c. The amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed.
GDP is the calculation of the total goods and services produced in one year. It measures the economy's size and compares how the economy performs in other countries. GDP is measured in three different ways, as the value of goods and services produced, as domestically produced goods and services spending, and as a factor income from firms. With the value of goods and services produced, GDP is calculated by adding the goods and
Gross Domestic Product or GDP, represents all the goods and services produced within a country’s borders. Measurement of gross domestic products is based on consumption, government spending (at all levels of government), investment, and exports minus imports. The formula for GDP is C + G + I + (X – M). (Colorado Technical University [CTU], 2016). According to the given information the formula for Country A the GDP would be
GDP, or gross domestic product, is the sum total value of all goods and services produced by a country within a given year. To achieve this sum, everything produced and exported, all of the money spent by consumers and government, investments, and many other contributing factors are calculated and combined. A nation’s GDP is used as the main indicator of the economic status of that nation. In general, the higher a country’s GDP is, the greater the health of that country’s economy. However, GDP is not as helpful or accurate a calculation as “real GDP”. Real GDP is a term that refers
$ Inventory 1 July 2010 Purchases (all credit) Sales (all credit) Inventory 30 June 2011 The company’s mark-up is 50% on cost Required: a) Assuming all purchases and sales were in
As we all know, measuring Gross Domestic product is usually complicated. However, this can be done through three means. The GDP calculation techniques include expenditure method, the product technique
Consider the following table: APPLES ORANGES Year Production/Price Production/Price 1995 20/ $0.50 10/$1.00 2000 10/ $1.00 10/$0.50 If 1995 is the base year, what is the GDP deflator for 2000?
The definition of GDP is composed of four parts. Firstly, we have to take into consideration the market value of the products. Froyen (2009) states that in order to gain the market value of the product we have to times the number of products produced the market by the prices they are traded at for e. g. Each unit of