Value added. Company A sells four tires to Company X for $200. Company B sells a CD player to Company X for $150. Company X installs both in a car, which sellsfor $2500. What is the contribution of the Company B to GDP?OA. $0OB. $2500OC. $2150OD. $350

Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and…

Answered: Value added. Company A sells four tires…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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In 2013, Blackberry bought $100 million in parts in New York and $150 million in parts in Ontario to produce $600 million worth of phones in Ontario. In 2013, Blackberry sold $500 million in phones and paid $200 million in wages, $40 million in interest, and $60 million in rent. Blackberry sold the remaining phones in 2014. Based on this information, what was blackberry's value-added contribution to 2013 Canadian GDP? 1)$600 million 2)$500 million 3)$450 million 4)$350 million 5)$200 million
How does this impact GDP?
Identify whether or not each of the following transactions would be included in GDP, and if so, which method of calculating (income or expenditures), and further, which category? f. A shareholder sells $5000 of their stock to another buyer. g. A Canadian marketing agency is hired by a European company to design a marketing campaign.h. A shareholder is paid dividends.
Which of the following is NOT one of the forms of production that is excluded in GDP? A. Household production B. Illegal production C. The under ground economy D. Production of services
In 2020, Delorse Greenlee purchased a 1892 painting by Paul Cezanne for $250 million. She also paid a 1 percent commission to the auction house that sold the painting. What was the contribution of these transactions to GDP in the year 2020? Select one: a. $2.5 million b. $252.5 million C. $25 million d. $0
I need an explanation why the answer is 11,000. Thank you.
Which of the following transactions are or are not included in GDP? 1. The pollution created when building an electric car battery. 2. Your parent washes, dries, and folds your laundry. 3. You consume a meal at Jack in the Box. 4. You buy a Rolex watch on the streets of Redwood City. 5. You volunteer to help clean up at your church after services on Sunday. 6. You write a Yelp review of Dr. Eck's restaurant.
What activity is not included in the GDP? O Emily cooked some soup for the customers in the restaurant You paid $20 to your neighbor for helping you to fix the fence of your backyard Emily purchased an old car Emily purchased a new car
Which is not considered to be a GDP investment? The building of an apartment complex Additions to inventories at steel plants Purchase of shares of company stock Construction of a new factory
Explain the difference between GDP and GNP. If the residents of Oman generate as much production in the rest of the world as the rest of the world produces in Oman, what should be true about Oman GDP and GNP?
Explain the difference between GDP and GNI.
Ben is a farmer who grows oranges. In the current year Ben produces oranges valued at $54,087, half of which he sells directly to consumers, and half of which he sells to Tropicana to make orange juice. Tropicana produces orange juice and sells it to consumers for $84,605. What is the value of GDP in this simple economy? Enter a whole number with no commas and no dollar sign, such as 1876.

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Value added. Company A sells four tires to Company X for $200. Company B sells a CD player to Company X for $150. Company X installs both in a car, which sells for $2500. What is the contribution of the Company B to GDP? OA. $0 OB. $2500 OC. $2150 OD. $350