A firm's value added is   a. the revenue it receives for its output, minus the cost of all the intermediate goods it buys   b. the revenue it receives by selling its output   c. the revenue it receives for its output, minus the taxes that it pays   d. the revenue it receives for its output, plus the cost of all the intermediate goods it buys   e. usually not included in GDP

Q: Depreciation 5 Do you think GDP shows everything about the well-being of a count

A: Gross domestic product is the market value of all of the services and the finished goods which are…

Q: 4. A measure of the degree to which capital wears out or becomes obsolete during a period is:…

A: Depreciation is a measure of the wear and tear or obsolescence of capital assets over time. It…

Q: A policeman’s salary would fall under which component of GDP?     A. consumer spending   B.…

A: GDP is the value of final goods and services produced in the economy within a given period of time.

Q: Australian GNP and GDP. Australia contains many natural resources and foreign firms often come into…

A: Economics is a social science that studies the production, distribution, and consumption of goods…

Q: What is the term for the total value of goods and services produced within a country's borders in a…

A: In financial matters, the estimation of a country's monetary results and execution are basic for…

Q: penditure items 100 ublic expenditure ivate expenditure epreciation PI 150 105

A: Expenditure items Million($) public expenditure 100 private expenditure 150 depreciation 5…

Q: Participants Cost of Materials Value of Sales Farmer $0 $100 Cone factory and ice cream-maker…

A: This table shows different participants , different cost of materials and different values of sales…

Q: Value of the final goods and services produced in a given year corrected for inflation in order to…

A: Base year prices are P0 and current year prices are P1.  The volume of total final goods and…

Q: Which of these will be a part of the gross domestic product? a. Income from this year’s final output…

A: The gross domestic product is the addition of the goods and services produced in the country is…

Q: ITEMS S MILLIONS Personal Consumption Expenditure 640.00 Gross private Domestic Investment 180.00…

A: (A) Gross Domestic Product (GDP)    The Gross Domestic Product (GDP) is a metric that measures the…

Q: ) National Income   b) Net investment    c) Personal Income

A:

Q: Identify the statement that describes the Gross Domestic Product of a country. a. All goods and…

A: Gross Domestic Product GDP by its name suggests that the output that is domestically produced within…

Q: Transfer payments are not included in GDP calculation because these are OA. no different from income…

A: A transfer payment is a payment made by the government or another entity to an individual or…

Q: Production Import Export Consumption Price Good A 68 68 57 Good B 68 68 40 Good C 86 86 87 Good D 74…

A: Total consumption expenditure = Consumption of Good A + Consumption of Good B + Consumption of Good…

Q: The four parts of Gross Domestic Product (GDP) are:

A: Gross domestic product refers to monetary value of all goods and services produced within the…

Q: These are Macroeconomic questions a. Farmers in Country A grow $150 worth peanuts which are sold to…

A: To calculate the GDP of Country A and B, we can use the value of final goods approach and the…

Q: Using 2020 as the base year, compute nominal GDP, real GDP, and the GDP deflator for each year.…

A: Nominal GDP is the total value of all goods and services produced in a given time period. It is…

Q: 2. Which of the following is NOT included in the calculation of GDP? a) Investment spending b)…

A: Gross domestic product is the final combination of goods and services in a country's border. GDP is…

Q: $Millions GDP at market prices  1,669.4 Imports  290.5 Gross domestic Capital Formation 48.7 Income…

A: Given: GDP at market prices  1,669.4 Imports  290.5 Gross Domestic Capital Formation 48.7

Q: a What are the total payments (income) to factors of Better-bald b What are the total payments…

A: Answer: The factor of production: Factor of production refers to the inputs used to produce goods or…

Q: GDP at factor cost 2. GNP at factor cost 3. NNP

A:

Q: 5. Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All…

A: GROSS DOMESTIC PRODUCT:- It is the total goods and services produces in a country within a year.…

Q: The total production made by the major industries of a country comprises the country’s _______. a.…

A: Production includes all the goods and services that are produced by the country.

Q: Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All…

A: Gross domestic product (GDP) by expenditure approach adds up the desired spending by the below four…

Q: 1. Farmer Brown produces $100 worth of milk. He sells $40 worth of the milk in the market and uses…

A: The term "gross domestic product" (GDP) basically refers to a monetary metric that is used to…

Q: I. Imports are flows of payments to domestic households from foreign firms in exchange for goods and…

A: The Export is the flow of goods and services to other countries and import refers to flow of goods…

Q: Gross domestic product is a measure of _______. the nonmarket production of goods and services. the…

A: Expenditure approach: GDP=consumption+investment+government expenditure+net exports

Q: Which of the following is added to the GDP?     A. Exports   B. Imports   C. Net Exports   D.…

A: GDP is the gross domestic product.  It includes consumption , investment , government spending and…

Q: Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All…

A: GDP is the value of final goods and services produced in the domestic territory in a given year.…

Q: The largest component of GDP is a. private consumption expenditures b. private…

A: People consumption is more than any other component of GDP.

Q: The country's spending on consum and services was $60 Businesses invested $15 and built u…

A: GDP (gross domestic product) is the sum total of all finished services and goods produced in an…

Q: The following table shows some data for an economy that produces only two goods: milk and honey.…

A: The objective of the question is to calculate the percentage change in nominal GDP, real GDP, and…

Q: 1-While calculating GDP, goods and services that are produced and sold illegally and items that are…

A: Since you have posted multiple questions, we are answering the first one for you. If you want a…