1 ) Changes in business inventories are:     classified as government purchases.     classified as consumption expenditures.     classified as investment expenditures.     excluded from GDP.

Q: Explain the expenditure measure of GDP

A: The expenditure measure of GDP is one of the three ways to calculate GDP, the others being the…

Q: The following table shows data on consumption, investments, exports, imports, and government…

A: Gross Domestic Product: Gross Domestic Product (GDP), refers to the total market value of all final…

Q: Consumption Gross private domestic investment Government spending less transer payments Imports…

A: GDP refers that gross domestic product , refers that production of goods and services within a…

Q: Economics Which of the following statements omits one of the components of the description of gross…

A: GDP refers to the real output produced in the economy.

Q: The following table shows data on consumption, investments, exports, imports, and government…

A: The whole trade of a country is gauged by its net exports. The calculation of net exports is as easy…

Q: Question 1 The formula for calculating GDP using the expenditures method is GDP = C+I+G+(X-I)

A: Ans. 1.  GDP is the value of the final goods and services produces within an economy during a given…

Q: Refer to the graph shown below, which illustrates a third-party payer market for diabetes screenings…

A: From the given demand and supply curve, Without a third party, the market is in equilibrium when the…

Q: Mateo spends $20 to have his hair cut at a salon. This expense is included in the category of gross…

A: The money worth of final products and services produced in a country during a year is known as the…

Q: Personal consumption expenditures in billions of dollars are A) 900. B) 1,100. C)1400 D) 1,600.…

A: GDP is a macroeconomic measure that is used to determine the total aggregate production in a…

Q: The gross domestic product (GDP) of the United States is defined as the market value of all final…

A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question…

Q: Saving and investment in the national income accounts The following table contains data for a…

A: GDP is the sum of consumption, investment, government expenditure and net exports in an open…

Q: Answer the question on the basis of the following national income data. All figures are in billions…

A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…

Q: Which of the following will not cause an increase in equilibrium GDP? a) an increase in government…

A: According to the expenditure approach of calculating national income,  Y= C+I+G+NX C is the domestic…

Q: If households pay $1,000 in interest payments and receive $1,200 in interest, wages equal $9,000,…

A: The gross domestic income measures the economic activity of a country by summing up the income…

Q: Which of the following are assumed to be independent of the level of national income: (a)…

A: National income refers to the total income earned by the people of an economy in a particular period…

Q: The following data about a hypothetical economy are in billions of dollars. Personal Consumption…

A: Gross Domestic Product (GDP) will be calculated as sum of consumption, gross domestic investment,…

Q: Refer to the information provided in Table 21.1 below to answer the question(s) that follow. Table…

A: Note: Since you have posted multiple questions, we will provide the solution only to the first…

Q: do fast. i will 5 upvotes .urgent .

A: The objective of this question is to calculate the Gross Domestic Product (GDP) for the United…

Q: Gross domestic product (GDP) is a measurement of the total value of all goods and services produced…

A: In an economy, consumers are the important players that create aggregate demand. Everything in the…

Q: Question 1: For each of the activities listed below, determine if it should be included in…

A: The expenditure approach to calculating GDP includes all final goods and services produced in a…

Q: Net exports are exports less imports. that portion of consumption and investment goods sent to other…

A: Net Exports are a part of GDP of a country. Net Exports=Exports-Imports   Option B-Sending…

Q: The income and expenditure approaches to measuring a nation's GDP can be combined using the circular…

A: Aggregate demand:The entire amount of products and services demanded across all economic sectors…

Q: Complete the following table by using national income accounting identities to calculate private and…

A: Consumption, investment and government expenditure are components of GDP in a closed economy.

Q: TOTAL EXPENDITURE (Billions of dollars) 500 475 450 425 400 375 350 325 300 300 325 350 375 400 425…

A: Consumption function:The consumption function shows the relationship between consumption and income…

Q: Hitomi is a Japanese tourist who spends $50,000 on her vacation in Alberta. (e) Ichabod purchases a…

A: D) GDP would increase by 50,000. Spending by Japanese tourist happens in Canada. So it would be…

Q: When a U.S. consumer buys Canadian maple syrup at the grocery store, this purchase is: A) an import…

A: Answer: If  а  U.S.  соnsumer  buys  mарle  syruр  mаde  in  Саnаdа,  it  is  inсluded  оn  Саnаdа's…

Q: Which of the following would be in GDP expenditure-based in the national income accounts for Canada?…

A: GDP  basically refers to the total monetary value of all final goods and services that a nation…

Q: Measure GDP and NDP from the following data Consumption Expenditure              $ 28,500…

A: Here, information about various economic activities of a country is given to compute GDP and NDP.