Examlex
A U.S.-owned automobile factory uses $50 million worth of materials produced in the U.S. and $10 million worth of material purchased from foreign countries to produce $100 million of automobiles. $70 million worth of these automobiles are purchased by U.S. consumers, $25 million are sold in foreign countries, and $5 million are added to inventory. How much of this production is included in U.S. GDP? By how much do these transactions alone affect U.S. net exports?
Custodial Services
Services related to the cleaning and maintenance of buildings and facilities.
Square Feet
A unit of area measurement equivalent to a square that measures one foot on each side.
Direct Method
A way of preparing a cash flow statement where actual cash flow information from the company’s operations is used, directly showing cash receipts and cash disbursements.
Machine Hours
A measure of production output based on the amount of time machinery is operated.
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