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
Elanso [62]
3 years ago
11

Although GDP is a reasonably good measure of a nation's output. It does not necessarily include all transactions and production

for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States?A. The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government B. The quality of goods available to consumers C. Federal government paychecks to soldiers D. The loss of enjoyment people incur when scenic land is converted to commercial use.
Business
1 answer:
Scorpion4ik [409]3 years ago
8 0

Answer:

Options (a), (b) and (d) are correct.

Explanation:

Gross domestic product refers to the total value of production of goods and services during a period of time within the boundaries of the nation. GDP of a nation also represents the standard of living of that nation. If the GDP of a nation increases then it is assumed that the standard of living of that nation also increases.

But there are some flaws or loopholes in this assumption as non-marketing activities and the underground economy makes the GDP an imperfect measure of a particular economic activity.

Is doesn't includes the quality of goods received by the consumers as it doesn't contribute towards GDP of a nation.

It doesn't takes into account the non-market activities such as self service and house work. If a person is cleaning his home then this doesn't contribute towards GDP but if he hires someone to do the same job then then this will contribute towards the calculation of GDP as it is counted as a consumption expenditure.

Loss of enjoyment will also not counted while determining the GDP.

Government pay checks to soldiers will be included in the GDP because it increases the GDP of a nation.

You might be interested in
Jessica has just opened a shoe store. To operate her business, she orders her
trapecia [35]

Answer:

The answer is C

Explanation:

6 0
3 years ago
Read 2 more answers
A company looking to expand internationally with little risk would choose?
leva [86]

Answer:

  • Licensing
  • Franchising

Explanation:

There are no options but Licensing as well as Franchising are some of the least riskiest ways to expand internationally.

With Licensing, the company looking to expand simply sells licenses to various companies in different countries giving them the right to use their image. Basically, the company the license is sold to gets access to the seller's intellectual property but then can run their business with a significant degree of autonomy.

Franchising represents another way to expand with little risk. It involves a company giving a license to another company to sell and sometimes produce their products as well as image rights. The company will give the franchisee (company that gets the license) the knowledge and training required to maintain the franchise and in exchange, franchisee pays a fee.

Both of these methods ensure that the name and brand of a company spread internationally whilst making money from it. Risk is minimized because the investment in other countries is low to nothing.

3 0
3 years ago
If a worker earns $50 per hour in salary but the project is charged $75 per hour for each hour the individual works, then the ov
vredina [299]
Overhead rate is calculated by dividing the overhead cost by the direct cost over a similar period of measurement. In our case, the basis is per hour. The overhead cost is the rough estimate of the cost made through the proper reference to the historical data for old establishments and projections for the new ones. This can be expressed as,
    overhead rate = (overhead cost / direct cost) x 100%

Substituting the known values,
   overhead rate = ($75 / $50) x 100%
   overhead rate = 150%

<em>ANSWER: overhead rate = 150% </em>
5 0
3 years ago
Read 3 more answers
If you were starting a new business, describe at least three departments to the company that you would need right away. Why are
Natali [406]

Answer:

I would need a computer and then a laptop to work fast as I can and that will make me get more money

7 0
3 years ago
Is your place of work a business or a non profit organization ?
bixtya [17]

Answer:

my place of work is a business

3 0
3 years ago
Other questions:
  • Which of the following is not a fixed cost? *
    5·1 answer
  • Which of the followin high school courses would be most helpful to a person who wanted to be substance abuse counselor?
    15·2 answers
  • ___________is a conductor installed on the supply side of a service or separately derived system to ensure the required electric
    7·1 answer
  • Which of the following financial statements is concerned with the company at a point in time?
    10·1 answer
  • Suppose the government wanted to regulate this market using a price-based instrument. What is the efficient level of a tax on em
    14·1 answer
  • Suppose sales increase by 20 percent next month. Calculate the effect that increase will have on her profit. (Round your interme
    13·1 answer
  • Largo Company has unit costs of $10 for materials and $30 for conversion costs. If there are 2,500 units in ending work in proce
    12·1 answer
  • A study of college graduates involves three variables: income level, job satisfaction, and one-way commute times to work. List s
    9·1 answer
  • A portion of FICA that is paid to provide eligible retired workers and
    7·1 answer
  • As of late, US antitrust regulators begin their examination of a merger by using statistical tools and real-world evidence to __
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!