The inhabitants of Pandora value their environment (e.g., forests, springs, breathable air, etc.) twice as much as the inhabi
tants of Utopia. Suppose that the value added for all goods and services increases by the same amount in both countries, but has a negative effect on the environment (e.g., pollution). According to the production approach to the measurement of GDP, is this good or bad? A. There is no effect on the value of GDP, so this is neither good nor bad.
B. This is good because the value of GDP increases in both countries due to the increase in value added.
C. This is bad because the pollution reduces the value of GDP.
D. The answer cannot be determined from the information given.
B. This is good because the value of GDP increases in both countries due to the increase in value added.
Explanation:
The production approach measures the GDP by calculating the difference between the selling price of a good or service, minus the cost of all the goods and services used to produce that good. This approach calculates the value added to the inputs needed to produce certain output.
Even though both countries will benefit from the increase in their GDP, Utopia should benefit more.
Convergent thinking is the ability to think quickly about one or two good solutions to a problem, without needing to spend your time and thinking about it. This is especially important when it comes to decision-making processes. This is very different from a different idea, where you come up with a lot of possibilities
a) Price of a buy order of 200 shares is $58.36.Because there was an offer of sale that is 250 shares at $58.36 per share, so the price would remain constant at 200 Shares.
