The largest percentage of gross domestic product (GDP) is

a. imports

b. consumer spending

c. government spending

d. exports

6. What is the average tax rate? Tax rate multiplied by the next dollar of taxable income Tax rate divided by the next dollar of taxable income Total taxes paid divided by the total taxable income Total taxable income multiplied by total taxes paid

Suppose a small economy produces only MP3 players. IN year 1, 10,000 MP3 players are produce and sold at a price of $100 each. in year 2, 12,000 MP3 players are produced and sold at a price of $80 each.

What matters to people is the face value of money or income. a. True b. False?

For a competitive market, a. a seller can always increase her profit by raising the price of her product. b. a single buyer can influence the price of the product but only when purchasing from several sellers in a short period of time. c.

The internal rate of return (IRR) is that discount rate that equates the present value of the cash outflows (or costs) with the present value of the cash inflows, or in other words, where the NPV is exactly zero. True Or False?

All of the following are true of the effect of fair value accounting on the financial statements except a. changes in the fair value of trading securities are recognized on the income statement b.

Are morality & ethics the same thing?

Canliss Mining Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $10,000 not due for three years. The interest rate on the note is 7%.

John recently accepted a job in the marketing department with the burbank bagel boys. after just a few days on the job, john learned that the company has many layers of management, and seems to have a rule to cover almost every situation.

Leilani enters into a contract with Metro Taxi Company to work as a cabdriver. Under the plain meaning rule, if the contract's writing is clear and unequivocal, the meaning of the terms must be determined from a. any relevant extrinsic evidence. b.