Macroeconomics question, economics, Microeconomics

Assignment Help:
In June 2009, Textile co. (a domestically located firm) purchased 1000 yards of cloth from India (a foreign country) for $1000. Textile co. hired Elizabeth and paid her $5000 to sew 200 dresses. Textile co. sells the completed dresses to Lacy’s Boutique for $10,000 (that’s $50 per dress) in October 2009. The manager at Lacy’s marks each dress at $150 apiece (assume no sales tax).


Suppose all the of the dresses at Lacy’s are sold. Calculate contribution to domestic GDP in 2009 as a result of the production and sale of the dresses.

Related Discussions:- Macroeconomics question, economics

International Quota Agreements , Define International Quota Agreements, •...

Define International Quota Agreements, • International Quota Agreements seek to prevent fall in commodity prices by regulating their supply. Under the quota agreement export quot

Gdp problems, 1.       Why does inflation make nominal GDP a poor measure o...

1.       Why does inflation make nominal GDP a poor measure of the increase in total production from one to the next? How does the U.S' BEA deal with the problem inflation causes w

Explain about the determination of equilibria, Explain about the determinat...

Explain about the determination of equilibria. Determination of Equilibria: The fourth step for studying an economic step is to make trade-off choices and find out the be

Understanding the labor market using supply and demand, The market for labo...

The market for labor can be studied use a supply and demand framework.  The demand for labor is from employers who use labor to produce goods and services.  The supply of labor is

Markets, Syndicated and organized oligopoly

Syndicated and organized oligopoly

What is the distinguishing characteristic of institutions, What is the dist...

What is the distinguishing characteristic of institutions in the public purpose sphere? The distinguishing characteristic of institutions in the public purpose sphere is that t

What is endothermic reaction, What is endothermic reaction? 3. Draw a gener...

What is endothermic reaction? 3. Draw a generalised energy graph for an endothermic reaction.

Explain the factors influencing the value of ped and yed, Explain the facto...

Explain the factors influencing the value of PED and yED. PED and YED should be explained and then dealt with in terms of determinants. PED is dependent on availability/closene

Financial securities, Securitization: A process in that financial relations...

Securitization: A process in that financial relationships (like loans) are converted into financial securities or assets (like bonds) that can be bought and re-sold in securities m

Capital intensive operations, Where minimum efficient scale is very huge fo...

Where minimum efficient scale is very huge for capital intensive operations, it may be more cost effective to allow one company to spread its fixed costs over a very huge number of

Write Your Message!

Captcha
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