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sertanlavr [38]
3 years ago
10

Last year, a small nation with abundant forests cut down $200 worth of trees. $100 worth of trees was then turned into $150 wort

h of lumber. $100 worth of that lumber was used to produce $250 worth of bookshelves. Assuming the country produces no other outputs, and there are no other inputs used in the production of trees, lumber, and bookshelves, what is this nation's GDP
Business
1 answer:
borishaifa [10]3 years ago
4 0

Answer:

$400

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

Net export = exports – imports

Inventory grew by (200 - 100) $100

$50 of value was created

total gdp = $100 + $250 + 50 = $400

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Answer:

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The given graph given from the question is attached below (Image 1-2)

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How did the captains of industry like j. p. morgan respond to signs that the stock market was about to collapse?
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3 years ago
Billie transferred her 20 percent interest to Jean Company as part of a complete liquidation of the company. In the exchange, sh
7nadin3 [17]

Answer:

A) $200,000 loss recognized by Jean and a basis in the land of $200,000 to Billie

Explanation:

The computation is shown below:

For loss recognized, the amount would be

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= $400,000 - $200,000

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Hence, the correct option is A

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3 0
3 years ago
George owns a custom pottery business where he makes all types of mugs and drinkware. Which of the following products would dram
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Answer:

a. glass coffee mugs

Explanation:

As we know that the glass coffee mugs and the pottery mugs are the subsitutes goods. In the case when the price of glass coffee mugs would decline so it would more consume due to which the demand of the pottery mugs would reduced

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Answer:

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5 0
4 years ago
Read 2 more answers
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