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arsen [322]
3 years ago
5

One bag of flour is sold for $1.50 to a bakery, which uses the flour to bake bread that is sold for $4.00 to consumers. a second

bag of flour is sold to a consumer in a grocery store for $2.00. taking these three transactions into account, what is the effect on gdp?
Business
1 answer:
ale4655 [162]3 years ago
3 0
GDP stands for gross domestic product. The GDP allows economist to measure the market value in terms of money. They are measuring the final good or service that is being offered to a customer over any given time. 

Since the first bag of flour is being sold to a bakery to make bread from and sell for $4.00 the GDP of this item is $4.00 because that is the cost a customer is paying.

The second bag of flour is sold to a customer for $2.00 in a grocery store and is the final cost a they are paying.

In this scenario, the GDP for the two products being sold to a customer is $6.00.
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Answer:

The correct word for the blank space is: value chain.

Explanation:

American economist Michael E. Porter (<em>born in 1947</em>) coined the term value chain to denote the interrelated operating activities businesses perform during the process of converting raw materials into finished products. The goal in value chain analysis is to find ways to add value to the product along each part of the process and do so at the lowest possible cost.

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____ is the process of managing operations control, resource acquisition and purchasing, and inventory to improve overall effici
kramer

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A) Supply-chain management

Explanation:

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2 years ago
First National Bank charges 13.6 percent compounded monthly on its business loans. First United Bank charges 13.9 percent compou
melomori [17]

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First National EAR 14.48%

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Calculation to determine Calculate the EAR for First National Bank and First United Bank.

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First National EAR = [1 + (.136 / 12)]12 − 1

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First United EAR = [1 + (.139 / 2)]2 − 1

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Therefore the EAR for First National Bank and First United Bank will be :

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