1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
viva [34]
3 years ago
14

Classify the given goods according to whether or not they would be included in calculating the GDP for the United States. All go

ods should be placed. If a country is not specified, you can assume the action is performed in the United States.
Business
1 answer:
Blababa [14]3 years ago
7 0

Answer:

ITEMS TO BE INCLUDED IN THE GDP

1. Honda;s assembly and sales of cars in the U.S.

2. Old Navy Purchases mannequins to display clothes

ITEMS NOT TO BE INCLUDED IN THE GDP OF THE UNITED STATES

1. GM's Assembly and sales of cars in Mexico

2.Resale of used textbooks to college students

3. Ocean spray purchases plastic to make bottles

4. Sales of wheat to Mrs. Baird's Bakery

Explanation:

Completion of the Question is as follows:

The following should be placed into  two groups: Group  A represents items to be included in the GDP of the U.S and Group B represents items not be included in the GDP of the U.S.

The Items are as follows:

GM's Assembly and sales of cars in Mexico

Old Navy Purchases mannequins to display clothes

Resale of used textbooks to college students

Ocean spray purchases plastic to make bottles

Honda;s assembly and sales of cars in the U.S.

Sales of wheat to Mrs. Baird's Bakery

Solution

Gross Domestic Product (GDP)

The GDP of a nation is the measure of the market value all finished products, goods and services manufactured or rendered within the borders of a particular country and within a period of time usually one year.

This means that any good produced in another country for instance Germany will not be included in the GDP of the United States. Also, GDP considers only finished goods, hence, intermediate or raw materials for finished goods will also not be included in the GDP calculation.

Based on the explanation, the classification is as follows

ITEMS TO BE INCLUDED IN THE GDP

1. Honda's assembly and sales of cars in the U.S. - The cars were assembled in the United States which is a part of production, hence, they qualify for GDP calculation

2. Old Navy Purchases mannequins to display clothes- The Mannequins were bought as a company's finished products and will not be used to produce any new product. They are already in their finished form

ITEMS NOT TO BE INCLUDED IN THE GDP OF THE UNITED STATES

1. GM's Assembly and sales of cars in Mexico- General Motors assembled the cars in Mexico and this does not qualify as manufactured in the United States.

2.Resale of used textbooks to college students- The textbooks were already calculated for GDP in their year of production, hence, a resale value will not qualify for GDP calculation

3. Ocean spray purchases plastic to make bottles - The plastic purchased represent intermediate goods for further processing of bottles, they are raw materials and not finished goods.

4. Sales of wheat to Mrs. Baird's Bakery - The wheat purchased represent intermediate material for further processing of bread, it is a raw material required to produce a finished product - bread.

You might be interested in
Suppose C1 and C2 form a partition of sample space S. Suppose A and B are two events such that the following statements are true
kirza4 [7]

Answer:

Option b. A and B are conditionally independent given C2.

Explanation:

The conditional probability of an event is the probability that a given event will occur given that another event, say A has already occurred.

In a case where events A and B are independent (in this case, where the probability of A has no  effect on the probability of B occurring), the conditional probability of an event B given that A has taken place is simply the probability of the event A.

If the two events are not independent, then the probability of an event occurs as an intersection of set A and B.

6 0
3 years ago
Hakimo Corp., a manufacturer of audio equipment, has developed a unique wireless speaker system that runs on solar power. The sp
Pavel [41]

Answer:

<u>discontinuous innovation.</u>

Explanation:

Discontinuous innovation occurs when a new product is launched in the market that influences the design of new consumption habits, new value and new market.

They can also be called radical technological innovation, as they not only add value to an existing product, but create a product that can meet needs that were not possible with a previous product, so it is justified to say that there is a new product and market, such as analog cameras and digital cameras.

There is greater risk and cost in creating a product of discontinuous innovation than incremental product continuation, because creating something new involves many processes, time and costs, and there is still the possibility that the product will not be accepted in the marketplace. Therefore, it is essential for the company to conduct research and development, marketing research, create something that adds value and has a low cost to consumers, and then invest effectively in discontinuous innovation.

3 0
3 years ago
​elena is a regular customer at cuppo' coffee. she is the first customer to enter the coffee shop every morning and spends $10 f
Vera_Pavlovna [14]

Answer:

The management can make Elena a loyalty card holder or loyalty program member.

Explanation:

A customer loyalty program refers to a kind of reward program offered by a company to it's those customers who frequently purchase it's products or avail it's services.

Usually, under such loyalty programs, a customer is provided with a loyalty card, wherein for each purchases he/she makes, some loyalty points are earned. These loyalty points can collectively be redeemed later on, in the form of discounts.

So, in the current case, since elena is a frequent buyer of coffee on routine basis, the management can include her in their customer loyalty program and provide her with a loyalty card.

Such card will provide her with rewards and would make her feel privileged, strengthen her bond of loyalty with cuppo' coffee and may lead to increased customer share.

4 0
3 years ago
Imagine you are presenting a recycling lesson to 3rd graders today and to senior adults at a community center tomorrow. How woul
Artist 52 [7]

Answer:

follow my insta ricardo.viteri_

Explanation:

7 0
2 years ago
Marginal utility is equal to which of the following? (A) total income divided by the price of the product (B) the change in tota
soldi70 [24.7K]

Answer: B- the change in total utility from consuming one more unit of a good 

Explanation: Marginal utility is the change in utility that arises from consuming one more unit of a good or service.

Utility is the total satisfaction that occurs from consuming a commodity or service.

Average utility is total utility divided by the number of goods consumed.

8 0
2 years ago
Other questions:
  • Which condition would not help to produce a test like environment?
    7·1 answer
  • 1.the biggest problem when using metals or cowry shells for trading is____
    12·2 answers
  • You've just learned that tuition and fees for the next semester are expected to increase by 15%. How do you think this will impa
    5·1 answer
  • A journal entry includes a debit to Salaries and Wages Expense of $5,000; a debit to Salaries and Wages Payable of $3,000; and a
    10·1 answer
  • When a firm produces one more unit of output the total revenue increases from $838 to $973, and the total cost increases from $5
    12·1 answer
  • One of the following is not involved in CVP analysis. a. sales mix. b. unit selling prices. c. fixed costs per unit. d. volume o
    10·1 answer
  • A company must account for a contract modification as a new contract if Group of answer choices the modification adds distinct g
    6·1 answer
  • Why is tikto* a cool app
    6·1 answer
  • As a member of the media audience, what are some ways you can control the persuasive process? Explain who you think has more pow
    12·1 answer
  • Can someone help me with these 2 questions
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!