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
Olegator [25]
2 years ago
6

Imagine that Jack and Jill buy $500 worth of milk and $200 worth of crayons and coloring books each year for use in their day-ca

re business. Jack and Jill also hire a day-care attendant at a salary of $14,000 per year. If Jack and Jill sell $100,000 worth of day care to parents each year, what is the contribution to GDP by Jack and Jill's Day Care? A. $114,700 B. $100,700 C. $100,000 D. $700
Business
1 answer:
Anettt [7]2 years ago
4 0

Answer:

The correct answer is option C.

Explanation:

The GDP of an economy includes only the final goods and services produced in the economy in the given period of time.

In the given example , the day care shows the service provided by Jack and Jill.

The crayons and color books, milk, attendants are all intermediate goods and services.

So their values will not be included in the GDP.

The GDP will only include the value of daycare sold which is $100,000.

You might be interested in
Social responsibility is know as ______.
FinnZ [79.3K]

Answer:

B. people and community

Explanation:

Social responsibility is known as people and community. In other words it refers to any and all responsibilities that you may have when being part of a community or society to make that community better. This involves a wide range of responsibilities or obligations such as volunteering, cooperating with others, ethical and moral choices, etc. Anything that benefits the larger structure that you are part of would be considered a social responsibility.

6 0
2 years ago
The price of a gallon of gasoline was $0.35 in 1972 when the CPI equaled 0.418. The price of a gallon of gasoline was $2.25 in 2
lana66690 [7]

Answer:

increased

Explanation:

Data provided in the question:

Price of a gallon of gasoline in 1972 = $0.35

CPI in 1972 = 0.418

Price of a gallon of gasoline in 2005 = $2.25

CPI in 2005 = 1.68

Now,

Real cost in 1972 = [ Nominal cost in 1972 ] ÷ [ CPI in 1972 ]

= $0.35 ÷ 0.418

= $0.837

Real cost in 2005 = [ Nominal cost in 2005 ] ÷ [ CPI in 2005 ]

= $2.25 ÷ 1.68

= $1.34

Hence,

The price of gallon of gasoline increased between 1972 and 2005

3 0
3 years ago
Which of the following best describes marketing mix? It is the blend of marketing strategies for product, price, distribution, a
aniked [119]

Answer:

It is the blend of marketing strategies for product, price, distribution, and promotion

Explanation:

Marketing mix describes strategies used by a company to promote its brand or product. A marketing mix is made up of Price, Product, Promotion and Place.

8 0
3 years ago
A hardware store will run an advertising campaign using radio and newspaper. every dollar spent on radio advertising will reach
Sindrei [870]
The answer would be 900k I thinkg
6 0
3 years ago
What is the process of getting a product to a consumer? A. Research B. Distribution C. Wholesale D. Subcontracting
Oxana [17]
I think it b distribution
3 0
3 years ago
Read 2 more answers
Other questions:
  • Which tax is paid to a third party?
    9·1 answer
  • QRC Company is trying to decide which one of two alternatives it will accept. The costs and revenues associated with each altern
    9·1 answer
  • In 2018, Bratten Fitness Company made the following cash purchases:
    12·1 answer
  • Tina's Track Supply's market-to-book ratio is currently 4.5 times and the PE ratio is 10.5 times. If Tina's Track Supply's commo
    12·1 answer
  • Which of the following statements is true? A. Expenses are decreased by debits. B. Liabilities are decreased by credits. C. Reve
    9·1 answer
  • Younger Company has outstanding both common stock and nonparticipating, non-cumulative preferred stock. The liquidation value of
    12·1 answer
  • The shareholders' equity of Green Corporation includes $288,000 of $1 par common stock and $480,000 par of 6% cumulative preferr
    8·1 answer
  • Reasons for looting<br>​
    13·1 answer
  • Which media outlet is a good choice for grocery and fast food advertisements because many consumers decide what to buy while enr
    11·1 answer
  • Two computers each produced 43,000 public utilities bills in a day. One computer printed bills at the rate of 8,600 an hour and
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!