purchased some goods for 900rs and sold one -third of goods at loss of what 12%,then at gain% should the remainder goods he sold to gain 18% profit on whole transaction?

religion

Frankfurter puts together several accounts of monstrous ritual. Account for the similarities between these accounts. HELP

INTERNATIONAL BUSINESS

Do a country's imports completely measure the market potential for a product? Why or Why not? Most countries measures imports and exports markets, simply because the product that are imported or exported becomes part of that country GDP.

science

what are some of the cuases of overpopulation in Ethiopia The main cause is the food production has decreased dramatically decreased (govt sells food stocks to buy arms) and the GNP has greatly decreased due to the large non productive military. Overpopulation is a relative ...

Social Studies re-post

1.In a traditional economy, how are economic decisions made? consumers and planners custom and habit**** combination of consumers and planners government leaders 2.In a command economy, how are economic decisions made? government planners*** combination of consumers and ...

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