Which contributes more to GDPthe production of an economy car or the production of a luxury car?
Question:
Which contributes more to GDP—the production of an economy car or the production of a luxury car? Why?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
The production of a luxury c...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Which contributes more to GDPthe production of a pound of hamburger or the production of a pound of caviar? Why?
-
1- The production of linen requires twice as much land and labor as the production of an equivalent amount of cotton. Nevertheless, linen is a staple material utilized in designer clothing, such as...
-
Multiple Choice Questions: 1. Which of the following is the most accurate statement about a production possibilities curve? a. An economy can produce at any point inside or outside its production...
-
3. Six Sigma College of Business offers five different courses of study. The planned enrollment in each course is 25 students. Registration for the upcoming semester of study has been recently...
-
1. Minimize 7x + 5y + 4z subject to 2. Maximize 20x + 30y subject to ( 3x + 8y + 9z = 75 x + 2y + 5z 2 80 4x + y + 7z z 67 (xz 0, y2 0, z20. (7x + 8y < 55 +2 78 < 25 (xz0, yz 0.
-
A tension test was performed on a magnesium alloy specimen having a diameter 0.5 in. and gauge length 2 in. The resulting stressstrain diagram is shown in the figure. Determine the approximate...
-
Which of the following accounting issues is most likely to raise an auditor's professional skepticism about earnings manipulation? a. Progress payments. b. Allowance for doubtful accounts. c. Sales...
-
The sales manager of Flying Carpets, a carpet manufacturer and wholesaler, is analyzing the profitability of two of the company's customers. One customer, a boutique store, purchases small orders for...
-
How do implicit biases and cognitive dissonance influence decision-making processes within organizational contexts ?
-
John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2020, John worked as a computer technician at a local university earning a salary of $152,000, and...
-
A farmer sells wheat to a baker for $2. The baker uses the wheat to make bread, which is sold for $3. What is the total contribution of these transactions to GDP?
-
Explain why an economys income must equal its expenditure.
-
Evaluate the iterated integral. . 2 f TT (sin x + cos y) dx dy
-
What do we mean by the limit of a sequence?
-
Milk containing \(20 \%\) butterfat is mixed with cream containing \(60 \%\) butterfat to produce half-and-half, which is \(50 \%\) butterfat. How many gallons of each must be mixed to make 180...
-
Given the matrices in Problems 32-35, perform elementary row operations to obtain a 1 in the third row, third column without changing the entries in the first two columns....
-
Given the matrices in Problems 20-23, perform elementary row operations to obtain zeros under the 1 in the first column. Answers may vary. \([C]=\left[\begin{array}{rrr:r}1 & 2 & 4 & 1 \\ -2 & 5 & 0...
-
Suppose there are ten serious, but almost indistinguishable, candidates for a U.S. presidential primary. Also suppose that at the last possible minute a very radical candidate enters the race. He is...
-
Use transformations to graph the equation y = |x - 3| + 2.
-
Which of the following is NOT a magnetic dipole when viewed from far away? a) A permanent bar magnet. b) Several circular loops of wire closely stacked together with the same current running in each...
-
Over a long period of time, the price of a candy bar rose from $0.10 to $0.60. Over the same period, the consumer price index rose from 150 to 300. Adjusted for overall inflation, how much did the...
-
Explain the meaning of nominal interest rate and real interest rate. How are they related?
-
Explain the meaning of nominal interest rate and real interest rate. How are they related?
-
Write down at leastfive items (durable goods, not food) that you purchase and their sourcing (where each is from). For example, a shirt may be assembled in China, designed in the US, and made from...
-
Ridge Crest Company has beginning Retained Earnings of $23,000, ending Retained Earnings of $32,600, and net income of $15,500. What was the amount of dividends declared during the year?
-
Solomon Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost $ 8.50 per unit Fixed selling and administrative...
Study smarter with the SolutionInn App