Gross domestic product tracks economic growth by measuring all goods and services option B: produced by an economy.
<h3>
What is Gross domestic product?</h3>
Gross Domestic Product is refers to as the measurement of the total value of the output of all the goods and services produced within a Financial year by the country.
Moreover, the term GDP does not include Intermediate goods and services because it is only concerned with the New and Current production.
Therefore, correct option is B.
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Answer:
Development is multidirectional.
Explanation:
Development is multidirectional -
From the question information Jason shows the principle of Development is multidirectional .
Development is multidirectional , this means that the in a person's life , dimensions and specific components of the dimensions shrink and grow at different stages of life .
Answer:
According to the authors of A Gift of Fire, it is obvious that computer technology <u>has not and will not</u> mass unemployment.
Answer:
Credit the buyer $347.22, debit the seller $347.22
Explanation:
The journal entry is shown below:
Seller Dr $347.22
To Buyer $347.22
(Being the entry is recorded)
The computation is shown below:
We assume the starting month is from January to May 5
So the total number of days calculated till May 5 is
= 31 days in January + 28 days in February + 31 days in March + 30 days in April + 5 days in May
= 125 days
Now the amount is
= $1,000 × 125 days ÷ 360 days
= $347.22
Answer:
Price of y(Py)=$2 per unit
Explanation:
Marginal utility can be defined as the additional utility of a consumer as a result of the additional unit of goods consumed.
Let
Marginal utility of x= MUx
Marginal utility of y=MUy
Price of x=Px
Price of y=Py
Given
MUx=40 utils
MUy=16 utils
Px=$5
Py=?
Then,
MUx/Px=MUy/Py
40utils/$5=16 utils/Py
8 utils/$ =16utils/Py
Make Py subject of the formula by cross multiplying
Py×8= 16
Py=16/8
Py=$2 per Unit
Price of y=$2 per unit