What are the contributions of these transactions to gdp

Assignment Help Microeconomics
Reference no: EM13238098

Amy  card shop receives a shipment of valentine's day card in December 2013. Amy pays the wholesales distributor of the card a total of $500. In February 2014 she sells the cards for a total of $ 700. What are the contributions of these transactions to GDP in the years 2013 and 2014?

Reference no: EM13238098

Questions Cloud

Compute an overall energy change : Use the data given to calculate an overall energy change (in kilojoules per mole) for the formation of CsF2 from its elements.
Rights of individual and responsibilities of government : How did Rousseau resolve the conflict between the rights of the individual and the responsibilities of government (the state)? How did the ideas about universal education and social reform come to be developed?
Extreme income inequality since beginning of era : Latin America has been characterized by extreme income inequality since the beginning of the colonial era to this point. Why do you believe this is so?
Us executing this policy : What was the US's policy towards Latin America during the 20th century? What were the motives behind this policy? Give one example of the US executing this policy?
What are the contributions of these transactions to gdp : What are the contributions of these transactions to GDP in the years 2013 and 2014?
Important the the enlightenment grew out of the salons : Why is it important the the Enlightenment grew out of the salons and other meeting places of Europe? Who was leading the charge? Why was this significant? Where there any names or organizations you recognized?
Majority of new nations of latin america post independence : What were the two main political parties that formed in the majority of the new nations of Latin America post independence? In what ways were they different?
Analyze the approaches to addressing poverty in the us : 1. Bill Gates argue that world poverty as we know it can be ended by 2020. What myths has the work of his foundation debunked and can what he has learned work here at home?
Describe and discuss the theory or hypothesis : Describe and discuss the theory or hypothesis you wish to discuss in your paper.

Reviews

Write a Review

Microeconomics Questions & Answers

  Explain price plans for china mobile worldwide connect

suppose that lin jun subscribes to the 88 yuan per month plan. (i) how much calling time would she consume? (ii) what would be her total benefit? (iii) what would be her buyer surplus (benefit less charges)?

  What are the firms short run profits

A firm sells its product in a perfectly competitive market where other firms charge a price of $80 per unit. The firm's total costs are C(Q) = 50 + 10Q + 2Q2. (MC = 10 + 4Q). a. What price should the firm charge in the short run? b. Ho..

  Current subsidy are discussed or addressed in parliament

THE SOUTH AFRICAN GOVERNMENT IS NOT PROVIDING ENOUGH WELFARE OR SUBSIDIES TO THE POOR AND UNDERPRIVILEDGED.

  What is gross domestic product

What is gross domestic product (GDP) and what is the use of it and can a country achieve a 0% unemployment rate, explain

  Explain what will happen to the interest rate in the short

An economy is facing the inflationary gap shown in the accompanying diagram. To eliminate the gap, should the central bank use expansionary or contractionary monetary policy? How will the interest rate, investment spending, consumer spending, real..

  To create goodwill to increase expected future business

Sometimes, a bidder on a work contract may bid lower than what would maximize his/her profit from the contract and the reason for that is to create goodwill.

  Natural monopoly owns all the natural resources

If there is a natural monopoly one firm owns all the natural resources in the production of a good, such as owning the diamond mines needed to produce diamonds.

  Fundamentals of demand and supply

A. In 1996, many cows in Great Britain came down with "mad cow disease". As a result, the nations of European union banned the import of British beef.

  Trading firms will increase decrease or no change

Consider the effects of a new matter transmitter,an indivisible input that is economical for trading firms in the city, but not for an individual household. The volume of trade in the region will [increase; decrease; not change]

  Explain market demand and market supply

In a competitive market, the market demand is Qd = 400 - 5P and the market supply is Qs = 10P - 80. A price ceiling of $32 will result in a. a shortage of 80 units b. a shortage of 44 units

  Do specialization and trade benefit more than one trade

The principle of comparative advantage does not provide answers to certain questions. One of those questions is a. Do specialization and trade benefit more than one party to a trade b. Is it absolute advantage or comparative advantage that really mat..

  Computing revenue maximizing price

If the goal of the transit authority was to maximize total revenues, what is the new price it should set? Also, what would the total revenue raised in this new price scheme?

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