GDP FC will be Rs 14,500.
Explanation:
Formula for Gross Domestic Product at market price= Gross Domestic Product at factor cost + indirect taxes- subsidies.
In the above question Gross Domestic Product at market price is given that is Rs 15000 ,Net Indirect tax ( indirect tax - subsidy) that is Rs 500 has been given, to find the value of Gross Domestic Product at factor cost , we have to follow the procedure.
GDP MP= GDP FC+ NIT
15000=GDP FC+ 500
GDP FC= 15,000-500= 14,500
Answer:
the migration of low-wage manufacturing jobs offshore and a corresponding reduction in demand for unskilled workers.
Explanation:
The low-wage manufacturing jobs can be pushed offshore to other areas probably in the process of outsourcing them, that could lead to the drastic reduction of unskilled wage rates and the consequential reduction in demand of unskilled labor. All these are possibilities brought upon by Globalization upon which some critics argue. Workers found in furniture, apparel, steel and electrical equipment industries are badly hit by the impacts of globalisation
The correct answer is "raise" your prices.
You need cotton to produce clothing and if it becomes more expensive then your manufacturing becomes more expensive and you need to increase your prices so as not to lose money when making.