2. Practice calculating the U. S. GDP over the years. a) Complete the following table.
Note: Figures are in billions of dollars
Year Consumer Investment Government Exports
Spending by Business Spending Minus
Imports
GDP
2002
7,384.1
1,925
2,094.9
-426.5
2006
9,304
2,680.6
2,642.2
-770.9
2010
10,202.2
2,100.8
3,174
-512.7
2014 11,928.4 2,855.8
Source: U. S. Government Publishing Office
3,174.5
-538

Net income and owner's equity for four businesses four different proprietorships, jupiter, mars, saturn, and venus, show the same balance sheet data at the beginning and end of a year. these data, exclusive of the amount of owner's equity, are summarized as follows: total assets total liabilities beginning of the year $550,000 $215,000 end of the year 844,000 320,000 on the basis of the preceding data and the following additional information for the year, determine the net income (or loss) of each company for the year. (hint: first determine the amount of increase or decrease in owner's equity during the year.) jupiter: the owner had made no additional investments in the business and had made no withdrawals from the business. mars: the owner had made no additional investments in the business but had withdrawn $36,000. saturn: the owner had made an additional investment of $60,000 but had made no withdrawals. venus: the owner had made an additional investment of $60,000 and had withdrawn $36,000. jupiter net income $ mars net income $ saturn net income $ venus net income $

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a

At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was: