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LenKa [72]
3 years ago
6

Do government statisticians calculate GDP by simply adding up the total sales of all business firms in one year? Explain.

Business
1 answer:
Contact [7]3 years ago
7 0

Answer:

No

Explanation:

No, because the gross domestic product is determined by encompassing the final product. If the total sales are used to determine the GDP then the false value of GDP will come up because the problem of double counting will arise. Many firms sell their goods to other firms which is intermediate goods for the other firms.

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Fifteen percent of the students in a school of Business Administration are majoring in Economics, 20% in Finance, 35% in Managem
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D/ both a bar and pie graph can be used
4 0
4 years ago
Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowner’s insurance policy is $6
oksian1 [2.3K]

Answer:

1. 48 dollars

2. 30 dollars

Explanation:

The yearly premium on their homeowner's insurance policy is $600 for the coverage they need.

Their insurance company offers a discount of 8 percent if they install dead-bolt locks on all exterior doors.The couple can also receive a discount of 5 percent if they install smoke detectors on each floor.

1. What discount will Dave and Ellen receive if they install the dead-bolt locks?

discount for deadbolts =

Discount % x Premium

0.08 x 600 = 48 dollars

b. What discount will Dave and Ellen receive if they install smoke detectors?

discount for deadbolts =

Discount% x Premium

0.05 x 600 = 30 dollars

5 0
4 years ago
One key role of marketing is ______
andre [41]

Answer:

3. Looking outward by listening to customers

Explanation:

This particular role assist in retaining customers by creating new opportunities to win customer loyalty and business.

8 0
4 years ago
if an item of clothing costs a manufacturer R60 to make,how much profit was made per item if 10 items were sold for R1200​
postnew [5]

Answer:

600

Explanation:

60×10=600 (this is the cost)

1200-600=600

3 0
3 years ago
A company is offering to pay a stadium for naming rights. If the administrative costs for this sponsorship are $78,000, and thes
docker41 [41]

Answer:

The amount of $71,760  , is offered by the company for the stadium naming rights.

Explanation:

As the total cost for the sponsorship is $78,000 but the cost has 8% revenue for the naming sponsorship. Therefore,

= Amount × % of revenue

= $78,000 × 8%

= $6,240

In order to compute the amount which is offered to pay for the stadium rights, the revenue amount to be deducted from the administrative cost:

= Cost - Revenue

= $78,000 - $6,240

= $71,760

6 0
4 years ago
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