1. 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
  2. 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
  3. 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
  4. 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
  5. 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
  6. 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
  7. 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
  8. 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
  9. 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
  10. 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?
  11. 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
  12. 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.
  13. 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
  14. 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
  15. 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
  16. 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?
  17. 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
  18. 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
  19. 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
  20. 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?
  21. 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
  22. 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
  23. 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
  24. 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,
  25. 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
  26. 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
  27. 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
  28. 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
  29. Economics

    I learned that price level is the weighted average of prices of all goods and services in an economy. Does weighted mean that certain goods and service have different weight (in other words importance)than other goods and services like chewing gum having
  30. Macroeconomics

    Which of the following aren't included in the measurement of GDP? Exports Personal income Consumption spending Government spending on goods and services Transfer payments Net interest Imports Investment spending
  31. 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
  32. 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
  33. 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
  34. 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
  35. sociology

    The question about who has the right to vote is a matter of ______________ justice. (Points : 1) Retributive Distributive Transformative Corrective My answer retributive Which of the following is a matter of controversy for egalitarians? (Points : 1)
  36. 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
  37. MARKETING!!

    PLEASE HELP ME MATCH THE FOLLOWING... 1.standard of living 2. economies of scale 3. division of labor. 4. gross domestic product 5. investment. 6. diminisihing returns 7. infrastructure. 8. production 9. productivity 10. technology. a. value of final goods
  38. 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
  39. 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
  40. business

    A nonprofit organization does not issue stock shares or distribute its extra funds to owners or shareholders. If all businesses were required to operate as nonprofit organizations, how might that hurt a free market economy? A. People would be less likely
  41. Economics

    All goods and services are scarce because A. some goods cost more than others. B. resources are limited. C. things are either needs or wants. D. greedy people want too many goods. B?
  42. 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
  43. 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
  44. 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
  45. Economics

    Correct me if I am wrong, if a country's currency appreciates, foreign goods are relatively cheaper than domestic goods, so imports increases and export decreases. And if depreciates, the opposite is true?
  46. 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
  47. economics

    Explain what happens to the official measure of GDP in each of the following situations. a. air quality improves significantly throughout the US but there are no effects on aggregate production or on market prices of final goods and services. b. The US
  48. SS

    What is the main advantage of using money instead of bartering? A. Many more people today use money than bartering to get goods and services. B. Not all countries use the same types of money in their economies. C. Money comes in many different values to
  49. 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
  50. Social Studies

    1: The government must provide some goods and services because A: they are too expensive for entrepreneurs to provide. B: demand for them is greater than supply. C: private producers have no incentive to do so. D: not many people are interested in buying
  51. SS

    Suppose that people in your community voted to eliminate all taxes. Which of these goods and services would most likely disappear? A. interstate highway maintenance B. neighborhood trash pickup C. regional military base D. grocery store parking lots B What
  52. geography

    what are the goods & services of each state? The commerce? please see: http://www.commerce.gov/ AND http://cl.idaho.gov/DNN/Default.aspx?alias=cl.idaho.gov/dnn/idcl Goods of each state usually refer to the agricultural or manufactured products (like wheat,
  53. 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
  54. 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
  55. 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
  56. economics

    If someone could help me with this question, that would really help. I'm just not sure what the formula would be? Suppose a market basket of goods and services includes the goods for two successive years. According to the table, between the years 2012 and
  57. 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
  58. 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.
  59. SS

    Which of these groups contribute to total GDP? A. human records, raw materials, capital goods B. government spending, capital goods, net imports C. net imports, net exports, household spending D. net exports, household spending, government spending D?
  60. 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.
  61. microeconomics

    If the price of oil falls below $50 per barrel, then the supply of the goods and services whose poduction involves a lot of oil will increase. The incresase in supply will cause the prices for these goods and services to fall. True, False or Uncertain.
  62. business law

    Goods versus Services. Fred and Zuma Palermo contacted Colorado Carpet Installation, Inc., for a price quotation on providing and installing new carpeting and tiling in their home. In response, Colorado Carpet submitted a written proposal to provide and
  63. History

    Please check my answers please. Thank you! 1. The U.S. economy is a free enterprise system. True* False 2. Work you do for pay is called a _____. service industry diverse workforce job* volunteer job 3. When there are many people seeking the same job, this
  64. economics

    Assume that the capital account is equal to zero. Net unilateral transfers 150 Exports of goods and services 7500 Net increase in United States government’s nonreserve foreign assists -130 Net increase in foreign ownership of United States based
  65. Economics

    Why is there such a wide variety of desired goods and services in a market?
  66. GNP

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

    how market prices ration goods and services among those who want them? 2 page paper
  68. Social Studies

    What is the most likely result of incomes not rising as quickly as inflation? A. People are able to buy fewer goods and services. B. The unemployment rate rises as more people look for jobs. C. Many people decide to leave the labor force. D. Consumers buy
  69. social studys

    wich is the only state bording New Hampshire,canada and the atlantic ocean?? Please check this map.
  70. Social Studies

    People engage in trade mostly in order to _______ a. have access to a variety of goods (?) b. encourage specialization in the economy c. raise labor productivity at businesses d. set prices for goods and services most efficiently Which of these is a result
  71. Economics

    Consider the following two country-two goods world, with a single input, labor: Daily production per worker Commodity Portugal England Wine (barrels) 2 OR 1 Cloth (bolts) 4 OR 3 a) Does either country have absolute and/or comparative advantage in any
  72. 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
  73. Spanish

    I need help finding the imports of Guatemala does anyone have a site i could go to? I know its a weird spanish assignment the 6th choice down when I googled Imports of Guatamala yeilded the only thing I could find... Imports:
  74. SS help

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

    When an economist says that a currency has become stronger, he or she means that a) it will buy less of foreign goods. b)it can be exchanged for more of a foreign currency. c)services, unlike goods, can be exported freely. d)there are very few things that
  76. 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
  77. SS

    TechTown is filled with companies that produce computer parts and software. Which sentence best describes TechTown? a. TechTown specializes in computers. b. TechTown has a high demand for software. c. TechTown must have a command economy. d. TechTown
  78. socials

    i find this online this question and i want to see if i answer right. why is per capita GDP often criticized as an ineffective means of comparing standards of living between countries? A. it only measures the cost of food B. it relies heavily on
  79. Economics

    Suppose that your state raises its sales tax from 5 percent to 6 percent. The state revenue commissioner forecasts a 20 percent increase in sales tax revenue. Is this plausible? Explain. I would think not, because wouldn't the increase in sales tax shut
  80. Economics

    Suppose that your state raises its sales tax from 5 percent to 6 percent. The state revenue commissioner forecasts a 20 percent increase in sales tax revenue. Is this plausible? Explain. I would think not, because wouldn't the increase in sales tax shut
  81. 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
  82. Managerial Economics

    Why the cost structure associated with many kinds of information goods and services might imply a market supplied by a small number of large firms.
  83. Wages Quick reply

    All but which one of the following assumptions are included within the model of perfect competition? (Points : 1) employers seek to maximize profits workers have perfect information about wages and job opportunities available
  84. Social Studies

    Explain the economy of China. Include goods and services, resources, trade, and division of labor. no wikipedia
  85. ECONOMICS PLEASE PLEASE HELP!!

    Lots of folks these days believe that CO2 emissions generated by human actions --- notably production of goods and services --- are causing climate change, more specifically, global warming. For the sake of dialectic discussion, let's suppose that claim is
  86. economics

    An increase in the value of the U.S. dollar relative to foreign currencies would lead to A) an increase in U.S. exports and a decrease in U.S. imports B) a decrease in U.S. exports and an increase in U.S. imports C) an increase in both U.S. imports and
  87. 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?
  88. Health and human services

    Nine major forms of benefits/services in the U.S. social welfare system? Choose three out of the nine major forms of benefits/services in the U.S. social welfare system for each of the three; give an example of when you believe that benefit or service
  89. econ

    Consider the following data about the goods market in a hypothetical closed economy. Assume that government expenditure is constant at $200 million. Also assume that there is equilibrium in the goods market at all times. Some of the pairs of interest rate
  90. econ

    Consider the following data about the goods market in a hypothetical closed economy. Assume that government expenditure is constant at $200 million. Also assume that there is equilibrium in the goods market at all times. Some of the pairs of interest rate
  91. Economics

    "The Household sector has devoted much of this windfall gain in income towards a greater hunger for imports" When referring to a L-J (Leakages-Injections) graph will this be a change in EXOGENOUS IMPORTS or Marginal Propensity to Import? With your
  92. Science

    Environomentalist as the five basic cause of eniveronmental problems that we face have indentified the following. I) Rapid population growth II) Unsustainable resource use III) Poverty IV) Not including the environmental cost of economic goods and services
  93. Mico Econ

    Which of the following situations will arise in the domestic market following the imposition of an import ban? Question 13 options: imports increase, domestic production increases, prices increase imports increase, domestic production decreases, prices
  94. History

    Yes or no. To have a favorable balance of trade, a country must sell fewer goods to other countries than it buys from other countries. Yes or no.Money is an example of an capital resource. Yes or no.In our economic system, people receive wages for
  95. 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?
  96. Business Math

    The balance sheet of karim imports lists the following account balances: cash 6,450 supplies 1,200 accounts receiveable 15,360 office equipment 8,500merca
  97. Business

    Please check my answers: #7-A firm's marketing mix decision areas would NOT include: A. Price B. Promotion C. Product *D. People* #8-The marketing mix: *A. Helps to organize the marketing strategy decision areas* B. Includes four variables-People, Place,
  98. accounting

    Selected T-accounts for Rolm Company are given below for the just completed year: Raw Materials Manufacturing Overhead Bal. 1/1 31,000 Credits ? Debits 390,000 Credits ? Debits 420,000 Bal. 12/31 56,000 Work in Process Factory Wages Payable Bal. 1/1 73,000
  99. Principles of Business

    The term 'human resources' refers to: (A)persons available for productive and professional services (B)raw materials used in the manufacture of goods (C)materials and goods made by human beings (D)capital invested by shareholders in company
  100. Science

    The following have been identified by environmentalists as the five basic causes of environmental problems that we face. I) Rapid population growth II) Unsustainable resource use III) Poverty IV) Not including the environmental costs of economic goods and