Business, 20.02.2020 18:29 albattatasraap5wymy

The expenditure and value-added approaches to calculating GDP arrive at the same final number, but they reach that number in different ways. To illustrate, consider the possible effects of the following set of transactions on GDP:

(1) Manuel pays Awesome Foods Market $1,000 to cater his daughter's engagement party. He's attracted by Awesome Foods Market's guarantee that he'll be happy with the catering, or he'll get his money back.
(2) Awesome Foods Market pays JoAnn's Catering $900 to cater the party.
(3) JoAnn's Catering buys plasticware worth $150 from Kostko.

Compute the contribution to GDP of this set of transactions, using the expenditure approach, i. e., by assuming expenditures of buyers of final goods and services. Assume that Kostko receives the plasticware at no charge and that other costs are zero.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 03:30

Joe said “your speech was really great, i loved it.” his criticism lacks which component of effective feedback? a) he did not recognize his ethical obligations b) he did not focus on behavior c) he did not stress the positive d) he did not offer any specifics

Answers: 2

Answer

Business, 22.06.2019 08:40

Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?

Answers: 3

Answer

Business, 22.06.2019 10:10

An investment offers a total return of 18 percent over the coming year. janice yellen thinks the total real return on this investment will be only 14 percent. what does janice believe the inflation rate will be over the next year?

Answers: 3

Answer

Business, 22.06.2019 19:00

1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals

Answers: 1

Answer

You know the right answer?

The expenditure and value-added approaches to calculating GDP arrive at the same final number, but t...

Questions