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Elina [12.6K]
4 years ago
10

Do the following activities contribute to US GDP in 2020? Explain why or why not? In which year do these activities contribute t

o US GDP and to which component of expenditure?
(a) A new Toyota Camry built in Japan and sold in the US in 2019

(b) A new Toyota Camry built in Tennessee in December 2013 and sold in Canada in January 2020

(c) A used Toyota Camry built in Japan in 2007 and sold in the US in December 2020

(d) A new Toyota Camry built in Tennessee in December 2013 and sold in North Carolina in June of 2020

(e) A used Toyota Camry bought by a used car dealership for $5000 and sold for $6000 in 2020
Business
1 answer:
ale4655 [162]4 years ago
8 0

Answer:

Explained below.

Explanation:

In option (a) no it does not contribute to the US GDP in any year. The transaction appears in expenditure as an increase in consumption and a decrease in net exports that offset. According to option (b) yes it contributes to US GDP in 2013. The transaction appears as an increase in investment (increase in inventory). In 2014, the transaction appears as an increase in net exports offset by a decrease in investment. According to option (c), the transaction appears in expenditure as an increase in consumption in 2014 offset by a decrease in net exports. Option (d) represents the transaction appears as an increase in investment (increase in inventory). In 2014, the transaction appears as an increase in consumption offset by a decrease in investment. According to option (e) yes, it contributes $1000 to US GDP in 2014. The $6000 purchase price exceeds the price paid by the used car dealer. The difference represents value added by the dealership - this is a service that should be counted as part of GDP.

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3 years ago
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tatiyna

Answer:

a. Breakeven point: 1,500 units.

b. Kid´s Corner would have to sell 2,333.33 units to earn $10,000 in operative income.

Explanation:

a. breakeven point in units=\frac{fixed costs}{Total sales revenue - Cost to make product}

breakeven point= =\frac{18,000}{25-13}=1,500 units

b. Operating income =  Total revenue - direct costs-indirect costs

$10,000=$25*X-$13*X- 18,000

Where X is the amount of units to sell

Isolating X from the equation, we have:

12X=28,000

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Answer:

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Explanation:

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Generally, the price a consumer (buyer) would pay for goods and services are primarily being set by the seller or service provider.

In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.

Price index number can be defined as a measure of how the price of goods and services change over a specific period of time.

Hence, it's a statistical value (number) that is typically used for expressing the price change of goods and services as a percentage of prices in a base year.

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3 years ago
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Your after-tax return can be calculated by the formula;

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Answer:

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