Carla bakes a cake and sells it to Norm for $10. Sam pays Diane $30 to tutor
Question:
Carla bakes a cake and sells it to Norm for $10.
Sam pays Diane $30 to tutor him. In this economy, GDP is
a. $10.
b. $20.
c. $30.
d. $40.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
The correct answer is c 30 Heres why GDP Gross Domestic Product measures the total moneta...View the full answer
Answered By
Shebla K
I am an MBA graduate having experience as an Assistant Professor at University level for two years. I always prepare well for a class as I believe that only if you become an ocean you can give a bucket of water. Being a teacher was not only my profession but also my passion.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
-
Income recognition for various business arrangements. Refer to the conceptual revenue recognition guidance given in Appendix 7.1. Applying this conceptual guidance, discuss the timing of revenue...
-
As CEO of your company, youve been going over your financial statements and have noticed something disturbing. You perform a horizontal analysis and find that sales have been increasing at a rate of...
-
A time study showed that, on average, the productivity of a worker after t hours on the job can be modeled by P = 27t + 6t2 - t3 , 0 t 8 where P is the number of units produced per hour. After how...
-
MARU S.A. de C.V., a Mexican corporation that follows IFRS, has elected to use the revaluation model for its property, plant, and equipment. One of MARUs machines was purchased for 2,500,000 Mexican...
-
Organizations have traditionally used employee time saved as the primary source of benefits to justify HRIS and other types of information system investments. Why can this be problematic? Give...
-
Purdue Inc. manufactures tires for large auto companies. It uses standard costing and allocates variable and fixed manufacturing overhead based on machine-hours. REQUIRED For each independent...
-
We have a game of invasion of France by the Allies and defense by the Germans. Both can play C (Calais) or N (Normandy). The following matrix shows the payoffs of each player in utility levels (more...
-
If the price of a hot dog is $2 and the price of a hamburger is $4, then 30 hot dogs contribute as much to GDP as _____ hamburgers. a. 5 b. 15 c. 30 d. 60
-
An economys gross domestic product is a. the excess of spending over income. b. the excess of income over spending. c. total income and total spending. d. total spending as a percent of total income.
-
The comparative balance sheet of Nelson Company, for 2006 and the preceding year ended December 31, 2005, appears below in condensed form: Additional data for the current year are as follows: (a) Net...
-
Eel Corporation, in Spivey Corners, North Carolina, has filed a Form 1120S for six years, and the local office of the IRS has sent the company a letter requesting an audit next month. Carrie, who is...
-
The sequence in Problem 4-21 is a lag used in a communication network that represents the beginning of a message. This lag must be unique. As a consequence, at most ive 1s in sequence may appear...
-
A computer uses 64-bit virtual addresses, 32-bit words, and a page size of 4 KB. The computer has 1 GB of physical memory. (a) How many bits of the address are used for the page offset? (b) How many...
-
Which of the following is excluded from gross income on an individuals 20X14 tax return? a. January 20X15 rent received in December 20X14 b. Value arising from personal use of company vehicle in...
-
A special 4to6-line decoder is to be designed. The input codes used are 000 through 101. For a given code applied, the output D i , with i equal to the decimal equivalent of the code, is 1 and all...
-
Manuel Sotos regular hourly rate is $12.00. He receives 1 times the regular rate for hours worked in excess of 40 a week and double the rate for work on Sunday. During the past week, Soto worked 8...
-
Why can wastewater treatment requirements in Hawaii be less stringent than those in most locations on the U.S. mainland?
-
Use the theory of liquidity preference to explain why an increase in the money supply lowers the interest rate. What does this explanation assume about the price level?
-
Why does the IS curve slope downward?
-
Why does the LM curve slope upward?
-
An aircraft arresting system is used to stop airplanes whose braking systems fail. The system stops a 59.1-Mg airplane moving at 98 m/s in 8.10 s. (b) What is the average deceleration {in absolute...
-
A torsion bar is to have a solid circular cross#section. It is to carry a fluctuating torque from 30 to 65 N m. Use SAE 4140 OQT 1000 for the bar, and determine the required diameter for a design...
-
Problem 2: Again, recall Problem Sets 5 and 6. The axisymmetric rigid body S (spacecraft) still moves in an inertial reference frame N. But the environment is now torque-free. Let , and , be unit...
Study smarter with the SolutionInn App