Answer:
$1,050
Explanation:
Value Added Approach to calculating the GDP avoids double counting by adding only the value addition of all firms in an economy to obtain the GDP. Value addition for each firm can be calculated by deducting the intermediate purchase of each firm from its intermediate sales as follows:
Firm X value addition = ($250 * 3) - $400 - $200 = $750 - $600 = $150
Firm Y value addition = ($250 * 4) - $250 - $250 = $1,000 - $500 = $500
Firm Z value addition = (500 * 2) - $100 - $500 = $1,000 - $600 = $400
Therefore, we have:
The economy's GDP = $150 + $500 + $400 = $1,050
Option C is cotrrect answer - $304.50
<u>Explanation:</u>
The mean is calculated by adding all the values and then dividing it by the number of units. In general terms mean is also called as an average.
As per the given question:
Mean cost of repairing a starter of four multifarious vehicles is to be found out
The cost given are : $316, $443, $249, $210, Number of vehicles = 4
In order to calculate mean, first of all, sum has to be found out of four vehicles
Sum = $316+ $443+ $249+ $210 = $1218
Now, this sum is to be divided by the number of units that is 4 = $1218 divided by 4 = $304.50
Hence, mean = $304.50
Answer:
$20,800,000
Explanation:
Total sales, 80 million
20 million from internet sales
Objective an increase in internet sales by 4 percent
the objective was met, sales from the internet will be,
20 million is the current level
an increase of 4 % is calculated as
= $20,000,000 + ( 4/100 x 20,000,000)
= $20,000,000 + $800,000
=$20,800,000
<u>Included in the GDP of the U.S</u>:
- Honda assembly and sale of cars in the U.S.
- Old Navy purchases mannequins to display clothes
<u>NOT included in the GDP of the U.S:</u>
- Sales of wheat to Mrs. Baird's Bakery.
- Resale of used textbooks to college students.
- GM's assembly and sale of cars in Mexico.
- Ocean Spray purchases plastic to make bottles.
<u>Explanation</u>:
Gross Domestic Product (GDP) helps in measuring the production of goods and services in the country. The economic growth of the country is estimated by observing the GDP. One way to increase GDP is by increasing the literacy rate of the country.
Based on the given goods, the following can be included in the GDP of United States of America:
Assembly and sale of cars by Honda company in America.
Mannequins are purchased by Old Navy to display clothes.
Answer:
A) $50
Explanation:
Differential cost: It is that cost which shows a difference between two alternatives choices. The benefit which comes after the exchange of alternatives would be termed as differential cost.
In mathematically,
Differential cost = Buying model - usage model
= $700 - $650
= $50
