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topjm [15]
3 years ago
8

An automobile factory in Michigan uses $100,000 worth of parts purchased from foreign countries along with U.S. inputs to produc

e 30 cars worth $20,000 each. Twenty of these cars are sold and 10 are left in inventory. How much did these actions add to GDP?
Business
1 answer:
Gnom [1K]3 years ago
5 0

Answer:

Total value added to the GDP is $500,000.

Explanation:

Given that,

Automobile factory uses parts that are purchased from foreign countries = $100,000

Total cars produce = 30

Price of each car = $20,000

Total cars sold = 20

Left in inventory = 10

Therefore,

Addition to GDP:

= Total value of car produced - Imports(parts purchased from foreign countries)

= (Selling price of each car × Total cars produced) - $100,000

= ($20,000 × 30) - $100,000

= $600,000 - $100,000

= $500,000

Hence, total value added to the GDP is $500,000.

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Answer:

0.2 or 20%

Explanation:

The three possible outcomes, with respective probabilities and returns, as follows

Outcome 1: Probability (P) = 0.35, Return (R) = 0.20

Outcome 2: Probability = 0.25, Return = 0.36

Outcome 3: Probability = 0.40, Return = 0.10.

The expected return will be computed as follows.

Expected Return = (P_{1} *R_{1})  + (P_{2} *R_{2}) + (P_{3} *R_{3})

= (0.35*0.20) + (0.25*0.36) + (0.40*0.10)

= 0.07 + 0.09 + 0.04

= 0.2

Therefore expected return = 0.2 or 20%

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3 years ago
At the minimum wage (set above the equilibrium wage),
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C. None of the individuals who end up working are paid more than if the were paid the equilibrium wage.
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A salesperson's compensation can be made up of some combination of salary, commission, and ________, which are payments made at
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Answer:

"bonuses"

Explanation:

according to my research on the different type of payments that are given to employees, I can say that the answer is "bonuses", because it is the only type of physical payment that is missing from the question. Bonuses are paid to employees when reach a certain milestone or goal that is set by the employer or company, usually used as an employee motivator.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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If your dad wanted to purchase a new life insurance policy, which would you recommend and why?
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I would recommend Ladder.

Explanation:

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The following information is available for Lock-Tite Company, which produces special-order security products and uses a job orde
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Explanation:

Please see attached detailed solution to the above questions and answers.

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