ou buy a hat at the local mall for $10.83 and the store paid a factory...

Question

Question

ou buy a hat at the local mall for $10.83 and the store paid a factory...

ou buy a hat at the local mall for $10.83 and the store paid a factory in Mexico $3.42 to produce the hat. What is the contribution to our GDP?

business economics

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

The contribution of the hat to the US GDP is zero.

GDP represents the market value of all goods and services produced in the economy in a given year. Since the hat was produced in Mexico, it would be included in the GDP of Mexico rather than the GDP of the USA.

Add a comment

Answer 2

Similar Homework Help Questions

You buy a hat at the local mall for $13.22 and the store paid a factory...

You buy a hat at the local mall for $13.22 and the store paid a factory in Mexico $3.31 to produce the hat. What is the contribution to our GDP? Enter a number rounded to two decimal places
1.67 pts You buy a hat at the local mall for $11.83 and the store paid...

1.67 pts You buy a hat at the local mall for $11.83 and the store paid a factory in Mexico $3.80 to produce the hat. What is the contribution to Our GDP? Enter a number rounded to two decimal places.
You buy a hat at the local mall for $10.92 and the store paid a factory...

You buy a hat at the local mall for $10.92 and the store paid a factory in Mexico $3.68 to produce the hat. What is the contribution to our GDP? Enter a number rounded to two decimal places. « Previous Next Assume the population is 246 million. 52 million are under the age of 16,53 million are stay at home spouses, 21 million are full time college students with no job, 29 million are retired, 22 million are unemployed, and...

How would you forecast labor demand for a retail store in a local shopping mall? What...

How would you forecast labor demand for a retail store in a local shopping mall? What sources would you use and why? How would you forecast labor supply for a retail store in a local shopping mall? What sources would you use and why? If you forecasted a shortage of workers for a retail store in a local shopping mall, what type of action plan would you suggest? How can that type of store find more workers?
ou want to buy a car, and a local bank will lend you $25,000. The loan...

ou want to buy a car, and a local bank will lend you $25,000. The loan would be fully amortized over 5 years (60 months), and the nominal interest rate would be 9%, with interest paid monthly. What is the monthly loan payment? Do not round intermediate calculations. Round your answer to the nearest cent. $ What is the loan's EFF%? Do not round intermediate calculations. Round your answer to two decimal places. %
ou want to buy a car, and a local bank will lend you $10,000. The loan...

ou want to buy a car, and a local bank will lend you $10,000. The loan would be fully amortized over 5 years (60 months), and the nominal interest rate would be 15%, with interest paid monthly. What is the monthly loan payment? Do not round intermediate calculations. Round your answer to the nearest cent. $ What is the loan's EFF%? Do not round intermediate calculations. Round your answer to two decimal places. %

10) The manager at a local Best Buy store kept track of daily sales of the...

10) The manager at a local Best Buy store kept track of daily sales of the iPhone 6 when it was first introduced. He noticed that sales were very high at first, but showed a steady decrease. For example, on day 5 after the phones first went on sale, the store sold 248 iPhone 6’s, but on day 10 after the phones first went on sale, the store sold only 163 iPhone 6’s. Assume that the relationship between number of...
1. ou are the manager of a local sporting goods store and recently purchased a shipment...

1. ou are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost of $25,000 (your wholesale supplier would not let you purchase the skis and bindings separately, nor would it let you purchase fewer than 60 sets). The community in which your store is located consists of many different types of skiers, ranging from advanced to beginners. From experience, you know that different skiers...
1. ou are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindi...

1. ou are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost of $25,000 (your wholesale supplier would not let you purchase the skis and bindings separately, nor would it let you purchase fewer than 60 sets). The community in which your store is located consists of many different types of skiers, ranging from advanced to beginners. From experience, you know that different skiers...

Case Title: The Produce Department “I’ve worked at the local supermarket for 5 years as a...

Case Title: The Produce Department “I’ve worked at the local supermarket for 5 years as a part-time associate in the produce department. I work around a lot food that can easily be eaten. If you go into the cooler there aren’t any cameras, so it’s unlikely you’ll get caught unless the store manager or store assistant walks in on you. A. When we cut fruit to put into mixed fruit bowls, even our manager snacked on it. Everyone in our...

ou buy a hat at the local mall for $10.83 and the store paid a factory...

Homework Answers

Add Answer to:
ou buy a hat at the local mall for $10.83 and the store paid a factory...

Post as a guest

Earn Coins

You buy a hat at the local mall for $13.22 and the store paid a factory...

1.67 pts You buy a hat at the local mall for $11.83 and the store paid...

You buy a hat at the local mall for $10.92 and the store paid a factory...

How would you forecast labor demand for a retail store in a local shopping mall? What...

ou want to buy a car, and a local bank will lend you $25,000. The loan...

ou want to buy a car, and a local bank will lend you $10,000. The loan...

10) The manager at a local Best Buy store kept track of daily sales of the...

1. ou are the manager of a local sporting goods store and recently purchased a shipment...

1. ou are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindi...

Case Title: The Produce Department “I’ve worked at the local supermarket for 5 years as a...

ou buy a hat at the local mall for $10.83 and the store paid a factory...

Homework Answers

Add Answer to: ou buy a hat at the local mall for $10.83 and the store paid a factory...

Post as a guest

Earn Coins

Add Answer to:
ou buy a hat at the local mall for $10.83 and the store paid a factory...