Michigan Cranberry Company sold $10 million worth of cranberries it produced. In producing cranberries, it purchased $1 million dollars' worth of supplies from foreign countries and paid workers who reside in Canada but commute to the U.S. $1 million. How much did these transactions add to U.S. GDP

Answers

Answer 1

Answer:

$9 million

Explanation:

Gross domestic product is defined as the total monetary value of all goods and services produced by a country in a given period. It is used to measure the countries wealth and economic growth .

GDP can be calculated based on expenditure, production, or by income.

Types of GDP measurements include real GDP, nominal GDP, GDP growth rate, and GDP per capita.

Gross domestic product= Total output - intermediate goods in production {products from Canada}

Gross domestic product= 10 million- 1 million

Gross domestic product= $9 million

Answer 2

Answer:

Answer:

9 million dollars

Explanation:

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Ingram Industries is considering two alternative new machines. Machine 1 would generate revenue of $70,000, have variable costs of $42,000, and have fixed costs of $14,000. Machine 2 would generate revenue of $84,000, have variable costs of $42,000, and have fixed costs of $22,400. What is the incremental net income between the two machine options

Answers

Answer:

The incremental net income between the two machine options is $5600 as shown below.

Explanation:

The profit derivable from machine one is computed thus:

Revenue $70,000

variable costs ($42000)

fixed costs ($14,000)

net profit $14000

Net profit from machine can be computed thus:

Revenue $84,000

variable costs ($42000)

fixed costs ($22,400)

net profit $19,600

Machine B brings in higher net profit,however the incremental net income from the two machine options is the difference between their net incomes,which is can be calculated thus:

Machine A net income ($14000)

Machine B net income $19600

Incremental net income $5600

Answer:

5,600 favorable for machine 2

Explanation:

$\begin{array}{cccc}&Machine 1&Machine 2&Incremental\n$Sales&70000&84000&14,000\n$Variable Cost&-42000&-42000&0\n$Contribution&28000&42000&14000\n$Fixed Cost&-14000&-22400&-8400\nOperating Income&14000&17600&5600\n\end{array}\right]$

We solve for the diffence in each concept and then get the differnce in the Operating Income which is favorable to Machine 2 by the maginitude of 5,600 dollars

Phil wanted the computer that amy had, so he just took it. this is an example of distribution by _____ . force contests lottery price

Answers

The correct answer that would best complete the given statement above would be the first option: FORCE. Phil wanted the computer that Amy had, so he just took it. This is an example of distribution by force. Distribution by force often happens when someone is getting more if they have more power. This kind of distribution often leads to conflict.

Answer:

force

Explanation:

it would b like steaing

__________ to sell at a price no less than the minimum set by the manufacturerA. fair trade
B. free trade
C. specialization
D. absolute advantage

Answers

A. fair trade is to sell at a price no less than the minimum set by the manufacturer

All licensees should give earnest money checks to their sponsoring broker immediately who must deposit said earnest money by:_______a. the third day following the contract acceptance.
b. the next business day of contract acceptance.
c. within seventy four hours from the time the offer is delivered.
d. the third day following the final counteroffer.

Answers

Answer:

b)the next business day of contract acceptance.

Explanation:

A license which is reffered to as a permit to authority should make sure their sponsoring brokers were given earnest money checks after the contract has been accepted so that it can becomes a legal deal.

It should be noted that All licensees should give earnest money checks to their sponsoring broker immediately who must deposit said earnest money by the next business day of contract acceptance.

Which of the following statements comparing debit cards to credit cards is TRUE?

Answers

Options to this question are:
A) Debit cards allow you to draw funds directly from your checking account.
B ) Debit cards typically offer greater fraud protection than credit cards.
C ) Debit cards never require a signature to finalize a purchase like credit cards.
D ) Debit cards charge higher interest rates on purchases than credit cards

> The correct answer is the first option, letter A.Debit cards allow you to draw funds directly from your checking account.
> Debit cards replaced checks as a way of drawing cash or paying for goods from your checking account.

3. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Megan spends all of her money on comic books and beignets. In 2010 she earned $18.00 per hour, the price of a comic book was $9.00, and the price of a beignet was $1.00. Which of the following give the nominal value of a variable? Check all that apply. Megan's wage is $18.00 per hour in 2010. The price of a beignet is 0.11 comic books in 2010. Megan's wage is 2 comic books per hour in 2010. Which of the following give the real value of a variable? Check all that apply. Megan's wage is 18 beignets per hour in 2010. The price of a comic book is $9.00 in 2010. Megan's wage is $18.00 per hour in 2010. Suppose that the Fed sharply increases the money supply between 2010 and 2015. In 2015, Megan's wage has risen to $36.00 per hour. The price of a comic book is $18.00 and the price of a beignet is $2.00. In 2015, the relative price of a comic book is . Between 2010 and 2015, the nominal value of Megan's wage and the real value of her wage . Monetary neutrality is the proposition that a change in the money supply nominal variables and real variables.

Answers

Megan's wage is 18 beignets per hour in 2010. The price of a comic book is $9.00 in 2010. The price of a comic book is $18.00 and the price of a beignet is $2.00; Monetary neutrality is the proposition that a change in the money supply nominal variables and real variables.The inflation rate is the difference between nominal and real variables. Nominal variables are based on the current prices and are measured in price based on the value they hold at a given time. Real variables are adjusted for the ever changing price level and they change over time.

The right answer for the question that is being asked and shown above is that: "Megan's wage is 18 beignets per hour in 2010. The price of a comic book is $9.00 in 2010; The price of a comic book is $18.00 and the price of a beignet is $2.00; Monetary neutrality is the proposition that a change in the money supply nominal variables and real variables."

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