Scott is a woodworker and charges $125 an hour for his time manufacturing customminus made wood products. for his wife's birthday, he designs and creates an intricate birdseye maple jewelry box that takes him 15 hours to complete. by how much and in what direction does gdp change as a result of his efforts? a. gdp rises by $1,875. b. gdp is not affected by scott's production of the jewelry box. c. gdp falls by $1,875. d. gdp rises by $125.

Wilson center is a private not-for-profit voluntary health and welfare entity. during 2017, it received unrestricted pledges of $638,000, 65 percent of which were payable in 2017, with the remainder payable in 2018 (for use in 2018). officials estimate that 14 percent of all pledges will be uncollectible. a. how much should wilson center report as contribution revenue for 2017? b. in addition, a local social worker, earning $20 per hour working for the state government, contributed 600 hours of time to wilson center at no charge. without these donated services, the organization would have hired an additional staff person. how should wilson center record the contributed service?

Lusk corporation produces and sells 14,300 units of product x each month. the selling price of product x is $25 per unit, and variable expenses are $19 per unit. a study has been made concerning whether product x should be discontinued. the study shows that $72,000 of the $102,000 in monthly fixed expenses charged to product x would not be avoidable even if the product was discontinued. if product x is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be:

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?