Answer:
The correct answer is letter "A": includes production of foreigners working in the U.S. but excludes production by U.S. residents working in foreign countries.
Explanation:
The Gross Domestic Product or GDP represents the overall market value of all the goods and services a country produces. The GDP measures the size of the economy and it is determined by the following formula:
GDP = C+ G + I + NX
Where:
C = Private consumption
G = Government spending
I = Businesses' capital spending
NX = Net exports (exports-imports)
Labor is part of the GDP as well. It could be included in government spending or capital spending. <em>A nation's labor productivity is the sum of all the labor force production within the country regardless of the nationality of the workers</em>. <em>Citizen's productivity working abroad will be included in the GDP of the country where they work</em>.
The following hypothetical production possibilities tables are for China and the United States. Assume that before specialization and trade the optimal product mix for China is alternative B and for the United States is alternative U. China Production Possibilities Product: A - B - C - D - E - F Apparel: 120,000 - 96,000 - 72,000 - 48,000 - 24,0000 Chemicals(tons): 0 - 24 - 48 - 72 - 96 - 120 U.S. Production Possibilities Product: R - S - T - U - V - W Apparel: 40,000 - 32,000 - 24,000 - 16,0000 - 8,0000 Chemicals(tons): 0 - 16 - 32 - 48 - 64 - 80a. Are comparative-cost conditions such that the two countries should specialize?
You should always _____ a horse with a flat palm so they don’t bite you.
<span>have fedwill feedfeedfeeding
</span>
Answer:
Unitary cost= $24
Explanation:
Giving the following information:
Total direct material= $13,116
Direct labor= $22,560
Factory overhead= $16,788
Number of units= 2,186
<u>First, we need to calculate the total cost:</u>
Total cost= 13,116 + 22,560 + 16,788
Total cost= $52,464
<u>Now, the unitary cost:</u>
Unitary cost= total cost / number of units
Unitary cost= 52,464 / 2,186
Unitary cost= $24
$4000 was invested at 3% interest.
<u>Solution:</u>
Assume that x and y represent the amount at 3.5% and 3% respectively. So, according to the given statements we get two equations,
On multiplying equation (1) by 30 and equation (2) by 10 we get,
On solving both the equations we get,
On substituting (3) in (1) we get,
Therefore, $4000 was invested at 3% interest and $1000 was invested at 3.5% interest.
