This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What are the distinctions between domestic and national, and gross and net? What will be an ideal ... (Read 138 times)

jilianpiloj

  • Hero Member
  • *****
  • Posts: 521
on: Jun 29, 2018
What are the distinctions between domestic and national, and gross and net?
 
  What will be an ideal response?

Question 2

Gross revenue minus explicit and implicit costs is equal to
 
  A) net worth. B) accounting profit. C) economic profit. D) opportunity cost.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

diesoon

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 29, 2018
Answer to Question 1

Domestic means that the production being measured is within a country no matter by whom; national means that the production is produced by residents of the nation anywhere within the world. Gross means before subtracting depreciation. Net means after subtracting depreciation. The terms apply to investment, business profit, and aggregate production.

Answer to Question 2

C


jilianpiloj

  • Member
  • Posts: 521
Reply 2 on: Jun 29, 2018
Wow, this really help

komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Heading for the ocean on a beach at the Pu'uhonua o Honaunau National Historical Park Heading for the ocean on a beach at the Pu'uhonua o Honaunau National Historical Park
The USGS National Shaking Hazard Map The USGS National Shaking Hazard Map
Video: Neural regulation of blood pressure - baroreceptor and chemoreceptor reflexes

For a complete list of videos, visit our video library