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kaheart [24]
3 years ago
10

The country of Alaine produces​ 1,000 tons of corn during a year. It is valued at​ $500 per ton. A lobbyist for the corn industr

y in Alaine argues that the total value of corn production should be included in the​ country's GDP for the same year. The​ lobbyist's claim is based on the assumption that A. domestic production is insufficient to meet the domestic demand for corn. B. only a part of the total corn produced every year is consumed in the same year. C. Alaine is the only country that produces corn. D. corn is not used in the production of other goods. E. Alaine does not export corn to other countries.
Business
1 answer:
Debora [2.8K]3 years ago
5 0

Answer:

D. Corn is not used in the production of other goods.

Explanation:

D is the only option that can be an argument for the total value of the corn produced to be included as corn for the same year in the GDP.

This is due to the fact that only the final production is recorded in the GDP, this means that no goods are registered that are going to be part of other productive processes (generally raw materials) since double accounting would be incurred.

If for example, corn were part of another productive process and this productive process begins next year, that part of the corn used to produce that good would be included in the GDP of the year in which the product will be produced (the one that corn is used in the production).

This means that the lobbyist can only rely on option D (include all the value of corn for the year in which it was produced) if in this country the corn is not part of another productive process.

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Answer:

$1,282.80

Explanation:

The PMT formula is used for this question. The attachment is shown below:

The NPER shows the time period

Given that,  

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Rate of interest = 4% ÷ 12 months = 0.33%

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The formula is shown below:

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The present value come in negative

So, after solving this, the answer is $1,282.80

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This is True that In the United States, inflation reached double-digit rates in the 1970s and early 1980s but has since declined and recently, has been relatively mild.

<h3>What is inflation?</h3>

A general increase in the cost of goods and services is referred to as inflation. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.

When prices for goods and services increase rapidly, there is rapid inflation, which reduces the purchasing power of savings. Oil prices, currency speculators, rapacious businesspeople, and avaricious union leaders were held responsible for The Great Inflation.

Numerous businesses were destroyed and countless people were harmed by the Great Inflation and the recession that followed.

Cause for the decline in inflation:

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When the economy's output expands more quickly than the amount of available credit and money, falling prices can also occur spontaneously

To know more about Inflation refer to: brainly.com/question/15692461

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8 0
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scoray [572]

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b. how much wealth people want to hold in liquid form.

Explanation:

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