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Naya [18.7K]
3 years ago
7

The intermediate goods are not counted in the calculation of GDP, because: * 2 points A. that involves double-counting. B. these

goods are not produced for the market. C. these are produced in the underground economy. D. these goods involve financial transactions. E. these goods were not produced in the current year.
Business
1 answer:
7nadin3 [17]3 years ago
6 0

Answer:

A. that involves double-counting.

Explanation:

Imagine a company that produces furniture. If we would include the wood, the nails, the wood paint, etc., were included in the calculation plus the furniture itself, you would be double-counting the cost of the manufactured furniture. If you consider waste materials, then you would be adding even more costs. That is why you only consider finished goods.

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Which of the following would likely be covered under homeowners insurance but NOT by renter's insurance?a. Your basement floods,
VladimirAG [237]

Answer:

C

Explanation:

The answer is a tree branch breaks your bedroom window during a storm because this is covered by the homeowners insurance and not by the renters insurance

Renter’s insurance does not cover building or Structure on sites

7 0
3 years ago
Steven lives in a big city where there is a shortage of parking. He has a parking spot in his driveway where he parks his car. W
DENIUS [597]

Answer:

The correct answer is option C.

Explanation:

The opportunity cost of any economic decision is the cost of giving up its alternative. We are aware that we have limited resources with alternative uses and we have to use these resources to satisfy alternative needs and wants. In order to increase spending resources on one thing, we need to decrease spending on its alternative.  

Here, the parking spot on the driveway can be used for personal use or can be used for renting. The opportunity cost of using the spot for personal parking is the money that could have been earned by renting it to others.

5 0
3 years ago
When the seller requires that only certain dealers carry its products and also that these dealers not handle competitors' produc
RUDIKE [14]

Answer:

exclusive dealing

Explanation:

Exclusive dealing -

It is the method , where a deal is set up between a specific supplier and the wholesaler or the retailer , where the no other distributor would be able to receive the supply , is referred to as exclusive dealing.

In this scenario no other dealer can not handle the product in any case.

Hence , from the scenario of the question,

The correct option is exclusive dealing .

3 0
3 years ago
The debt created by a business when it borrows from a vendor or supplier is called a(n):
Tatiana [17]

Answer: Account payable

Explanation:

 The account payable is one of the type of department which track all the expenditures, purchasing order statement and the payment.

The main responsibility of the account payable is that it maintain all the historical records of the payment and also balance all the debt system. It is the process of recording all the important information or the data.  

According to the given question, the debt basically created by the business during the process of borrows  from the supplier or the vendors is known as the account payable.  

3 0
3 years ago
Read 2 more answers
Which of the following expenditures would not be included in GDP?
ozzi

Answer: Option B  

       

Explanation: In simple words, GDP refers to the market value or the price of goods and services that are produced in an economy within a year. It constituents are consumption, investment , government expenditure and net exports.

The purchase of ticket and new lawnmower is a consumption while the silver cup belongs to some previous year.

Hence the correct option is B .

6 0
3 years ago
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