All categories

3 years ago

Label the statements as increasing GDP in either Canada or the United States.

Business

1 answer:

Sidana [21]3 years ago

5 0

Answer:

Increasing Canadian GDP:

-Toyota, a Japanese company, manufactures cars in Toronto, Ontario.

-ATI Technologies, a Canadian company, operates in Alberta.

Increasing American GDP:

-Toyota, a Japanese company, manufactures cars in San Antonio, Texas.

-Starbucks, a U.S. company, opens stores in New York state.

-Tim Horton's, a Canadian company, opens coffee shops in New England.

Explanation:

Gross domestic product (GDP) is the sum of all final goods and services produced in an economic space for a certain period, usually one year, excluding the intermediate consumption used in production. Until the 1980's, the use of Gross National Product (GNP) was preferred, a measure almost identical to GDP but incorporating goods and services produced by external factors. The variation in this macroeconomic magnitude is often used to measure economic growth.

You might be interested in

Steve is a fan of the los angeles lakers basketball team. with little provocation, he will engage you in a debate about whether

natima [27]

Steve may be considering bias. Bias is a way of favoring another in a way that it is unjust. It is a way of comparing two things but only favors the other for the person's liking or convenience. It could be seen above as to how Steve behaves as he tries to compare his favorite team which is the los angeles basketball team to other team players and debates with provocation because he favors his team more than the other.

5 0

3 years ago

Professor Very Busy needs to allocate time next week to include time for office hours. He needs to forecast the number of studen

Serhud [2]

Answer:

b. 77

Explanation:

The formula for forecasting is :

$F_{t}$ = $\alpha D_{t-1}$ + (1 - $\alpha$ ) $F_{t-1}$

where $F_{t}$ is forecast for the period and $D_{t}$ is the actual demand for the period.

Last week forecast is = $\alpha$ * Demand 2 weeks ago + (1 - $\alpha$ ) * Forecast 2 weeks ago

0.2 * 65 + (1 - .02) * 90 = 13

Current week forecast is = $\alpha$ * Demand Last weeks + (1 - $\alpha$ ) * Forecast Last weeks

0.2 * 50 + (1 - 0.2) * 83 = 77.

6 0

3 years ago

An individual's income rises from $77 comma 000 per year to $82 comma 000 per year, and as a consequence the person's purch

Sonja [21]

Answer:

16.67

normal

Explanation:

Income Elasticity of Demand = $\frac{Percent Change In Quantity Demanded}{ Percent Change In Income}$

% change in movie downloads = (4 - 2) / 2

% change in movie downloads = 2 / 2

% change in movie downloads = 1

% Change in quantity demanded = 100%

% change in income = ($82,000 - $77,000) / $77,000

% change in income = $5,000 / $77,000

% change in income = 0.06

% change in income = 6%

Income Elasticity of Demand = 100% / 6%

Income Elasticity of Demand = 16.67

When the Income Elasticity of Demand is positive, it is usually Normal Goods. As Income goes up, similarly the movie downloads or quantity demanded going up. So, this is a normal good.

4 0

3 years ago

Grayhawk Company reported net credit sales of $588,000 for the year ending December 31, 2019. On January 1, 2019, the Allowance

Sever21 [200]

Answer:

D) $8,040

Explanation:

<u>Credit Sales Method:</u>

Bad Debt Losses = 3% of Credit Sales

Bad Debt Losses = 0.03 x $588,000

Bad Debt Losses = $17,640

<u>Adjusted balance in the Allowance for Doubtful Accounts:</u>

Bad Debt Losses - (uncollectible accounts receivable - Allowance for Doubtful Accounts)

$17,640 - ($24,000 - $14,400)

$17,640 - $9,600

$8,040

5 0

3 years ago

A. drake wins $100,000 and peter wins $75,000.

emmasim [6.3K]

How about Drake just beats Peter by becoming a world-renown rapper and earning a net worth of +$60 million?

But seriously, what's the question?

3 0

3 years ago