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AnnyKZ [126]
3 years ago
12

State the following statement is True or False, and explain why. Thor who lives in Montana purchased a car produced in Japan for

$30,000. His purchase decreased GDP by $30,000.
Business
1 answer:
Likurg_2 [28]3 years ago
3 0

Answer:

false

His purchase left GDP unchanged

Consumption of non durables would increase.

Also, net export would decrease.

these effects would cancel out

Explanation:

Gross domestic product is the total sum of 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 by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

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Anna works on a farm every spring during planting season and every fall during the harvest season. The farm fails to employ Anna
enot [183]

Answer: Seasonal unemployment.

Explanation:

Seasonal unemployment refers to a situation that occurs because of the certain conditions and these conditions are temporary in nature or recurrent. Most of the industries experience a fluctuations in the demand for a product that is based on the conditions.

For instance, suppose a firm produces woolen clothes. We know that the demand for woolen clothes only increases in the winter season. But, once the winter season get over then the demand for woolen clothes decreases as a result unemployment increases. This is a situation of seasonal unemployment.

In our case, Anna lose her job during the summer or winter which indicates that Anna is suffering from seasonal unemployment.

4 0
4 years ago
5. Keisha is renting a one-bedroom apartment but allows her best friend to
Assoli18 [71]

The renter insurance policy will cover:

  • Keisha’s laptop and TV
  • 10% of the cost of her friend’s laptop and headphones

<h3>What is a renters insurance?</h3>

This is an insurance policy that covers losses to personal property and protects the insured from liability claim.

Hence, these insurance policy will provide for compensation for Keisha because she is the property owner and partial (i.e. 10%) coverage for loss of visitors property/

In conclusion, the renter insurance policy will cover Keisha’s laptop and TV and 10% of the cost of her friend’s laptop and headphones

Note: The renters insurance is effected.

Read more about renters insurance

<em>brainly.com/question/26159044</em>

3 0
2 years ago
Lionel is an unmarried law student at State University Law School, a qualified educational institution. This year Lionel borrowe
gtnhenbr [62]

Answer:

Since 2019, the deduction limit for interest expense deductions on qualified higher education loans is $2,500. In order to qualify for this deduction, the taxpayer's adjusted AGI must be less than $85,000 for single filers (Lionel's income is below the threshold).

So Lionel will be able to deduct $1,440 as interest expense (above the line deduction).

Lionel can also deduct $2,500 form the American Opportunity Tax Credit for higher education expenses.

6 0
4 years ago
A payments system based on money is A. more efficient than a barter economy because fewer prices are needed to establish relativ
Alchen [17]

Answer: Option A    

Explanation: A money based payment system is the one in which the transactions involving exchange of goods and services are performed by using a common denomination called money. In such a system any commodity can be valued on the basis of money.

However in a barter system one commodity is exchanged for the other. Therefore, the double coincidence of wants is needed for fulfilling these transactions. The actual value cannot be determined for any commodity.

  From the above we can conclude that the correct option is B.

8 0
3 years ago
The company received an order on December 29 that was boxed and was sitting on the loading dock awaiting pick-up on December 31.
Natasha_Volkova [10]

Answer:

That was a mistake since those gods were part of the company's inventory. FOB shipping point refers to sales transactions where the title of the good is transferred once the goods leave the company's warehouse or shipping dock. In this case, the goods left the company on January 1, so they should have been included in the company's inventory of December 31, and the sales should be recognized during January, not December.

Explanation:

5 0
3 years ago
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