A. general electric uses $10 million worth of glass, steel, and plastic to produce dishwashers. wages and salaries in the dishwasher division are $40 million; the division's only other expense is $15 million in interest that it pays on its bonds. the division's revenue for the year is $75 million. (hint: you can use either of our two methods to calculate this, one is easy, the other is more difficult)

Expenditure Method, GDP is the value of the final good sold in the market. So, GDP will rise by $75 million.

Using the Factor payments approach,

Wages and salaries and interest paid by

Adding GE's profit and its factor payments we get,

Thus, GDP by both the methods is $75 million.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi