This question examines the expenditures approach to calculating GDP. You will use data on different macroeconomic expenditures to calculate the value of nominal GDP, and its four components, in a particular year. Below, you are provided data on macroeconomic expenditures last year in Asartaland:
Durable Goods: $25 Imports: $6
Gross Investment: $23 Services: $20
Nondurable Goods: $18 Depreciation: $8
Exports: $11 Government Purchases: $35
Task 1: Calculate the value of consumption in the economy of Asartaland.
Task 2: Calculate the value of net investment in the economy of Asartaland.
Task 3: Calculate the value of government purchases in the economy of Asartaland.
Task 4: Calculate the value of net exports in the economy of Asartaland.
Task 5: Following the expenditures approach, calculate the value of nominal GDP of Asartaland.

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Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000