1-Earnings of individuals and companies inside a country is part of the GDP _________.a.even if they are produced by non-citizens.b.even if they come from illegal sourcesc.only if they are produced in the previous yeard.including earnings from selling second-hand goods.

Earnings of individuals and companies inside a country is part of the Gross domestic product even if…

Answered: Earnings of individuals and companies…

Business

Marketing

Earnings of individuals and companies inside a country is part of the GDP _________.

Foundations of Business - Standalone book (MindTap Course List)

4th Edition

ISBN:9781285193946

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter1: Exploring The World Of Business And Economics

Section: Chapter Questions

Problem 1CC

See similar textbooks

Related questions

Q: What is a free market which no buyer or seller has power to significantly affect prices at which…

A: Dear students, as per the guidelines, we are allowed to solve only the first question in case of…

Q: Economic conditions of the country:

A: It's tough to say whether cutting costs or growing income is more vital for all businesses. There…

Q: Coca-Cola was invented in 1886. When was the Coca-Cola formula written down?

A: A small introduction about Coca-Cola: The Coca-Cola Company was founded in 1892 and is based in…

Q: Modern marketing is a function directed towards economic development of the country and in raising…

A: Modern marketing is a function directed towards economic development of the country.It is also…

Q: In a paragraph, explain what the European Union is and convince my country to join the EU.

A: Introduction of EU The European Union is a political and economic union of 27 member states that…

Q: 1. Conglomerate investments are: a type of high-risk investment in which goods or services produced…

A: A conglomerate is a business conglomerate that consists of multiple unconnected enterprises. A…

Q: 8 ________________ refers to the establishment of long term investments a. Regionalism b.…

A: Long-term investment is an investment which is for more than a year such as bonds, real estate,…

Q: True or False a. Civil law uses comprehensive statutes and codes as a primary means to form legal…

A: True or False : a. Civil law uses comprehensive statutes and codes as a primary means to form legal…

Q: Give an example of Firm's negative, or unethical, behavior in foreign market.

A: Before we mention an example that has been deemed as performing some unethical or hostile acts in…

Q: 1. Do you agree that tobacco/cigarette advertising should be banned? Why or Why not?

A: Yes, cigarettes are the cause of the largest preventable cause of death and disease, do little but…

Q: Select one international trade theory and discuss its relevance in today’s business environment…

A: Introduction: The term Business refers to an exchange of goods and services between the buyer and…

Q: How would you recommend a company deal with the differences in culture such as customs, verbal…

A: Worldwide trade is continually growing and individuals progressively work with people and…

Q: Domestic producers of tires send a lobbyist to the U.S. government to request that the government…

A: All the arguments above are in terms of providing trade protectionism where the industry wants…

Q: All non-Lebanese employees can fully benefit from the services provided by the NSSF like any…

A: Answer- True

Q: If a company insists that bribes will not be paid anywhere in the world, it may face severe problems…

A: Most countries have laws against the bribery of their own officials. The U.S. has laws prohibiting…

Q: Q.1.8 Government introduced the _______________ in order to address the discrepancies that existed…

A: In 1994, South Africa’s initial self-governing government was elected, with a strong order to…

Q: Which of the following statements is true about exporting and licensing? a) In exporting the…

A: Exporting is the selling of the products and services in countries other than the home country.…

Q: Statement 1- The stock of foreign direct investment refers to the total accumulated value of…

A: Economic development is described as a process through which low-income and simple economies get…

Q: Please answer the following question below: 1) Analyze in detail some benefits of using a foreign…

A: Advertising: Advertising is a kind of marketing strategy, as it helps in sale of product through…

Q: Mr. Khalfan lives in an Islamic country, he travels abroad for higher studies. Over there, he…

A: The answer is as follows:

Q: 6 E-business Improves homeland Security , by allowing the poeple to work from home is a a. Benefit…

A: E business improves homeland security, by allowing people to work from home is a benefit to society…

Q: The CEOs of two pharmaceutical companies are having lunch. They discuss the unfair costs of ordering…

A: Ans - Illegal boycott Illegal boycott - Any company may, on its own, refuse to do business with…

Q: What are the planning involved for selecting and recruiting expatriates and why it is essential for…

A: These days, the world is digitalized. The whole world is globalized. Business organizations are…

Q: - Countries have the same laws that may ascribe different rights to the various business entities.…

A: Note: Since we only answer up to 3 sub-parts, we'll answer the first 3. Please resubmit the question…

Q: You have recently joined a company as an international sales manager, and you are considering…

A: INTRODUCTION: Every civilized society is built on the tenet of human rights. They are the…

Q: Can you Identify and write down the media in other countries that could be used to support a…

A: Social media are online services that allow you to promote your company with different countries of…

Q: Write no more than 400 words to answer this question You are a publicly listed Australian company…

A: An ethical dilemma is a critical concept in the decision-making process that occurs when any of the…

Q: TRUE or FALSE 45. When a company serves slum areas, it will surely have difficulty in achieving its…

A: In economics, the triple bottom line (TBL) theory states that businesses should devote as much…

Q: -xpropriation? . Fidel Castro kicking American casinos out -f Cuba S. Evo Morales seizing control of…

A: OPTION C None of the above

Q: According to the Ansoff Matrix, companies can make more sales from entering new markets with the…

A: Ansoff matrix: An organisation uses the Ansoff matrix to analyse and plan its growth strategies. The…

Q: “Tourism should be banned in order to protect local environments, cultures and economies.” To what…

A: “Tourism should be banned in order to protect local environments, cultures, and economies.” Tourism…

Q: Outline and explain the reasons for International Trade. Please provide examples to justify…

A: International trade is defined as the exchange of goods and services between international borders.…

Q: Indicate whether the statement is true or false, and justify your answer.Every Bismarck country has…

A: The answer is "False".

Q: Which of these political factors will bring an opportunity to a retail store? a. peace and order in…

A: Business Environment is the factor internal and external to a business which surrounds and influence…

Q: Describe in 3 to 5 paragraphs the employment status of Seasonal Workers in the Philippines.

A: Seasonal employment uses "where the position of assistance to be achieved is seasonal in…

Q: respond to the following paragraph by adding more information? This article covers world leaders…

A: Below is the solution:-

Q: what way does acid rain pose a threat to the German economy? A Germany must pay to repair damaged…

A: In the given multiple choice question, we are asked to determine in what ways acid rain costs…

Q: Ahmed owns a bakery; he sells bread at different prices. For rich people the price is high. In Islam…

A: Random pricing is an arrangement of price discrimination more precisely it is called third-degree…

Q: The propagation of democratic principles has been aided by new information and communication…

A: The statement 5 states that all options are false which isn't right as all the options are true. So…

Q: What is not allowed as per Islamic Sharia or ethics?

A: Ethics Ethics can be defined as a set of standards used to measure the behaviour of an individual…

Q: Which of the following statements is false? O A. Globalization in the economic sphere is also called…

A: Globalization can be defined as the movement and integration of companies, people, ideas, products,…

Q: 3)Explain the concept of a trade embargo and its effect on the country where the embargo has been…

A: A trade embargo is a government order that restricts commercial operations like exports and imports,…

Question

Earnings of individuals and companies inside a country is part of the GDP _________.

even if they are produced by non-citizens.

even if they come from illegal sources

only if they are produced in the previous year

including earnings from selling second-hand goods.

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1- Introduction

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Which of these economic environment events will give be favorable? A. increase in population B. increase in taxes C. political instability D. high employment rate
Explain the differences between GDP and GNP in 40-50 words.
The gross domestic product is equal to the total______ of a nation
Flat Panel TV’s A. Are produced only in one country B. Were invented in Japan C. Resulted in the Trump administration outlawing cathode ray TV’s D. Are all produced in the US E. Have benefited Mexican workers
1. What is a free market which no buyer or seller has power to significantly affect prices at which goods are exchanged?2. What is the discrimination that is the result of the actions of all or many of the people in an institution and of their routine processess and policies?
Describe three (3) measures that you would recommend the government implement to deal with the rise in the price of animal feed, due to the shortage of soybean meal and corn.
What is the possible reason for increasing unemployment in a country? a. Increase in economic activities b. Decrease in number job seekers c. Increase in number of businesses d. Decrease in number of businesses
Why do we say “the market knows nothing of honor?”
Due to the demonstration of job seekers which took place in Sohar, the government decided to offer 32,000 jobs. Companies like PDO, Sohar International Bank, and many others offered job opportunities for these job seekers as part of their national support. This is an example of All the options Strategic CSR Altruistic CSR Ethical CSR
What is gross domestic product (GDP)?
( 155) If you were James Benfield, what kinds of information you are about to collect if the company decides to enter China's market? And please explain why these information are necessary?
After you hand your passport to the immigration officer in country X, he misplaces it. A small "donation" would certainly help him find it again. Should you give him the money? is this a business expense to be charged to your company?