1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ratling [72]
3 years ago
11

By how much does the current GDP rise in the following scenario? A real estate agent sells a house for $250,000 that the previou

s owners had purchased 10 years earlier for $90,000. The real estate agent earns a commission of $10,000.
a. $160,000.
b. $250,000.
c. $10,000.
d. $90,000.
e. $260,000.
Business
1 answer:
Aloiza [94]3 years ago
8 0

Answer:

c. $10,000.

Explanation:

Gross domestic product is the sum total of all goods produced in a country in a given period. Sale of used good are not considered in GDP because the original value of the used item would have been recorded previously as GDP when it was first produced.

Therefore in this scenario the money paid for the house ($250,000) is not considered to be part of GDP since the original value of $90,000 would have been recorded as GDP 10 years ago.

However the commission of $10,000 that the real estate agent collected for his services is considered a contribution to GDP.

You might be interested in
Alyssa was complaining about her workload before the staff meeting began. Later, when the manager announced that twelve parking
Novosadov [1.4K]

Answer: a. Set ground rules to be followed. b. Ignore conflict so that it will blow over. c. Start meetings promptly. d. Introduce a tentative agenda.

Explanation: All the answers given are correct, but Alyssa should be cautioned around her conduct during the staff meeting.

8 0
3 years ago
A T-bill quote sheet has 60-day T-bill quotes with a 4.95 ask and a 4.89 bid. If the bill has a $10,000 face value, an investor
In-s [12.5K]

Answer:The correct answer is a). $9,918.50

Explanation: In selling, the investor will use the bid price of $4.89 alongside the face value of the bill.

That is to say, the face value * (1-(bid price * no. of days)/days in a year) = 10000 * (1-(0.0489*60)/360) = $9,918.50

3 0
3 years ago
Read 2 more answers
Nicole transferred a negotiable instrument to Andy. Andy later sues Nicole alleging a breach of presentation warranty. What coul
Gemiola [76]

Answer Not claiming the instrument hes sending

Explanation:

4 0
2 years ago
1) Write an SQL statement for the HAPPY INSURANCE database that adds the column ClientPhone to the table CLIENT.
Sindrei [870]

An SQL statement for the HAPPY INSURANCE database that adds the column ClientPhone to the table CLIENT is:

ALTER TABLE dbo.CLIENT

ADD ClientPhone

<h3>What is SQL?</h3>

This refers to the use of databases to perform computations such as UPDATE, ADD, ALTER TABLE, etc.

Hence, the use of Structured Query Language would help to add to a database and this would be done using the ALTER TABLES function as shown above.

Read more about SQL here:

brainly.com/question/25694408

#SPJ1

7 0
2 years ago
Craft, Inc. normally produces between 120,000 and 150,000 units each year. Producing more than 150,000 units alters the company'
SVETLANKA909090 [29]

Answer:

The production range between 1120,000 and 150,000 is called Relevant range

correct option is c) relevant range

Explanation:

given data

normally produces = 120,000 to 150,000 units

to find out

The production range between 1120,000 and 150,000 is called

solution

The production range between 1120,000 and 150,000 is called Relevant range because there are 2 point

  • if Craft, Inc. need to reduce fixed expenses then production volume is reduce less than 120000 unit
  • if Craft, Inc. need to increase fixed expenses than production volume is increases more than 150000 unit

and if expected fixed expenses will not change than the production volume is 120000 units to 150000 units

so that production range between 1120,000 and 150,000 is called Relevant range

correct option is c) relevant range

7 0
3 years ago
Other questions:
  • The preemptive right gives current stockholders the right to purchase, on a pro rata basis, any new shares issued by the firm. T
    7·1 answer
  • A business purchases a vehicle for $35,000. Since the vehicle was advertised for $40,000 the company decided to record the asset
    10·1 answer
  • Which statement is true of an e-distributor? a. An e-distributor offers services from different vendors in separate packages. b.
    6·1 answer
  • Ben works at a top accounting firm in Salt Lake City and his responsibilities include developing individual and departmental goa
    12·1 answer
  • The lower the user's switching costs:
    14·2 answers
  • A ____________ approach to solving the recession in this example would have no uncertainty regarding the attainment of the short
    12·1 answer
  • XYZ, Inc. purchased an office building on October 1, 2020, that was put on the books at $800,000. The building is expected to be
    15·1 answer
  • Frito-Lay has developed a new line of snack foods. The company wants to place the products in as many outlets as possible; groce
    6·1 answer
  • Give 2 or 3 reasons on why cheaper delivery is better
    14·2 answers
  • jingle company signs a 6-month, $20,000 note. stated interest rate is 8% payable at the maturity date. interest incurred on the
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!