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PSYCHO15rus [73]
3 years ago
6

Discuss whether the following are included in the GDP: 1) Tires Ford buys to put on a car. 2) A used tire you buy for your perso

nal car. 3) A new tire you buy for your personal car. 4) The value of a car produced in the United States and exported to England. 5) The profit earned in 2004 sale of a house you purchased in 2001. 6) The commission earned by an employment counselor when she locates a job for a client.
Business
1 answer:
AVprozaik [17]3 years ago
5 0

Answer:

1) Tires Ford buys to put on a car. - Included in GDP assuming that the tires are new, and produced domestically.

2) A used tire you buy for your personal car. - Not included because purchases of used goods are not part of GDP (they were produced in previous years, hence, were already calculated in a previous GDP).

3) A new tire you buy for your personal car. - Included in GDP because the tires are new.

4) The value of a car produced in the United States and exported to England.  - Included in the U.S. GDP and excluded from the British GDP.

5) The profit earned in 2004 sale of a house you purchased in 2001. - Not a part of GDP because the house was built in 2001, thus, its value is already part of the 2001 GDP.

6) The commission earned by an employment counselor when she locates a job for a client. - Commission is included in wages, one of the elements of GDP, therefore, they are included.

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Answer:

c. $229

Explanation:

To compute the total absorption cost per unit we do the following,

Absorption of fixed costs = Fixed costs / units produced

Absorption cost = 200,000 / 4000 = $50/unit

Total cost of each individual unit = 99 + 55 + 25 + 50 = $229

This includes direct material, direct labor, manufacturing overhead and the fixed absorption cost.

With absorption costing we take all the goods produced in a period as denominator for the Fixed costs.

Hope that helps.

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Expectancy theory is a thought method that emphasizes personal preference and the decision-making process. The process that different people go through when making decisions is outlined by expectancy theory. These options could be decisions for the real world, educational decisions, or fun decisions.

These people base their decisions on expectations of the outcomes of their decisions. We frequently make clothing decisions based on our desire to be both comfortable and ready for the day's events.

Learn more about managers with the help of the given link:

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2 years ago
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