Answer:
Yes, This is True.
Explanation:
Marginal cost is the cost of one additional unit. The marginal cost curve will slope upwards because firm will pay more wage to the worker who produce more output. This can be regarded as the increase in output leads to increased wage rate. The marginal cost curve will be upward sloping because there will be addition to the marginal cost due to increase in one unit of output.
Answer:
adding up consumption, investment, government expenses, and net exports
adding up the market prices of final goods and services produced in the US
adding up the incomes of producers and taxes paid to the government
Explanation:
GDP is measured by three approaches, namely production, expenditure, and income.
In the <u>expenditure approach</u>, GDP is obtained by the formula GDP = C + G + I + NX, where c is consumption. G is government spending, I investment, and NX is net exports. Net export is the difference between imports and exports. The expenditure approach is also the consumption approach.
The <u>production approach c</u>alculates GDP by adding up the value of finished products. The Approach considers new products meant for consumption to avoid double counting.
The <u>income approach</u> recognizes the fact that expenditure is somebody's else income. Income considered includes wages paid to labor, the return on capital in the form of interest, the rent earned by land as well as corporate profits.
Answer:
You suck!!
I new I should of flagged you!
Making your project// company important fo the society and other business.
