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3 years ago

Answer this question on the basis of the given information for an economy in 2016.

Business

1 answer:

barxatty [35]3 years ago

6 0

Answer: B. GO fell by $10 billion, while GDP was unchanged.

Explanation;

Gross Output is different from GDP in that where GDP only takes into account the dollar value of the final output so as to avoid double counting, the Gross Output takes into account those intermediate expenses and consumption that were used to create the final goods and services.

As such, if the dollar value of distribution activity fell to $70 billion then the Gross Ouput would also have to fall by the equivalent amount which in this case would be $10 million.

As all other values did not change, then neither did the dollar value of final output meaning that GDP did not change.

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Answer:

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3 years ago

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market development

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4 years ago

Scot and Tiffany create an implied-in-fact contract. The partiesâ€™ conduct:

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Demonstrates the existence of the contract and its terms

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3 years ago

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Anton [14]

Answer:

B. The elasticity of demand is -0.126

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3 years ago

Listed as follows are various costs found in businesses. Classify each cost as a fixed or variable cost, and as a product and/or

m_a_m_a [10]

Shipping costs on merchandise sold s an example of a variable cost

<h3>What is variable cost?</h3>

Variable costs are costs that change as the quantity of a good or service produced by a business changes. Variable costs are the total of marginal costs across all units manufactured. They can also be considered standard expenses. The two components of total cost are fixed costs and variable costs.

Variable costs are costs that change with volume. Raw materials, piece-rate labour, production supplies, commissions, delivery costs, packaging supplies, and credit card fees are examples of variable costs.

Formula for Variable Cost. To calculate variable costs, multiply the cost of producing one unit of your product by the total number of products produced. This formula is as follows: Total Variable Costs = Cost Per Unit x Unit Count

To know more about variable cost follow the link:

brainly.com/question/5965421

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2 years ago