What categories of goods and services are not included in GDP? What are the components of gross domestic product (GDP) using the expenditure or income approach? Which equation represents the relationship between GDP and the four major expenditure components?
What are the main categories of government revenue? Government Spending & Revenue Government Spending is the expenditure made by the government, i.e., the expenditure incurred by Public Authorities for the welfare of the citizen of the country. Government Revenue ...
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Income can be broken up into different categories just like revenue: Gross Income: Gross income is the total income recorded before any taxes and expenses are deducted. Gross income may also be referred to as gross profit or gross margin. It's found on the income statement. Net Income: Ne...
Return ratios are metrics that compare returns received to investments made by bondholders and shareholders. They reflect how well a business manages the investments to produce value for investors. Types of Profitability Ratios Profitability ratios generally fall into two categories—margin ratios and ret...
The GDP represents the combined monetary value of all services and good produced in a specific period, and in a way, represents the size of the economy. There are four categories included in the GDP used to measure economic production and growth. Private Consumption Expenditures A category of ...
Answer: B Topic: Factors of Production Skill: Recognition Status: Previous edition, Chapter 1 AACSB: Reflective Thinking 21) Factors of production are grouped into four categories: A) land, labor, capital, entrepreneurship. B) land, labor, capital, money. C) land, capital, money, ...
If you want to buy a house, but you think a mortgage might eat up too much of your monthly income, there are ways to lower your payment. You could: Work on your credit score:A better credit score will earn you a lower interest rate, and even a slightly lower rate can mean a much...
What Are Quarterly Taxes? 7 min read Whether you’re totally self-employed or have a lucrative side hustle, you might have to make quarterly estimated tax payments to the IRS. Get all the facts you need to know on quarterly taxes.
“Bank of America” and “BofA Securities” are the marketing names used by the Global Banking and Global Markets division of Bank of America Corporation. Lending, derivatives, other commercial banking activities, and trading in certain financial instruments are performed globally by banking affiliates...