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Nimfa-mama [501]
3 years ago
7

George hires a real estate agent to help him sell the house he has lived in for the past five years. Since the house is used, no

part of the sale will count in this year's GDP. Group of answer choices True False
Business
1 answer:
Rufina [12.5K]3 years ago
4 0

Answer:

The statement is: False.

Explanation:

The Gross Domestic Product or GDP is the metric that measures the performance of an economy over a period. The components of the GDP are private consumption, government expenses, investments, and net exports (exports minus imports).

Goods and services produced in previous periods are not considered in the GDP of the current period. Thus, in the case, <em>George's house revenue after the sale will not be part of the GDP. However, </em><u><em>the commission George has to pay to the real estate agent will be considered in the current year's GDP</em></u><em>.</em>

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Over [174]

Answer:

500;600

an investment

6 0
4 years ago
Phoenix Company can invest in each of three cheese-making projects: C1, C2, and C3. Each project requires an initial investment
lilavasa [31]

Dejame pensar, no hablo ingles, sorry

6 0
4 years ago
From the following list, identify those that are likely to serve as source documents. (You may select more than one answer. Sing
boyakko [2]

Answer:

The Source Documents include:

Sales ticket  

Telephone bill

Invoice from supplier  

Bank statement

Explanation:

Source documents are the original documents through which business transactions are initiated.  They include receipts, bills, invoices, statements, checks, etc. They usually document or initiate a transaction. Any time a business spends or receives money or enters into a contract with another party, a source document is created. Source documents form an integral part of the accounting and bookkeeping process, and auditors need them to trace records to the underlying transactions.

7 0
3 years ago
In a two-country, two-product world, the statement "Germany enjoys a comparative advantage over France in autos relative to ship
Flauer [41]

Answer:

France having a comparative advantage over Germany in ships.

Explanation:

Comparative advantage is defined as the ability of a country to produce goods and services at a lower opportunity cost compared to other countries that produce a particular good. For example of country A produces cars at $300 cost, whole country B produces the Se car at cost of $1000 the country A has comparative advantage and should focus on producing cars.

In the scenario given Germany enjoys a comparative advantage over France in autos relative to ships.

This implies that France has a greater comparative advantage in ship production than Germany.

8 0
3 years ago
Read 2 more answers
g Credit card applicants have an average credit rating score of 667. Assume the distribution of credit scores is Normal with a s
Marizza181 [45]

Answer:

P(X>700)=P(\frac{X-\mu}{\sigma}>\frac{700-\mu}{\sigma})=P(Z>\frac{700-667}{65})=P(z>0.508)

And we can find this probability using the complement rule and excel or a calculator and we got:

P(z>0.508)=1-P(z

Explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".  

Solution to the problem

Let X the random variable that represent the rating score of a population, and for this case we know the distribution for X is given by:

X \sim N(667,65)  

Where \mu=667 and \sigma=65

We are interested on this probability

P(X>700)

And the best way to solve this problem is using the normal standard distribution and the z score given by:

z=\frac{x-\mu}{\sigma}

If we apply this formula to our probability we got this:

P(X>700)=P(\frac{X-\mu}{\sigma}>\frac{700-\mu}{\sigma})=P(Z>\frac{700-667}{65})=P(z>0.508)

And we can find this probability using the complement rule and excel or a calculator and we got:

P(z>0.508)=1-P(z

7 0
3 years ago
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