2015: $29 in engine parts imported into Canada and $44in engine parts produced in Canada. 2016: GM Canadafirm takes these engine parts and produces $260 worthin engines. 2017: GM Canada exports these engines(receiving $260) to GM US. GM US uses these parts tocreate $486 in cars.Based on the information provided, what was thecontribution to Canada's GDP in 2017? (Remember, donot enter the $, and enter the negative sign ifappropriate.)260

GDP Contribution: In straightforward situations, such as when calculating aggregates using current…

Answered: 2015: $29 in engine parts imported into…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Australians buy 1.28 billion litres of sugar-sweetened drinks per annum (2012 figures). Consider the average price of these drinks to be $1.6/litre. Assuming a sales tax (hypothetical scenario) of 25% on soft drinks the price will be increased to $2/litre. The price elasticity of demand for soft drinks is -0.89. How will the increase in the price of soft drinks affect the demand for soft drinks? How much additional revenue will be raised by this tax?
A British-made component costs 151 U.K. pounds. A company in the United States needs to buy these components and the current indirect quote indicates that one dollar will buy 0.89 pounds. Ignoring transactions costs, how much will one component cost in U.S. dollars? Instruction: Type your answer in dollars, and round to two decimal places.
A bottle of wine made in the European Union sells for €81. Suppose the exchange rate of U.S. dollars for euros changes from $1.00 = €0.85 to $1.00 = €0.63. What has happened to the cost of the bottle of wine in the U.S.? That is, what is the change in the cost of the bottle of wine for consumers in the U.S. in dollars? Provide your answer in dollars rounded to one decimal place. Use a negative sign "-" for negative values. Do not include any symbols, such as "$," "=," "%," or "." in your answer. Your Answer: Answer
17- Assume that a country estimates its M1 money supply at $20 million. A broader measure of the money supply, M2, is $50 million. The country's gross domestic product is $100 million. Production or real output for the country is 500,000 units or products. a. Determine the velocity of money based on the M1 money supply. b. Determine the velocity of money based on the M2 money supply. c. Determine the average price for the real output.
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ORANGE PRODUCTS INC. Orange Products Inc. is a producer of juice drinks in Florida, USA. Until now, the company has confined its operations and sales to the United States, but its CEO, Ray Jalkio wants to expand into the Pacific Rim. The first step is to set up sales subsidiaries in Japan and Australia. then to set a production plant in Japan, and finally to distribute the product throughout the Pacific Rim. The firm's CFO, Janet Jackson, is enthusiastic about the plan, but she is worried about the implications of the foreign expansion on the firm's financial management process. She has asked your group to develop a tutorial package that explains the basics of multinational financial management. The tutorial will be presented at the next management committee (ManCom) meeting. Consider the following exchange rates: US Dollar Required to buy one unit of Foreign Currency Number of units of Foreign Currency per US Dollar Japanese Yen Australian Dollar 0.0091 109.89 0.760 1.316
Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee. The government purchases: 3.00 trillions of rupees. Individuals consume: 11.30 trillions of rupees. Individuals save: 5.14 trillions of rupees. Businesses invest: 1.30 trillions of rupees. Foreigners spend: 0.69 trillions of rupees to purchase Pakistani firms. Pakistan imports: 1.92 trillions of rupees. Pakistan exports: 1.31 trillions of rupees. Calculate Pakistan's GDP. Assume that the values are all current and no conversions need to be made. Give your answer in terms of trillions of rupees, and round to two decimals.

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