A business firm produces a good this year that it doesnt sell. As a result, the good

Question:

A business firm produces a good this year that it doesn’t sell.

As a result, the good is added to the firm’s inventory. How does this inventory good find its way into GDP?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Macroeconomics

ISBN: 9780324785500

9th Edition

Authors: Roger A. Arnold

See More Books

Question Posted: Nov 01, 2024 05:00 AM

See More Questions

A business firm produces a good this year that it doesnt sell. As a result, the good is added to the firm's inventory. How does this inventory good find its way into GDP?
Montonya Company has the following selected data for the current year: Sales (10,000 units) $90,000 Direct materials 30,000 Direct labor costs 10,000 Variable manufacturing overhead 3,500 Fixed...
Montonya Company has the following selected data for the current year: Sales (10,000 units) $90,000 Direct materials 30,000 Direct labor costs 10,000 Variable manufacturing overhead 3,500 Fixed...
Clark had brain surgery. Insurance will not pay for the surgery until the deductible of $1,000 is hit. Then Clark's coinsurance of 80% / 20% kicks in. Clark has an out-of-pocket maximum of $7,500....
Problem 14 in Chapter 15 described a study examining the effectiveness of a 7-Minute Screen test for Alzheimer's disease. The study evaluated the relationship between scores from the 7-Minute Screen...
Rod ABC is bent in the shape of a circular arc of radius R. Knowing that = 50 o , determine the reaction (a) At B, (b) At C.
A business firm produces a good this year that it doesnt sell. As a result, the good is added to the firms inventory. How does this inventory good find its way into GDP?
Ford Motor (automotive) and Caterpillar (heavy equipment) both use the LIFO inventory valuation method. Caterpillar uses it for 80% of its inventories and Ford for 25% of its inventories. Data from...
The new public management reforms proffessionalism as a governing principle but also depends, on proffessionals for their implementation. The examples in the case study above show the the importance...
Why does GDP omit the sales of used goods? of financial transactions? of government transfer payments?
Economists prefer to compare Real GDP figures for different years instead of comparing GDP figures. Why?
=+10. What conditions must be met for buyers to bear the full burden of a tax?
One Trick Pony (OTP) incorporated and began operations near the end of the year, resulting in the following post-closing balances at December 31: Cash $ 18,620 Accounts Receivable 9,650 Allowance for...
QUESTION 13 RadioShack, an electronics retail chain, couldn't compete with the prices offered by other retailers. The company enacted price matching programs and promoted large discounts on its...
On January 1, 2024, Gless Textiles issued $12 million of 9%, 10-year convertible bonds at 101. . The bonds pay interest on June 30 and December 31. . Each $1,000 bond is convertible into 40 shares of...
In 2022, the California Air Resources Board (CARB) started planning its Phase 3 requirements for reformulated gasoline (RFG). RFG is gasoline blended to tight specifications designed to reduce...
From a lawsuit, you have been awarded a 31-payment, constant growth annuity. The first payment is at Year 0 and is equal to $360, and each subsequent payment will be paid in 16 month intervals, with...
Using EES (or other) software, write a program to determine the mole fractions of the components of a mixture of three gases with known molar masses when the mass fractions are given, and to...
Review Exhibit 11.4. Analyze each product on the graph according to the characteristics that influence the rate of adoption. For example, what can you conclude from the data about the relative...

A business firm produces a good this year that it doesnt sell. As a result, the good

Question:

Step by Step Answer:

Macroeconomics

Students also viewed these Business questions