What is the income approach to measuring GDP?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
The income approach measures GDP by focusing on aggregate inc...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Macroeconomics Canada in the Global Environment
ISBN: 978-0321778109
8th edition
Authors: Michael Parkin, Robin Bade
Question Posted:
Students also viewed these Economics questions
-
Multiple Choice Questions: 1. Which of the following will be counted as part of this years U.S. GDP? a. Goods produced last year but not sold until this year. b. Goods produced this year by an...
-
When using the income approach to measure GDP at market prices, in addition to summing all factor incomes it is necessary to ________. A. Subtract depreciation because profit is not reported as net...
-
Why is the income approach to value often difficult to use on a single family residential appraisal?
-
Read the Speech of Martin Luther King, Jr.'s "I Have a Dream" and answer the question: Kin, makes liberal use of metaphorand metaphorical imagery in his speech. (Glossary: Figures of Speech) Choose a...
-
Top managers of Manion Industries predicted the following years sales of 145,000 units of its product at a unit price of $8. Actual sales for the year were 140,000 units at $9.50 each. Variable...
-
Gilles Corp. purchased a piece of equipment on February 1, 2017, for $100,000. The equipment has an estimated useful life of eight years, with a residual value of $25,000, and an estimated physical...
-
Consider a shield with an emissivity of \(\epsilon_{\mathrm{s}}\) separating two parallel plates as shown in Fig. 19.11. Assume that the shield is adiabatic and that there is no net loss of heat....
-
The total assets of the Dexter Company are $270 million, and the firms present capital structure, which follows, is considered to be optimal. Assume that there is no short-term debt. Long-term debt...
-
Brown Company has assets of $ 9 1 , 0 0 0 in liabilities of $ 2 6 , 0 0 0 . What is the amount of total claims?
-
Now, assume Western Jeans Company's inventory carrying cost per yard of denim is 29% of the price per yard and the price of denim from the Cumberland Textile Mills is $1.20 per yard. Now suppose...
-
What is the expenditure approach to measuring GDP?
-
What is the distinction between nominal GDP and real GDP?
-
Why are inflationary dangers lower in the high-income economies than in low-income and middle-income economies?
-
Find the truth table that describes the following circuit: YO 20 D D D OF
-
1. What are some major problems with implementing the ideas of a human service model of employee supervision in criminal justice organizations? How would employees react to such a supervision model?...
-
AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost formulas and actual results for the month of February: Revenue Technician wages...
-
1. Briefly describe your business project. 2. What is the project's deliverable? 3. How would the work of this project differ from day-to-day business operations? 4. How would you categorize the...
-
Marriot Hotels and Resorts have decided to upgrade their entire Hotel Management Network and Application Infrastructure across 5 cities in Ontario. As part of this entire RFP procurement process, the...
-
A line has equation y = 2kx 7 and a curve has equation y = x + kx 3, where k is a positive integer. a) Find the value of k for which the line is a tangent to the curve. b) For this value of k, find...
-
Why is inventory management important for merchandising and manufacturing firms and what are the main tradeoffs for firms in managing their inventory?
-
If the price level was already doubling every month and inflation accelerating, what would you expect to happen to the velocity of circulation and why? How close would you expect the relation between...
-
Ask anyone if he or she has enough money. No one ever has enough money, that is, everyone demands more money. Thus theorizing about the demand for money makes no sense because this demand obviously...
-
Define the monetary base.
-
What are the main ethical issues that researchers may encounter when conducting business research and how can they address these issues ?
-
How has womens participation in the Olympics changed over the years? Explain
-
What is the Christian view of work according to the God is Not One: The Eight Rival Religions That Run the World.
Study smarter with the SolutionInn App