Swifty Corporation started the year with $45600 in its Common Stock account and a credit balance in Retained Earnings of $33400. During the year, the company earned net income of $36500 and declared and paid $15200 of dividends. In addition, the company sold additional common stock amounting to $21300. As a result, the amount of its retained earnings at the end of the year would be

1) u.s. real gdp is substantially higher today than it was 60 years ago. what does this tell us, and what does it not tell us, about the well-being of u.s. residents? what are the limitations of the gdp as a measure of economic well-being? given the limitations, why is gdp usually regarded as the best single measure of a society’s economic well-being? 2) what is an intermediate good? how does an intermediate good differ from a final good? explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of gdp, but the value of intermediate goods produced and not sold is included directly as part of gdp.