Answer:
increased measured GDP by the full value of the restaurant meals.
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 calculated using the expenditure approach = Consumption spending + Investment spending + Government Spending + Net Export
Some items are not included in the calculation of GDP. Some of these items are :
1. Services rendered to ones self
2. Intermediate goods
3. Illegal activities
4. Transfer payment by government.
Households cooking at home is an example of services rendered to ones self and it is not included in the calculation of GDP.
While services rendered by resturants are included in the GDP through consumption spending by households.
So if families decide to eat more at resturants, GDP is increased by the full value of resutrant meals.
I hope my answer helps you
Answer:
Firms at the greatest risk of expropriation are in extractive, agricultural, or infrastructural industries such as utilities and transportation.
Explanation:
Governments are more interested in this kind of business, as often, in developing countries, <em>extractive</em> and <em>agricultural</em> create genuine richness, usually more than others as <em>retail</em> or <em>manufacturing</em>, for example. On the other hand, regarding <em>utilities</em> and <em>transportation</em>, expropriation is made as a consequent of populism measures and not for wealth creation.
Answer:
d. more consumer goods can only be produced at the cost of fewer capital goods.
Explanation:
The production possibility curve is a curve that shows the two combinations of goods and services produced in an economy when its resocurces are fully employed.
To increase the production of one good, more quantity of the other good has to be given up.
The opportunity cost of production increases as more quantity of one good is produced.
In this question, to produce more consumer goods, fewer capital goods would be produced.
I hope my answer helps you
Explanation:
In a logistics company, for example, automation is an essential need for improving the speed of business processes. Assuming that the company is a carrier that delivers products from an online site, the use of information technologies as a platform where the entrances and exits are identified, will make the processes faster and more organized.
Other suggestions would be the online monitoring of automobiles, which would avoid detours, increase safety and speed as well.
Automation in logistics increases speed, decreases costs, reduces errors and provides greater security and reliability to processes.
Answer:
LIFO method
Explanation:
The last-in, first-out (LIFO) inventory method values the cost of goods sold (COGS) using the price of the last purchases made by the company. This valuation method is accepted by the US GAAP and it is generally applied when the replacement costs are continuously increasing.
On the other hand, the IFRS (the international accounting standard) does not allows LIFO, it only accepts FIFO.
