The expenditure and resource cost-income approaches to calculating gdp arrive at the same final number, but they calculate that number in different ways. to illustrate, consider the possible effects of the following transactions on gdp:
1. yakov pays awesome foods market $1,000 to cater his daughter's engagement party. he's attracted by awesome foods market's guarantee that he'll be happy with the catering, or he'll get his money back.
2. awesome foods market pays joann's catering $900 to cater the party.
3. joann's catering buys plasticware worth $150 from kostko.

compute contributions to gdp, using the expenditure approach. assume that kostko receives the plasticware at no charge and that other costs are zero. hint: add the amount of money spent by buyers of final goods and services.

Owning a word is a characteristic of a powerful a. productb. servicec. organization d. brand

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations

What is ur favorite song and by who i know dis is a random question