As per the given case, the amount that is added to GDP is $350.
<h3>What do you mean by GDP?</h3>
GDP refers to the measure of all final goods and services that have been bought by the final user produced in the country.
As per the given case, Farmer smith bought seed and fertilizer for $100. He grew wheat that he sold to the wander bread company. Consumers bought the bread from the grocery for $350. Therefore, it was added to the GDP.
So, $350 was added to the GDP.
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Answer:
Globalization
Explanation:
Globalization is use to lead the outsourcing. This economy is helpful for the developing countries where the international trade could be possible. The living standard of the developing countries could also be improved by outsourcing. The new markets could be opened and the ideas could be exchanged among the globe. This is the approach that the globalization could play a role to exchange the resources among developing countries and keep a balance between develop and under develop country of the world.
The developed countries usually do outsourcing to the developing countries where the labor is not much expensive likewise the developed countries. In this way the developing countries get the work which is been outsourced by the developed countries , so they get jobs and opportunities for the people.
In fact we must say that global economy has increased the income of the developing countries as well and expanded own market as well on low wages. Global economy use to expend and catalyze own economy by giving the labor task to developing country on low peanuts where the labor cost is also very less. It help the people to improve and increase the income in the poor countries as well.
Global economy has very positive impact on the world income by accelerating it by outsourcing the trade ,work or commodities. It played a role to unite the whole world indeed. It help them to trade with every country and it has boosted the foreign income as well. Global economy is a vital role in the elimination of the poverty around the globe.
Global economy is playing a vital role in outsourcing the IT skills and expanding the technology around the globe even in the developing countries as well. Now every small country is excelling in the technology industry due to this outsourcing.
Answer:
Small business institute
Explanation:
Small business institutes are centers created at universities to provide advice to business owners to help them start and run their companies. The business consulting is free and these institutes also provide students the opportunity to help businesses and apply what they have learnt. According to this, the answer is that this is called a small business institute as students are providing advice to small businesses.
Say if you got a house loan, the bank company is out around let's say 300,000, until you pay it back, the bank will have less money and will affect what the bank does with its money like...well we've given out 4,000 loans, we may have to consider not giving out many more until this one is payed off.
Answer:
Less; more; more.
Explanation:
Depreciation can be defined as a process in which the monetary or financial value with respect to an asset decrease or falls over time as a result of wear and tear.
This ultimately implies that, depreciation is a process which typically involves the general fall in the value of an asset such as currency, plant equipment or machinery etc over a specific period of time.
Basically, in a floating exchange rate system, a fall or decline in the value of a currency with respect to another currency is generally referred to as currency depreciation.
As the dollar price of a foreign currency (for example, dollars per yen) decreases, foreign goods will be less expensive, more foreign goods will be purchased, and more foreign currency will be demanded.
<em>Hence, if the currency of a foreign country is depreciating, this should stimulate import (more foreign goods will be purchased) because these foreign goods will become relatively less expensive as a result of a fall or decline in the currency and vice versa. </em>