Answer:
Nominal GDP in year 1 = $16
Nominal GDP in year 2 = $25
Nominal GDP in year 3 = $36
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
Nominal GDP is GDP calculated using current year prices
Nominal GDP in year 1 = 4 x $4 = $16
Nominal GDP in year 2 = 5 x $5 = $25
Nominal GDP in year 3 = 6 x $6 = $36
Answer:
Infant-industry argument
Explanation:
Infant-industry argument says that a particular industry can't compete with other international competitors because of the economies of scale. So, they demand a temporary protection until they gain economies of scale to be ready to compete on a level playing field.
Note: This can also come in the category of 'unfair competition' argument as huge economies of scales of well established companies create an unfair environment for nascent industries to compete on a same level.
Answer:
Income Statement
Sales $7.500
Salaries expense -$1.300
Utilities expense -$1.100
Net Income 5.100
Explanation:
<span>Crop rotation. Crop rotation is growing a series of dissimilar or different types of crops in the same plot in sequenced seasons. Peas, like other legumes, are nitrogen fixing crop. They recover depleted nitrogen and other nutrients squeezed out by the organic corn, making nitrogen available to the soil for use again. This practice takes advantage of the uniqueness of each crop make use of diverse natural and ecological resources present in the soil to maximize yield and increase output. The organic corn requires a lot of nutrient for root growth and with repeated use, the available nutrients has gotten depleted. Planting legumious crops which are good nitrogen-fixers will help to recover lost nutrient.</span>
Incomplete question. However, I answered from a general research perspective.
<u>Explanation:</u>
<em>What role do sources play in validating an argument?</em>
Well, the term source basically refers to the originator of any information. We have sources that are considered <em>credible sources</em> (like Encyclopedia, Journal Magazine, Newspaper, etc) and others that are considered <em>incredible sources </em>(general social media post). Knowing the kind of source could thus help validate an argument.
Relying on the internet to provide complete and truthful information is difficult considering the amount of fake news available today.
