Note: this is a multi-select question. there could be more than one correct answer.

an economist is using the output-expenditure model to calculate the gross domestic product (gdp) of a country over the course of a year. what information will the economist need to calculate the gdp? select all that apply.
the value of unsold inventory that businesses produced during that year

the total amount of money households deposited in banks during that year

the value of spending on final goods and services by households during that year

the types of barriers the country's government imposed on trade during that year

the total amount of tax revenue paid to the government by households during that year

Powell company began the 2018 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retained earnings. during 2018, powell experienced the following events: sold merchandise costing $58,000 for $99,500 on account to prentise furniture store. delivered the goods to prentise under terms fob destination. freight costs were $900 cash. received returned goods from prentise. the goods cost powell $4,000 and were sold to prentise for $5,900. granted prentise a $3,000 allowance for damaged goods that prentise agreed to keep. collected partial payment of $81,000 cash from accounts receivable. required record the events in a statements model shown below. prepare an income statement, a balance sheet, and a statement of cash flows. why would prentise agree to keep the damaged goods?