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In the treatment of US exports and imports national income accountants should?
In the treatment of U.S. exports and imports, national income accountants:
To avoid multiple counting in national income accounts only?
Primary, intermediates, and final goods and services should be counted.
National income accountants define investment to include?
any increase in business inventories.
What is an example of double counting in National Income?
cotton output and cloth output.
What are the disadvantages in using national income?
One disadvantage of using national income is that it is often difficult to tell between final goods and intermediate goods. Another disadvantage is problems with double counting.
An account earns 3460 per month after receiving a 6 percent raise what was the accountants monthly income before raise?
let accountants monthly income before raise in income be x then x + 6x\100 = 3460 106x/100 =3460 x = 3264.15 therefore accountants monthly income before raise was 3264.15
Why transfer payments no inculuded in nation income?
Transfer payments, such as social security benefits or unemployment compensation, are not included in national income because they do not reflect the production of goods or services. Instead, they are redistributions of income from one group to another, often funded by taxation. Since they do not contribute to the economy's overall output, counting them would inflate national income figures without indicating actual economic activity. Thus, national income focuses on the value added through production.
What are the Importance of national income with the national income concept?
the national income is that by the means of national income v can know that how much the income of country and v can find the national income dedact the all rents allowences paymants salaries and wages
Why national income is important?
bcoz its national income
What is national income and per capita income?
National income- total income of the country Per capita income- average income of the country
The role of accountants in financial insitute?
They are in charge of the numbers. They track all the income/spending to tell you how well your company is doing. Cost accountants - tell you how much your product costs. Tax accountants - prepare the tax returns (Federal, State, etc.)
Explain the importance of national income?
importance of national income.
