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

Water meter replacement program, Water Meter Replacement Program: Typi...

Water Meter Replacement Program: Typically water providers install meters at each service address, read meters monthly and charge customers according to their usage. In resid

Theories of common property resource management, Normal 0 false...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Nursing, Questions 1. Mrs Holt, 85 years old, has been admitted to acute ca...

Questions 1. Mrs Holt, 85 years old, has been admitted to acute care following a fall resulting in a fractured femur. She is a widow and lives alone with her three cats for compa

Determine the exchange table, Suppose an economy has four sectors, Agricult...

Suppose an economy has four sectors, Agriculture (A), Energy (E), Manufacturing (M), and Transportation (T). Sector A sells 10% of its output to E and 25% to M and retains the rest

Properties of isoquants, 1. Isoquants are negatively sloped because if...

1. Isoquants are negatively sloped because if the quantity of factor 1 used in production is decreased then the quantity of the other factor must be increased to produce the s

Economical and social policy, Topic: Please choose a case study in water re...

Topic: Please choose a case study in water related area and analyse it from at least two angles (or more) by examining the technical side as well as the economical, social and poli

Significance of education to economic development, Normal 0 fal...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Labor productivity, Labor Productivity  - Labor Productivity and Standa...

Labor Productivity  - Labor Productivity and Standard of Living - Consumption can increase if productivity increases. - Determinants of Productivity Stock of capit

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