Which uses the flour to bake bread

Assignment Help Business Economics
Reference no: EM131386215

One bag of flour is sold for $1.00 to a bakery, which uses the flour to bake bread that is sold for $3.00 to consumers. A second bag of flour is sold to a consumer in a grocery store for $2.00. Taking these three transactions into account, what is the effect on GDP?

a. GDP increases by $2.00.

b. GDP increases by $3.00.

c. GDP increases by $5.00.

d. GDP increases by $6.00.

Reference no: EM131386215

Questions Cloud

Draw aggregate demand and supply curves for inflation : How do you draw aggregate demand and supply curves for inflation and deflation showing price level and GDP? Suppose the economy faces a recession, how will the federal bank stimulate the economy ? How can Hymen Minsky's theory can be linked to the fi..
Bicycle company uses the steel to produce bicycle : A steel company sells some steel to a bicycle company for $150. The bicycle company uses the steel to produce a bicycle, which it sells for $250. Taken together, these two transactions contribute
Price of beef increases the quantity of beef demanded : If a 10 percent fall in the price of beef increases the quantity of beef demanded by 20 percent and decreases the quantity of chicken demanded by 15 percent, calculate the cross elasticity of demand between beef and chicken. What can you conclude abo..
Perform essentially the same type of work : Suppose that Jenny receives higher pay at her workplace than her collages do, even though they perform essentially the same type of work. However, Jenny's productivity is about 25% higher than that of each of her colleagues. Which of the following wa..
Which uses the flour to bake bread : One bag of flour is sold for $1.00 to a bakery, which uses the flour to bake bread that is sold for $3.00 to consumers. A second bag of flour is sold to a consumer in a grocery store for $2.00. Taking these three transactions into account, what is th..
Explain the purpose of a balance sheet : In a two- to three-page paper (not including the title and reference pages), explain the purpose of a balance sheet and analyze Ford Motor Company's balance sheet from its 2012 Annual Report.
Learn the business in hopes of starting : Steve is has operated an excavating service for 25 years. Joe is a young man who wants to learn the business in hopes of starting his own someday.
If you are olly- would you stay or move to hawaii : What are the "push" and "pull" factors that make Olly leave a job in USA and relocate to Bangkok?What does Olly like about Bangkok? What sacrifices does she have to make to live in Bangkok? If you are Olly, would you stay or move to Hawaii? Why?
Create the compression spring : Create the compression spring shown in Fig. 43-16 using the appropriate 3D modeling commands. Make the spring 7" long, with an overall diameter of 2.5" and a wire diameter of .25". Save your work as compression spring.dwg.

Reviews

Write a Review

 

Business Economics Questions & Answers

  One-time permanent increase in the stock of labor

Shocks to an economy, such as wars, famines, or the unification of two economies. often generate large one-time flows of workers across borders. What are the short-run and long-run effects on an economy of a one-time permanent increase in the stock o..

  You are asked questions about 5 mutually exclusive

you are asked questions about 5 mutually exclusive candidates described as follows all quantities are in

  Analyze the work-incentive effects of mitterands programs

When the late Francois Mitterand was the president of France, he instituted a number of programs designed to appeal to his “blue-collar” constituency. He raised the income tax rate applicable to the rich and expanded the free, government-provided soc..

  Understanding the importance of mission and vision

Understanding the importance of mission and vision and their relationship to strategy and strategic management is important. All strategic actions and direction of a firm should be driven by its mission and vision. Find the mission and values stateme..

  Low and the demand for domestic goods increases

When the price level is low and the demand for domestic goods increases, how does it affect international trade?

  Confronted with an adverse supply shock

Confronted with an adverse supply shock, an economy with rigid wages and prices would suffer

  Illustrate what might you call an outward shift of a nation

Illustrate what might you call an outward shift of a nation's production possibilities frontier.

  Initial public offering

On December 12 of 1980, Apple Computer sold shares in an initial public offering (IPO) for $22 per share. Since then, the stock has split 2-for-1 three times: June of 1987, June of 2000, and February of 2005. If you bought 100 shares at the IPO and s..

  What key element of a social network distinguishes

What key element of a social network distinguishes it from a pure agglomeration or an industrial complex? How can we use the long-run prisoner’s dilemma to better understand why this may happen?

  What are the possible sources of ingredients information

What are the possible sources of ingredients information? Describe how each of the sources will help you in getting the needed information for project ingredients.

  Build trust among virtual team members

To build trust among virtual team members, managers should Deep-six the egos

  Using supply and demand curves

If the demand increases for a product like gasoline and there is no change in the supply of gasoline at the same time, then using SUPPLY and DEMAND CURVES, the new equilibrium price might go up or stay the same, or be lowered.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd