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Nataliya [291]
3 years ago
10

Which of the following is not counted as a part of GDP?

Business
1 answer:
Misha Larkins [42]3 years ago
3 0

Answer:

C, The unsold additions to inventory at an appliances store.

Explanation:

GDP = Gross DOMESTIC Product

Since the unsold additions are not sold, there's no money coming from it, thus it is not counted in GDP.

Bonus: If you order clothes from Thailand, that is called GNP. It counts as Thailand's GDP because the money is going into the country, and it counts as America's GNP as you are buying goods from another country.

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Jake wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacati
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Answer:

1. Jake can easily determine that the price of the computer is more than the price of the vacation.  ⇒ UNIT OF ACCOUNT

2. Jake has $1,574 in his checking account.  ⇒ STORE OF VALUE

3. Jake writes a check for $1,299. ⇒ MEDIUM OF EXCHANGE

Explanation:

The four functions of money are:

  1. unit of account: since money is a common denominator, it helps to assign value to different goods and services.
  2. store of value: you can save money in order to purchase gods and services in the future.
  3. medium of exchange: you can purchase and sell goods and services using. money
  4. standard of deferred payment: money allows loans that require future payments of both principal and interest.

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3 years ago
Question 4 of 20
Eduardwww [97]
The percentage of 250000 to 180000 is 72% or answer D
6 0
2 years ago
both capital and labor​ double, given the production​ function, output will double . If output doubles when inputs​ double, the
Sergeu [11.5K]

Answer:

If output doubles when inputs​ double, the production function will be characterized by​ a <u>constant returns to scale</u>.

Explanation:

In economics, returns to scale refers to a long run situation that reveals to the proportionate change in output when capital and labor inputs become variable or change.

The three possible types of returns to scale are as follows:

1. Increasing returns to scale: This occurs when the proportionate change in output is greater than the proportionate change in capital and labor inputs.

2. Decreasing returns to scale: This occurs when the proportionate change in output is less than the proportionate change in capital and labor inputs.

3. Constant returns to scale: This occurs when the proportionate change in output is the same as the proportionate change in capital and labor inputs.

Based on the above explanation therefore, if output doubles when inputs​ double, the production function will be characterized by​ a <u>constant returns to scale</u>. This is because the the proportionate change (double) in output is the sames as the proportionate change (double) in inputs.

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A computerized spreadsheet program is useful for
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Helps perform calculations and other manipulations of data
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Which stage of the new product development process directly follows idea generation?
uysha [10]

Answer:

screening and evaluation

Explanation:

Screening and evaluation is the third step in a new product development process, and it should work like a funnel. All the ideas generated during the previous stage must be analyzed and only workable ideas should continue the process.

At this stage it is critical to reject poor new product ideas, and continue with viable new product ideas.

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