Answer:
Options (a), (b) and (d) are correct.
Explanation:
Gross domestic product refers to the total value of production of goods and services during a period of time within the boundaries of the nation. GDP of a nation also represents the standard of living of that nation. If the GDP of a nation increases then it is assumed that the standard of living of that nation also increases.
But there are some flaws or loopholes in this assumption as non-marketing activities and the underground economy makes the GDP an imperfect measure of a particular economic activity.
Is doesn't includes the quality of goods received by the consumers as it doesn't contribute towards GDP of a nation.
It doesn't takes into account the non-market activities such as self service and house work. If a person is cleaning his home then this doesn't contribute towards GDP but if he hires someone to do the same job then then this will contribute towards the calculation of GDP as it is counted as a consumption expenditure.
Loss of enjoyment will also not counted while determining the GDP.
Government pay checks to soldiers will be included in the GDP because it increases the GDP of a nation.
Answer:
<em>Countries will completely specialize in the product in which they have a comparative advantage if free trade is allowed to occur. ( first choice)</em>
Answer:
just copy and paste something random in there, they only grade it for completing it they don't go back and check
Explanation:
I take that class in edmentum
Product Liability Law is the legal obligation of sellers to pay damages to individuals who are injured by defective or unsafe products.
Answer:
b.$1,027,500
Explanation:
First we need to find the number of bonds issued so we will divide 1,000,000 by 100 as we assume 100 is the face value. 1,000,000/100=10,000
Now we will multiply the number of bonds by the issue price in order to find the amount of cash received.
10,000*102.75=1,027,500
