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3 years ago

Which of the following would increase the government purchases component of U.S. GDP?

Business

1 answer:

Evgesh-ka [11]3 years ago

6 0

Answer:

Statement C

The U.S. federal government pays $3 billion in salaries to soldiers in the military.

Explanation:

The purchase component is a part of business investment while calculating the effect on GDP.

Under this all the cost incurred by the companies to produce the goods are included in such costs.

In the given instance, only salary is paid at the time of production, and thus, this will form part of purchase component of GDP.

Amount paid as salary to soldiers in the military is the correct option, as it will increase the purchase component.

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Elise is the manager in the finance department for a company that competes in a service industry. If her company is like most co

nata0808 [166]

Answer:

This statement is False

Explanation:

One of the characteristics of the modern day service industry is Division of Labor. Thus, Elise would not leave almost all aspects of human resources functions to specialists. This is the decision of a human resources manager and not Elise who is the finance manager. The jurisdiction of her duty and reporting line does not allow such to happen.

4 0

3 years ago

17. Which activities are associated with the acquisition and disposal of long-term assets (for example the purchase of equipment

valina [46]

Answer:

B) Investing Activities

Explanation:

Investing activities deal with cash transactions involving movement of items of Property, Plant and Equipment. These transactions include purchase costs and sale proceeds of assets.

8 0

3 years ago

Suppose that Ava withdraws $300 from her savings account at Second Bank. The reserve requirement facing Second Bank is 10%. Assu

zepelin [54]

Answer:

Change in Reserves: –$30

Change in Deposits: –$300

Change in Loans: –$270

Explanation:

The calculation of each element of the balance sheet is as follows:

Change in Reserves = Amount withdrawn by Ava * Reserve requirement faced by Second Bank = $300 * 10% = $30. This is a reduction and will be negative in the Second Bank's Balance Sheet.

Change in Deposits = Amount withdrawn by Ava = $300. This is a reduction and will be negative in the Second Bank's Balance Sheet.

Change in loan = Amount withdrawn by Ava - Change in Reserves = $300 - $30 = $270. This is a reduction and will be negative in the Second Bank's Balance Sheet.

4 0

4 years ago

You decide to buy a new car. You talk to friends about it, research mechanical specifications in Consumer Reports, test drive di

inysia [295]

Answer: (A) Shopping product

Explanation:

The shopping product is refers to the products that are purchased by the customer by proper research and comparing the products with all the other brands in the market.

While purchasing the product and the customers plan and needs time for taking the final decisions for buying the specific products. There are basically two types of shopping products that are:

The heterogeneous shopping products
The homogeneous shopping products

Therefore, Option (A) is correct.

4 0

3 years ago

A firm's total revenue in perfect competition is:_______

schepotkina [342]

Answer:

A) a linear, B) downward-sloping line.

Explanation:

As the company would maximize its profit thus it divides the total revenue by quantity. As a form in a competitive market with the perfect competition, it has a profit which is completely revenu to the total costs. Which is calculated by the formula:

Total Revenue = Price * Quantity

The Average Revenue will be = Total Revenue / Quantity

The Marginal Revenue shall be = Change in Total Revenue / Change in Quantity of the product.

The AR will be the amount of revenue a company receives for each unit of output. The MR will be the change in the total revenue of output sold.

For the perfect competition, both the AR and MR will be equal to price.

7 0

4 years ago