For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U. S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M).
a. Dmitri and Frances Cuttner live in Swarthmore, PA. Their son, Jake, owns his own plumbing business.
b. Dmitri's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China.
c. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
Answers: 2
Business, 21.06.2019 15:10, toricepeda82
In which of the following situations would the price of a good be most likely to increase? a. a breakthrough in productive technology enables a company to increase its output. b. an increase in production costs results from a rise in wages. c. there's a sudden increase in the number of companies competing to sell the good. d. a drop in demand happens too quickly for producers to decrease production to keep up.
Answers: 1
Business, 22.06.2019 20:00, 2965276513
Afirm is producing at minimum average total cost with its current plant. draw the firm's long-run average cost curve. label it. draw a point on the lrac curve at which the firm cannot lower its average total cost. draw the firm's short-run average total cost curve that is consistent with the point you have drawn. label it. g
Answers: 2
For each of the following transactions that occur in their lives, identify whether it is included in...
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