Firm a produces desks. it is situated in the us but imports wood from brazil. last year it imported $8,000 in lumber and sold 100% of its production for a total value of $56,000 (assume transportation costs are negligible). what was the total value added by this firm to the economy (in terms of gdp) last year (in dollars)?
(a) 56,000
(b) 64,000
(c) 48,000

Select the correct answer. the word intestate means that a person has died with or without a will?

True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u.s. parent on bank deposits held in london d. interest received by a u.s. parent on a loan to a subsidiary in mexico e. principal repayment received by u.s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u.s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation