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bearhunter [10]
3 years ago
5

The gross domestic product (GDP) of the United States is defined as themarket value of allfinal goods and services produced with

in the United States in a given period of time.
true-false
Business
1 answer:
Anna [14]3 years ago
5 0

Answer:

true

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

GDP can be calculated using the expenditure approach.

GDP = Consumption spending + Investment + Government Spending + Net Export

GDP of the US for the 3rd quarter of 2019 was $5,385,635 million

I hope my answer helps you

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3 0
3 years ago
In the case of distributive bargaining, the ________ point indicates what a person would like to achieve out of a negotiation.
sp2606 [1]

In the case of distributive bargaining, the target point indicates what a person would like to achieve out of a negotiation.

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This is when an agreement is reached between employer and employees in an organization on issues that requires urgent attention.

Collective bargaining involves employees working together in an organization coming together to agree about some important matters.

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3 0
2 years ago
gayla quickly arranged to sell riha's car to a denver public school official; the signature on the auto's title assignment appea
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6 0
2 years ago
Orange Corporation has budgeted sales of 26000 ​units, targeted ending finished goods inventory of 6000 ​units, and beginning fi
bonufazy [111]

Answer:

29,000 units

Explanation:

The computation of the number of units produced next year is shown below:

Number of units produced next year = Ending finished goods inventory units + budgeted sales units - beginning finished goods inventory units

where,

Ending finished goods inventory units is  6,000 units

Budgeted sales units is 26,000 units

And, the beginning finished goods inventory units is 3,000 units

So, the number of units produced is

= 6,000 units + 26,000 units - 3,000 units

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8 0
3 years ago
Suppose that the level of GDP increased by $100 billion in a private closed economy where the marginal propensity to consume is
____ [38]

Answer:

$50 billion

Explanation:

To find the change in aggregate expenditures, we need to find the change in consumption. For this, we will use the marginal propensity to consume formula:

MPC = ΔC/ΔY

Where:

MPC = Marginal propensity to consume

ΔC = Change in consumption

ΔY = Change in output (GDP)

We know that out MPC is 0.5, and our ΔY is $billion. We plug these amounts into the formula:

0.5 = ΔC / 100 billion

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ΔC = $ 100 billion x 0.5

ΔC = $50 billion

So the change in consumption is $50 billion, which is also the change in aggregate expenditure.

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3 years ago
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