here are the final goods and services produced that are included in​ Germany's GDP?   A. ​anywhere, as long as they are produced using German labor   B. within Germany   C. ​anywhere, as long as they are produced using German resources   D. outside of Germany   E. within Germany but only if they are produced using only German resources

Q: What are the factors, why volume of production of rice in Central Luzon (Philippines) decreased in…

A: Production:  Production is an activity that uses labor, capital, and goods and services as inputs to…

Q: Mexico is experiencing a collapse in business investment, rising unemployment, and falling consumer…

A: The above case can be explained with Aggregate demand

Q: a. What does the movement from A to B to C illustrate? b. What does the movement from A to E…

A: A production function is a mathematical function that describes the relationship between the amount…

Q: explain the reason why, the more developed a country is, the bigger business sector engaged in…

A: Concepts: 1)A developed country is an economy that enjoys a higher level of income and a better…

Q: An improvement in technology raises labor productivity. e.  The United States raises exports of new…

A: A macroeconomic model is the AD-AS, or aggregate demand-aggregate supply model. The aggregate…

Q: Determining the international economic/trade exposure of the Netherlands, to what extent is the…

A: The economic system of Netherland is mixed. It includes a variety of private freedom, having the…

Q: Public for countries. as a percent of GDP Total Annual Production, in the economy, within the…

A: GDP sands for gross domestic product which is the summation of the market value of all goods and…

Q: Year Real GDP 2009 2010 $8 billion $10 billion Population 1.0 million 1.2 million Instructions:…

A: Real GDP per capita in 2009 will be: Real GDP per capita in 2009=Real GDP of 2009Population in…

Q: How much are they spending for the products of the country.  a. consumption b. investment c. gross…

A: The used approach, otherwise called the spending approach, ascertains spending by the various…

Q: National savings is

A: In a closed economy, total output(Y) is sum of consumption(C), government expenditure (G) and…

Q: Consider the following data for country A: Population (millions) Real GDP ($ billions) Country A 11…

A: Gross Domestic Product (GDP), the total market value of the products a nation's economy generated…

Q: What is the primary sector of a economy. How it's contribute to the economy?

A: The economic sector that is concerned in obtaining and producing natural resources from the…

Q: n Lima one worker can produce either 32 bushels of corn of 8 pounds of tomatoes in one day.  In Puma…

A: The absolute advantage is the advantage that an economy has over the other economy in producing a…

Q: As nations become more prosperous, the contribution of agriculture to gross domestic product (GDP)…

A: Economics as a subject is used to understand how efficient allocation of resources can lead to…

Q: Consider Table 1 above. Which country has a greater standard of living?      A) Uruguay       B)…

A: The gross domestic product refers to the total amount of all the goods, and services produced in an…

Q: What are the factors that can influence a country’s standard of living?

A: Standard of living indicates the degree of wealth or availability of material goods and services to…

Q: Production boundary excludes:

A: The production boundary is the line that separates economic production from non-economic activity.…

Q: Why the six pieces information indicated below are important for many countries: Real GDP, Size of…

A: All this information is important for many countries as it shows the overall performance of the…

Q: QUESTION 5 5. You are given the following information about an economy: $millions GDP at Market…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: By How Much Will U.S. GDP Grow Next Year?

A: It was forecasted in the Federal open market Committee meeting which was held on 11th December,2019…

Q: What is meant by the term economic well. Explain in the context of US economy.

A: The overall amount of affluence and standard of life that people and households experience inside a…

Q: Using Market Exchange Rates rather than PPP Exchange rates... a. underestimates GDP for developing…

A: Market Exchange Rates:Market exchange rates refer to the rates at which one country's currency can…

Q: The overall cost of living is a lot less in China than it is in the USA or Europe. Why might this…

A: In the United States for instance, you can make a considerable amount of cash, however a great deal…

Q: EXCEPT:   A. Interactions with other nations.   B. Improved product quality.   C.More product…

A: Globalisation is the process of interaction and integration among the people , the government and…

Q: Country A produces GDP according to the following equation: GDP = 5√K. The country has a savings…

A: The measure that depicts the final value of goods and services produced in an economy during a…

Q: Which of the following is not likely to cause a decrease in labor productivity? a decline in student…

A: Labor productivity measures the output per unit of labor.  i.e., Labor productivity = (Output /…

Q: 100% 80% 60% 40% 20% 0% -20% -40% Brazil National Accounts. GDP components Germany USA Household…

A: National income analysis is an essential indicator of an economy's health since it reflects the ebbs…

Q: how does an increase in population effect a countries GNI?

A: GDP stands for the finished products and services generated in an economy during a specific time…

Q: how do gains in worker productivity lead to gains in per capita GDP a- As workers produce more,…

A: GDP refers to the sum total of all goods and services produced within an economy during a specific…

Q: How do we measure labor productivity? How do changes in labor productivity affect the US standard of…

A: Labor productivity: the hourly productive output for a country's economy during a period of time is…

Q: To convert Gross Domestic Product to Net Domestic Product, which of the following is correct?…

A: Gross Domestic Product (GDP) and Net Domestic Product (NDP) are critical economic indicators used to…

Q: A nation's balance of payments can be affected by A. the country's population increases relative to…

A: Balance of Payment refers to the difference between all money flowing into the nation in a…

Q: Refer to 4 in Italy and1 in the United States 4 in Italy and 1 in the United States a. b. 4 in Italy…

A: Opportunity cost:- In macroeconomics opportunity cost is the loss or the gain that could have been…

Q: nsfer payments dle a. excluded when calculating GDP because they Ob. excluded when calculating GDP…

A: Transfer payment are installments by the public authority to people, like Social Security. Transfers…

Q: The value of production in an economy is $19,412 billion.  This is equivalent to $_______ million.…

A: Solution - Value of  production in an economy = $19,412 Billion We have to convert it to millions We…

Q: Are you interested in the economy? How important is the economic situation in your daily life? Do…

A: Economics is the study of money in different fields, including production, consumption, and other…

Q: India has a GDP equivalent to of 2,000 billion rupees. The exchange rate is 20 rupees per U.S.…

A: The average economic production per person in a nation is measured by per capita GDP. It is…

Q: The social well-being of a country Is best measured by per capita GDP. Always increases when real…

A: The social well-being of a country can not be fully captured or assessed solely with the aid of…

Q: a. Identify a country that could be considered as having the most closed economy. b. Discuss THREE…

A: * ANSWER :-  *(a)