Author Question: One bag of coffee beans is sold for 7 to a cafe that uses it to brew coffee which it sells to ... (Read 118 times)

biggirl4568

  • Hero Member
  • *****
  • Posts: 551
One bag of coffee beans is sold for 7 to a cafe that uses it to brew coffee which it sells to customers for a total of 15. A second bag of coffee is sold directly to Joan for 7, who uses it to brew coffee for her family every morning.
 
  What is the contribution to GDP from the purchases of coffee beans and coffee?
  A) 14 B) 29 C) 15 D) 7 E) 22

Question 2

The reserve ratio is 10 percent. If the bank receives a customer deposit of 100,000, then an immediate effect is
 
  A) a reduction in the bank's total assets of exactly 10,000.
  B) no change in the bank's total assets or total liabilities.
  C) a reduction in the bank's total liabilities of exactly 10,000.
  D) an increase in the bank's reserves of exactly 10,000.



at

  • Sr. Member
  • ****
  • Posts: 359
Answer to Question 1

E

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

For a complete list of videos, visit our video library