Sam pays Better Buy $1,000 to install a new high -definition television (HDTV) on his living room wall. He's attracted by Better Buy's guarantee that he'll be happy with the new HD1V, or he'll get his money back. ? Better Buy pays Firedog $900 to install the HDTV. ? Firedog buys hardware worth $150 from The Home Station. Assume that The Home Station gets the hardware for essentially nothing and that other costs are $0. To compute the contribution to GDP using the expenditure approach. Which of the following would be included in the expenditure method of calculating GDP? Check all that apply. Sam spends $1,000. El Better Buy spends $900. El Firedog spends $150. The total contribution to GDP, measured by the expenditure method,
Answer:
Sam spending of $1000
Explanation:
Sam's expenditure is a household consumption expenditure
Since AE = C + I + G + NX
where AE = aggregate expenditure for GDP
C = household consumption
I = investment on capital goods
G = government expenditure
NX = net export.
Answer: The Production Possibilities Curve (PPC) is a model that captures scarcity and the opportunity costs of choices when faced with the possibility of producing two goods or services. Points on the interior of the PPC are inefficient, points on the PPC are efficient, and points beyond the PPC are unattainable.
If the prices go to high then the demands will go down
As a stipulation of a specific act, lenders must offer reasons when rejecting loan applications and must respond to all applications within 30 days. the name of this act is Equal Credit Opportunity Act of 1974.
Introduced in the House on May 29, 1973 Equal Credit Opportunity Act - Prohibits discrimination against any person on the basis of sex or marital status by any creditor, card issuer, or other person in connection with the approval or refusal of credit. A federal financial regulation law known as the Equal Credit Opportunity Act was passed in 1974. The law forbids discrimination in credit transactions on the grounds of race, colour, religion, national origin, sex, marital status, or age. In accordance with the law, creditors must notify applicants of their credit acceptance or refusal within 30 days of receiving their application. In addition, the law mandates that lenders give a justification for all lending decisions.
To learn more about Equal Credit Opportunity Act here
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