Suppose a college student is texting while driving and gets into an accident that causes $2,000 worth of damage to her car. When the student repairs her car as a result of this accident, GDP will: be unchanged because the car has less value now, but car repairs are a service produced by the economy. fall by $2,000 since the car has less value now. rise by $2,000 since car repairs are a service produced by the economy. rise by the amount that the car originally cost minus the $2,000. This example suggests that using GDP as a measure of well-being is: inadequate because the original value of the car is not considered in this example. standard and acceptable, even though the car repair, and not the car destruction, is included in the basic measure of GDP. imperfect because the car repair, and not the car destruction, is included in the basic measure of GDP. standard and acceptable, even though the original value of the car is not considered in this example.
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Business, 22.06.2019 00:30
Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach
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Business, 22.06.2019 15:10
Popeye produces 20 cans of spinach in 8 hours. wimpy produces 15 hamburgers in 10 hours. if each hamburger trades for 1.5 cans of spinach, then: a.wimpy’s production and productivity are greater than popeye’s. b.popeye’s production is greater than wimpy’s, but his productivity is less. c.wimpy’s production is greater than popeye’s, but his productivity is less. d.popeye’s production and productivity are greater than wimpy’s.
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Business, 22.06.2019 17:30
Fabian got into an accident on his way to work. he had multiple fractures in his leg. his doctor advised strict bed rest for at least three months.fabian is a freelance wildlife photographer who usually works on a contract basis, and this is his primary source of income. before the accident, fabian was planning his finances. which goal of his financial plan would fabian in getting through without pay for the next three months? the goal that requires the creation of a/an would fabian get through the next three months without pay.
Answers: 1
Business, 23.06.2019 02:00
Which of the following describes a situation of scarcity? a. someone offers free advice about getting into college. b. someone distributes free bottles of water at the beach. c. a child charges friends for a ride on his new bike. d. a person lets the kids in the neighborhood use his pool.
Answers: 1
Suppose a college student is texting while driving and gets into an accident that causes $2,000 wort...
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