Solution-National income would no longer equal gdp

National income would no longer equal gdp

Reference no: EM13969636

If a firm sold $700 worth of goods which cost $1,000 to produce:

A.	national income would no longer equal GDP.
B.	the firm's loss needs to be subtracted from final sales so that income and output are still equal.
C.	the firm's loss would not be added to national income.
D.	national income would still equal GDP.

Reference no: EM13969636

Questions Cloud

The future of the canadian senate : In a new poll with regard to the future of the Canadian Senate, 70% of the respondents indicated that they would like to have a vote with respect to the upper chamber's future. Furthermore, 50% of the respondents said that they would like to see the ..

Problem regarding the theory of corporate personality : The court will not allow the theory of corporate personality to be used as a means of fraud or sharp practice - the judge has the power to 'draw aside the corporate veil'.

What is contribution margin per unit for each chocolate bar : What is the contribution margin per unit for each chocolate bar produced given the fact pattern above? What is the Swiss Chocolate's U.S. division breakeven point in units and dollars given the fact pattern above?

What is the cost of the room in dollars : Kenya is reserving a room in a hotel in France where they use euros (€). The room charge is €75. Suppose the conversion rate is €1 = $1.298. What is the cost of the room in dollars?

National income would no longer equal gdp : If a firm sold $700 worth of goods which cost $1,000 to produce: A. national income would no longer equal GDP. B. the firm's loss needs to be subtracted from final sales so that income and output are still equal.

Consider two raster systems with resolution of 640 by 480 : Consider two raster systems with resolution of 640 by 480 and 1280 by 1024 how many pixels would be accessed per second in each of these systems by a display controller that refreshes the screen at a rate of 60 frames per second? what is the access t..

Calculate the value of k : Calculate the value of k if (k,2) is a point of f in the given function f(x) = 1 ÷ x-2 -1

Disadvantages of the doctrine of judicial precedent : 1. How has Britain's membership of the European Community affected the English legal system? 2. What are the advantages and disadvantages of the doctrine of judicial precedent?

The supply of corn in a competitive market : What effect will each of the following most likely have on the supply of corn in a competitive market? State what happens to supply. A....the development of an improved corn seed that resists drought conditions

User Account

All Pages

National income would no longer equal gdp

Reference no: EM13969636

Reference no: EM13969636

Questions Cloud

Reviews

Write a Review

Microeconomics Questions & Answers

How might further adjust price before raising it to regular

If this was perfectly competitive market how many units

What are the problems associated with using cos tolls

Explain why transnational companies

Establishing alpha and beta

A the food and drug administration classifies tobacco an

What does the long run model say wage in this economy

Find the dual of the lp problem from part a

Cultural influences

What is probability of no arrivals for more than one hour

How much revenue will it receive

What agreements are integral parts of the wto

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT