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3 years ago

A breakdown of the four components of GDP shows that

Business

1 answer:

scoray [572]3 years ago

5 0

Answer:

The answer is: C. Consumption is by far the largest expenditure category, and that consumer spending on services far exceeds consumer spending on goods.

Explanation:

In the US Economy, consumption is by far the largest component of the GDP. Also, in the US economy, the most stable and largest component of consumption is services.

Consumption is calculated by adding all the new, finished, legal, durable and non-durable products and services expenditures.

During 2017, the GDP of the USA was $19.52 billion.
Approximately 68.4% of the GDP was Household Consumption.
Out of the total GDP, 80.2% were services.

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Researcher Thompson and her colleagues found that winners and losers evaluated their own outcomes equally when they did not know

mr Goodwill [35]

Answer:

True

Explanation:

The statement is true, as evaluating one's own performance is quite easy, whether I performed good or bad, it is natural to know that.

But, when you know that the competitors have also performed really well, then we think that there are less chances of getting selected because then we doubt on our own capabilities.

This is a normal human tendency that happens and thus, the statement here is true.

7 0

3 years ago

When the vehicle speed is low, the driver should select a higher gear (which has a high gear ratio) so that the engine can be us

Doss [256]

false, higher gear is used for power not for speed

7 0

3 years ago

First deposit will be made one year from today, and the last deposit will be made on the day she retires. Her first withdrawal w

Kryger [21]

Answer:

The amount to be deposited each year till retirement = $2,287.31.

Amount needed on the retirement date = $2,343,311.99.

Explanation:

Amount needed on the retirement date in order to support the withdrawals post retirement is $2,343,311.99.

calculated using the PV function of Excel as follows: See the first attached file

The amount to be deposited each year till retirement is $2,287.31.

calculated using PMT function of Excel as follows: See attache file 2

6 0

3 years ago

- Consider the market for grapes. An increase in the wage paid to grape pickers will cause the:

kakasveta [241]

Answer:

d- supply curve for grapes to shift to the left, resulting in a higher equilibrium price for grapes and a decrease in the quantity consumed.

Explanation:

supply curve for grapes to shift to the left, resulting in a higher equilibrium price for grapes and a decrease in the quantity consumed. An increase in the price of factors of production leads to a supply contraction. When the supply is contracted, the graph moves towards top to the left. Businesses have limited capital and when the wage rates increase it would lead to higher amount paid to workers and lower amount left to purchase raw materials, to spend on advertising, etc. This whole phenomenon leads to a decrease in supply ,obviously an increase in the price of the good and a decrease in the quantity consumed

6 0

3 years ago

Assume you have an AMEX card which pays a 2% cash rebate on all purchases, and a VISA card which pays a 1% cash rebate on all pu

Fiesta28 [93]

Answer:

The gas at station A is $0.02 per gallon more expensive

Explanation:

Data provided in the question:

Cash rebate provided by the AMEX card = 2%

Cash rebate provided by the VISA card = 1%

Price of the gas = $2.00 per gallon

Now,

Amount of rebate provided by the AMEX card per gallon = 2% of $2.00

= 0.02 × 2.00

= $0.04

Amount of rebate provided by the VISA card per gallon = 1% of $2.00

= 0.01 × 2.00

= $0.02

Since station A does not accept AMEX card

Therefore, VISA card will be used at station A

Thus,

Rebate at station A = $0.02

And rebate at station B = $0.04

Difference in rebate = $0.04 - $0.02

= $0.02

Hence,

The gas at station A is $0.02 per gallon more expensive

8 0

4 years ago