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
Rudiy27
2 years ago
15

One bag of flour is sold for $1.00 to a bakery, which uses the flour to bake bread that is sold for $3.00 to consumers. A second

bag of flour is sold for $1 to a grocery store who sells it to a consumer for $2.00. Taking these four transactions into account, what is the effect on GDP?a. GDP increases by $3.00.b. GDP increases by $5.00.c. GDP increases by $6.00.d. GDP increases by $7.00
Business
1 answer:
Phoenix [80]2 years ago
8 0

Answer:

The correct answer is option b.

Explanation:

GDP is a measure of economic growth that shows the level of final goods and services produced in an economy in a year. It includes only final goods and services, intermediate goods are not included.  

So here the value of flour used to make bread will not be included as it is an intermediate good. But the value of bread will be included. The value of the second bag of the floor will be included as it is a final good sold to the consumer.  

Increase in GDP

= $3 + $2

= $5

You might be interested in
Objectives of financial reporting to external investors and creditors include preparing information about all of the following e
sveta [45]

Answer:

Information used to determine which products to produce

Explanation:

Determination of products whose production is not yet decided is a managerial issue, and it is part of internal information that should be not delivered to external parties. Furthermore, this data usually is not accurate, so sharing outside would not be even recommended for this sole reason.

3 0
3 years ago
What rights are used to obtain credit?
larisa [96]
He federal Fair Credit Reporting Act (FCRA) promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies. There are many types of consumer reporting agencies, including credit bureaus and specialty agencies (such as agencies that sell information about check writing histories, medical records, and rental history records). Here is a summary of your major rights under the FCRA. & do me a favor and follow me on instagram @thatgirl.nay

4 0
3 years ago
g You earn $40,221 at your job and must pay 11% of your income in taxes. You then decide to save 8% of your disposable income. H
Yanka [14]

Answer:

The amount left for consumption spending is $32,932.95

Explanation:

The amount left for consumption spending is known as disposable income or take-home pay less savings .The disposable income is the income left after taxes have been paid to relevant tax authority.The computation of amount left for consumption is done below:

Gross income                                           $40,221

Tax at 11%(11%*$40,221)                            ($4424.31 )

Disposable income                                   $35,796.69

Savings at 8% of disposable income

($35,796.69*8%)                                          ($2,863.74)

Amount left for consumption spending     $32,932.95

This is not mean that I have to spend this $32,932.95 during the month, there might some investments  I want to my money on to yield more returns.

4 0
3 years ago
Read 2 more answers
Por que se dice que emprender suele ser una decisión muy difícil quien la toma sabe que esta renunciando a la estabilidad que ot
BARSIC [14]

Answer:

porque se dice que quiero tomar el siguiente

8 0
2 years ago
A manufacturer of clothing apparel currently sells its products at Neiman Marcus and Dillard's. A new survey shows that a majori
GaryK [48]

Answer:

This manufacturer should have to take the option of dropping Dillard's and including Macy's and Saks Fifth Avenue.

Explanation:

When manufacturers produce, they do so for the sake of gains and profits. A larger market provides bigger profits compared to a smaller one.

This question tells us that this manufacturer has a greater number of customers looking to get there products at Neiman Marcus, Macy's, and Saks Fifth Avenue. So since these places would provide him a bigger market, so he should partner with these retail markets (Neiman Marcus, Macy's, and Saks Fifth Avenue) and drop the market with just few customers (dillards).

7 0
3 years ago
Other questions:
  • Match the legislation with the correct description.
    15·1 answer
  • What is a benefit on which you pay no taxes?
    8·1 answer
  • In applying the high-low method, what is the fixed cost? month miles total cost january 80,000 $144,000 february 50,000 120,000
    5·1 answer
  • When Wells Fargo employees fraudulently opened customer accounts in order to meet extremely high sales quotas, rehabilitating th
    15·1 answer
  • A gas station with only one gas pump employs the following policy: If a customer has to wait to buy the gasoline, the price is $
    9·1 answer
  • A producer of fixed proportion goods X and Y ( Q = QX = QY) has marginal costs and revenues of MC = 12 Q, MRX = 54 – 6 QX, MRY =
    11·1 answer
  • When originally purchased, a vehicle costing $25,740 had an estimated useful life of 8 years and an estimated salvage value of $
    7·1 answer
  • According to recent data, only 36 percent of Uber's current employees are women. How do you think this situation helped perpetua
    9·1 answer
  • Carolyn wants to work as a manager. The position she is hoping to be hired for requires a doctorate degree. For what type of pos
    10·1 answer
  • The direct result of disaggregating the aggregate plan is the Multiple Choice marketing plan. production plan. material requirem
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!