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
castortr0y [4]
3 years ago
9

What components of GDP (if any) would each of the following transactions affect? Explain. Remember Y=C(Y-T)+I(R)+G+X-M a. A fami

ly buys a new refrigerator. (Consumption expenditure includes durable and nondurable goods)
Business
1 answer:
horsena [70]3 years ago
4 0

Answer:

A. The household purchase of a new refrigerator will directly lead to an increase in the consumption component of the Gross Domestic Product (GDP). Therefore, the GDP will increase by the amount of refrigerator purchased

You might be interested in
What is Philip's curve long and short ones? ​
Veronika [31]

In the Philip's curve the long run usually refers to the vertical line and the rate of unemployment the short run Philips curve denotes inflation and is in L shaped and the relationships indicates the trade-off between the inflation and the unemployment

Explanation:

This curve in general shows the relationship between the rate of increase in the nominal wages and the rate of unemployment and usually lower the rate of inflation higher will be the wages allotted and it will be the vice versa

There will be a shift in the Philips curve when there is a hike in the oil prices abroad and this will cause the curve to shift leftwards so in the long run it will indicate the unemployment rate and in the short run it will indicate the inflation rate

3 0
3 years ago
A nation has an absolute advantage in the production of a good, if Group of answer choices it can produce that good at a lower o
Leona [35]

Answer: it can produce that good using fewer resources than its trading partner

Explanation:

A country has an absolute advantage in the production of a good when such country can produce the good using fewer resources than another country.

Absolute advantage can be due to the natural endowment of a country. For example, let's say Japan uses 2 hours in producing a good while Brazil uses 5 hours in producing such good. Then, it can be deduced that Japan has an absolute advantage over Brazil.

6 0
2 years ago
Assume the firms operating in an oligopolistic market experience a relatively small change in marginal costs. According to the k
leonid [27]

Answer:

B) Leave the equilibrium price unchanged.

Explanation:

Oligopolistic market is the arrangement where few companies offer same product to the customers. There is very less competition in the market so every supplier has fair chance for operating their business successfully. The kinked demand model curve in oligopolistic market would leave the equilibrium price unchanged.

3 0
3 years ago
The purpose of safety stock is​ to: A. eliminate the possibility of a stockout. B. control the likelihood of a stockout due to v
NeX [460]
<h3>Hello there!</h3>

Your question asks what the purpose of a safety stock is.

<h3>Answer: B). control the likelihood of a stock out due to variable demand​ and/or lead time.</h3>

The reason why answer choice "B). control the likelihood of a stock out due to variable demand​ and/or lead time" is the correct answer because companies have safety stocks to control the chances of having a stock out.

Safety stocks are also known as a "reserve" for a company, in other words, stocks that a company doesn't touch. It's to ensure that companies don't go through a time where there's an increase in demand while there is a "delay" in production.

If a companies stock demand goes up, but then they can't "produce" the amount that is needed to meet the demand, then they will go through "stock out" and have to go through what is called "stock out costs."

Safety stocks are also known as a "rainy-day" stock, due to the fact that safety stocks are used when a company are not having a great day with the "demand" / "value" of their stocks. It's just to "ensure" / "keep the company safe" from a huge stock out.

<h3>I hope this helps!</h3><h3>Best regards, MasterInvestor</h3>
6 0
3 years ago
Scoresby Co. uses 3 machine hours and 1 direct labor hour to produce Product X. It uses 4 machine hours and 8 direct labor hours
beks73 [17]

Answer:

(C) Product X = $880; Product Y = $2,240

Explanation:

The applied overhead will be calculate by the product of the cost diver and the overhead rate:

<u>Cost driver for each product:</u>

Product X   3MH and  1LH

Product Y   4MH and 8LH

<u />

<u>Overhead rate: </u>

240 per machine hour

and 160 per labor hour

Product X   3MH x $240 +  1LH x $160   = 880

Product Y   4MH x $240 +  8LH x $160  = 2,240

4 0
3 years ago
Other questions:
  • Plzzz help!!!
    11·1 answer
  • Mia and Allen, married with two teenage sons, both work. They have read Dave’s books, finished a beginner emergency fund, establ
    9·2 answers
  • S&amp;P Enterprises sold 10,000 units of inventory during a given period. The level of inventory of the manufactured product rem
    11·1 answer
  • bank examiners are _____. a) authorized to force banks to sell off investments that they consider excessively risky. b) only per
    8·1 answer
  • Which of the following would be included in the Lease Receivable account? I. Guaranteed residual value. II. Unguaranteed residua
    12·1 answer
  • In 2020, the Merkel Company had revenues of $2,600,000 and costs of $2,100,000. During 2021, Merkel will be introducing a new pr
    5·1 answer
  • Walking through the grocery store, Ramon sees a "buy 2, get 1 free" deal on laundry detergent. Even though he currently has plen
    13·1 answer
  • Ramon incorporated his sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100
    11·1 answer
  • What term describes a guardrail system, a positioning system, and a personal fall arrest system?
    8·1 answer
  • An investor would expect which type of preferred stock to pay the highest stated dividend rate?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!