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
-BARSIC- [3]
3 years ago
5

Suppose during a year an economy produces $10 trillion of consumer goods, $4 trillion of investment goods, $6 trillion in govern

ment services, and has $4 trillion of exports and $5 trillion of imports. GDP would be Multiple Choice $19 trillion. $21 trillion. $24 trillion. $29 trillion.
Business
1 answer:
Svetlanka [38]3 years ago
5 0

Answer:

The correct answer is $19 trillion

Explanation:

Gross Domestic Product (GDP) is the total market or monetary value of all the goods and services produced by a country within its borders over a given period of time. It is used as a measure of a country's economic health, due to its broad coverage.

The formula for calculating GDP is: GD P  =  C  +  I  +  G  +  ( X  −  M )

where :

C = private consumption (consumer goods)

I = gross investments (investment goods)

G = government investments or government spending (govt. services)

X = export

M = import

Therefore:

GDP (in trillion) = 10 + 4 + 6 + (4 - 6) = 10 + 10 - 1 = $19 trillion dollars.

Please note that there is the nominal GDP and real GDP.

Nominal GDP is the total value of all the final goods and services a country produces within a year, while real GDP is the value of the goods and services produced within a year, putting inflation effects into account.

You might be interested in
A real estate agent is considering changing her land line phone plan. There are three plans to choose from, all of which involve
BlackZzzverrR [31]

Answer:

a. Determine the total charge under each plan for this case: 120 minutes of day calls and 40 minutes of evening calls in a month.

  • Cost for Plan A = ($0.41 x 120) + ($0.16 x 40) + $20 = $ 75.60
  • Cost for Plan B = ($0.51 x 120) + ($0.15 x 40) + $20 = $ 87.20
  • Cost for Plan C = $80 + $20 = $100

b. If the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal?

  • If the agent will use the service only for daytime calls, Plan A is better if the agent uses 195 minutes maximum. If the agent expects to use 196 or more minutes, then Plan C is better.

c. Suppose that the agent expects both daytime and evening calls. At what point (i.e., percentage of total call minutes used for daytime calls) would she be indifferent between plans A and B?

  • Plan A charges 10¢ less per daytime minute, while plan B charges 1¢ less for evening minutes, that means that the proportion of daytime calls should be 1/11, while the proportion of evening calls should be 10/11.

7 0
3 years ago
What are requirements managers responsible for providing?
9966 [12]
Requirements managers are responsible for documenting and analyzing and prioritizing requirements for projects and ensuring the products or services conform to the agreed upon capabiities of these. For example, in a mine a drill contractor may be required to drill a hole of only a certain diameter and complete holes say up to 300m long and have a drill that fits inside a safety canopy provided by the client. 
5 0
3 years ago
The first step in the human resource planning process is forecasting. Forecasting is an attempt to determine the supply and dema
sesenic [268]

Answer:

Missing word <em>"Roll over each of the items below to read about the proportion of marketing employees at different times. Then drag each item into the correct position in the matrix."</em>

Note: The matrix in the question is attached as picture below

Year                                            2016

                   Sales mgr        Sales Rep         Sales asst.         Not in

                                                                                              Organisation

<em>2012</em>

Sales           Maintain         Management        Manager         Manager

manager    Management  Representative     Assistant        Turnover

                    Position             Demotion           Demotion

Sales Rep   Sales Rep      Maintain Rep       Rep assistant     Sales Rep

                    Promotion        Position               Demotion

Sales          Asst manager   Management    Maintain asst.     Sales Asst

assistant     Promotion          Promotion         position             Turnover

Not in        Manager New   Sales Rep          Sales Assistant

Organi-       Hire                   New Hire            New Hire

sation

7 0
3 years ago
a study by university of minnesota economist, joel waldfogel, estimated the difference in the actual monetary value of gifts rec
erica [24]

The deadweight loss is $90.6.

<h3>How to calculate the loss?</h3>

The study suggested that the average recipient's valuation of the gift received was approximately 90% of the actual purchase price of the gift.

This means there's a loss of 10% in value constitute the deadweight loss.

Average amount spent on gift = $906

Percentage loss in value = 10% or 0.10

Calculate the deadweight loss -

= Average amount spent on gifts * Percentage loss in value

DWL = $906 * 0.10

The deadweight loss would be $90.6.

Learn more about dead weight loss on:

brainly.com/question/15415492

#SPJ1

A study by university of minnesota economist, joel waldfogel, estimated the difference in the actual monetary value of gifts received and how much the recipients would have been willing to pay to buy them on their own. the study suggested that the average recipient’s valuation was approximately 90% of the actual purchase price.

Calculate the deadweight loss if the average amount is $906.

8 0
2 years ago
Why is being a well-informed consumer important?
zzz [600]

Answer:

you are able to make better informed decisions

Explanation:

by being well informed on a product you are able to make decisions and see potential problems ahead of the actual problem

7 0
3 years ago
Other questions:
  • What will be the amount accumulated by each of the given present investment? (a) (a) $5,500 in 10 years at 9% compounded semiann
    11·1 answer
  • Match each type of unfair business practice with its description.
    12·1 answer
  • North Carolina produces sweet potatoes in its rich soil, but does not have the climate to grow oranges well. It is correct to sa
    15·1 answer
  • Trumbeak Inc., an electronics company, needs to pay its debt to Breston Bank the following year. Trumbeak Inc. sells half of its
    7·2 answers
  • lue Box Beach Chairs has the following standards to make beach chairs: Standard Quantity Standard Price Direct materials 2.2 pou
    9·1 answer
  • What are three factors that affect the cost of homeowner’s insurance?
    15·1 answer
  • Choose the option that best matches the description given.
    7·2 answers
  • If aggregate expenditures increase by $14 billion and equilibrium GDP consequently increases by $70 billion, then the marginal p
    10·1 answer
  • Why does the US import so much from china?
    12·2 answers
  • A merchandiser sold merchandise inventory on account. the journal entry to record a sales allowance in the books of the merchand
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!