A multidisciplinary product team is an important attribute for a product development team to function effectively and meet all of its development milestones.
The product development refers to the new product to launch in the market and develop the existing product of the market.
The product development include the few steps: product goal, strategy and plan to launch in the market, execution of the product plan, product advertising, manufacturing, shipping and delivery to the customers.
The multidisciplinary product team for a product development.
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Marcy invests $10,000 into an educational savings account for her daughter, which earns 4% interest compounded annually. Find the account balance in 12 years.Marcy invests $10,000 into an educational savings account for her daughter, which earns 4% interest compounded annually. Find the account balance in 12 years.
The account balance in 12 years would be approximately $16,010.32. Marcy's initial investment of $10,000 will grow to this amount due to the compounded interest over the 12-year period.
What is the account balance in 12 years if Marcy invests $10,000 in an educational savings account with a 4% interest rate compounded annually?To find the account balance in 12 years, we can use the formula for compound interest:
\(A = P(1 + r/n)^(nt)\)
Where:
A = the account balance
P = the principal amount (initial investment)
r = the annual interest rate (expressed as a decimal)
n = the number of times interest is compounded per year
t = the number of years
In this case, Marcy invests $10,000 (P) into an educational savings account with a 4% interest rate (r) compounded annually, which means n = 1. She wants to find the account balance after 12 years (t).
Plugging in the values into the formula, we get:
\(A = $10,000(1 + 0.04/1)^(1*12)A = $10,000(1 + 0.04)^12A = $10,000(1.04)^12\)
Using a calculator or computational tool, we can calculate the expression \((1.04)^12:\)
A ≈ $10,000(1.601032)
A ≈ $16,010.32
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for inventorial costs to become expenses under the matching principle, group of answer choices all accounts payable must be settled. the product must be finished and in stock. the product must be expensed based on its percentage-of-completion. the product to which they attach must be sold
The correct answer is option (d) the product to which they attach must be sold. Inventorial costs become expenses when the product to which they attach is sold, in accordance with the matching principle.
Inventorial costs are costs associated with the production of goods, which are initially recorded as assets on the balance sheet. However, in order to match these costs with the revenues they help generate, they must eventually be recognized as expenses on the income statement.
The matching principle requires that expenses be recognized in the same period as the revenues they help generate.
Settling all accounts payable, is not directly related to the matching principle. While it is important to settle accounts payable in a timely manner, it does not determine when inventorial costs become expenses.
Having the finished product in stock, is a necessary condition for recognizing inventorial costs as expenses, but it is not sufficient on its own. The product must also be sold in order for the costs to be matched with the revenues generated.
Expensing the product based on its percentage-of-completion, is a method used in certain industries, such as construction, where it can be difficult to determine when a project is complete. However, it is not applicable to the question of when inventorial costs become expenses under the matching principle.
In conclusion, inventorial costs become expenses when the product to which they attach is sold, in accordance with the matching principle. This ensures that expenses are recognized in the same period as the revenues they help generate, providing a more accurate picture of a company's financial performance.
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which type of bond is a form of public finance paid off solely from specific, well-defined sources such as hotel taxes, ticket taxes, or other sources of public funding? general obligation bonds auction-rate bonds lease revenue bonds revenue bonds all of the above
Revenue bond is basically a type of bond which is a type of public finance which is paid from certain well-defined sources like ticket taxes, hotel taxes and some of the other sources of public funding.
The correct option is option D.
A revenue bond can basically be defined as a type or form of municipal bond which happens to get supported by the revenue that is generated from a specific source of public funding, for example highway, a toll bridge, hotel taxes, ticket taxes or a local stadium.
Revenue bonds that happen to finance the income producing sources or projects basically get secured by a certain source of revenue.
Hence, the correct option is option D.
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A firm has four different investment options. Option A will give the firm $10 million at the end of one year, $10 million at the end of two years, and $10 million at the end of three years. Option B will give the firm $5 million at the end of one year, $10 million at the end of two years, and $15 million at the end of three years. Option C will give the firm $15 million at the end of one year, $10 million at the end of two years, and $5 million at the end of three years. Option D will give the firm $21 million at the end of one year, nothing at the end of two years, and $9 million at the end of three years. Which of these options has the highest present value if the rate of interest is 5 percent
Answer:
The answer is "Option D".
Explanation:
Using the formula for calculating present value:
\(= \frac{Future \ value}{(1+r)^n}\\\\\)
that's why "Option D" is correct.
a company had average total assets of $975,000. its gross sales were $1,116,000 and its net sales were $920,000. the company's total asset turnover equals:
The company's total asset turnover can be calculated by dividing the net sales by the average total assets.
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales from its assets. It indicates how well a company utilizes its assets to generate revenue. In this case, the net sales of $920,000 need to be divided by the average total assets of $975,000 to calculate the total asset turnover.
Total Asset Turnover = Net Sales / Average Total Assets
Total Asset Turnover = $920,000 / $975,000
By performing the calculation, we find that the company's total asset turnover is approximately 0.944 or 94.4%. This means that for every dollar of average total assets, the company generates $0.944 of net sales. A higher total asset turnover ratio generally indicates better asset utilization and efficiency in generating sales.
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What MUST you have in order to
complete a federal, state, or local tax
return form?
Answer:
federal
Explanation:
After asking coworkers to review a project plan, you receive feedback. Your coworker thinks there is a better way to display the data in the business report.You should add a
title
reference
abstract
table
Answer:
table
Explanation:
A manager that consistently double books appointments with someone she does not want to deal with may be engaging in:______.
The manager that is continuous dealing with the people is engaged in the Avoidance behavior.
What is manager?
Manager refers to the person who manages the working of the organization in order to achieve the common goals of the organization. It involves certain activities such as planning, organizing, directing, staffing, commanding and controlling.
A manager who persistently double arranges appointments with people she dislikes may be participating in Avoidance behavior. Therefore, it can be concluded that Avoidance behavior is the correct option for the blank.
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In
, people invest money in a company in exchange for the company’s
.
Answer:
In equity crowdfunding, people invest money in a company in exchange for the company’s shares
Explanation:
Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.
Startups and early-stage companies use this method to raise capital.
Salvador and Jenna Porter purchased a home in Kenosha, Wisconsin, for $400,000. They moved into the home on February 1 of year 1. They lived in the home as their primary residence until November 1 of year 1, when they sold the home for $500,000. The Porters' marginal ordinary tax rate is 35 percent.(b. Assume the Porters sell the home because Jenna's employer transfers her to an office in Texas.)d. Assume the same facts as part (b), except that on December 1 of year 0 the Porters sold their home in Kenosha and excluded the $300,000 gain from income on their year 0 tax return. How much gain will the Porters recognize on the sale of their Kenosha home?
Based on the information provided, Salvador and Jenna Porter purchased a home in Kenosha, Wisconsin for $400,000 and sold it for $500,000, resulting in a gain of $100,000.
Since they lived in the home as their primary residence for less than 2 years (February 1 of year 1 to November 1 of year 1), they do not meet the requirements for the full exclusion of capital gains from the sale of their primary residence.
However, since they sold the home due to Jenna's employer transferring her to Texas, they may qualify for a partial exclusion. As the Porters had previously excluded a $300,000 gain on the sale of their previous home in December of year 0, this does not impact the current sale's exclusion.
To determine the amount of gain the Porters will recognize on the sale of their Kenosha home, you will need to calculate the partial exclusion based on the time they lived in the home.
Since they lived in the home for 9 out of the required 24 months, they may be eligible to exclude 9/24 of the maximum exclusion amount of $500,000 (for married couples filing jointly).
9/24 * $500,000 = $187,500
Since the gain on the sale of their Kenosha home is $100,000, which is less than the partial exclusion amount of $187,500, the Porters will not recognize any gain on the sale of their Kenosha home for tax purposes.
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You just started your first full-time job, and one of the benefits is a retirement savings plan. Someone in the human resources department is going over your benefits and says that you have make choices about how the retirement savings plan is invested. She gives you some papers to read and asks you to stop by and let her know your choices when you come to work tomorrow. What must you consider as you read the information and make your choices? Answer in complete sentences.
I need to be aware that investment options and the market conditions can change over time, and I should regularly review and adjust my investment choices as to ensure I am on the track to meet my retirement goals.
What is retirement?Retirement is a phase in a person's life when they choose to stop working or reduce their work hours. It is a time when people typically have reached a certain age, have accumulated enough savings or investments, and are ready to leave the workforce. Retirement can be a voluntary decision or forced due to health issues or other reasons. During retirement, individuals can pursue hobbies, travel, spend time with family and friends, and engage in leisure activities they did not have time for while working. Retirement also involves careful financial planning to ensure that one's income will be sufficient to support their lifestyle and cover expenses, such as healthcare and housing. Many people also choose to seek advice from financial planners and other professionals to help them navigate this phase of life.
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Who is Patrick Jorgenson? What does he do for a living?
Answer:
I think you mean Patrick Jørgensen
Explanation:
He is a musical artist and if you don't mean Patrick Jørgensen I'm sorry
What is collateral?
•
a type of unsecured credit
O property given as security for a loan
funds borrowed to buy property
a payment to reduce overall debt
A collateral is a property given as security for a loan. Thus, the correct answer is option B.
What is a collateral?A valuable asset that a borrower offers as collateral for a loan is known as collateral in the financial industry.
The house is used as collateral for the financing when a home buyer gets a mortgage. The automobile is the security for a car loan. When a company seeks bank financing, it may use valuable assets like real estate or machinery as collateral for the loan.
An unsecured loan has a higher interest rate than one that is backed by collateral. If there is a default, the lender has the right to transfer the collateral to make up the difference.
Therefore, property given as security for a loan is a collateral
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Hello guys I'm Filipino
Answer: Nice, today is my birthday :D
Explanation:
I’m mexican :)
Answer:
hlo iam a proud nepali
you filipino
if monica is building computers under conditions of diminishing marginal returns, the marginal cost will:
If Monica is building computers under conditions of diminishing marginal returns, the marginal cost will eventually increase.
What is Diminishing marginal returns?Diminishing marginal returns means that as more units of a variable input (such as labor or raw materials) are added to a production process while holding other inputs constant, the marginal product of that input will eventually decrease. In the context of building computers, this means that as more workers are added to the production process, the marginal product of each additional worker will eventually decrease.
As the marginal product of each additional worker decreases, the cost of producing each additional computer will increase. This is because more resources (such as raw materials, equipment, and time) will be required to produce each additional unit of output.
Therefore, the marginal cost of producing each additional computer will eventually increase as diminishing marginal returns set in, which can make it more difficult and costly for Monica to continue to expand production beyond a certain point.
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People of Brainly, who was your worst bully, and how did you stop them?
a mutual fund is an investment company that buys stocks and bonds and then sells shares in those securities to the public. group startstrue or false
A mutual fund is an investment company that buys stocks and bonds and then sells shares in those securities to the public. The statement is True. A Mutual Fund is an investment company.
A mutual fund is a professionally managed investment fund that pools money from many investors to buy securities. The term is commonly used inside the united states, Canada, and India, whilst comparable systems across the globe encompass the SICAV in Europe and open-ended investment organizations within the united kingdom.
The mutual price range can be a great investment for all and sundry searching out diversification in their portfolios. study whether or not mutual funds may be the right funding for you. Mutual funds offer diversification and comfort at a low fee, however whether or not to put money into them relies upon your individual state of affairs.
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The purpose of value chain analysis is to: understand the power of the customers. understand the power of the suppliers. determine the cost of production. determine where in the organization you are creating value and where you are not.
Option 4 is correct. The purpose of value chain analysis is to determine where value is being created in an organization and where it is not.
Value chain analysis is a strategic management tool used to evaluate and analyze the various activities and processes within an organization that contribute to the creation of value for customers. By conducting a value chain analysis, companies can identify the specific areas where they are adding value and the areas where they may be lacking.
This analysis helps in understanding the power of customers and suppliers by examining their influence on the value creation process. Additionally, value chain analysis helps determine the cost of production by examining the costs associated with each activity within the value chain. By identifying areas where value creation is lacking or costs are too high, organizations can make informed decisions to optimize their operations, improve efficiency, and enhance overall performance.
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The complete question is:
The purpose of value chain analysis is to:
1. understand the power of the customers.
2. understand the power of the suppliers.
3. determine the cost of production.
4. determine where in the organization you are creating value and where you are not.
Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position? O A. O B. O C. O D. high school diploma associate degree in performing arts bachelor's degree in art history doctorate in computer sciences
The best education for Matt to attain the position of curator at a large national museum is an Option C. bachelor's degree in art history.
A curator is a person who is in charge of the collection and display of artifacts in a museum. Curators are responsible for organizing exhibits, acquiring new collections, and keeping the existing ones in good shape, among other duties. The work of a curator demands a high degree of knowledge of the materials they handle, in addition to organizational skills and the ability to engage with the public.
Curators must typically hold a bachelor's degree in a field related to the collection they oversee. Art history, anthropology, or archaeology are popular majors for curators. Additionally, they should have experience in their particular field of expertise. Furthermore, many museums will require their curators to have a Master's degree or Ph.D. in their field or a related one. These degrees are obtained in specialized postgraduate degree programs, and they demonstrate a deeper understanding of the subject matter and a commitment to the field.
The education for Matt to attain this position would be a bachelor's degree in art history. Art history is the study of visual art throughout history. It is an academic discipline that combines cultural and historical perspectives to examine and understand visual art. In this field, you will learn about artists and their works, styles and movements, and the cultural contexts that surrounded them. This knowledge is critical to the work of curating art collections, and it will enable Matt to be efficient in his job. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position?
A. high school diploma
B. associate degree in performing arts
C. bachelor's degree in art history
D. doctorate in computer sciences
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Suppose a frost destroys much of the florida orange crop. At the same time, suppose consumer tastes shift toward orange juice. What would we expect to happen to the equilibrium price and quantity in the market for orange juice?.
Frost destroys much of the Florida orange crop, and at the same time, suppose consumer tastes shift toward orange juice. Price will increase, quantity is ambiguous.
What is price?A price is the amount of money that is (often not negatively) exchanged from one party to another in exchange for their goods or services.The cost of production may go by another name in some circumstances. If a product is classified as a "good" in a commercial exchange, its price is most likely to be referred to as such. However, there will be alternative titles for this thing if it is a "service."The bottom graph, for instance, will display some circumstances. Production expenses, the availability of the desired item, and consumer demand all have an impact on a good's pricing. A price may be set by a monopolist or imposed on the company by the market.
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which of the following is true regarding subsidies and financial incentives to domestic firms? a they are illegal under national laws. b they hamper the expansion efforts of foreign firms. c there are taxes on the consumption of imports. d they are recommended by the wto to promote free trade. e they are intended to support the expansion of foreign firms.
Subsidies and financial incentives to domestic firms are often used by governments to support and promote their domestic industries. The correct answer for given question is D.
These measures can take various forms, such as tax breaks, grants, loans, and other financial incentives. They are intended to provide advantages to domestic firms and can impact international trade.
According to the World Trade Organization (WTO), subsidies are not necessarily illegal under national laws, and in fact, they can be used to promote free trade. The WTO provides guidelines and rules for the use of subsidies, including their regulation and disciplines to prevent their trade-distorting effects. However, there are certain circumstances under which subsidies may be considered illegal, such as when they are found to be causing harm to other WTO members' interests.
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They are recommended by the WTO to promote free trade. Subsidies and incentives are used to support domestic firms, not foreign firms. The correct answer is d.
The World Commerce Organization (WTO) recommends they encourage free commerce. Although they are not prohibited by national law, governments frequently employ subsidies and financial incentives to domestic companies to assist their home sectors.
Although they could affect the competitiveness of international businesses, they are not meant to obstruct their expansion plans. Tariffs, often referred to as import consumption taxes, are distinct from subsidies and incentives and are not always associated with promoting foreign businesses.
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Jennifer is a full-time student at University. She is finished her Junior year and started her senior year in 2020. Jennifer lived with her aunt while she attended school. Her aunt paid for all of her basic living expenses during 2020, including the summer months. Jennifer's parents paid for Jennifer's tuition costs of $20,000 in 2020. On Jennifer's parents' federal tax return, how much of an education credit can they claim for 2020
Answer:
Jennifer parents can get a tax credit of $2,500
Explanation:
As per the rule smaller of the two can be claimed as education tax credit
a) $1000 (40% of the total eligible tax credit)
b) maximum annual credit of $2,500 per eligible student
Jennifer parents can get a tax credit of $2,500
Lindsay is a personal trainer who works with athletes to get them ready for their events. She helps them learn how to strengthen their muscles and keep their bodies in prime condition so that they will perform at their best. The pathway in the Education and Training cluster that Lindsay’s career falls into is _____.
Answer: Fitness trainer
Explanation:
A fitness trainer is an individual who is responsible for the sole purpose of training individuals on how they can keep their body in fit condition, either for competition reasons, for their health sake or a personal decision by them. Most fitness trainer are paid and they are professionals who have undergone training either by education or have been taught by someone to carry out such practise
Answer:
C. Professionals Support Services
Explanation:
What are some reasons that a bank statement might not match a cash balance of a business's records? Choose all answers that are correct.
Question 1 options:
posted payments on credit cards
bank errors
outstanding deposits
service charges
recorded checks
outstanding checks
Answer:
outstanding deposits, outstanding checks, posted payments on credit cards
Explanation:
Bank errors, Outstanding Deposits, Service Charges, and Outstanding checks are some reasons that a bank statement might not match the cash balance of a business's records. The correct options are B, C, D, and F.
What information does a bank statement provide?Name, address, account number, and bank branch information are all listed on bank statements for account holders. Additionally, a summary table that displays the statement's time frame, opening and closing bank balances, deposits made to the account, refunds, and cash withdrawals is included. In addition, fines levied by your bank as well as declined or canceled payments will appear on your statements.
Differences between the two records could be the result of Deposits in transit: The firm may have received cash or cheques, but the bank may not have yet recorded them. Outstanding checks are ones that have been issued but have not yet been processed. Bank service fees: Banks frequently deduct service fees.
Thus, the ideal options are B, C, D, and F.
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Last year the Chester company increased their equity. In 2021 their equity was $49,262. Last year (2022) it increased to $49,970. What are causes of change in equity? Check all that apply.
A. Profits of $9,298
B. Depreciation of -$41,287
C. Issue and retirement of stock .
D. A bond issue of$1,298.
The causes of change in equity for the Chester company from 2021 to 2022are most likely A. Profits of $9,298 and C. Issue and retirement of stock.
A. Profits of $9,298: This is a possible cause of change in equity. If the company generated profits during the year, it would increase their equity.
B. Depreciation of -$41,287: This is not a cause of change in equity. Depreciation is an accounting concept that reflects the allocation of the cost of assets over their useful lives, but it does not directly impact equity.
C. Issue and retirement of stock: This is a possible cause of change in equity. If the company issued new stock or retired existing stock, it would affect the equity by increasing or decreasing the amount of capital contributed by shareholders.
D. A bond issue of $1,298: This is not a cause of change in equity. A bond issue represents a liability for the company and does not impact equity directly.
Therefore, the causes of change in equity for the Chester company from 2021 to 2022 are most likely A. Profits of $9,298 and C. Issue and retirement of stock.
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Consider a firm with the following productions and costs. Please measure the marginal cost for q=2.
Total Product Total Cost
q TC
______________________
0 $5
1 $12
2 $15
To calculate the marginal cost for q=2, we need to determine the change in total cost (TC) when the quantity produced increases from q=1 to q=2. The marginal cost found to be q=2 is $3.
The marginal cost (MC) represents the additional cost incurred when producing one more unit of output. It is calculated by taking the difference in total cost between two consecutive levels of production and dividing it by the change in quantity.
In this case, the given total costs are as follows:
q=0: TC=$5
q=1: TC=$12
q=2: TC=$15
To find the marginal cost at q=2, we compare the total cost at q=2 with the total cost at q=1.
Change in TC = TC(q=2) - TC(q=1) = $15 - $12 = $3
Change in quantity = q=2 - q=1 = 2 - 1 = 1
Marginal Cost (MC) = Change in TC / Change in quantity = $3 / 1 = $3
Therefore, the marginal cost for q=2 is $3.
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state five Forest reserve in Ghana
Answer:
Akrabong, Obotoumfo, Abasumba, Ahirasu Nos one and two
You are a network engineer for a San Francisco law firm. After the 1989 earthquake, an emphasis on continued business operation after future earthquakes dominated in the San Francisco business community. What type of plan focuses on ensuring that personnel, customers, and IT systems are minimally affected after a disaster
As a network engineer for a San Francisco law firm, the type of plan that focuses on ensuring that personnel, customers, and IT systems are minimally affected after a disaster is a Business Continuity Plan (BCP).
BCP is a comprehensive plan that outlines the procedures and strategies that an organization will use to continue its essential business operations after a disruptive event like an earthquake. The BCP typically includes steps for disaster recovery, backup and restoration of IT systems, communication and coordination among personnel, alternative work locations, and other critical business functions. By having a well-designed BCP in place, the law firm can minimize the impact of an earthquake or any other disaster and ensure that it can continue to provide essential services to its clients.
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Promotional discounts are given to stores by manufacturers to place their products in preferred locations in the store and to display their products in a ski manufacturer sells a local ski shop 35 pairs of their new store window: skis for $7000, which is a discount of $2,625. What is the percentage of the discount given to the store? (Round your answer to the nearest whole percent.)
Answer:
27%
Explanation:
The ski was sold for $7,000 which has a discount of $2,625.
the price before discount is
= $7,000 + $2,625.
=$9,625
the discount as a percentage
=$2,625 / $9,625 x 100
=0.272727 x 100
=27.27%
=27%
GDP is: A. Dthe total value of all consumer expenditures within a given period B. national income after taxes C.the total value of all final goods and services plus intermediate goods and services produced domestically within a given period. D. the value of all final goods and services produced domestically within a given period.
D
Final goods or services used to compute GDP refer to: the factors of production used to produce output, goods and services purchased by the ultimate users, the sum of all exports plus imports.
goods and services purchased by the ultimate users.
Intermediate products: A. produced domestically are not directly reflected in a nation's GDP B. are imported retail products C. are goods that are purchased by the ultimate user
A. produced domestically are not directly reflected in a nation's GDP.
Net exports are defined as: A. exports plus imports B. exports minus imports. C. imports minus exports.
B
What is the measure of the income received by owners of resources used in making final goods and services? factor payments, product payments, indirect earnings, direct earnings
factor payments The prosperity of a nation today is typically measured by its: A. total output or gross national product B. output per capita C. gold reserves
B
A country will roughly double its GDP in twenty years if its annual growth rate is: 2.5%, 3.5%, 7.5%
3.5%
As more capital per worker is added, a per worker production function generally becomes: A. flatter because capital is subject to diminishing marginal returns B. flatter because labor is subject to diminishing marginal returns. C. flatter because capital is subject to increasing marginal returns.
A
In a fully employed economy, invention and discovery: are automatic, achieved through sacrifices in current consumption, have negative op. cost, all of the above
are achieved through sacrifices in current consumption.
T/F: a piece of glass bought by a consumer to fix a broken window would be counted toward GDP
true
T/F: a sheet of glass purchased by General Motors for the side window of a new car would be counted toward GDP
false; its an intermediate good Which of the following products are not included in current U.S. GDP? A. a Washington apple B. a Ford Mustang produced last year and sold this year C. a physical examination at a California health clinic D. All of the above
B; it was included in last years GDP
GDP does not directly include: A. the value of final goods and services produced, but not sold, during a period B. the value of services rendered during a period C. the value of intermediate goods sold during a period D. any E. either a or c
C
The most volatile GDP category under the expenditure approach is: wages/salaries, investment, consumption, gov purchases, net exports
investment The investment component of GDP includes: A. funds in individual retirement accounts. B. construction of a new steel mill C. the sale of shares of Coca-Cola stock D. the purchase of a refrigerator by a household.
B
If a nation's imports exceed its exports: A. net exports will be positive. B. GDP will be less than the sum of consumption, investment, and government purchases C. GDP will be greater than the sum of consumption, investment, and government purchases. D. none of the above apply.
B -net exports will be negative and GDP will be less than sum of consumption, investment, and gov purchases
The services rendered by a special agent with the Federal Bureau of Investigation is included in which expenditure category of GDP: consumption, investment, government purchases, net exports, none of the above
gov purchases In 2008, U.S. Nominal GDP totaled approximately: $2.1 tril, 2.8, 14.3, 10.1, none $14.3 til
If the price index is now 120, it means: A. prices are 120 percent higher than in the base year. B. prices are 20 percent higher than in the base year. C. prices are 1.2 percent higher than in the base year
D. nominal GDP will be less than real GDP. E. that both b. and d. are true.
B
Which of the following is a problem with using real GDP as a measure of economic well-being? A. does not account for inflation B. does not account for production within the household C. does not account for production by foreign firms producing inside the U.S. D. all of the above
B
Estimates of the size of the underground economy range from: A. 4 to 20 percent. B. 2 to 5 percent. C. 7 to 10 percent. D. 45 to 60 percent.
A
D. all of the above. Gross Domestic Product is the total market value of all final goods and services produced within an economy in a given year.
What is GDP?GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country.
Payments for transfers are excluded from GDP. GDP is the total dollar worth of all finished products and services produced domestically inside a nation during a specific time period.
Gross domestic product (GDP) measures the market value of all completed goods produced and sold by countries within a specific time period in terms of money. Due to the measurement's complexity and subjectivity, it must be repeatedly adjusted before it can be considered a reliable indicator. While GDP per capita does not account for differences in the cost of living and inflation rates of the various countries, nominal GDP is preferable for comparing national economies on the global market. Therefore, when comparing living standards between nations, employing a base of GDP per capita at purchasing power parity (PPP) may be more useful. It is also possible to quantify the contribution of each industry or sector to the overall GDP.
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