Spending - Included in the U.S. GDP for 2020, or not included ? If so, under which expenditure category (C, I, G, X etc,?) If not, why not? A.You buy a $20,000 new Toyota made in San Antonio. ____________________ B. Microsoft buys a $20,000 new Toyota made in San Antonio ________________ C. Kendrick Jones, of Alberta, Canada, buys a $20,000 new Toyota made in San Antonio_______________
Need help with this.
1. Spending - Included in the U.S. GDP for 2020, or not included ?
If so, under which expenditure category (C, I, G, X etc,?) If not, why not?
A.You buy a $20,000 new Toyota made in San Antonio. ____________________
B. Microsoft buys a $20,000 new Toyota made in San Antonio ________________
C. Kendrick Jones, of Alberta, Canada, buys a $20,000 new Toyota made in San Antonio_______________
D. You buy $20,000 in General Motors Corporation stock ___________________
E. You pay a lawyer $2,000 to sue your neighbor for building a fence on your land, and lose the suit. ________________________
F, You buy your neighbor’s used fence for $1,000. _________________________
H. You pay Alamo Colleges $1200 tuition for classes you took during 2020 ____________________________
I. The federal government sends Nruce Borton a social security check for $600 during 2020. _______________________________
J. The San Antonio Independent School District pays Ricki Kicker $55,000 for teaching high school in 2020. __________________________
- Explain why the Government Spending (G) component of GDP falls short of actual (total) government outlays or expenditures.
- If
Depreciation = $479- Gross private domestic Investment (I) = $716
- Government spending = $924
- Imports = $547
- Personal Consumption Expenditures = $2,966
- Exports = $427
a. How big is the GDP?
b. How big is National Income?
Since you have posted a question with multiple sub parts, we will solve first three subparts for you. To get remaining sub part solved please repost the complete question and mention the sub parts to be solved.
Gross domestic product(GDP) measures the money value of all final goods and services produced in an economy during a specific period of time.
Step by step
Solved in 2 steps
Need help with this. Thank you
1. Explain why the Government Spending (G) component of GDP falls short of actual (total) government outlays or expenditures.
- If
Depreciation = $479- Gross private domestic Investment (I) = $716
- Government spending = $924
- Imports = $547
- Personal Consumption Expenditures = $2,966
- Exports = $427
a. How big is the GDP?
b. How big is National Income?
Hello, this a follow up just to remind you I need this fully answered.
Here is what needs to be answered:
H. You pay Alamo Colleges $1200 tuition for classes you took during 2020 ____________________________
I. The federal government sends Nruce Borton a social security check for $600 during 2020. _______________________________
J. The San Antonio Independent School District pays Ricki Kicker $55,000 for teaching high school in 2020. __________________________
- Explain why the Government Spending (G) component of GDP falls short of actual (total) government outlays or expenditures.
- If
Depreciation = $479- Gross private domestic Investment (I) = $716
- Government spending = $924
- Imports = $547
- Personal Consumption Expenditures = $2,966
- Exports = $427
a. How big is the GDP?
b. How big is National Income?
You did some work on it. Sub parts to be completed/solved.
Need help with this
1. Spending - Included in the U.S. GDP for 2020, or not included ?
If so, under which expenditure category (C, I, G, X etc,?) If not, why not?
A.You buy a $20,000 new Toyota made in San Antonio. ____________________
B. Microsoft buys a $20,000 new Toyota made in San Antonio ________________
C. Kendrick Jones, of Alberta, Canada, buys a $20,000 new Toyota made in San Antonio_______________
D. You buy $20,000 in General Motors Corporation stock ___________________
E. You pay a lawyer $2,000 to sue your neighbor for building a fence on your land, and lose the suit. ________________________
F, You buy your neighbor’s used fence for $1,000. _________________________
H. You pay Alamo Colleges $1200 tuition for classes you took during 2020 ____________________________
I. The federal government sends Nruce Borton a social security check for $600 during 2020. _______________________________
J. The San Antonio Independent School District pays Ricki Kicker $55,000 for teaching high school in 2020. __________________________
- Explain why the Government Spending (G) component of GDP falls short of actual (total) government outlays or expenditures.
- If
Depreciation = $479- Gross private domestic Investment (I) = $716
- Government spending = $924
- Imports = $547
- Personal Consumption Expenditures = $2,966
- Exports = $427
a. How big is the GDP?
b. How big is National Income?