Business, 10.02.2020 22:20 cam961

A mechanic builds an engine and then sells it to a customized body shop for $7,000. The body shop inserts the engine into the car, tricks it out, and resells it to a dealer for $20,000. The dealer then sells the finished vehicle for $35,000. A consumer drives off with the car.
a. How much does the GDP increase?
b. What us the value-added at each step of the production process?
c. How does the total value-added compare with the amount that GDP increased?

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:30, jackiecroce1

Which of the following best describes the purpose of raising and lowering the required reserve ratio? a. to make sure that government spending does not result in either a surplus or deficit. b. to stimulate economic growth by making it less expensive for producers to get loans. c. to manage the economy by increasing or decreasing the amount of loans being made. d. to regulate the activity of private banks to assure an equitable distribution of wealth. 2b2t

Answers: 3

continue

Business, 22.06.2019 17:30, chrisd2432

Alinguist had a gross income of 53,350 last year. if 17.9% of his income got witheld for federal income tax, how much of the linguist's pay got witheld for federal income tax last year?

Answers: 2

continue

Business, 22.06.2019 23:00, sergiogautosg15

The era of venture capitalists doling out large sums of money to startups is a. just beginning b. on the rise c. over d. fading

Answers: 2

continue

Business, 22.06.2019 23:30, dangrueneberg9124

Which statement best describes the two reactions? abcl, + h2 → 2hci2h + h = he + inreaction a involves a greater change, and reaction b involves a change in element identity. reaction b involves a greater change and a change in element identityreaction a involves a greater change and a change in element identity. reaction b involves a greater change, and reaction a involves a change in element identity.

Answers: 1

continue

You know the right answer?

A mechanic builds an engine and then sells it to a customized body shop for $7,000. The body shop in...