Let c stand for consumption spending, i for investment, g for government purchases, x for exports, im for imports, di for disposable income, and nt for net taxes.
consider the following identity and answer the questions that follow.
c + i + g + (x - im) = di + nt
which of the following best characterizes the above identity?
a. national income must equal domestic product.
b. domestic product must exceed national income.
c. domestic product must equal the total amount of leakages from the nation's flow of income and expenditures.
d. domestic product must equal the total amount of injections into the nation's flow of income and expenditures.
true or false: imports must equal exports.
a. true
b. flase

Which of the following would indicate an improvement in a company's financial position, holding other things constant? a. the inventory and total assets turnover ratios both decline. b. the debt ratio increases. c. the profit margin declines. d. the times-interest-earned ratio declines. e. the current and quick ratios both increase.

Adecision is made at the margin when each alternative considers

Prepare the operating activities section—indirect method.(lo 4), apthe income statement of paxson company is presented here. paxson companyincome statementfor the year ended november 30, 2014sales revenue $7,600,000cost of goods sold beginning inventory$1,900,000 purchases4,400,000goods available for sale6,300,000 ending inventory1,600,000total cost of goods sold 4,700,000gross profit 2,900,000operating expenses selling expenses450,000 administrative expenses700,0001,150,000net income $1,750,000additional information: prepare the operating activities section—indirect 1. accounts receivable decreased $380,000 during the year, and inventory decreased $300,000.2. prepaid expenses increased $150,000 during the year.3. accounts payable to suppliers of merchandise decreased $350,000 during the year.4. accrued expenses payable decreased $100,000 during the year.5. administrative expenses include depreciation expense of $110,000.instructionsprepare the operating activities section of the statement of cash flows for the year ended november 30, 2014, for paxson company, using the indirect method. net cash provided $1,940,000