Answer:
The correct answer is option C and D.
Explanation:
There are two approaches to calculate GDP.
- Income approach
- Expenditures approach
The income approach calculates GDP by looking at the factor incomes earned by the factors of production.
The expenditure approach looks at consumption expenditure, investment expenditure, government expenditure, and net exports to calculate GDP.
Answer:
4. Martha's average utilities
Explanation:
As in the question, it is given that Martha has signed a listing agreement with the Broker Patrick.
The listing agreement refers to a contract between the real estate broker and the real estate owner that allows the broker the authority to act as a property sales agent.
The terms and conditions which are mentioned the listing contract are presented below:
a. Starting and expiration date of the contract
b. Patrick's commission
c. Martha's priced. Other terms and conditions
Answer:
4. to gain access to low-cost inputs of production
Explanation:
The reason for Exxon Mobil to opt for this strategic alliance, Whereas the remaining ones are not relevant in this context may be because it can help to gain access to low-cost inputs of production.
Answer:
486 units
Explanation:
Computation for Department 1 The equivalent units of production for labor and overhead units.
Using this formula
(Completed and transferred out units × 100% percent) +(Ending work in process inventory ×60% complete for labor and overhead)
Where:
Completed and transferred out units 450
Ending work in process inventory 60
Let plug in the formula
(450 ×100%)+(60×60%)
=450+36
=486
Therefore the equivalent units of production for labor and overhead is 486 units.
It is possible to have economic growth without development. For example, an increase in GDP, but most people don't see any actual improvements in living standards.
