Essay
Debbie makes porcelain plates in her home and sells them to the Opus gallery.She spent $400 last month on supplies and made 50 plates.She sold the plates to the gallery at $25 per plate.The gallery sells all the plates for $40 each.For all of the 50 plates,what is Debbie's total value added? For all the 50 plates,what is the gallery's total value added?
Correct Answer:
Verified
To determine Debbie's value added,we mus...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q34: The "underground economy" is also referred to
Q35: Using "chain-weighted" prices to calculate real GDP
Q36: Scenario 8-1<br>CANOES-R-US makes canoes.It buys the shell
Q37: Legalizing all forms of illegal activities<br>A)reduces GDP
Q38: Why do we subtract import spending from
Q40: Table 8-8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 8-8
Q41: Describe briefly how the final value of
Q42: The purchase by a foreign government of
Q43: National income equals gross national product minus<br>A)imports.<br>B)depreciation.<br>C)inventories.<br>D)changes
Q44: Table 8-13<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 8-13