Answer:
It is included in GDP as part of Investment
It is not included in GDP because it is an intermediate good.
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
Intermediate goods are goods used in the production of other goods. They are not included in GDP. Flour is an intermediate good because it is used in the production of bread and pastries
The given statement is true that it is better for businesses to have a 'lower' opportunity cost since it often provides them a with a comparative advantage.
Opportunity costs refer to a relative measure of missing potential benefits from unavailed production opportunities. Whereas the concept of comparative advantage refers to the ability of an economy to produce a specific service or product in a more economically competitive and efficient manner than its trading peers.
Since comparative advantage increases profitability and 'lowers' opportunity costs, the comparative advantage theory suggests that opportunity cost is a factor for analysis in selecting between different options for production. That is the point where comparative advantage is seen from the perspective of opportunity costs as it allows companies to focus on resources, labor, and capital required for production with lower opportunity costs and higher profit margins.
You can learn more about comparative advantage at
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Many professional business letters are printed on letterhead.
Answer:
=$1,353, 524
Explanation:
NOI stands for net operating income
In this case, NOI will be calculated as follows
Rent per suit = $14,800
Number of suits 9
The monthly rent will be
=$14,800 x 9
=$133,200
Annual rent will be monthly rent x 12
= $133,200 x 12
=$1,598,400
Considering a 14 % vacancy rate, expected annual rent collection
=$1, 598,400 minus 14% of $1, 598,400 or 86% of $1, 598,400
= 86/100 x $1, 598,400
=$1,374,624
Adjusting for annual expenses
= $1,374,624 - $21,100
=$1,353, 524
Answer:
a. Very close to zero.
b. All people in the region are equally likely to decide to visit the amusement park on any given day.
Explanation:
Assuming that all people in the region are equally likely to decide to visit the amusement park on any given day, the probability that all 6.7 million will decide to visit on the same day is:
The probability is very close to zero. It is not exactly zero since there still is a very slim chance.