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Alex73 [517]
3 years ago
5

Suppose the government passes a law eliminating holidays and, as a result, the production of goods and services increases becaus

e people work more days per year (and thus enjoy less leisure per year). Based on this scenario, which of the following statements is correct?
A. GDP would definitely increase, despite the fact that GDP includes leisure.
B. GDP would definitely increase because GDP excludes leisure.
C. GDP could either increase or decrease because GDP includes leisure.
D. GDP could either increase or decrease because GDP excludes leisure.
Business
1 answer:
hjlf3 years ago
8 0

Answer:

B) GDP would definitely increase because GDP excludes leisure.

Explanation:

The gross domestic product GDP includes the market value of all the final and legal goods and services produced within a country during one year.

Leisure time by itself is not included in the GDP, recreational and travel activities are, e.g. hotel services, restaurants, camping equipment, etc.

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Who is the president's chief adviser on intelligence matters across the executive branch?
Novosadov [1.4K]

The Director of National Intelligence is known as the President's chief adviser on intelligence matters across the executive branch.

<h3>What is the role of Director of National Intelligence?</h3>

The director's role is to serves as the head of the Intelligence Community, directing the implementation of the National Intelligence Program budget and serving as the principal advisor to the President.

Hence, the Director of National Intelligence is known as the President's chief adviser on intelligence matters across the executive branch.

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4 0
2 years ago
You can buy property today for $2.2 million and sell it in 5 years for $3.2 million. (You earn no rental income on the property.
Stolb23 [73]

Answer:

PV of the sales price  $1,986,948.23

 

Explanation:

We will calcualte the present value of the sale price using the present value of a lump sum formula:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity 3,200,000

time                         5 years

rate         10% = 10/100 = 0.1

\frac{3200000}{(1 + 0.1)^{5} } = PV  

PV        $1,986,948.2338  

This indicates the 3,200,000 in five years are equivalent to 1,986,948.23 dollars Thus, this investment is not profitable as the property will be purchased at 2,200,000

7 0
3 years ago
What is a characteristic of the leader substitutes model?
sladkih [1.3K]

It says that managers don't have to play a leading role under certain conditions.

<u>Explanation: </u>

Leadership Substitute:

A characteristic of a delegate or a circumstance or condition in which leadership works in place of a leader, inappropriate in leadership. All Leaders of an organization can sometimes work very well without a director controlling the management.

The most important aspects of a company are effective leadership, many experts agree. But sometimes it's not necessary to have leadership.  

For example, Raj is a father and that he wants his daughter to do her work. Raj knows he can usually make his daughter do things if he gives her an exchange piece of candy.

However, it's the day after Halloween in this scenario but she already has chocolates. In this respect, Raj's power of leadership has been eliminated, since the normally used award is not effective.

3 0
2 years ago
Manufacturing costs from a scraped poor-quality product are $6000 per year. AN investment in an employee training program can re
romanna [79]

Answer:

We see that Prog A will give an annual CF of 75%*$6000 = $4500

Prog B will give annual CF of 95%*$6000 = $5700

Disc Rate Kd = 20%

So PV of Annuity of $1 for 5 yrs with Kd = 20% is 2.9906

So NPV of Prog A = CF0+CF1+ ....+Cf5 = -12000+2.9906*4500 = $1,458

So NPV of Prog B= CF0+CF1+ ....+Cf5 = -20000+2.9906*5700 = $(2,954)

So Prog A is more effective as it gives a Positive NPV

8 0
3 years ago
Which one of the following is not one of the four most common ways people can save money in banks?
marysya [2.9K]

Answer:

Fractional Reserves

Explanation:

Banks are required to hold money to lend out. If you deposit $100 into your account that is $100 for the bank to lend that money out to ones who need it.

6 0
3 years ago
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