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horsena [70]
2 years ago
9

Categories of expendituresGilberto and Juanita Ivanov live in Swarthmore, PA. Juanita's father, Lorenzo, lives in SwedenFor 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, investment, government purchases, exports, or imports.a. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.b. Lorenzo in Sweden orders a bottle of Vermont maple syrup from the producer's website.c. Gilberto's employer upgrades all of its computer systems using U.S.-made products.d. Juanita gets a new video camera made in the United States.e. Gilberto buys a sweater made in Guatemala
Business
1 answer:
gregori [183]2 years ago
6 0

Answer:

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

The repaving of the highway is part of the U.S. GDP, and the category is government pruchases, or G, because it is the state that is spending the money on repaving the road.

B. Lorenzo in Sweden orders a bottle of Vermont maple syrup from the producer's website.

The bottle of maple syrup is part of the U.S. GDP, in the category of net exports, or XN. Exports are included in GDP because they correspond to goods that were produced domestically, and later sold abroad.

C. Gilberto's employer upgrades all of its computer systems using U.S.-made products.

The U.S. made products to upgrade the computer are part of the U.S. GDP, in the category of consumption, or C. The products were made in the United States, and were purchased by a citizen, not by a government agency, for this reason, the transaction is classified as private consumption.

D. Juanita gets a new video camera made in the United States.

The camera is part of the U.S. GDP, in the category of consumption. This example is the same as above: the camera was made in the United States, and purchased by an American citizen, who lives in the United States.

E. Gilberto buys a sweater made in Guatemala.

The sweater is not part of U.S. GDP because it was not made domestically, it is an import, and imports are not part of GDP.

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Evgesh-ka [11]

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Explanation:

Given the following :

Base year = 2012

Cost of basket in 2012 = $50

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The Consumer Price Index (CPI) is calculated using the formula :

CPI = (weighted cost item in current period / weighted cost of item in base period) × 100

Base period / year = 2012

Current period = 2016

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Answer:

Option A Planning

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Answer:

d. $489,500

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LO 2.2Which of the following are prime costs?
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Answer:

OPTION D: Direct Labor and Direct Material

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Prime cost of a product is defined as the direct costs of producing a product including direct material costs and direct labor costs. Any other manufacturing overheads, indirect expenses and indirect materials/labor cost are not included in the calculation of PRIME COSTS .

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