This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In a given year, suppose a company spends 100 million on intermediate goods and 200 million on ... (Read 46 times)

vicotolentino

  • Hero Member
  • *****
  • Posts: 552
on: Jun 30, 2018
In a given year, suppose a company spends 100 million on intermediate goods and 200 million on wages, with no other expenses. Also assume that its total sales are 800 million. The value added by this company equals
 
  A) 200 million.
  B) 300 million.
  C) 500 million.
  D) 700 million.
  E) 800 million.

Question 2

Hedonic pricing is
 
  A) the way that luxury goods are priced in a market economy.
  B) the tendency for the inflation rate to rise by greater and greater amounts.
  C) the tendency for nominal GDP to rise when the price level rises.
  D) the process of translating nominal GDP into real GDP.
  E) the process of pricing individual characteristics of a good or service.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

morganmarie791

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

E


vicotolentino

  • Hero Member
  • *****
  • Posts: 552
Reply #2 on: Jun 30, 2018
Correct answers!


morganmarie791

  • Sr. Member
  • ****
  • Posts: 336
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Shifts between Warm and Cold Periods during the Last 3 Million Years Shifts between Warm and Cold Periods during the Last 3 Million Years
For the 2-year-old, encounters with peers provide valuable practice in communication and social ... For the 2-year-old, encounters with peers provide valuable practice in communication and social ...
U.S. Life Expectancy by Year of Birth U.S. Life Expectancy by Year of Birth
Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ... Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ...
Sam and Jen had a tax liability of 5,115 last year. They were entitled to tax credits of 112 ... Sam and Jen had a tax liability of 5,115 last year. They were entitled to tax credits of 112 ...
A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ... A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ...
Video: Introduction to Sleep Apnea

For a complete list of videos, visit our video library