Business, 22.02.2020 01:46 jwoodsk7598

Suppose that furniture production encompasses the following stages: Stage 1: Trees are sold to lumber company. $1,000 Stage 2: Lumber is sold to furniture company. $2,000 Stage 3: Furniture company sells furniture to retail store. $6,000 Stage 4: Furniture store sells furniture to consumer. $10,000 Instructions: Enter your responses rounded to the nearest whole number.

a. What is the value added at each stage?

Stage 1: $ 1000
Stage 2: $ 1000
Stage 3: $ 4000
Stage 4: $ 4000

b. How much does this output contribute to GDP? $ 10,00
c. How much would the output contribute to GDP if the lumber were imported from Russia? $ 9,000

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 21:00, ariannapenny98

Which of the following is not a personality trait? sincerity word processing punctuality laziness

Answers: 1

continue

Business, 22.06.2019 18:00, SmolBeanPotato

What is the cause of smoky exhaust?

Answers: 1

continue

Business, 22.06.2019 18:00, tifftiff22

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?

Answers: 1

continue

Business, 23.06.2019 06:50, juana18

Jaden has a degree in marketing. she would like to run her department. she is going back to school to get a degree in: a. web designer b. database administrator c. information security d. computer user support

Answers: 1

continue

You know the right answer?

Suppose that furniture production encompasses the following stages: Stage 1: Trees are sold to lumbe...