Answer:
a)
<em>The value added at each stage</em>
Stage Value added($)
1 1000
2 (2000-1000) = 1,000
3 (6,000- 2000) = 4,000
4 (10,000 - 6,000) = 4,000
b)
The amount by GDP is increased = $10,000
c) Reduce GDP
Explanation:
Gross domestic product (GDP) which is the total market value of all the final goods and services produced in a country over a given period of time. The GDP can be calculated using the value added approach.
Here the GPD figure is ascertained by summing the amount of additional value created by each factor of production at each stage of the production process of the final product.
a)
<em>The value added at each stage</em>
Stage Value added($)
1 1000
2 (2000-1000) = 1,000
3 (6,000- 2000) = 4,000
4 (10,000 - 6,000) = 4,000
b)
The amount by GDP is increased = $10,000 which is the total value added or the market value of the final goods
c)
If the lumber were imported it would be deducted from the value of export and thus reduce GDP. Remember that GDP is the market value of all good and service produced within a given country over certain period of time .
Answer:
A B
A concentration ratio is used to measure... market dominance
Percentage of total industry output accounted for by the largest firms in the industry is termed... the concentration ratio
The sum of the squared market shares of each firm in an industry is termed ... the Herfindahl-Herschman Index
Explanation:
Answer:
Answer of the question :
"For the final piece of your Portfolio Project, you will reflect upon the course and how it directly relates to your future workplace. This reflection will be delivered as a Word document 1-2 pages in length. For this reflection: a) Analyze the importance of this project to your future career. b) In your own words reflect on how this project meets the Program and Institutional outcomes as stated on the first page."
is explained in the attachment.
Explanation:
Entrepreneurs can avoid getting 'caught up in the hype' surrounding their product or service by always maintaining a level head and not obtaining an ego.
Answer:
$18,000.
Explanation:
Beginning basis (carryover from machine)
$30,000
Plus: share of partnership liabilities
4,000
Minus: liabilities assumed by others partners
(16,000)
Rashad's basis
$18,000
