The following are some of the national income accounts for the country of Alder (all figures are in $billions):
From this information,find the value of:
a)consumption
b)GDP
c)national income
Definitions:
Working Capital
The difference between a company's current assets and its current liabilities.
Current Assets
Resources anticipated to be turned into cash, sold, or used up within a year or over the course of an operating cycle, depending on which period is greater.
Unearned Revenues
A liability recorded for cash received before services are performed.
Income Statement
A financial statement that shows a company's revenues and expenses, and ultimately its net income or loss, over a specific period.
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