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Anvisha [2.4K]
2 years ago
5

The sale of a used automobile would not be included in GDP of the current year because it is ________.

Business
1 answer:
Aleks04 [339]2 years ago
5 0

The sale of a used automobile would not be included in GDP of the current year because it is not current production.

<h3>What is GDP?</h3>

GDP which full meaning is gross domestic product is use to determine the market value of goods and services or products  in the market.

The sale of a used automobile will be excluded in the gross domestic product of the current year because is not a current production.

Which inturns means that the product (automobile) has already been used and therefore will not be counted.

Inconclusion the sale of a used automobile would not be included in GDP of the current year because it is not current production.

Learn more about GDP here:brainly.com/question/1383956

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The chart gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP
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Answer:

Explanation:

The chart below gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP for both years. Use 2017 as the base year.

Year                 2016             2017  

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Ice Cream $7.00        600      $3.00 400

Blue Jeans $70.00          20       $20.00   90

Laptops       $300.00            5       $300.00     5

2016 nominal GDP = $_(7 x 600) + (70 x 20) + (300 x 5)_ =  $7,100

2017 nominal GDP = $_(3 x 400)+(20 x 90) + (300 x 5)_  = $4,500

2016 real GDP = $__(7100-4500)/ 4500)) / change in ice cream price of 50%+ change in blue jean price of (70-20/20) 250%_______

= 0.57/3 = 0.19% growth. Technically the economy was better in 2016 than in 2017.

2017 real GDP = will be same as nominal, hence no growth  since this is the base year

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3 years ago
What are the job training/education requirements for being a judge?
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6 0
3 years ago
Choose the best answer:
Juli2301 [7.4K]

Answer:

Option B is correct.

Explanation:

Option A is incorrect because the expected return must be greater than the marginal cost of the capital which means that the Net Present Value must be positive.

Option B is correct because the increase in cost of debt or capital would increase the weighted average cost of capital. This is because weighted average cost of capital is directly proportional to cost of capital sources.

Option C is incorrect because its not the cost of one of the capital sources, actually it is the weighted average cost of capital which when starts increasing at a point due to increase in the level of financing is known as breaking point.

So the only statement that is correct is option B.

Kindly don't forget to rate the answer. Thanks

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