-Imagine you are tutoring a classmate in the four algebraic processes. Define each process and
provide an example of each.
-FOIL is used to multiply binomials and factor trinomials. Provide an example of using the FOIL
(first, outer, inner, last) method to multiply binomials and factor trinomials. Explain the
relationship between simplifying expressions with parentheses and factoring.
Solution
Use FOIL to multiply:
(4x.
-In the United States, gross domestic product (GDP) I. Includes o.pdf
1. -In the United States, gross domestic product (GDP):
I. Includes only final goods and services
II. Includes only goods and services produced by U.S. companies
III. Measures the market value of output
IV. Only includes output produced within the United States
a. I, II, III, and IV
b. I, III, and IV only
c. I and II only
d. III and IV only
And which of the following activities would be included in the calculation of U.S. gross
domestic product in 2004?
a. An automobile dealer sells a Toyota Prius on Jan. 19, 2005. The car was built at a
manufacturing facility in Kentucky on Oct. 3, 2004.
b. A farmer harvests two tons (4,000 pounds) of potatoes on June 5, 2004, and sells the
potatoes to McDonald's for 30 cents per pound.
c. An accountant starts a client's 2004 tax return on April 14, 2005, finishing it just
before midnight on April 15, 2005.
d. The Jones family buys an antique silver service at an auction on March 21, 2004.
Solution
Option ‘b’ is correct.
Reason: Gross domestic product (GDP) in the U.S is the market monetary value of all final
goods and services produced within the country in a specific time period.