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Today, total goverment purchases represent about 18% of GDP.

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13y ago

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What are the four major uses of total output?

consumption, investment, government purchases, and net exports


Why is bills payable debited in purchases control accounts?

Bills payable are debited in purchases control accounts to reflect the reduction in liabilities when goods are purchased on credit. This entry indicates that the company now owes money to suppliers for those purchases, which increases the total purchases recorded in the control account. Debiting bills payable helps maintain accurate financial records by ensuring that expenses and liabilities are properly matched and accounted for.


Does profit enter into price?

Yes sales price already accounted for the percentage of profit as formula for selling price as follows: Sales price = Total Cost + Profit margin


In 2010 net imports of energy accounted For what percentage of all in the us?

In 2010, net energy imports accounted for approximately 49% of total U.S. energy consumption. This marked a period of relatively high dependence on foreign energy sources, particularly oil. However, the percentage has fluctuated over the years due to changes in domestic production and consumption patterns.


What is national expenditure?

It is the total expenditure for all kinds within the economy that is public and private. The national expenditure =Consumption+Investment+government purchases.


Where do you find credit purchases in financial statements?

Credit purchases are shown in income statement as a part of total purchases.


What percentage of electricity is produced by solar energy in the US?

According to US Energy Information Administration data for 2009, solar energy (based on electricity net generation kilowatthour billion figures) accounted for just 0.2% of total renewable electricity generated in 2009 and just 0.02% of total electricity generated in 2009. All renewable sources (mostly sourced from hydroelectric) accounted for 10.7% of total electricity generated.


What is public savings?

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How can government actions or policies influence aggregate demand?

Government actions can control or influence the aggregate demand of its country by controlling pricing. Aggregates are the total amounts of goods that a country purchases for various things.


Is net purchases the same as purchases?

Net purchases are not the same as purchases. Purchases refer to the total amount of goods or services acquired by a company during a specific period, while net purchases take into account any returns, discounts, or allowances that may have been deducted from the total purchases. In other words, net purchases represent the final amount paid for goods or services after adjusting for any deductions.


In 2002 the state courts accounted for what percent of total convictions in the US?

94%