Which of the following is a service-based business? (Select the best answer.)

Question 1 options:

A house cleaning company

A cupcake shop

An online clothing store

A shoe store

Nominal GDP is adjusted for inflation, whereas real GDP is the market or money value of all final goods and services produced by the economy in a given year.

Joe wants consumers and farmers, as well as "the entire planet," to be "healthy and well." Debra also talks about "doing good while doing well." Joe and Debra use to measure Theo Chocolate's success.

Theresa, an outside sales person, uses her car for both business and pleasure. Last year, she traveled 30,000 miles, using 900 gallons of gasoline. Her car gets 40 mpg on the highway and 25 mpg in the city.

It costs Sheffield Corp. $12 of variable and $5 of fixed costs to produce one bathroom scale which normally sells for $35. A foreign wholesaler offers to purchase 2000 scales at $15 each.

Reliable Gearing currently is all-equity-financed. It has 10,000 shares of equity outstanding, selling at $100 a share. The firm is considering a capital restructuring.

Suppose that there are two industries, A and B. There are five firms in industry A with sales at $5 million, $2 million, $1 million, $1 million, and $1 million, respectively. There are four firms in industry B with equal sales of $2.

Despite having the highest overall GDP, the US ranks fifth for productivity when considering the GDP per hour worked. What contributes to this discrepancy?

Young raxxi invested in a back-loading mutual fund at a rate of 3%. the net asset value at the time of purchase was $18.48. at the time young sold his fund shares the net asset value was $18.25. his investment was $9,240.

12. An industry is defined as: a. A collection of firms that compete with one another in a single product market. b. A collection of firms that exist in a particular geographical area (e. g. Spain). c.

Why are only final goods and services included in the calculation of GDP?