A car manufacturing company produces a $20,000 car using $16,000 worth of components and$4,000 worth of labour. The contribution to GDP is: 1.$40,000 2.$16,000 3.$4,000 4.$36,000

Q: A computer company produces a $2,000 computer using $1,200 worth of electronic components and $600…

A: Answer to the question is as follows:

Q: Wages $20,000 Rental Income $5,000 Consumption $50,000 Profits $65,000 Investment $54,000…

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

Q: Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all…

A: The gross domestic product (GDP) is a metric used to represent the economic output of a nation. A…

Q: Which of the following would increase the consumption component of U.S. GDP? Select one: OA. A Baton…

A: GDP refers to the gross domestic product that refers to the monetary value of all final goods and…

Q: Which of the following does NOT add to U.S. GDP?a. Boeing manufactures and sells a plane to…

A: The Gross Domestic Product (GDP) is the summation of the final value of all the final goods and…

Q: Evaluate the effect of the following transaction on GDP from the points of the view of the…

A: National income estimates are used in basic economic analysis to measure issues such as economic…

Q: An economy produces only 1,000,000 computers valued at $2,000 each. Of these, 200,000 are sold to…

A: Investment refers to the amount of financial expenditure planned on investment commodities like…

Q: What components of GDP (if any) would each of the following transactions affect? Explain. (a) Aunt…

A: We are going to answer these questions keeping Gross Domestic Product's definition as a primary…

Q: Which of the following transactions should or should not be counted in GDP? Answer Yes or No and…

A: We shall answer the first three subparts only. Please resubmit the other parts separately in case…

Q: Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in Illinois on…

A: 1. Included It is included since it is manufactured and consumed in the country itself and in the…

Q: Arthur sells $100 worth of cotton to Bob. Bob turns the cotton into cloth, which he sells to Camille…

A: GDP stands for Gross Domestic Product, which is a measure of the total value of goods and services…

Q: Which of the following would increase the consumption component of U.S. GDP? Select one: OA. A Baton…

A: GDP refers to the gross domestic product that refers to the monetary value of all final goods and…

Q: Question 22 Table 2.1 GDP and its components, 2012 Source: Bureau of Economic Analysis. Table 1.1.5.…

A: Answer to the question is as follows:

Q: Which of the following transactions would be included in the official calculation of GDP under the…

A: It can be defined as a method of calculating the GDP of any country. It is this method of measuring…

Q: What components of GDP (if any) would each of the following transactions affect? Explain.   Uncle…

A: Hey,thank you for your question, since you have posted multiple sub parts we will answer the first…

Q: Although GDP is a reasonably good measure of a nation's economic well-being, it does not necessarily…

A: Transactions that are not reported are not counted in the GDP calculation. Furthermore, some…

Q: A mining company acquires new government licenses to drill in land the company already owns.    Is…

A: Yes. If a mining company acquires new government licenses to drill in land the company already owns.…

Q: Last year, a small nation with abundant forests cut down $200 worth of trees. It then turned $100…

A: Final value of book shelves = $250 Value of unused lumber in inventory = $(150-100)= $50 Value of…

Q: Which of the following is not included in 2016's GDP? the commission earned by a headhunter when she…

A: Answer: Correct option: D (the value of a motor that is used in the production of a lawn mower)…

Q: The components of GDP in the accompanying table were produced by the Bureau of Economic Analysis.…

A: Gross domestic product (GDP) is a standard measure of the value-added generated by a country's…

Q: For the purpose of calculating GDP, investment is spending on a)capital equipment, inventories, and…

A: Gross Domestic Product (GDP) is a key macroeconomic indicator that measures the total value of all…

Q: Suppose the information in the following table is for a simple economy that produces only four goods…

A: GDP is the gross domestic product.  GDP is the market value of all final goods and services produced…

Q: Suppose that a simple economy produces only three goods and services: sweatshirts, dental…

A: The GDP is the summation of the money value of all the final goods and services produced within the…