Suppose a jar of orange marmalade that is ultimately sold to a customer at The Corner Store is produced by the following production process: Name of CompanyRevenuesCost of Purchased inputsCitrus Growers Inc.$0.750Florida Jam Company$2.00$.75The Corner Store$2.50$2.00What is the value added of Florida Jam Company?
A. $2.00
B. $1.25
C. $0.50
D. $0.75
Answer: B
Economics
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Suppose there is a temporary increase in the price of oil. This is represented by
A) a leftward shift of the SAS and the LAS curve. B) a leftward shift of the LAS curve. C) a rightward shift of the SAS curve. D) a leftward shift of the SAS curve.
Economics
Due to an increase in real GDP:
a. Real consumption rises and real gross private domestic investment falls. b. Real consumption rises and real net exports fall. c. Real gross private domestic investment rises and real net exports rise. d. Real consumption rises and real gross private domestic investment remains the same. e. None of the above.
Economics