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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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Answer:

because of the product and the correct one is the one of the product is not working properly

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How do marginal costs<br> and benefits relate to trade-offs?
Lisa [10]

Answer:

A trade-off is the actual alternative option that is given up, while the value of this alternative option is the opportunity cost. ... Marginal cost is the cost of using one more unit of a good or service, and marginal benefit is the benefit or satisfaction received from using one more unit of a good or service.

Explanation:

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3 years ago
Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 140,000 shares of $8 par value common stock
natka813 [3]

Answer:

$728,000

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Paid in capital can be described as the payments ac company received in exchange for its stock from investors.

From the question, the total paid in capital can be calculated as follows:

Receipt for 42,000 shares at $10 per share = 42,000 * 10 = $420,000

Receipt for 28,000 shares at $11 per share = 28,000 * 11 = $308,000

By adding the two above together and have:

Total paid-in capital = $420,000 + $308,000 = $728,000.

Therefore, total paid-in capital at the end of 2021 is $728,000.

3 0
3 years ago
The balance in Happ Inc.’s general ledger Cash account was $71,580 at September 30, before reconciliation. The September 30 bala
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Answer:

Explanation:

Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.  

There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.

The preparation of the  bank reconciliation statement on September 30  is presented in the spreadsheet. Kindly find the attachment below:

7 0
3 years ago
MIT economist Jerry Housman has estimated the price elasticity of demand for Post Raisin Bran cereal to be -2.5 and the price el
Diano4ka-milaya [45]

Answer:

The demand for Post Raisin Brand cereal is: ELASTIC  

the demand for all types of breakfast cereals is: INELASTIC

Explanation:

To calculate the price elasticity of demand (PED) we can use the following formula:

PED = % change in quantity / % change in price

  • If PED > 1, the demand is price elastic
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  • If PED < 1, the demand is price inelastic

*The PED always results in a negative number, e.g. price deceases, quantity increases, but for practical reasons we convert the negative number into a positive (we use absolute values) when we are determining the elasticity.

5 0
3 years ago
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