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
Allushta [10]
3 years ago
8

Imagine a company that sells hammers charges customers $10 for each hammer. To make the hammer the company spends $7 on input co

sts (materials, machines, etc.). Which method for calculating GDP focuses on gathering data on the difference between the final cost of the hammer and the input costs ($3)?
Business
1 answer:
Luda [366]3 years ago
7 0

Answer: Production Method

Explanation: Gross domestic product, also known as GDP, calculates the total value of products and sevices that are produced in an economy. This in turn measures the total income of a country.

The method that applies in this scenario is the production method. This method focuses on goods, by looking at its final value after deducting the input costs, also known as intermediate goods. Input costs (or intermediate goods) are the cost of materials that were used to make the final product, i.e. the production costs. Once the input costs are deducted from the total value of the goods , what remains becomes the actual income of the goods, the final cost, which is then added to GDP.

You might be interested in
At the onset of the recent economic slowdown, prices at the grocery stores continued to rise. in some cases, products such as mi
zhuklara [117]
<span>The economy was slowing, but prices were rising, signifying the potential for  stagflation.
</span>Stagflation is term used in economics to denote economic situation characterized with  high unemployment, rising prices, economic growth. This situation occurs when the overall price level rises rapidly. In our case, <span>"the price of eggs was up 40% and milk was up 26%., which means that the prices raised rapidly.</span>
5 0
3 years ago
A Co. showed the following values for its inventory as of the end of its fiscal year: Historical cost $100,000 Current replaceme
Levart [38]

Answer:

$90,000

Explanation:

The reason is that the International Accounting standard IAS 3 Inventories says that the asset must be reported at lower of:

Cost &

Net realizable value

Here the cost is $100,000 and NRV is $90,000, which means that the inventory must be reported at $90,000 which is the lower value.

4 0
3 years ago
Read 2 more answers
Prompt<br> What does the human resources department of a company do?
djverab [1.8K]

Answer: Human resources specialists are responsible for recruiting, screening, interviewing and placing workers. They may also handle employee relations, payroll, benefits, and training. Human resources managers plan, direct and coordinate the administrative functions of an organization.

Explanation: I used google to find my answers!

6 0
3 years ago
Headers and footers are handling instructions. True False
prohojiy [21]

Answer:

False

Explanation:

3 0
3 years ago
Read 2 more answers
In which business did andrew carnegie create a monopoly?the steel businessthe oil businessthe automobile businessthe telephone b
Svetlanka [38]

The steel industry provides the solution. The Carnegie Steel Company was started by him.

In Braddock, Pennsylvania, Carnegie started constructing his first steel factory, the Edgar Thomson Steel Works, in 1872. In 1874, the Thomson Steel Works started making rails. The mill produced inexpensive steel that was sold for a significant profit in the expanding markets of industrial expansion thanks to a combination of low labor, efficient technical infrastructure investment, and an efficient organization. By himself, Carnegie calculated a return on investment of 40%, or a profit of $40,000 from a $100,000 investment in the mill.

The Edgar Thomson Steel Works' profits were sizable enough to allow Carnegie and his business partners, Henry Clay Frick, his cousin George Lauder, and Henry Phipps Jr., to purchase more local steel mills.

Learn More about Carnegie:

brainly.com/question/10737647

#SPJ4

3 0
2 years ago
Other questions:
  • 1. Assume a friend of a friend wants to borrow a moderate amount of money from you. List the information you would want to know
    9·1 answer
  • What is a caterer what is his job
    7·1 answer
  • The proper style for an argumentative essay is?
    10·2 answers
  • You run a small auto service shop. Your fixed expenses per week are $1,000 and your average customer invoice is $500 with an ass
    8·1 answer
  • There are several reasons why the petty cash fund would experience a shortage or an overage. Determine which of the actions belo
    12·1 answer
  • Uber is a tech company that connects its mobile phone app users who have a trip request with nearby Uber drivers who use their o
    15·1 answer
  • Write about the factors that affect the process of planning.​
    13·1 answer
  • Which of the following is not a characteristic of an organizational objective?
    11·1 answer
  • Cartels in the United States are a. legal if price is competitively determined. b. legal if all firms in the industry agree to t
    5·1 answer
  • What's the permanent marker used primarily for marking datums when measuring elevation?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!