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Jet001 [13]
3 years ago
12

Charles and Dina Bloom live in Swarthmore, PA. Dina's father, Gilberto, lives in Sweden. For each of the following transactions

that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M). Check all that apply.__Transaction C I G X M Dina's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. __Charles's employer upgrades all of its computer systems using U.S.-made parts. __The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. __Dina gets a new video camera made in the United States. __Charles buys a bottle of Italian wine.
Business
1 answer:
Reil [10]3 years ago
3 0

Answer:

Dina's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. EXPORT

Charles's employer upgrades all of its computer systems using U.S.-made parts. INVESTMENT

The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. GOVERNMENT PURCHASE

Dina gets a new video camera made in the United States. CONSUMPTION

Charles buys a bottle of Italian wine. IMPORT

Explanation:

The first example shows Dina's father consuming an US product. From the point of view of the US, this is an export. In order for Gilberto to consume a US product in Sweden, it had to be exported beforehand.

The second example shows typical investment. Charles's employer invested funds to improve his machinery in the company. This is a part of GDP that is crucial for the future prosperity of the US economy.

The third example shows the government upgrading US infrastructure. Therefore, it is a government purchase. This part of GDP usually improves public goods and infrastructure.

The fourth example shows a US resident consuming a US produced good. Therefore, it is an example of consumption, since the good does not come from a foreign country.

The last example is an example of import, since Charles uses a product that comes from a foreign country.

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3 years ago
a manufacturer reports the following costs to produce 11,000 units in its first year of operations: direct materials, $11 per un
DENIUS [597]

The total product cost per unit under absorption costing is: $75.

In absorption costing, the cost of every unit produced is worked out by adding up the direct cost of materials, direct labor, variable overhead, and the fixed overhead. Unlike in the case of marginal costing where the fixed cost is treated as period cost, in absorption costing, fixed cost is treated as a product cost.

The cost per unit

                                         $

Direct material                  28

Direct labor                       24

Variable overhead            10

Fixed cost                          13

Cost per unit                     75

Cost of Inventory

Number of units   = 1000

Cost per unit    = $75

Value = 1000 * $75 = $75,000

Learn more about absorption costing here:brainly.com/question/26276034

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5 0
1 year ago
Stock holders make money investing in stocks in all of the following ways excep what
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Answer: There are two ways to make money from owning shares of stock: dividends and capital appreciation. Dividends are cash distributions of company profits

3 0
3 years ago
A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera
ZanzabumX [31]

Answer:

$71,240

Explanation:

The computation of the total gross margin under absorption costing is shown below:

As we know that

Gross Margin = Sales - Variable Manufacturing Cost - Fixed Manufacturing Overhead For Units Sold

Sales (2,740 units × $131) $358,940

Less Manufacturing Costs  

Direct Materials (2,740 units × $44) $120,560

Direct Labor (2,740 units × $19) $52,060

Variable Manufacturing Overhead (2,740 units × $13) $35,620

Fixed Manufacturing Overhead ($85,260 ÷ 2,740 units ÷ 2,940 units) $79,460

Gross Margin                         $71,240

We simply applied the above formula

6 0
3 years ago
Fernando's favorable attitude toward capital punishment began to change when he wasasked to offer arguments opposing it in a cla
LenaWriter [7]

Answer:

B) cognitive dissonance

Explanation:

According to my research on studies conducted by various psychologists, I can say that based on the information provided within the question his attitude change is best explained by cognitive dissonance. This is defined as the state of having inconsistent thoughts, beliefs, or attitudes, especially as relating to behavioral decisions and attitude change. Which is exactly what Fernando is experiencing.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
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