GDP stands for gross domestic product. The GDP allows economist to measure the market value in terms of money. They are measuring the final good or service that is being offered to a customer over any given time.
Since the first bag of flour is being sold to a bakery to make bread from and sell for $4.00 the GDP of this item is $4.00 because that is the cost a customer is paying.
The second bag of flour is sold to a customer for $2.00 in a grocery store and is the final cost a they are paying.
In this scenario, the GDP for the two products being sold to a customer is $6.00.
Answer:
Opposite of left, right. Opposite of right, left
I lost some brain cells O.O
Answer: long-term relationships and commitments.
Explanation:
Just in time typically implies long-term relationships and commitment. It requires a good understanding of the supplier and the manufacturer in terms of the quantity and the swiftness with material delivery. When there is a misunderstanding between the manufacturer and the supplier, delivery cones to a halt. This is why there's a need for a long lasting relationship and commitment.
Based on the bid quote given on the Canadian dollar, and the bid-ask spread, the ask rate would be $1.15.
<h3>What is the ask rate?</h3>
When given the bid-ask spread and the bid quote, the ask rate is:
= Bid quote x ( 1 + bid-ask spread)
Solving gives:
= 1.1448 x (1 + 0.5%)
= 1.1448 x 1.005
= 1.150524
= $1.15 2 d.p.
Find out more on the ask rate at brainly.com/question/13185509.
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