c. Country A will incur a larger opportunity cost of growth, but it will grow more quickly than country B.
The more a country invests in one method of production, the higher the opportunity costs will be because the money could be spent on bigger and bigger amounts of alternate goods.
While the opportunity cost is higher, fully investing in producing capital goods will lead to faster growth.
Its real GDP will be $1280.
According to the data provided here, we have that;
Production of 220 pounds of jelly beans at $5 means = 220 x 5 = $1100
While the 90 pounds of gum drops at $2 = 90 x 2 = $180
As production is an investment (I) so,
real GDP = $1100 + $180 = $1280
Hence, the real GDP of the production of two consumer goods ( Commodities ) is $1280.
When the production after completion goes to the market and after selling they generate revenue and the investment and profit come back which actually calculates the real GDP of an economy.
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Answer:
The correct option is D
Explanation:
Perpetual inventory is a method of accounting for inventory that records the sale of inventory immediately by the use of computerised point of sale systems.
The correct answer in the space provided is the total
quality management. The total quality management is where it is responsible for
causing an improvement in regards of improving the ability of an organization
or group in a way of delivering their services or products to their consumers.
