Answer:
are equal to it's domestic production
Explanation:
A country's Gross Domestic Product (GDP) is defined as value of all goods and services produced in a country during a given time. Domestic production refers to those goods and services produced at home for local consumption.
Expenditure refers to the monies expended by all entities namely; household, firms and government on goods and services with a country.
When all the entities involved in generating a country's GDP spend their money towards purchasing goods and services produced in a country, then local producers would have more money to buy materials that will be used for further production. The higher the money spent, the higher the production and vice versa.
The above is a cycle that is repeated each time household, firms and government buys locally produced goods hence expenditure on a nation's domestic production equal to it's domestic production.
Answer:
The correct answer is: None of the above.
Explanation:
At its most basic, born global firms are those incorporated to engage international operations through the purchase and sale of goods between different countries. Companies established to handle domestic business that due to increasing demand, start international operations are not considered born global firms. Most born global firms start by exporting products. From there their inherent international nature.
No that is false. Because sports and entertainment usually are short lived while they are being performed they are considered perishable.
The potential benefits a person or business supplies when getting an
economic decision is called the opportunity cost.
<h3>What is an opportunity benefit in economics?</h3>
Opportunity cost is the decision that one takes in order to get something. The benefit is the decision that a person gives in personal or professional life.
If the outcome of the decision is in favor than the opportunity cost is in benefit and if the decision has consequences than the opportunity cost is in loss.
Thus, option C is correct.
For more details about Opportunity cost, click here:
brainly.com/question/20446148
#SPJ1
