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LuckyWell [14K]
3 years ago
6

Company A produces paper and sells it to Company B for a total of $183. Company B uses the paper to make books and then sells th

e books to consumers for a total of $342.What is the value of GDP in this simple economy?
Business
1 answer:
tester [92]3 years ago
4 0

Answer:

$159

Explanation:

Value = cost of books - cost of paper

342 - 183 = 159

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

the cost of paper is not included because it is an intermediate good and not a final good.

An intermediate good is a good that is used in the production of the final good.

If it is added to GDP, it would result in double counting

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Answer: D. net demander of funds because it borrows more than it saves

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Adriana only buys doighnuts from her favorite local doughnut shop. what type of good is it?
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Moshi and her best friend have phrases they use with each other that have specific meanings. For example, when they’re upset abo
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Answer:

Moshi and her best friend have agreed on the meanings of each of the symbols.

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A symbol is a thing that is used to represent something else, particularly when a physical object is used to represent an abstract thing.

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3 years ago
For each of the following:
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Answer and Explanation:

As we know that

The assets, expenses contains debit balance while the liabilities, revenues and stockholder equity contains credit balance

So based on this, the classifications are as follows

Particulars    Type of account    Normal balance    Debit or credit     Reason

a. Land            Asset                      debit                       debit            resources on the owners hand        

b. Cash            Asset                      debit                       debit            resources on the owners hand

c. Legal Expense  = expense        debit                        debit         consumption of cost

d. Accounts Receivable      Asset                      debit                       debit      resources on the owners hand

e. Dividends    =     Equity                debit                          debit   distribution made to owners

g. Notes Payable =   Liability            credit                          credit    obligation made to creditors

h. Common Stock = Equity               credit                         credit    investment done by the owners

8 0
3 years ago
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Answer:

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A speculative operation seeks not to enjoy the good or service involved, but to obtain a benefit from the price fluctuation based on the theory of arbitration. In an extensive sense, every form of investment that a medium entails is speculative; However, the term is usually applied to that investment that does not entail any kind of commitment to the management of the assets in which it is invested, and is limited to the movement of capital (financial market), usually in the short or medium term.

The speculation is based on the forecast and the perception, so that the speculator can also be wrong if he does not correctly anticipate the evolution of future prices, so he will have to sell cheap something he bought expensive. The speculative market therefore rewards those who know how to predict.

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3 years ago
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