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Tasya [4]
3 years ago
6

The following are two equivalent ways to measure GDP:

Business
1 answer:
castortr0y [4]3 years ago
4 0

ANSWER : TRUE

EXPLANATION :

GDP denotes the total (gross)value of goods & services produced by an economy, during a period of time (financial year) .

This total value of goods can be calculated by both Income & Spending approach , based on assumption that 'one person expenditure is other person income'. Because both reflect the total value of goods produced .

This is evident from two methods to calculate GDP :

1. Expenditure Method

NDP (net value) = Compensation of Employees + Opereating Surplus + Mixed Income ;

Where - 1st COE is income of labour , 2nd OS (Rent + Interest + Profit) income of other factors - land , 3rd MI income from self employed .

2. GDP = Private Final Consumption Expenditure + Govt. Final Consumption Expenditure + Gross Domestic Capital Formation + Net Exports ;

Where - 1st PFCE is expenditure by private households , 2nd GFCE expenditure by govt , 3rd GDCF investment expenditure by firms , 4th expenditure by Abroad .

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The introduction is an example of a Product line extension

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The Gatorade thirst quencher was created in the year 1965, and in the year 2018, its marketers released Gatorade zero, which was a sugar-free drink. Apart from this, Gatorade AM was established in the year 2007, while the Gatorade G Series was introduced in 2010. Throughout, there have been numerous Gatorade products launched to the market, which are examples of product line extensions

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2 years ago
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Spanish have an absolute advantage in wine and olive oil.

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pochemuha

Answer and Explanation:

From the following given case or scenario , we can state that in this particular case, <em>"Dorothy will stick to the contract and thus has to supply in accordance to the agreement or the actual contract. </em>" Even though the Friendly Neighborhood Baker is demanding of Dorothy to increase the supply to 500 for the cupcakes and brownies but still the supply would still remain in accordance to the agreement signed.

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