Answer:
a
b
d
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
Net export = exports – imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
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
6. quality of goods and services
7. externalities
The car parts produced in the US would be added to GDP as parts of exports
Answer:
The $18 per unit is a:
sunk cost.
Explanation:
Chang's cost incurred per unit of $18 is a sunk cost. A sunk cost is a cost that has already been incurred. It does not make a difference in a future decision. This implies the Chang may decide to correct the defect or otherwise. What decision it takes should be based on the cost and revenue that results from the next decision, and not the past decision.
Answer and Explanation:
The value based purchasing is a strategy that encourages the healthcare quality through payment linking that depend upon the quality of the care provided to the patients. It is different from the fee for service as the fee of service means the payment is to be done for taking a particular service
The value based purchasing involved two things
a. Value- based payment system: Here the service quality is determined with the payment made. The good qualiyty would be accepted while the bad quality would be rejected
b. The cost managed by the healthcare provider: The quality care should be provided in order to get reward for the same. and for cover up any lower payment it is necessary to decrease the cost. It is important for the long term substainability as the provider keeps their profit so that the quality care should be provided at lesser cost
Answer:
True
Explanation:
The nominal GDP is divided by the real GDP to calculate GDP deflator which is used to calculate the CPI and Inflation rate. So it is true that the GDP delfator is used to calculate inflation rate.
Answer:
The answer is timeshare
Explanation:
A timeshare is a way for a number of people to share ownership of a property. Timeshare is fractional ownership in a vacation property. Each buyer usually purchases a certain period of time in a particular unit. Almost all timeshares are resort or vacation properties.
