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
Advocard [28]
4 years ago
9

Arthur sells $100 worth of cotton to Bob. Bob turns the cotton into cloth, which he sells to Camille for $300. Camille uses the

cloth to make prom dresses that she sells to Donita for $700. Donita sells the dresses for $1,200 to kids attending the prom. The total contribution to GDP of this series of transactions is _______.
Business
1 answer:
kow [346]4 years ago
8 0

Answer:

$1200

Explanation:

Gross Domestic Product (GDP) is the total market value of all of the final goods and services produced in a country over a particular period of time.

The contribution to GDP can be determined by adding the value created by each of the economic agents involved in the creation of the final goods and services

Arthur = 100 = 100

Bob = 300 - 100 = 200

Camille = 700 -300 = 400

Donita = 1200 - 700 = 500

Total Value 100 +200 +400 +500 = $1200.

You will observe that it is the same as the value of the final good i.e dress. In the production process, other goods involved are referred as intermediate goods

You might be interested in
The middle of supply chain information systems (SCIS) framework is which of the following?
Natasha_Volkova [10]

Answer:

The correct answer is letter "B": Enterprise planning and monitoring.

Explanation:

Information Systems impact the Supply Chain at planning and monitoring stages. Information Systems allow managers to analyze information about the flow of the supply chain and allows them to spot where improvement is necessary. Besides, it allows tracking production to maximize it. Decisions can be made upon the feed Information Systems provide.

5 0
3 years ago
What is important to know about yourself when making a career choice?
yaroslaw [1]
It’s important to know your limits and your strengths.
The goal is to do your best in the job you have, so before making that important choice, it’s good to think about maybe your talents or hobbies that you have.
You could ask yourself questions such as:

Do I communicate well with people?

What am I best at?

Am I able to fulfill the tasks that are included in this career?

And I’m sure there are more questions, but it is a good thing to know yourself that way when you apply for a job, you know what you’re getting into.

I hope this helps!
~Brooke❤️
5 0
4 years ago
The following information is available for Rodriguez Industries:
shepuryov [24]

Answer:

$183,200

Explanation:

Given that,

Direct labor = $86,000

Total current manufacturing costs = $381,000

Manufacturing overhead is applied to production:

= 130% of direct labor cost

= 1.30 × $86,000

= $111,800

Total manufacturing costs = Direct material + Direct labor + Manufacturing overhead.

$381,000 = Direct material + $86,000 + $111,800

Direct material = $381,000 - $86,000 - $111,800

                         = $183,200

Therefore, the amount of direct materials used in production is $183,200.

8 0
3 years ago
GDP calculated via factor payments includes: a consumption, investment, and government. b wages, interest payments, rent, and pr
erica [24]

Answer:

b wages, interest payments, rent, and profits

Explanation:

The GDP refers to the Gross domestic product which reflects the finalized market value of the goods and services that are to be produced within the country

Plus According to the factor payments, the GDP are to be calculated based on wages, interest payments, rents, and profits and the same is to be considered while calculating the GDP

8 0
3 years ago
The Eating Club, a five-star restaurant, advertises a job in the local newspaper as "Waiters needed. Experience required. Must l
boyakko [2]

Answer:

Ella can sue The Eating Club since their advertisement contains language that could indicate a preference based on sex, which is a violation of the Equal Employment Opportunity Act. The law prohibits employment discrimination based on gender, race, color, age, sexual orientation, religion, national origin, disability, political beliefs, and marital or familial status.

8 0
3 years ago
Other questions:
  • If trade between nations is prohibited, a. nations will be unable to specialize in what they are good at and therefore end up co
    5·1 answer
  • Kate holds a middle-management position with a large corporation. She prefers to involve her subordinates in decision making. Sh
    13·1 answer
  • Clarksen company uses a process costing system. the company requisitioned $93,000 of materials for department a and $67,000 of m
    5·1 answer
  • Sarah is concerned about identity theft. She wants to check her overall credit worthiness. Sarah should MOST LIKELY
    6·1 answer
  • Jane receives an email claiming that her bank account information has been lost and that she needs to click a link to update the
    6·1 answer
  • Suppose you owe $3,000 on your credit card. You pay a minimum payment of $30 each month. At an Annual Percentage Rate of 12% (or
    8·1 answer
  • SQC Inc. had sales of $3,000,000, cost of merchandise sold of $2,100,000, and average inventory of $140,000. What is SQC Inc.'s
    8·1 answer
  • What best explains the relationship between a borrower’s credit score and a down payment requirement?
    15·2 answers
  • Windswept, Inc. 2011 Income Statement ($ in milions)
    15·1 answer
  • A call option on MassComputer Corp. is trading with a strike price of $100 and an expiration date on November 18th at 4 pm in th
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!