Answer:
The answer is C.
Explanation:
Gross Domestic Product is the total market value of all final goods and services produced within a country during a given period of time. It is usually a year.
In calculating, GDP, we have expenditure approach, income approach and value-added approach.
In this question, the expenditure approach will be used to explain the answer to this question.
To calculate GDP using expenditure approach, the formula is:
C + I + G + (X-M)
where C is the consumers' spending
I is the investment spending
G is government spending
X is the exports
M is the imports.
The correct answer is C. firms purchases of inventories is part of investment spending. Firms can purchase raw materials(inventory) and process it into finished goods(inventory). The change in inventory(difference between the closing inventory and opening inventory) is part of the calculation of investment spending.
Households buying inventories(finished goods) is part of consumers' spending and not investment spending.
Answer:
Refer below for the explanation.
Explanation:
Jamie lee is inside all the suggested parameters set for an understudy life in spending costs of housing, transportation, savings, and entertainment. Her sparing is marginally over the suggestion of 10%, with her ascertaining proportion at 11%.
Complete Question:
What advantages can Kim Ping expect if she decides to export her ducks to Morocco? Check all that apply.
- Foreign importers will pay manufacturing costs, allowing Kim Ping to offer her ducks at a more competitive price.
- Kim Prin will have better control over how her products are made than she will have with other forms of globalization.
-The market for Kim Ping's toys will expand, making it less dependent on her home market.
- Kim Ping's ducks will cost less because of reduced tariffs, making her more competitive.
Answer:
-The market for Kim Ping's toys will expand, making it less dependent on her home market.
Explanation:
Kim Ping's globalization efforts will help it to enjoy expanded markets. Expansion into foreign markets makes firms less dependent on their home markets. They can produce more goods at less costs because of the advantage of large scale production that becomes possible with expanded markets. As Kim Ping expands into the global market it becomes more efficient because it reviews its production systems to suit the global market. The expansion of Kim Ping into Morocco will also benefit the local market as consumers have expanded choices.
Answer: True
Explanation: The slope of the production function measures the change in output for each additional unit of input (the marginal return). It can be observed that the production function becomes flatter as more number of input is added. This exhibits the property of diminishing marginal return where at some point, adding an additional factor of production results in smaller increases in output. At this point, the effectiveness of each additional unit of input decreases.