In 2008, Lisa bought a used Cadillac from her local automobile dealer.  The Cadillac was originally produced in the year 2000 and sold for $50,000 to the first owner who bought the car in 2000. The used car dealer bought the car in 2008 for $5,000 from the original owner.  Then, the dealer washed and waxed the car right before selling it to Lisa.  Which of the following is counted towards GDP in 2008? Group of answer choices The amount the dealer paid the previous owner for the car. The value of the wash and wax right before selling the car. The original market price of the car. The total price paid by Lisa for the car.

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A: Option b: This option is correct because In the context of Gross Domestic Product (GDP), let's…

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A: Gross domestic product(GDP) estimates the monetary worth of goods and services, that is, those that…

Q: What would happen to measured GDP if more people started hiring workers to do house chores such as…

A: GDP is the gross domestic product which is calculated by taking into account the values of final…

Q: The consumer price index (CPI) is not used to convert nominal GDP to real GDP because

A: CPI is the most broadly watched and utilized proportion of the U.S. inflation rate. It is…

Q: Government spending 50 Profit 28 Social Security contributions 20 Indirect business taxes 10…

A: It is the money amount that households have available for consumption(C) or saving(S) after taxes(T)…

Q: Farmer Bill grows wheat and sells it to the miller for $50,000. The miller turns it into flour and…

A: A key economic indicator that measures the total monetary value of all goods and services produced…

Q: If intermediate consumption in Italy in 2016 was $600 million and the value of output was $780…

A: The data presented in the question is as follows:- Intermediate consumption for 2016 = $600 million…

Q: Which of the following would be counted as part of the GDP?     a) the value of your fixing your…

A: Gross Domestic Product(GDP) is defined as the market value of all the goods and services produced in…

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: Q12. An artist buys scrap metal from a local steel mill as a raw material for her sculptures. Last…

A: Gross Domestic Product, or GDP, is a measurement of a nation's economic output.It is described as…

Q: hich of the following would be included in the calculation of gross domestic product (GDP)? The…

A: The gross domestic product refers to the production of goods and services during an accounting year.…

Q: Which of the following would be directly counted in GDP in 2020? Group of answer choices Kitchen…

A: The correct option is  A) kitchen cabinets purchased from Home Depot in 2010 to be installed in a…

Q: Which of the following would be counted in U.S. GDP?                           (objective B3)…

A: GDP refers to the market value of all the goods and services produced in the country at a specific…

Q: Discuss various methods of calculating national income.

A: National income is the total monetary value of all goods and services generated within the…

Q: Gross Domestic Product  If nominal GDP in 2005 was $13095.4 billion and the GDP deflator (price…

A: Nominal GDP in 2005 = $13095.4 billion GDP deflator = 100  Nominal GDP includes both the growth and…

Q: Suppose a nation’s firms make heavy use of factors of production owned by residents of foreign…

A: GDP refers to the money value of all final goods and services that are produced within the country…

Q: Use the data below to calculate GDP for a given country.

A: With the given data we can calculate GDP by using expenditure method or outlay method.

Q: (a) Two years ago you bought a used car for $1,000 and spent $5,000 on parts for improving it.…

A: "Since you have asked multiple question,we will solve first question for you.If yo want specific…

Q: The nominal GDP for 2016 was $17,500 and the real GDP was $13,000   Calculate GDP deflator

A: The data presented in the question is:- For 2016,  Nominal GDP = $17,500 Real GDP = $13,000 We have…

Q: Although they are within legal limits, Company X's operations are causing toxins to build up in the…

A: GDP measures the market value of final goods and services produced within an economy during a given…

Q: The American Airline purchased an airplane from a Chinese company for $60M. What is the contribution…

A: Gross domestic product refers to the final value of all final goods and services produced in a…

Q: Which of the following is included in GDP? the fees charged for a stock broker's services. cash…

A: GDP includes all private and public consumption, government outlays, investments, additions to…

Q: Which of the following statements best describe how economists calculate GDP? Group of answer…

A: Gross domestic product is one of the methods of national income accounting.

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A: 4,7,8 and 9 would be included in GDP.

Q: Which of these scenarios would be included in GDP?     revenue from selling a four-year-old car…

A: GDP also known as gross domestic product is the sum value of all final goods and services produced…

Q: Survey of Economics: GDP Accounting Worksheet   Place the transactions below in their appropriate…

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

Q: Which one of the following is included in the GDP of Japan? Group of answer choices The value of the…

A: Gross domestic income refers to the value of goods and services produced domestically during an…

Q: Which of the following is a good or service counted in GDP?   Group of answer choices Tires Ford…

A: The entire value of the commodities and services that a country generates over the course of a year…

Factor Models

Many attributes might be related to an asset's risk, including market capitalization (size), dividend yield, growth, price-earnings ratio, etc. The use of these traditional descriptors, however, presents a few problems: