Explain why the sale of used goods is not included in GDP.

Answers

Answer 1

Used goods are not included in the current year GDP, as they were already included in the year that they were produced. GDP stands for Gross Domestic Product, and includes the values of goods and services created that year in that specific country alone.


Related Questions

Define ''limited in stock''

Answers

Answer:

Explanation:

it means that the product wont be around aymore since its limited to retailer?

Listed below are amounts of court income and salaries paid to the town justices. All amounts are in thousands of dollars. Construct a​ scatterplot, find the value of the linear correlation coefficient​ r, and find the​ P-value using alphaequals0.05. Is there sufficient evidence to conclude that there is a linear correlation between court incomes and justice​ salaries? Based on the​ results, does it appear that justices might profit by levying larger​ fines?Court Income: 65.0, 402.0, 1567.0, 1132.0, 273.0, 251.0, 112.0, 156.0, 34.0


Justice Salary: 31, 46, 91, 56, 47, 60, 26, 27, 18


a. What are the null and alternative hypotheses?


b. Construct a scatterplot.


c. The linear correlation coefficient r is: _____.


d. The P value is: _____.

Answers

Answer:

H0 : β = 0

H1 : β = 0

R = 0.8642

P value = 0.002654

Explanation:

Null hypothesis : H0 : β = 0

Alternative hypothesis : H1 : β ≠ 0

The correlation Coefficient, R value as obtained using a correlation Coefficient calculator is 0.8642. This depicts that a strong positive relationship exists between court income and Justice salary.

The Pvalue using the Pvalue calculator (R = 0.8642, N = 9) = 0.002654

The Pvalue < α

0.002654< 0.05 ; Hence, we reject H0.

What is your marginal rate of consumption (MPC)? If your income increased $1,000 per month until retirement, how much would your spending on consumption goods increase?

Answers

Answer:

$400

Explanation:

In the case when the income would be increased by $1,000 per month so the spending on consumption goods would also be increased by 40% here we assume the 40%

So,

= $1,000 × 40%

= $400

Therefore based on the above assumption, the spending on consumption goods would be increased by $400

Which is an economic system?
a.
monarchy
c.
dictatorship
b.
democracy
d.
market

Answers

Answer:

market!!!

Explanation:

Market is an economic system. A market economy is an economic system in which supply and demand determine how goods and services are produced.

What is economic system?

An economic system is a method for communities or governments to organize and distribute resources, services, and goods throughout a region or country. As a result, a social system is a form of economic system.

Thus, Option, D market is correct.

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At a time when Nedra's basis in her partnership interest was $5:000, she received a current distribution of $6,000 cash, and land with an adjusted basis of $2 000 and a fair market value of $3,000 The partnership had no unrealized receivables or substantially appreciated inventory. What is the result of this distribution to Nedra?

Answers

Answer:

$1,000 capital gain, $0 basis in land, $0 basis in partnership interest.

Explanation:

Based on the information given we were that she received the amount of $6,000 when she already had the amount ofb $5,000 as the basis in the partnership interest which means that she will recognize the amount of $1,000 as her CAPITAL GAIN

Secondly her basis in the land will be $0 basis reason been that any basis of property that is been received in a distribution will not be higher than the bais of the partner's in the partnership interest

Lastly her basis in the partnership interest will as well be $0 basis reason been that her own share of the money given to her reduced her basis in the partnerbership

Miami Mutual Bank purchases a two-year interest rate cap for a fee of 3 percent of notional principal valued at $20 million, with an interest rate ceiling of 11 percent and LIBOR as the index representing the market interest rate. At the same time, Miami Mutual sells a two-year floor (8 percent) for a fee of 2 percent of the $20 million principal. Assume that LIBOR is expected to be 7 percent and 14 percent at the end of each of the next two years, respectively. What is this type of strategy called

Answers

Answer:

Interest Rate Collar

Explanation:

This strategy called the Interest Rate Collar.

The Interest rate collar is an option that is used to hedge the interest rate exposure. It protects the borrower from the risk of increasing the interest rate and also decided a floor declining rate by purchasing an interest rate cap.

In the given scenario the Miami Bank will receive when the interest rate crosses the cap of 11% and pay when there is a decrease below the floor rate of 8% on the principal value.

A CARTEL IS DEFINED AS A FORMAL ORGANIZATION OF PRODUCERS THAT AGREE TO COORDINATE PRICES & PRODUCTION.

OPEC is an organization that comprises the world's most important oil-producing nations.

Research this and explain how OPEC fulfills the characteristics of a cartel.

Answers

Answer:

cartel - an agreement by a formal organization of producers to coordinate prices and production

Explanation:

Who are the OPEC plus countries?

Currently, the Organization comprises 15 Member Countries – namely Algeria, Angola, Congo, Ecuador, Equatorial Guinea, Gabon, IR Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela.

Member: Iran, Iraq, Ecuador

Place founded: Baghdad

Your pay rate is $18 per hour and you have worked 50 hours for the first week of the pay period and 50 hours for the second week of the pay period. Reminder: Your regular work hours is 40 hours for the week and you get paid bi-weekly and time and a half is paid for overtime hours. Calculate your gross pay.

Answers

Answer:

$1,260

Explanation:

$18 is the rate of pay for 40 hrs/week

$27 is the rate of pay for the extra 10 hrs/week (18 + 9)

A total of 100 hours for the pay period, 80 of those are 18/hr, 20 are 27/hr

40(18) + 20(27) = 720 + 540 = 1260

Please let me know if you have any questions.

What percent is the gig economy is expected to grow to by 2020?

A. 25

B. 50

C. 60

D. 75

Answers

Answer: 50

Explanation: good luck

Multiple choice!
A new music venue opens up in town. The loud noise and rowdy crowds makes living in your neighborhood less desirable. Your home value drops. This is an example of what?

Government involvement

Spillover cost

Wealth gap

Inflation

Answers

Answer:

Spillover cost.

Explanation:

Spillover cost refers to those costs or changes in the value of a certain good that are caused by issues external to the intrinsic characteristics of said good. Thus, for example, external influences such as limitations on oil extraction or the development of electric cars can generate a massive drop in the prices of conventional gasoline cars. Another clear example of this situation is the one described in the question, where a negative change in a certain neighborhood can lower the prices of the houses found there.

_____ are costs expended to keep nonconforming goods and services from being made and reaching the customer. a. Internal failure costs b. External failure costs c. Prevention costs d. Appraisal costs

Answers

Answer:

The Answer is C

Explanation:

Prevention costs

You are a project manager in charge of putting together a one-day weekend concert for four musical acts in a small town. The concert is to take place on August 1. During planning, it was decided that the concert would take place in a field that was offered for free by a local farmer. This location was chosen with the assumption that there would be less than a 60% chance of rain in the weather forecast for the concert date. An alternate location at the town's community center was chosen if the chance of rain is 60% or higher and would be provided for free. Regardless of the location chosen, it will not affect the schedule. The actual vendor location used will have to be decided and approved by end of day July 28. Once the decision has been made and approved, what should you do NEXT

Answers

Answer: Implement a risk response plan in order to ensure availability of alternate venue location

Explanation:

Once the decision has been made and approved, the next thing to do is to implement a risk response plan in order to ensure that the alternate venue location is available.

Risk response planning simply means having other options in order to improve opportunities and so that the threat to the achievement of s particular objective can be minimized.

In this case, it is important that the alternative location is available in case there's a rain.

In creating a marketing information system management would collect data from internal sources such as

Answers

Answer:

it's sales figures

Explanation:

Hope this helped ;)

On average, for every $1.00 that is collected by the credit card companies in principal, how much is collected in interest and fees?

Answers

Answer:

On average for every $1.00, the credit companies collectection in total is 1.50.

Explanation:

On average for every $1.00, the credit companies collectection in total is 1.50.

What is the range of this
data?
7, 2, 5, 1, 3

Answers

Answer:

1 and 7

Explanation:

The answer is 6. You have to subtract the smallest number from the biggest number.

Monique’s Florals produced a special Mother’s Day arrangement that included eight roses. The standard and actual costs of the roses used in each arrangement follow: Standard Actual Average number of roses per arrangement 9.10 9.50 Price per rose × $ 0.90 × $ 0.84 Cost of roses per arrangement $ 8.19 $ 7.98 Monique’s Florals planned to make 805 arrangements but actually made 900. Required Determine the total flexible budget materials variance and indicate whether it is favorable (F) or unfavorable (U). Determine the materials price variance and indicate whether it is favorable (F) or unfavorable (U). Determine the materials usage variance and indicate whether it is favorable (F) or unfavorable (U). Confirm the accuracy of Requirements a, b, and c by showing that the sum of the price and usage variances equals the total variance.\

Answers

Answer:

1. Total flexible budget materials variance $189 Favourable

2. Materials price variance $513 Favorable

3. Materials usage variance $324 Unfavorable

4. Total Variance $189 Favorable

Explanation:

1. Calculation to Determine the total flexible budget materials variance

Using this formula

Total flexible budget materials variance=Standard cost - Actual cost

Let plug in the formula

Total flexible budget materials variance=($ 8.19*900)-($ 7.98*900)

Total flexible budget materials variance=$7,371-$7,182

Total flexible budget materials variance=$189 Favourable

Therefore Total flexible budget materials variance is $189 Favorable

2. Calculation to Determine the materials price variance

Using this formula

Materials price variance=(Standard price -Actual price)*Actual quatity

Let plug in the formula

Materials price variance=($ 0.90 - $ 0.84)*(900*9.50)

Materials price variance=$0.06*8,550

Materials price variance=$513 Favorable

Therefore Materials price variance is $513 Favorable

3. Calculation to Determine the materials usage variance

Using this formula

Materials usage variance=(Standard quatity-Actual quantity)*Standard price

Let plug in the formula

Materials usage variance=[(900*9.10)-8,550]*$ $0.90

Materials usage variance=(8,190-8,550)*$0.90

Materials usage variance=-360*$0.90

Materials usage variance=$324 Unfavorable

Therefore Materials usage variance is $324 Unfavorable

4. Calculation to Confirm the accuracy of Requirements a, b, and c

Materials price variance is $513 Favorable

Less Materials usage variance $324 Unfavorable

Total Variance $189 Favorable

Therefore the accuracy of Requirements a, b, and c is $189 Favorable

A firm in a purely competitive industry has a typical cost structure. The normal rate of profit in the economy is 5 percent. This firm is earning $15 on every $150 invested by its founders. Instructions: Enter your answers as whole numbers. a. What is its percentage rate of return? b. Is the firm earning an economic profit? If so, how large? c. Will this industry see entry or exit? d. What will be the rate of return earned by firms in this industry once the industry reaches long-run equilibrium?

Answers

Answer and Explanation:

The computation is shown below:

a. The rate of return in percentage is

= return ÷ investment

= $15 ÷ $150

= 10%

b. The economic profit is

= rate of return - normal profit rate

= 10% - 5%

= 5%

c. As the economic profit is more than 0 so it should be the entry

d. The rate of return in the long-run equilibrium to the 5% as the rate of return should be equivalent to the normal rate of profit

Explain two ways a business could extend a product's life cycle.

Answers

Answer: Extension strategies extend the life of the product before it goes into decline. Again businesses use marketing techniques to improve sales. ... Adding value – add new features to the current product, e.g. video messaging on mobile phones. Explore new markets – try selling abroad. hope this helps. Can you give me brainliest. Pls

Explanation:

Costs that stay the same regardless of how much of a good or service is produced are

A) fixed costs

B) opportunity costs

C) variable costs

D) none of the above

Answers

Answer:

A) fixed costs

Explanation:

Which term defines all of the other options that are given up when a business makes one choice over another?

trade-offs
O limited resources
O diminishing returns
opportunity costs

Answers

Answer:

Trade-offs would be the correct term

Suppose that DiamlerChrysler is considering changing its production operations from an assembly line in which each employee adds one piece as a car chassis goes by to an operation in which several employees work as a team to build the total car, with the team deciding who does what tasks. If DiamlerChrysler implements the change, the interrelationships would change from: pooled interdependence on the line to reciprocal interdependence between the teams. reciprocal interdependence on the line to sequential interdependence between the teams. sequential interdependence on the line to pooled interdependence between the teams. routine tasks to mediating technology.

Answers

Answer:

DiamlerChrysler

Production operations changed from an assembly line to a team building the total car:

If DiaimlerChrysler implements the change, the interrelationships would change from:

sequential interdependence on the line to pooled interdependence between the teams.

Explanation:

Sequential interdependence occurs in an assembly line where one unit produces an output for the next unit.  This makes each unit dependent on the unit before it.  In a pooled interdependent relationship, each team member is responsible for a particular task.

A pump station has six 500 hp pumps that run an average of 5 hours a day each, a 5 hp sump
pump that operates for 1.5 hrs/day, twenty 100-watt lights that are always on, and six 300-
watt night lights that are on 10 hours a day. What is the monthly operating cost if power cost
8.75 cents per kwh? (A month is 30 days)

Answers

Answer:

4*0.07=energy use per day(x)

(x)*30=energy use in thirty days (y)

Therefore

X=$0.28

Y=$8.4

Explanation:

A production process requires a fixed cost of $ 50,000. The variable cost per unit is $ 25 and the revenue per unit is projected to be $ 45. Write a mathematical expression for total profit?

Answers

Answer:

y = $ 20 x - $ 50,000

Explanation:

A mathematical expression for total profit can be taken out of the Cost Volume Profit analysis as follows :

Total Profit = Contribution - Fixed Costs

where,

Contribution = Sales - Variable Costs

                     = $ 45 - $ 25

                     = $ 20

therefore,

if x units are sold the mathematical expression for total profit y can be determined as :

y = $ 20 x - $ 50,000

for human services pleaseeeeeeeeeeee help <3

Answers

Answer:

gghddhshdjshsjgsgsgshsnssmad

A manager is holding a $1.2 million stock portfolio with a beta of 1.01. She would like to hedge the risk of the portfolio using the S&P 500 stock index futures contract. How many dollars’ worth of the index should she sell in the futures market to minimize the volatility of her position?

Answers

Answer:

the  number of dollars should sell in the future market is $1.01 million

Explanation:

The computation of the number of dollars should sell in the future market is given below:

= Portfolio of the stock × beta

= $1 million × 1.01

= $1.01 million

hence, the  number of dollars should sell in the future market is $1.01 million

We simply multiplied the two items so that the amount could come

Hence, the same would be relevant

Stacy wants to teach 3rd graders in a public school she just finished her bachelor's degree in education what is he required to obtain before he starts work

Answers

Answer:

The first thing that Stacy needs to get is teacher certification.

Explanation:

State governments are the ones in charge of certificating teachers, in other words, depending on the state, a person is required to pass a test or tests that enables them to teach. It is like obtaining a license for teaching, except that teachers obtain it only once.

According to the video, which qualities do Lawyers need? Select all that apply.

x mechanical skills
x aggressiveness
intelligence
x physical fitness
determination
moral and ethical integrity
people skills

Answers

Answer:

C E F G

Explanation:

According to the video, The qualities Lawyers need, The first is intelligence, the second one was determination, moral and ethical integrity people skills.

What are skills?

A skill is the acquired capacity to move with deliberate intent and good execution, frequently in a pre-determined window of time or energy or both. Domain-general and domain-specific skills are two common categories of skills.

As, The qualities the lawyer needs in the Curveballs will probably be thrown throughout a case session, and they must be able to understand them and react accordingly.

As, The important quality, the lawyer needs is zeal for one's work. Successful attorneys nearly usually have a genuine enthusiasm for what they do as a profession.

Therefore, The right option (C, E, F, G)) is correct.

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Montana governor Johnny B. Goode made a campaign appearance with several police officers in uniform lined up behind him. The problem was Montana law prohibits paid public employees from making such appearances while in uniform. At the follow-up press conference, Goode faced tough questions that he tried to answer. But the results were not favorable. What PR dilemma did he face? Select one: a. He tried to control the message by diverting attention. b. He tried to control the message in an uncontrolled media environment. c. He tried to apply the hierarchy of outcomes but it did not work. d. He tried to use salesmanship.

Answers

Answer:

b. He tried to control the message in an uncontrolled media environment

Explanation:

Since in the question it is mentioned that Montana law prohibited the paid public employees while in the uniform. ALso Goode faced tough questions at the same time the results are not in the favor so here he tried for controlling the message in the non-controlled media environment so that everything would become normal

hence, the  option b is correct

There is a bond that has a quoted price of 110.547 and a par value of $2,000. The coupon rate is 7.05 percent and the bond matures in 19 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?

Answers

Answer:

the YTM of the bond is 127.55 %

Explanation:

The YTM of the bond is the Market return that similar Bond Holders expect from the bond.

This can be calculated using a Financial calculator as :

PV = - $ 110.547

FV =  $2,000

PMT =  $2,000 x 7.05 % x 1/2 = $70.50

N = 19 x 2 = 38

P/yr = 2

YTM = ???

Therefore, the YTM of the bond is 127.55 %

In order to find last season’s batting averages for his favorite baseball players, Jose should look in a Sport’s

Answers

Group of answer choices.

A. Dictionary

B. Encyclopedia

C. Atlas

D. None of these

Answer:

D. None of these

Explanation:

A magazine can be defined as a written document published periodically (weekly, monthly or quarterly) to provide informations about a particular subject or field. Some examples are Marketing News, Baseball Digest, The Sporting Magazine, Baseball America, Sporting News, ESPN The Magazine, USA Today Sports Weekly, etc.

Baseball Digest is an illustrated monthly (magazine) from Grandstand Publishing and it covers all aspects of the major league baseball, which is mainly read by sports fans and people working directly in the sporting industry.

Hence, if Jose wants to find last season’s batting averages for his favorite baseball players, he should look in a Sport’s magazine.

Answer:

D NONE

Explanation:

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