What is national income used for? How does this correspond to expenditures and GDP?
Question:
What is national income used for? How does this correspond to expenditures and GDP?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (5 reviews)
National income is a crucial economic indicator that measures the total income generated by a countrys citizens and businesses within a specific perio...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Economics An Introduction To Traditional And Progressive Views
ISBN: 9780765616685
7th Edition
Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers
Question Posted:
Students also viewed these Business questions
-
The Economic Stimulus Act of 2008 and the American Economic Recovery and Reinvestment Act of 2009 where the latest big experiments the U.S. has undertaken with large-scale fiscal stimulus. Recall...
-
You will review and analyze the mission statement, case information, and financial statements of Canada Hardware Inc. You will use the information from your review to develop a SWOT analysis with the...
-
The Real Property Association of Canada surveyed 82 office buildings as to their water usage and graphed the number of litres of water used per square foot of office space per year (L/ft 2 /yr) for...
-
Jane Grimes, retail fruit and vegetable merchant, does not keep a full set of accounting records. However, the following information has been produced from the business's records: 1. Summary of the...
-
Richardson Co. acquires machinery by paying $10,000 cash. Richardson purchased a similar machine last month for $13,500. At what cost should the new equipment be recorded?
-
Name the three most abundant types of sedimentary rocks in order of decreasing abundance and tell why each is so abundant.
-
The following data are for Huang Wong Ping Retail Outlet Stores. The account balances (in thousands) are for 2017. 1. Compute (a) the cost of goods purchased and (b) the cost of goods sold. 2....
-
An excerpt from the income statement of the Kelly Company follows. Estimated fixed costs in Year 1 are $660,000. a. What percentage of sales revenue is variable cost? b. What is the break-even point...
-
By making use of the identities z = eLn(z) and Ln(z) = a Ln(z), simplify and evaluate the following expressions: (a) i2 and (b) i". Show all details of work.
-
1. Which aspect of the French revolution most disturbed commentators? 2. How would you align each of these writers on a spectrum running from extreme right to extreme left in politics? 3. How would...
-
How is national income calculated from GNP?
-
How is GDP calculated? How is GNP calculated?
-
Leonhard Euler is considered one of the greatest mathematicians of all time. Do research and write a report on Eulers life. Include information on his contributions to sets and to logic. Also...
-
Can you elucidate the molecular basis of epigenetic regulation and its impact on gene expression and cellular differentiation?
-
Case Corp in considering acquiring Western Tech. Their current stock price, number of shares outstanding and balance sheets are below: Suppose that Case Corp will announce the acquisition tomorrow,...
-
What is the primary goal of responsibility accounting? Explain briefly
-
Explain the legal requirements that require financial reporting in accordance with IFRS in the European Union. b) Explain the legal requirements that require financial reporting in accordance with...
-
What does this mean "Is AMIR QURAISHI LLC owned or controlled by a common parent, that files its Federal Income Tax returns on a consolidated basis?
-
Describe service firms that are likely to have a job costing-like system; a process costing-like system.
-
Cobb Manufacturing Company uses a process cost system and average costing. The following production data is for the month of June 2011. Production Costs Work in process, beginning of the month:...
-
(Computation of Net Income) Presented below are changes in all the account balances of Fritz Reiner Furniture Co. during the current year, except for retained earnings. Increase Increase (Decrease)...
-
(Income Statement Items) Presented below are certain account balances of Paczki Products Co. From the foregoing, compute the following: (a) Total net revenue, (b) Net income, (c) Dividends declared...
-
(Single-step Income Statement) The financial records of LeRoi Jones Inc. were destroyed by fire at the end of 2004. Fortunately the controller had kept certain statistical data related to the income...
-
The plain vanilla bond A has a nominal value of EUR 1000, 10 years maturity, pays a coupon rate of 8.26% due annually and has a yield to maturity of 9%. An investor, with an investment time horizon...
-
use the Subtotal command with a Building to order form to determine how many Buildings were ordered in each size (Normal, Large and Very Large). This will create an outline for your worksheet with a...
-
How can PbD principles be effectively implemented in the early product or system design stages? Discuss the challenges and benefits of integrating these principles during development rather than as...
Study smarter with the SolutionInn App