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Oliga [24]
3 years ago
8

Suppose GDP in this country is $1,330 million. Enter the amount for government purchases. National Income Account Value (Million

s of dollars) Government Purchases ( G ) A. Taxes minus Transfer Payments ( T ) B. 455 Consumption ( C ) C. 700 Investment ( I ) 280
Business
1 answer:
elena-14-01-66 [18.8K]3 years ago
3 0

Answer:

$350 million

Explanation:

the formula for calculating GDP is consumption + investment + government spending + net exports, since apparently this is a closed economy with no exports or imports, the formula should be:

GDP = C + I + G

  • GDP = $1,330 million
  • C = $700 million
  • I = $280 million

G = $1,330 - $700 - $280 = $350 million

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Answer:

358.33 times

Explanation:

The computation of the simple forecast combination is shown below:

= (Forecast sales done by Mary + Forecast sales done by Susan + Forecast sales done by Sarah) ÷ (Total number of observations)

= (341 + 535 + 199) ÷ (3)

= (1,075)  ÷ (3)

= 358.33 times

We simply divided the total sales forecasted done by each one by the total number of observations

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Answer:

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Answer:

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Does this​ "stiff competition" mean that the demand curve for​ McDonald's Chicken McNuggets is​ horizontal? Briefly explain.
blagie [28]

Answer: I found the complete question on Google:

By 2017, McDonald's had stopped selling Chicken McNuggets and other products made from chickens fed antibiotics. The change increased McDonald's costs, but an article in the Wall Street Journal noted that "...McDonald's ability to raise its prices is limited because of stiff competition."Source: David Kesmodel, Jacob Bunge, and Annie Gasparro, "McDonald's to Curb Antibiotics in Chicken," Wall Street Journal, March 4, 2015. Does this "stiff competition" mean that the demand curve for McDonald's Chicken McNuggets is horizontal? Briefly explain.

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In an unregulated, competitive market consumer surplus exists because:___________.
Paha777 [63]

Answer: some consumers are willing to pay more than the equilibrium price.

Explanation:

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In an unregulated, competitive market consumer surplus exists because some

consumers are willing to pay more than the equilibrium price.

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