49- Which of the following is true about GDP as ameasure of a country's economic health?a. It measures only those goods and servicesmade within a country.b.lt does not include profits earned by foreigncompanies within the country being measured.c. It does not include the services produced in acountry.d. It includes profits from companies' overseasoperations.48- A business is commonly considered a(n)a. structural grouping of people to accomplish aset of objectivesb.organized effort of individuals to produce andsell, for a profit, the goods and services thatsatisfy society's needsc.systematic arrangement of people to sell goodsor servicesd.systematic grouping of people to establishprocedures, rules and regulations

9- Which of the following is true about GDP as a heasure of a country's economic health? . It measures only those goods and services hade within a country. .It does not include profits earned by foreign ompanies within the country being measured. . It does not include the services produced in a ountry. . It includes profits from companies' overseas perations. 8- A business is commonly considered a(n) . structural grouping of people to accomplish a et of objectives .organized effort of individuals to produce and ell, for a profit, the goods and services that atisfy society's needs -systematic arrangement of people to sell goods r services

9- Which of the following is true about GDP as a heasure of a country's economic health? . It measures only those goods and services hade within a country. .It does not include profits earned by foreign ompanies within the country being measured. . It does not include the services produced in a ountry. . It includes profits from companies' overseas perations. 8- A business is commonly considered a(n) . structural grouping of people to accomplish a et of objectives .organized effort of individuals to produce and ell, for a profit, the goods and services that atisfy society's needs -systematic arrangement of people to sell goods r services

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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2. Which of the following will decline in US GDP according to national income accounting? a. An decrease in government financial assistance to families for groceries and food paid for by income tax revenue b. an increase in imports from China a drop in salaries paid to soldiers in the US military с. d. an old bridge collapses and is left un-repaired and untouched the entire year е. none of the above
Which of the following(s) is (are) weakness(es) of the GDP in reflecting the standards of living of an economy? (i) It reflects the underground activities in the economy. (ii) It doesn't reflect the number of working hours of the workers. (iii) It reflects the distribution of income inequality among people. (iv) It doesn't reflect crime and other social problems. A. (i) and (iii) only B. (i), (ii) and (iii) only. C. (i) and (iv) only D. (ii) and (iv) only E. All of (i), (ii), (iii) and (iv)
B If nominal GDP is $10,700 billion and the GDP deflator is 110.5, real GDP is Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
What was nominal GDP in each year? What was real GDP in 2010, in terms of year 2000 dollars? What was realGDP growth over the period?
For a nominal GDP of 33,000 and GDP deflator of 110, calculate real GDP. A.) 30,000 B.) 272.72 C.) 33,000 D.) Can not be determined
Only DEF not ABC please. Thankyou
Refer to the table given. The gross domestic product (GDP) in billions of TL i .. TL Billions Government purchases Services consumption Receipts of factor income from the rest of the world Nonresidential investment 1000 500 30 650 Exports Durable goods consumption Change in business inventories Imports Nondurable goods consumption Payments of factor income to the rest of the world Residential investment 50 300 40 200 600 50 200 3440 2900 3140 3650
GDP 1. Calculate the values for the blanks in the shaded areas of the table below: Expenditure Components of GDP by Country, 2020 (83Son of current US dollars) Australia Canada Denmark Finland Japan India 1617 137.9 873 65.9 C E FOOD 80.0 65.3 16 0.5 L M N 195.4 97.G 1725 96.7 Household consumption Government expenditure Investments Gross fixed Investments Changes in inventories Net Exports Exports Imports A: ÄÜÄ÷ B: C: D: E: F: G: H: I: J: 746.5 K: L: 297.2 A 316.9 4.3 3152 254.7 943.7 371.8 B 377.7 (147) K 476.0 509.8 M: N: 0: P: 1,591.7 Q: R: 292.1 722.0 97.0 4973 $11.3 કીડી || T: 2.700.7 Y: 1,066.4 1,279.5 106 785.4 786.2 New Zealand UK 122.0 43.7 G 47.3 (p.s) P 46A GDP S U W Y Source: GOP by Type of Expenditure at current prices-US dollars, Retrieved 7/27/2022. National Accounts Estimates of Main Aggregates United Nations feste Division 472 Z: ZZ: 1,683.7 2. Based on the information in the table and your calculations for Question #1: Do any countries have positive net exports?…
67. GDP is defined as the market value of all final goods and services produced within a country in a given period of time. In spite of this definition, some production is left out of GDP. Explain why some final goods and services are not included.
What calculation gives the best indication of economic well-being? Onominal GDP divided by the number of workers nominal GDP divided by the population Oreal GDP divided by the population real GDP divided by the number of workers.