1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aleonysh [2.5K]
2 years ago
9

Personal Consumption Expenditures$4,500 Consumption of Fixed Capital150 Gross Private Domestic Investment800 Government Purchase

s950 Exports65 Imports85 Refer to the accompanying data about a hypothetical economy (in billions of dollars). GDP in this economy is Multiple g
Business
1 answer:
Natali [406]2 years ago
8 0

Answer:

The GDP in this economy is $6,230 billion.

Explanation:

The GDP can be calculated using the following formula:

Y = C + I + G + (X - M) ....................................... (1)

Where:

Y = GDP of the economy

C = Personal Consumption Expenditures = $4,500

I = Gross Private Domestic Investment = $800

G = Government Purchases = $950

X = Exports = $65

M = Imports = $85

Substituting the values into equation (1), we have:

Y = $4,500 + $800 + $950 + ($65 - $85)

Y = $6,250 - $20

Y = $6,230

Since the figures are in billions of dollars, the GDP in this economy is therefore $6,230 billion.

You might be interested in
One way of controlling "nuisance" variables is to match the various groups by picking the confounding characteristics and delibe
jonny [76]
Dang I used to know this but I completely forgot I will try to answer if it comes back to me
5 0
3 years ago
Melissa is the supervisor of customer service and she directly oversees the work of four customer service specialists. melissa w
antoniya [11.8K]
First line manager - This is because she is mandated with making short-term decisions directing the daily tasks of non-managerial personnel. She cannot make any major decisions concerning the production process. However, she is an important source of information about worker satisfaction for higher management to take into account in their organizational planning process.



8 0
3 years ago
Accessories not installed by the original equipment manufacturer (OEM) can be difficult to diagnose :_________
RoseWind [281]

Answer:

the warranty may have expired

Explanation:

  • Warranty is not guaranteed. This is just a promise. It can be enforced if specified by the award for legal compensation for damages
  • Warranty is a condition of the contract or the innocent word "does not go to the source of the contract" and only damages the innocent party
  • Sometimes manufacturers allow you to purchase an extended warranty after your original warranty expires.
  • If you do not have any warranty compared to the equipment installed by the original equipment manufacturer (OEM), it is difficult to confirm.
7 0
3 years ago
2. Matthew bakes apple pies that he sells at the local farmer’s market. If the price of apples increases, the a. supply curve fo
nikklg [1K]

Answer:

The correct answer is option b.

Explanation:

Mathew bakes and sells apple pies. Apple here is used as an input. If the price of apple increases, it means the cost of producing apple pies is increasing as well.

At the given cost the firm will be able to produce fewer apple pies. This will cause a reduction in the supply of apple pies. Consequently, the supply curve will shift to the left.

5 0
2 years ago
An avocado orchard employs five full-time workers.​ Currently, the average product of labor is 120 pounds of avocados per day. T
Elenna [48]

Answer:

125 pounds

Explanation:

Firstly, we need to know the total product of labor of the five full time workers.

This is equal to 120 * 5 = 600 pounds

The last worker is 150 pounds

The total now is 600 + 150 = 750 pounds

The average product of the six workers will now be 750/6 = 125 pounds

7 0
2 years ago
Other questions:
  • Roughly what portion of u.s. total health spending is paid for by private and public insurance?
    9·1 answer
  • During the current year, Sedgewick Inc. had sales on account of $264,000, cash sales of $108,000, and collections on account of
    14·1 answer
  • The supply of tablet computers is linear and upward sloping, and the demand for tablet computers is linear and downward sloping.
    6·1 answer
  • The ____ method indicates whether value is expected to be created for shareholders
    6·1 answer
  • Problem 10-3A On January 1, 2017, Evers Company purchased the following two machines for use in its production process.
    8·1 answer
  • In economics, what is the meaning of the phrase 'the tragedy of the commons?' Goods that are not rivalrous but are excludable ar
    9·1 answer
  • Lizzy’s is a retail clothing store, specializing in formal wear for weddings. They purchase their clothing for resale from speci
    14·1 answer
  • Walter used to work as a high school teacher for $40,000 per year but quit in order to start his own painting business. To inves
    9·1 answer
  • Explain why socialist societies do not use a circular flow chart.
    12·1 answer
  • When employees deliberately work at a slower pace than their capabilities, it is called:_______
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!