Answer: GNP; GDP
Explanation:
<em>The value of what a Canadian-owned Tim Hortons produces in South Korea is included in the Canadian </em><em><u>GNP </u></em><em>and the South Korean </em><em><u>GDP</u></em><em>. </em>
Gross National Product refers to the total amount of domestic production and foreign production that can be attributed to the residents of a nation.
This means that GNP includes the GDP and income earned by residents of the country in other countries but less the income earned by foreigners in the country. For Canada therefore, the value of goods produced by the Canadian company in South Korea will be added to the GNP.
Gross Domestic Product (GDP) on the other hand is simply the total final value of goods and services produced in a country regardless of if it was foreigners or residents doing the production. The value of what a Canadian-owned Tim Hortons produces in South Korea is therefore included in South Korea's GDP.
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Answer:
c) removing barriers to trade
Explanation:
removing barriers to trade is a goal of the globalization movement.
Answer:
D 0.60.
Explanation:
Elasticity of Supply measure the responsiveness of supply against the change in price of the product.
Using mid point method
Change in Quantity = ( S2 - S1 ) / [ ( S2 + S1 )/2 ]
Change in Quantity = ( 30 - 20 ) / [ ( 30 + 20 )/2 ]
Change in Quantity = 10 / 25
Change in Quantity = 0.4
Change in price = ( P2 - P1 ) / [ ( P2 + P1 )/2 ]
Change in price = ( $20 - $10 ) / [ ( $20 + $10 )/2 ]
Change in price = $10 / $15
Change in price = 0.67
Elasticity of Supply = Change in Quantity / Change in Price
Elasticity of Supply = 0.4 / 0.67
Elasticity of Supply = 0.597 = 0.60
Answer:
Correct option is (d)
Explanation:
Other disclosure related to receivables include further information on the amounts owed to the organization by debtors such as notes receivables and trade receivables. They are reported either on the face of financial statements in the balance sheet or as notes in the financial statements.
This includes additional information about the receivables such as risk associated with it or market value of receivables.