When a U.S. company purchases and imports electronic parts from China to use to produce smartphones within the United States, this purchase increases the (consumption, government purchases, investment) component of GDP while also (increasing, decreasing) net exports by the same amount. Therefore, the purchase of electronic parts from China causes (an overall decrease, an overall increase, no overall change) in US GDP.Please help me with all the questions including multiple choice Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation.Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculatingGDP for the United States? Check all that apply.The variety of goods available to consumersThe costs of overfishing and other overly intensive uses of resourcesThe value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the governmentExpenditures on federal highwaysWhen a U.S. company purchases and imports electronic parts from China to use to produce smartphones within the United States, this purchaseincreases thecomponent of GDP while alsonet exports by the same amount. Therefore, thepurchase of electronic parts from China causesin US GDP.

The gross domestic product (GDP) of the United States refers to the market value of all final items…

Answered: Although GDP is a reasonably good…

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

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When a U.S. company purchases and imports electronic parts from China to use to produce smartphones within the United States, this purchase increases the (consumption, government purchases, investment) component of GDP while also (increasing, decreasing) net exports by the same amount. Therefore, the purchase of electronic parts from China causes (an overall decrease, an overall increase, no overall change) in US GDP.

Please help me with all the questions including multiple choice

Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation.
Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating
GDP for the United States? Check all that apply.
The variety of goods available to consumers
The costs of overfishing and other overly intensive uses of resources
The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government
Expenditures on federal highways
When a U.S. company purchases and imports electronic parts from China to use to produce smartphones within the United States, this purchase
increases the
component of GDP while also
net exports by the same amount. Therefore, the
purchase of electronic parts from China causes
in US GDP.

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