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Mkey [24]
3 years ago
8

Define business inventories and explain how they are counted in GDP.

Business
1 answer:
Liono4ka [1.6K]3 years ago
8 0

Answer:

Business Inventories refer to the excess of goods produced over goods sold. In a given year, final goods and services are produced for sale so they are consumed. However, not all of these goods are consumed with the rest being consumed in another period. These goods that were not sold for consumption will then fall under Business Inventories.

When accounting for them in GDP, only the increase in Inventory is added. This way the inventory is accounted for in the year that it was produced in. Specifically speaking, Inventories fall under the <em>Investment</em> component of GDP and is typically referred to as <em>Inventory Investment</em>.

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miss Akunina [59]

In creating a personal commercial, one have to give a conversational and natural oral presentation. One can start with:

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<h3>What is a personal commercial?</h3>

Others are:

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A personal commercial is known to be a short introduction that a person often give to a specific employer, mentor, or others.

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6 0
2 years ago
If you're paying a bill for the office that has "5%, 10 days" stamped across it, how much would you write a check for if you wer
Goryan [66]
A check will be written with the amount of $95. A sales discount, like 5%, 10days, simply means, you'll get 5% discount if paid within 10 days from the date of invoice. 

If you pay within the discount period, say 6 days from the invoice date, instead of paying $100, you'll pay just $95 ($100 × 95%). Computed another way as, ($100 - ($100 × 5%)).
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4 years ago
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An institution is a significant practice, relationship, or organization in a society. Institutions shape the environment in whic
Artemon [7]

Answer:

a. Private Property Rights

b. Political Stability and Rule of Law

c. Open and Competitive Market

d. Private Property Rights

Explanation:

a. By defining private property Rights and giving people a chance to own resources, Individuals will strive to own more and more of such rights and so will produce as much as they can so as to afford such rights.

b. When a nation is Politically stable and respects the Rule of Law, investment payoffs are easier to predict than in a country where instability can threaten to degrade investments such that the payoffs will be lost. For example, think of all the Western firms that lost money when the Shah of Iran was overthrown by the Ayatollah.

c. Specialization is more likely to occur in nations with Open and Competitive Market. An Open Market means that goods can come in from the outside easily. This will have the effect of the country being able to import goods that cost a lot to produce locally and instead focus on producing those goods that they are well adept at producing. This is Specialization. Also as a result of competition, companies will strive to find better ways to make profit above competitors and come up with more efficient ways of Production as a result.

d. The Xiaogang Agreement refers to an agreement by farmers in Xiaogang to subdivide their lands in secret so that they would each own a small part of it. As a result, the farmers had an incentive to produce for themselves as they now owned resources that they could benefit from. This right to Private Property led to a huge boom in Agriculture.

5 0
4 years ago
*<br> What items make an Water based stain?
kumpel [21]

Answer:

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Explanation:

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