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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.
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 candidates described as follows all quantities are in
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 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..
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, an economy with rigid wages and prices would suffer
Illustrate what might you call an outward shift of a nation's production possibilities frontier.
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 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? Describe how each of the sources will help you in getting the needed information for project ingredients.
To build trust among virtual team members, managers should Deep-six the egos
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.
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