Answer:
False
Explanation:
Operational efficiency: It is defined as group of strategy and technique that management implement to produce goods and services at a cost-effective method, at the same time maintaining the standard and quality of product. The ratio of operational efficiency is measured by dividing total operational expenses with total revenue, it help to find the efficiency of the production or operation. It is helpful in improving process of production as well help in gaining more profit.
In the given situation, It is false to say that implementing operational efficiency can be expensive.
Consumption
Investment
Government purchases
Exports
Imports
Select all that apply:
1. Beth gets a new video camera made in the United States.
2. Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.
3. Andrew's employer upgrades all of its computer systems using U.S.-made parts.
4. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
5. Andrew buys a sweater made in Guatemala.
Categories of following expenditure transactions are,
1 ) Beth gets a new video camera made in the United States - Consumption
2 ) Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website - Exports
3 ) Andrew's employer upgrades all of its computer systems using U.S.-made parts - Investment
4 ) The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore - Government purchases
5 ) Andrew buys a sweater made in Guatemala - Imports
For calculating U.S. GDP, following transactions are the part of,
a) Beth gets a new video camera made in the United States.
It is a part of Consumption, as it is related to the purchase of a final good by an individual for personal use.
b) Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.
It is part of the Exports, as it involves the sale of a U.S. product to a foreign country (Sweden), which is considered an export.
c) Andrew's employer upgrades all of its computer systems using U.S.-made parts.
It is part of Investment, because it involves the purchase of capital goods (computer systems) by a business for productive purposes.
d) The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
It is a part of Government purchases, because it involves government spending on infrastructure.
Andrew buys a sweater made in Guatemala.
It is part of Imports, purchase of a foreign-made good (from Guatemala) by a U.S. resident, and thus it is considered an import.
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The Complete Question is,
Categories of expenditures Andrew and Beth Trimble live in Swarthmore, PA. Beth's father, Darnell, lives in Sweden.
For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M). Check all that apply.
a) Beth gets a new video camera made in the United States.
b) Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.
c) Andrew's employer upgrades all of its computer systems using U.S.-made parts.
d) The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
e) Andrew buys a sweater made in Guatemala.
Answer:
3
Explanation:
The computer sytems relates to the US. GDP
Answer:
encourages people to open businesses and invent new products
The profit motive drives people to risk opening new businesses and creating new products and services. Competition drives businesses to provide better products and services at lower prices. Should a business owner not provide a quality product, that owner risks losing customers to a competitor. In the real world, there are varying degrees of competition