What Is Gross Domestic Product

question 180

Essay

What is Gross Domestic Product?
What is included in this statistic?
What is excluded?
Give two examples of goods or services that are included in GDP and two examples of goods or services that are excluded.

Comprehend the validity and enforceability of electronic communications in international trade according to international conventions.

Understand the role of the United Nations Convention on the Use of Electronic Communications in International Trade (ECC) and other conventions on international business practices.

Analyze regulatory efforts to tax e-commerce transactions and the impact on online travel companies.

Understand the purpose and legal status of international conventions issued by the United Nations Commission on International Trade Law.

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Definitions:

Pre-acquisition Entry

An accounting entry made to adjust the values of the acquirer's and acquiree's assets and liabilities to fair value at the acquisition date.

Non-current Assets

Assets held for long-term use in business operations, not expected to be converted into cash within the next year.

Bonus Dividends

Additional dividends paid to shareholders, above regular dividends, typically issued in the form of extra shares.

Revaluation

An adjustment of the carrying value of an asset or liability to its current fair value.