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
svlad2 [7]
3 years ago
5

Portland Sardines produced $14 million worth of cans of sardines. In producing these cans of sardines, it purchased $2 million d

ollars' worth of tin from foreign countries and paid workers who reside in Canada but commuted to the U.S. $1 million, all other labor was provided by U.S. residents. How much of the company's production was included in U.S. GDP
Business
1 answer:
Rudiy273 years ago
7 0

Answer:

$12 million

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

contribution to GDP = value of final good - value of intermediate good

14 = 2 = 12

You might be interested in
What is it called where consumers react to rising prices by consuming less of a good and more of it's competitors?
adelina 88 [10]

Answer:

Substitute Effect

Explanation:

When a product's price increases, it becomes relatively expensive compared to its alternatives. The high price will encourage consumers to choose other goods that are relatively cheaper. Consequently, the price increase reduces the demand for the product while increases the demand for its substitutes.

The substitution effect describes how consumption is affected by an increase or a decrease in a product's price.

6 0
2 years ago
Max and nora have modified agi of $75,000, and adopted a little boy from san antonio, texas, in the current year and incurred a
miskamm [114]

Answer:$9,000

Explanation:

The tax credit offered to adoptive parents to encourage adoption is reffered to as ADOPTION TAX CREDIT. The adoption tax credit is a nonrefundable tax credit. This means that people owing taxes are also fit or qualified to apply for the adoption tax credit.

In the United States of America, adoption tax credit qualified expenses include court costs, traveling expenses, lawyer's or Attorney's fee and other expenses for legal adoption of an eligible child.

It can be calculated by subtracting

the max's employer provided for the couple with adoption benefits of $4,000 from the incurred expenses of a total of $13,000 in qualified adoption expenses(from the question).

That is; $13,000-$4,000.

= $9,000.

Hence, the maximum amount of adoption credit they can take this year is $9,000.

4 0
2 years ago
If Food Markets were to acquire Meat Processors, the acquisition would be classified as a _____ acquisition.
EleoNora [17]

Answer:

a. Vertical

Explanation:

The vertical acquisition means the acquisition where the company purchased one of the suppliers. Like the manufacturing company buys the product i.e. not fully developed so here for fully developed the company purchased out its supplier so this we called as a vertical acquisition

Now as per the given situation since the food markets would be purchased Meat processors so this represent the vertical acquistion

hence, the correct option is a.

5 0
3 years ago
Which of the following best describes a surplus?
muminat

Answer:

C. there is more supply than demand

Explanation:

surplus means extra so there's more in supply than demand

7 0
3 years ago
Read 2 more answers
Hi i"m new i'm Niyah know as Ken'Niyah
STatiana [176]
Hello im Liam.......
3 0
3 years ago
Other questions:
  • Ranchland Properties and Prairie State Investments sign a written contract for a sale of land. In some states, to be enforceable
    12·1 answer
  • How do i cancel my account i made because it does not work
    15·2 answers
  • LO 1.5What is corporate social responsibility, and who are the stakeholders?
    13·1 answer
  • The SRAS curve is upward rising because:
    13·1 answer
  • Scenario: You are an American Red Cross Disaster Program Specialist in charge of teams trained to help in sheltering displaced p
    5·1 answer
  • On December 15, 2021, Rigsby Sales Co. sold a tract of land that cost $3,800,000 for $5,000,000. Rigsby appropriately uses the i
    10·1 answer
  • Amanda has no credit history. She asks her friend Tricia for advice on how to establish credit history. What is the BEST advice
    5·1 answer
  • Your and your business partner bake bread to be sold at the Madison Farmer's Market every Saturday. You calculate the underage c
    5·1 answer
  • Rolling Hills Golf Course is planning for the coming golfing season. Investors would like to earn a 10% return on the company's
    13·1 answer
  • What is a DBA name, and when does a company need one?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!