Used goods are not included in the current year GDP, as they were already included in the year that they were produced. GDP stands for Gross Domestic Product, and includes the values of goods and services created that year in that specific country alone.
Answer:
New firms entering into a market characterized by monopolistic competition must differentiate their products from the competition by establishing their own brands.
Explanation:
There are four main characteristics of a monopolistic competitive market. They are large numbers of buyers and sellers; perfect information; low entry and exit barriers; and similar but differentiated goods. Monopolistic competition is a market structure where the firms offer similar but branded products which differentiate one firm's product from the other. This implies that there is competition but because of the presence of brands, firms cannot compete directly with one another.
Answer:
$15,000
Explanation:
Calculation to determine what Legion should pay as cash interest for the six months ended June 30, 2021
Cash interest for the six months ended June 30, 2021 =$300,000*10%*6/12
Cash interest for the six months ended June 30, 2021=$15,000
Therefore Legion should pay cash interest for the six months ended June 30, 2021, in the amount of $15,000
<span>Mathew is a manager at wonderworld hypermarket. he finds it difficult to cooperate and work with anthony when it comes to getting the work done to meet the targets. anthony is mathew's least preferred coworker. he describes anthony as gloomy, insincere, lazy, unfriendly and boring. in this context, mathew has a TASK ORIENTED leadership style</span>
Answer:
Amount added in GDP = $2200.
Explanation:
Given:
Spend on treasury bond = $1,000
Spend on tires = $1,200
Find:
Amount added in GDP
Computation:
Amount added in GDP = Consumption + investment
Amount added in GDP = $1200+$1000
Amount added in GDP = $2200