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Naily [24]
3 years ago
6

To avoid double-counting when calculating GDP, it is best to: Group of answer choices count used goods. count the value added at

each stage of production. count all goods and services purchased by consumers, firms, and the government. count stocks and bonds. count the value of goods and services produced at every stage of production.
Business
1 answer:
zhenek [66]3 years ago
4 0

Answer:

count all goods and services purchased by consumers, firms, and the government.

Explanation:

GDP is a measure of the total products and services produced in an economy per period. Economists calculate GDP to understand the directions of the economy. An increase in GDP indicates growth. In calculating the GDP value, economists consider finished consumer products only.

Double-counting means calculating the value of output multiple times. To avoid double-counting, economists do not consider work-in-progress and goods used to produce more products and services.  Work is progress is goods still in the production process. If counted, there is a possibility of them being counted again as finished products. Capital goods or goods used to produce other goods are counted once as the finished product.  

You might be interested in
The following partially completed process cost summary describes the July production activities of Ashad Company. Its production
xeze [42]

Answer:

Units Transferred Out $ 663750

Work In Process Ending $ 30440

Direct Materials Costs  $ 11.5 per EUP   Conversion  Costs$6.2 per  EUP

Explanation:

Ashad Company

Weighted Average Method

Cost Of Production Report

Equivalent Units of Production

                                                      Direct Materials           Conversion

Units transferred out                       37,500 EUP                 37,500 EUP

<u>Units of ending work in process      2,000 EUP                    1,200 EUP</u>

<u>Equivalent units of production          39,500 EUP                38,700 EUP</u>

Costs Added

                                                    Direct Materials           Conversion

Costs of beginning work in

process                                               $13,450                    $1,860

<u>Costs incurred this period               440,800                      238,080</u>

<u>Total costs                                       $454,250                   $239,940 </u>

<u />

Costs per EUP

                                                Direct Materials           Conversion

                                $454,250/ 39,500 EUP         $239,940/38,700 EUP

                                     =  $ 11.5 per EUP                        = $6.2 per  EUP

Dividing the costs with EUP gives cost per EUP.

Costs Accounted For

Units Transferred Out $ 663750

Materials = $ 11.5 * 37500=$  431250

Conversion= $ 6.2 * 37500=$ 232500

Total = $ 663750

Work In Process Ending $ 30440

Materials = $ 11.5 * 2000=$  23000

Conversion= $ 6.2 * 1200=$ 7440

Total = $ 30440

Now adding the costs of Transferred out units and the ending work in process inventory equals the total of the costs added.

$ 663750+$ 30440 = $454,250 + $239,940

$ 694190 = $ 694190

8 0
3 years ago
Through a process called _______, marketers collect and evaluate information about the marketing environment.
OverLord2011 [107]

Answer:

<em>Through a process called </em><em><u>environmental</u></em><em><u> </u></em><em><u>scanning</u></em><em> marketers collect and evaluate information about the marketing environment.</em>

<em>What</em><em> is</em><em> </em><em>environmental</em><em> </em><em>scanning</em><em>?</em>

<em>Environmental</em><em> </em><em>scanning</em><em> </em><em>is </em><em>the </em><em>process</em><em> </em><em>of </em><em>continually</em><em> </em><em>acqu</em><em>i</em><em>ring </em><em>information</em><em> </em><em>on </em><em>events </em><em>occurring</em><em> </em><em>outs</em>ide<em> </em><em>the </em><em>organization</em><em> </em><em>to </em><em>identify</em><em> </em><em>and </em><em>interpret </em><em>potential</em><em> </em><em>trends.</em><em> </em>

3 0
2 years ago
According to the scor model, supply chain management covers five broad areas including planning activities, which __________.
topjm [15]

The correct answer is cover the actual production of a good or service.

Supply chain management choices are addressed, improved, and communicated with suppliers and consumers of a firm using the supply chain operations reference model (SCOR), a management tool. The operational methods required to satisfy client requests are described in the model.

<h3 /><h3>What does SCOR entail?</h3>

A supply chain must carry out the SCOR operations in order to achieve its main goal of completing client orders. There is only one representation for each distinct process in SCOR. The six main processes that SCOR identifies as level-1 processes are Plan, Source, Make, Deliver, Return, and Enable.

<h3>Why does business employ the SCOR model?</h3>

The SCOR method may assess the supply chain of a corporation at various degrees of process detail. It offers businesses a sense of how sophisticated their supply chain is. The procedure aids businesses in comprehending how the five procedures constantly recur between clients, suppliers, and the business itself.

To know more about Supply chain, visit: brainly.com/question/15582420

#SPJ4

8 0
2 years ago
A cost estimation tool which is used to allocate money into an organization’s budget is known as a _____ estimate. a. ballpark b
xenn [34]

Answer:

  B. Budgetary.

Explanation:

  They are used to do that because the range of variance could be from -10% to +20%.

  Although this, it is not accurate enough to provide a solid basis for a firm commitment because it only represents an approximation of what is need to be done.

  I hope this answer helps you.

5 0
3 years ago
Read 2 more answers
Scenario Creekside Robotics Corp. provides free lunch to its employees every day. The work environment is informal and friendly,
Ierofanga [76]

The social need is provided when Creekside Corp seeks to satisfy its staff by providing a friendly work environment where everybody gets to know each other.

<h3>What is a social needs?</h3>

This is a need that include friendship, affection, belonging, love etc.

In a workplace, when the physiological and safety needs are well satisfied, then, the employees will be motivated to work effectively.

Therefore, the social need is provided when Creekside Corp seeks to satisfy its staff by providing a friendly work environment

Therefore, the Option C is correct.

Read more about social needs

<em>brainly.com/question/1172032</em>

8 0
2 years ago
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