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- #19 Depreciation is all the following, except Multiple Choice the consumption of fixed capital. the accumulation of capital stock. the difference between gross investment and net investment. the difference between GDP and NDP.The graph shows the aggregate demand curve in a representative economy. Suppose that there is increased confidence about the economy. Using the line drawing tool, show the effect on the aggregate demand curve, and label your new curve. Carefully follow the instructions above, and only draw the required objects. ept Question 2.19Gross domestic product is a measure of _______.the nonmarket production of goods and services.the volume of goods and services, which involved in international tradethe goods and services produced strictly by corporations.the money value of all final goods and services produced in a year by the economy.the size of the largest industry in an economy.
- For a good or service to be counted in a given year's gross domestic product (GDP), what four criteria must be met? have a market value, be a final good or service, be produced within a given country, and be produced within a certain time frame have a market value, be a final good or service, be produced within a given country, and be produced independent of any set time frame have a market value, be an intermediate or final good or service, be produced within a given country, and be produced within a certain time frame have a market value, be a final good or service, be produced within a given country or in another country with whom they have established trade relations, and be produced within a certain time frameQUESTION 2 ‘GDP is the most commonly used measure of output, but it leaves some things out.’ Based on the above statement, describe any FIVE (5) limitation to measure gross domestic product.Real gross domestic product Select one: a. measures the value of final goods and services produced within the borders of a given country during a given time period using current prices. b. measures the value of final goods and services produced within the borders of a given country during a given time period corrected for changing prices. c. is a measure of the overall level of prices. d. can change from one year to the next even if there is no change in output.
- Given the following natinonal data all figure in billion. Gross domestic product.............6145 Payments to Tanzania who empoly resources......126 Payments to foreign owned resources employed in Tanzania...........177 Capital consumption allowance.......... 661 Indirect business taxes and subsidies.......579 Government transfer payment............... 884 Undistributed corporate profit and corporate income tax....................... ....561 Individual taxes and non tax payments..................655 Compute 1.Gross national product at market price 2.Net national product at market price 3.personal income 4.Disposable incomeFollowing are data relating to a nations operation last year. Capital consumption allowances : $150 million Undisturbed corporation profits : 40 million Personal consumption expenditures 450 million Personal savings : 50 million Corporate inventory valuation adjustment : -5 million Federal government deficit : -30 million Government purchases of goods and services : 10 million State and local governments surplus 1 million Net exports of goods and services :-2 million Gross private domestic investment :200 million. Required: Calculate the nation's (GDP).What term describes the total value of all goods and services produced within a country's borders over a specific time period? A. Gross Domestic Product (GDP) B. Net Export C. Consumer Price Index (CPI) D. Purchasing Power Parity (PPP)
- Net Foreign Factor Income Corporate Profits Gross Private Domestic Investment Proprietors' Income Dividends Consumption of Fixed Capital Social Security Contributions US Exports Government Purchases Personal Consumption Expenditures Transfer Payments Imports of the US Personal Taxes Corporate Income Taxes Taxes on Production and Imports Interest $8 47 73 $372 billion. $317 billion. 46 13 41 10 23 97 314 27 24 46 23 50 16 Undistributed Corporate Profits Statistical Discrepancy 66 Refer to the accompanying national income statistics (in billions of dollars). Personal income is Multiple Choice $483 billion. $376 billion. 11If net investment in 2012 is $350 billion and gross investment in 2012 is $500 billion, depreciation in 2012 is Group of answer choices $150 billion. $0.7 billion. $175 billion. $250 billion.The tables below show data for two island nations, Arturia and Ringberg. Arturia Year 1 2 Nominal GDP Population GDP $100 $240 Deflator 100 120 20 25 (a) Calculate each of the following for Year 2. Show your work. (i) Real GDP per capita for Arturia (ii) Real GDP per capita for Ringberg Ringberg (c) Calculate each of the following in Year 2. Show your work. (i) The inflation rate in Arturia (ii) The inflation rate in Ringberg Year 1 2 Nominal GDP Population GDP $200 $300 Deflator 100 150 25 25 (b) If Arturia and Ringberg have the same velocity of money in Year 2, which nation must have the higher money supply in Year 2? Explain. (d) Based on your answer to part (c), if the nominal interest rate is the same for both nations in Year 2, which nation experiences the higher real interest rate in Year 2? Explain. (e) Ringberg produces consumer goods and capital goods. While maintaining full employment, Ringberg decides to allocate more resources to the production of consumer goods. What will…