1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
fiasKO [112]
2 years ago
8

You purchase a new car (produced this year) for $38,000. After six months, you sell the car for $31,500. How much does GDP rise

because of these two transactions?
a. GDP rises by $38,000
b. GDP rises by $31,500
c. GDP rises by $69,500
d. GDP rises by $6,500
Business
1 answer:
kobusy [5.1K]2 years ago
5 0

The GDP should be rise by $38,000 due to these two transactions.

The following information should be relevant:

  • GDP is the Gross domestic product. It is the amount that should create value-added at the time when the goods & services are produced.
  • It is the amount where the item should be firstly purchased.
  • Like in the given situation, the new car should be purchased for $38,000.
  • And, after six months the car is sold for $31,500.

So, the sale value does not create any value-added.

Therefore we can conclude that The GDP should be rise by $38,000 due to these two transactions.

Learn more about the GDP here: brainly.com/question/15682765

You might be interested in
How can international trade agreements lead to economic growth
LUCKY_DIMON [66]
To answer the question above on how can international trade agreements lead to economic growth is that it can boost the country's development special to the third world country or other poor country that needs to open their market benefiting that it earns because of more investments coming in.
3 0
3 years ago
Progressivism dbq where will you put your million dollars answers
lyudmila [28]

The correct answer to this open question is the following.

Unfortunately, it seems that something is missing here. "Progressivism, where will you put your million dollars answers?" is the section of the examination, but it is not a specif question.

So what is what you want to know?

However, trying to offer some help, we can comment on the following.

Progressivism was the period in the history of the United States during the end of the 1800s and the beginning of the 1900s, in which many social leaders demanded changes to the consequences of the industrial era and exposed the ways fabrics and industries exploited workers and children. It also was a time when "muckraker" journalists exposed the corruption of the federal government. It was a true time of changes in America.

Those progressive leaders and their ideas made the government to create the kind of legislation to change things for the better in the country.

6 0
3 years ago
Olivia’s employer deducts an amount from her paycheck for the medicare program. What type of withholding is being deducted from
hjlf
If your choices are:
A) tax exemption
B) local withholding
C) state withholding
D) Social Security

Then the answer is D) Social Security. It is from the government which gives the citizens to have the right to be admitted or to give insurance for the health.
6 0
3 years ago
Read 2 more answers
When units are moved from one processing department to the​ next, the cost associated with those units must also be moved from o
KonstantinChe [14]

These costs​ called as Transferred costs.

<h3><u>Explanation:</u></h3>

The costs that are accumulated during the time of  upstream production process in a firm refers to Transferred costs. These are associated with the goods that are transferred to the next department of a business from one department. With this product there will be a continuation of the production process.

These are semi finished goods that are transferred for the purpose of continuing the production process. When these units are moved form the  processing  department to the next department, these transferred cost will be transferred from one work in process account to the next account.

7 0
3 years ago
The text reports the results of a test for the significance of the difference in average income for random samples of males and
Ne4ueva [31]

Answer:

The answer is letter D.

Explanation:

The difference is statistically significant, large, and important.

3 0
3 years ago
Other questions:
  • Which two factors explain why Great Britain’s economy experienced a period of stagnation after World War I?
    5·2 answers
  • Congratulations! Your portfolio returned 17.5​% last​ year, 2.2​% better than the market return of 15.3​%. Your portfolio had a
    12·1 answer
  • Another bank is also offering favorable terms, so Raphael decides to take a loan of $15,000 from this bank. He signs the loan co
    12·1 answer
  • If a parcel of land that was originally purchased for $85,000 is offered for sale at $150,000, is assessed for tax purposes at $
    13·1 answer
  • An investor who purchases stock in a closely held corporation with a small number of outstanding shares should be MOST concerned
    15·1 answer
  • Grace Owen formed a corporation with three of her friends for purposes of operating a catering company. Grace used her own check
    5·1 answer
  • Which of the following is not a factor in determining whether an agent is a servant or independent contractor? level of supervis
    5·1 answer
  • Year Nominal GDP Real GDP GDP Deflator (Dollars) (Base year 2016, dollars) 2016 2017 2018 From 2017 to 2018, nominal GDP , and r
    6·1 answer
  • Beginning raw materials inventory $ 15,200 Raw material purchases 60,000 Ending raw materials inventory 16,600 Beginning work in
    13·1 answer
  • Information of Company X:
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!