Sam pays Better Buy $1,000 to install a new high -definition television (HDTV) on his living room wall. He's attracted by Better Buy's guarantee that he'll be happy with the new HD1V, or he'll get his money back. ? Better Buy pays Firedog $900 to install the HDTV. ? Firedog buys hardware worth $150 from The Home Station. Assume that The Home Station gets the hardware for essentially nothing and that other costs are $0. To compute the contribution to GDP using the expenditure approach. Which of the following would be included in the expenditure method of calculating GDP? Check all that apply. Sam spends $1,000. El Better Buy spends $900. El Firedog spends $150. The total contribution to GDP, measured by the expenditure method,
Answer:
Sam spending of $1000
Explanation:
Sam's expenditure is a household consumption expenditure
Since AE = C + I + G + NX
where AE = aggregate expenditure for GDP
C = household consumption
I = investment on capital goods
G = government expenditure
NX = net export.
Answer
The correct option is C) Yes it is true that Education is an ordinal scale.
Explanation:
An ordinal scale is a form of measurement that shows ranking of data in an order that does not necessarily establish the degree of variation between them
As a rank order, Ordinal Scale assign numbers to objects to determine the relative extent to which certain characteristic is possessed.
Education is an ordinal scale and the objects of this research was assigned in the following order:
- "Less than High School,"
- "High School,"
- "Some College,"
- "College+."
