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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34. Which of the following is the definition of GDP? a.The market value of intermediate goods and services in a year b.The market values of all final goods and services in a year c.The market value of non -durable goods in a year d.The market value of durable goods in a year
Calculate GDP, what is included...what is not? Criteria USD in Billions Personal Consumption Expenditure $847 Rental Income $225 Personal Savings $57 Government Purchases $204 Gross Private Domestic Investment $221 $360 Social Security Payments $72 Exports $165 Income earned from investments $140 Imports $267 Wages and Compensation
6. "transfer payments" are not included in calculating GDP, because they are payments not for labor services. True False
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
5 HOW DO I CALCULATE THE NOMINAL GDP FOR EACH YEAR?
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.
A. For each of the following examples, state if you think it is included in the 2010calculation for the Philippine GDP. The benefits of clean air and water. Government pays its fiscal debt interest in 2010. The sale of a new car from a manufacturer’s inventory in 2010. Judy sells her antique collection. Environmental destruction of mining operation in Antique. The sale of a used car. A newly constructed house. Road widening with a 6-month contract that started in January 2010. Government pays its debt interest in 2010. A 1962 Camaro sold to a collector in February 2010. A tractor produced by local automobile company in May 2010 and sold to a farmer in September 2010. A cell phones produced in August 2010 in Shanghai China. A car produced in Philippines in 2010 but sold to a customer in January 2011. Nonmarket goods such as homemaking and child-rearing. Estimated values of activity in the underground economy. Purchases and sales of goods produced in previous periods. Imported rice from…
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?
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.
Need help ASAP 77
2 Identify the one that is not considered as a limitation of GDP as a measure of welfare. a. Working time b. Over adjustment for inflation c. Environment quality d. Underground economic activities