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ExtremeBDS [4]
3 years ago
13

Sean and Yvette Durand live in Swarthmore, PA. Their son, Bob, owns his own plumbing business.

Business
1 answer:
vazorg [7]3 years ago
6 0

Answer:

GDP(Gross Domestic Product) is the final value of goods and services produced within the boundaries of the country in a year.

The formula is as under

GDP= C+I+G+(X-M)

Where

C= consumption

I= Investment

G= Government Expenditure

X= exports

M= Imports

Scenario 1:

Sean buys a bottle of Italian wine

Answer:

In order calculate GDP of US Sean bought an Italian wine. The wine is not of US origin. It is classified as an import. Will be deducted from US GDP under the head of imports

Scenario 2:

Yvette gets a new refrigerator made in the United states

Answer:

GDP includes the final value of the goods and services produced in the country in a year.

Yvette bought a new refrigerator it is part of the C(consumption) section of the GDP. Hence it will be part of US GDP.

Scenario 3:

Sean's employer upgrades all of its computer systems using U.S. made parts.

Answer:

The employer has upgraded the computer system using  made in US parts.

It is an investment and will form part of the investment (I) section of the US GDP calculation.

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3 years ago
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Fofino [41]

Answer:

The correct answer is The president.

Explanation:

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7 0
3 years ago
Suppose that Greece and Germany both produce oil and shoes. Greece's opportunity cost of producing a pair of shoes is 5 barrels
Mila [183]

Answer:

1. Greece, Germany

2. 2.2 barrels of oil, 0.45 pairs of shoes

3. d. 10 barrels of oil per pair of shoes

Explanation:

a) Data and Calculations:

To produce a pair of shoes costs Greece 5 barrels of oil

To produce a pair of shoes costs Germany 11 barrels of oil

b) This means that it costs Germany more than Greece to produce a pair of shoes, and Germany produces a lot of oil to the extent that she is willing to exchange her 11 barrels of oil for a pair of shoes while Greece can only exchange 5 barrels of oil for a pair of shoes.

8 0
2 years ago
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Answer:

e) asynchronously

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Hence the last option is correct

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3 years ago
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Hope this helps
5 0
3 years ago
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