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ss7ja [257]
3 years ago
11

A woman marries her butler. Before they were married, she paid him $60,000 per year. He continues to wait on her as before (but

as a husband rather than as a wage earner). She earns $1,000,000 per year both before and after her marriage. If GDP were changed so that it truly measured the sum of all final economic activity, the marriage would: first decrease and then increase GDP.
decrease GDP.
increase GDP.
leave GDP unchanged.
Business
1 answer:
Svetach [21]3 years ago
3 0

Answer:

D. Leave GDP unchanged

Explanation:

This is because the Husband is now involved in the category of "values of services not paid for". When calculating for GDP, those services aren't included or accounted for.

After marriage, the butler is no longer an employee of the woman and the services he provides for her now as an husband are not recorded as final economic activity thus the GDP decreases initially by $60,000 and then remains unchanged.

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Answer:

Explanation:

From the question, we are informed that before the tax, 25 million wine bottles were sold at price of $6 per bottle and that after the tax, 20 million bottles of wine are sold every month and the consumers pay $8 per bottle which include the tax and producers receive $5 per bottle.

The amount of tax on wine will be the difference between the price consumers pay after the tax and the price producers receive. This will be:

= $8 - $5

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The tax burden that falls on the consumers will be difference between price paid after tax and the price which is paid before the tax.

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4 years ago
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Naddika [18.5K]

Answer:

The state of being scarce or in short supply.

Example: A time of Scarcity.

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Answer: ($81,000)

Explanation:

From the information given, we are informed that Vinton Company is divided into North and South regions. We are further informed that the company's costs were under budget by $36,000 while the North Region’s costs were over budget by $45,000.

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7 0
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mojhsa [17]

Answer:

C. a higher price and produce a smaller output than a competitive firm.

Explanation:

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__________ is any proprietary software licensed under exclusive legal right of the copyright holder.
FromTheMoon [43]

Answer:

Closed Source

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