Answer:
Transactions included in the calculation of U.S. GDP:
Transaction C I G X M
1. X
2. M
3. I
4. C
5. G
Explanation:
a) GDP constituents:
Consumption (C) = private consumption expenditures by US households and non-profit-making organizations.
Investment (I) = business expenditures by profit-making organizations for purchase of capital goods or input for further processing.
Government purchases (G) = government spendings for public goods.
Exports (X) = Goods and services moved from the US to other countries.
Imports (M) = Goods and services from other countries into the US.
Answer:
The social grants that were awarded by the federal government during the coronavirus lockdown had a very positive impact on the people who lost their jobs during this pandemic.
Thus, the extraordinary income that these people received through checks issued directly by the federal government helped thousands and thousands of American families not fall into poverty, and could survive while keeping consumption and the economy active.
Answer:
In the Newsvendor model, the ordering decision is made before seeing the customer demand.
Explanation:
The newsvendor model is a mathematical model in operations management and applied economics used to determine optimal inventory levels. It is (typically) characterized by fixed prices and uncertain demand for a perishable product.
This model is also known as the newsvendor problem or newsboy problem by analogy with the situation faced by a newspaper vendor who must decide how many copies of the day's paper to stock in the face of uncertain demand and knowing that unsold copies will be worthless at the end of the day.
He should create a budget by listening and totaling his
income and his expenses. By knowing the difference between income and expense,
he knows how much he can afford to pay monthly for the new cellphone plan that he
wants
