Q: Calculate GDP using the information in the table below: $Billions Government purchases of goods 1200…
A: GDP: Sum of all the final value of goods and services produced in a given year.
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Q: Time left 1:52:43 Item € (billion) Government purchases of goods and services 250 Compensation of…
A: GDP = Consumption + Government expenditure + Gross investment + Net exports = 1425 + 250 + 325 +…
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A: GDP measures the market value of goods and services produced in the economy within a given period of…
Q: mod/quiz/attempt.php?attempt%3D23653&cmid3D16138page3D13 e 2021 Calculate GDP using the information…
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A: GDP is the value of all final goods and services produced within the domestic territory of a country…
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A: Gross Domestic Product (GDP) is a macroeconomic measure that represents the total value of all final…
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A: Here, option E is correct. Becuase potential GDP is defined as the maximum output which can be…
Q: Which of the following correctly describes GDP? I. GDP is a flow variable. I. GDP is the value of…
A: GDP is the value of goods and services produced in the country within a given period of time.
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A: Gross domestic product measures the value of final goods and services produced in an economy during…
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A: Nominal GDP is the value of goods and services produced. Real GDP is the value of goods and services…
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A: Expenditure approach is one of the way to estimate the gdp in the economy. It takes into account the…
Q: Bilions Government purchases of goods 800 Services 500 Imports 200 Change in business inventories 40…
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A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
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A: The aggregate expenditure refers to the total expenditure in an economy. When the economy is in…
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A: Answer to the question is as follows:
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A: NDP = GDP – consumption of fixed capital = 365 – 27 = 338
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A: Ans. The Gross Domestic Product (GDP) is the value of final goods and services produces within an…
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A: Gross Domestic Product (GDP) is defined as the monetary value of all final goods and services…
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A: exports are the goods and services that are sold to other countries and imports are the goods and…
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A: Answer is given below
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A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
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A: The answer is - Option 2: GDP fails to account for the quality of the environment.
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A: Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and…
Q: What is the expenditure approach to measuring GDP? The expenditure approach to measuring GDP sums…
A: An expenditure approach is an approach that sums all the spending activities of the economy. These…
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A: GDP or Gross Domestic Product is the sum total of all goods and services that are produced in an…
Q: Calculate GDP using the information in the table below: SBillions Government purchases of goods 1200…
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A: Gross domestic product is the final value of goods and services produced in the domestic territory…
Q: QUESTION 16 Which items are added together to get Gross Domestic Product? OA. Consumption,…
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- In the first half of 2017, automobile sales in the United States were lower than they were in the first half of 2016. The decrease in auto sales impacts GDP because new automobiles are counted as when purchased by households and when purchased by businesses. O investment; consumption O nondurable goods; durable goods O durable goods: nondurable goods O consumption; investmentCalculate GDP using the information in the table below: SBillion Durable goods 500 Nonresidential investment 300 Government purchase of goods 400 Exports 300 Government purchases of services 150 Residential investment 100 Services 700 Imports 200 Change in business inventories -50 Nondurable goods 700 Select one: O a. 2900 O b. 2500 Oc 1950 O d. 2750Q7
- i need help with this macro econmics question 2GDP excludes O the production of nondurable goods. O the market value of unpaid work in the home. O the production of services. O positive changes in inventories.Given the following data: Gross Investment Expenditure.. .$200 Government Transfer Payments...150 Business Transfer Payments... Capital Consumption. Consumer Exports... 50 100 iture Corporate Profit Before Tax.... 600 500 Receipts of Factor Income Payments ot Factor Income to from the Rest of the World 1,000 the Rest of the Horld.... 500 Calculate: (h) consumption
- Classify each of the following items as a final good or an intermediate good, and identify whether it is a component of consumption expenditure, investment, or government expenditure on goods and services: Item 1. Packing boxes bought by Amazon.com. Item 2. Starbuck's grande mocha frappuccino bought by a student. Item 3. A new limousine for the president. Item 4. New airplanes bought by United Airlines. Item 1 is and item 2 is O A. an intermediate good; a final good that is consumption expenditure B. a final good that is consumption expenditure; a final good that is consumption expenditure C. a final good that is consumption expenditure; a final good that is investment D. an intermediate good; a final good that is investment Item 3 is and item 4 is O A. an intermediate good; an intermediate good O B. a final good that is government expenditure; a final good that is investment O C. an intermediate good; a final good that is investment D. a final good that is government expenditure; an…Calculate GDP using the information in the table below: SBillions Durable goods 250 Nonresident investment 750 Government purchase of goods 1000 Exports 150 Government purchase of services 350 Residential investment 150 Services 600 Imports 250 Change in business inventories 40 Nondurable goods 650 Select one: O a. 2340 O b. 3690 О с. 3340 O d. 3760Which would be included in the category of investment spending in the calculation of GDP? O The purchase of stock in MacDonald's. The purchase of a new machine by Ford. O The selling of IBM corporate bonds. O The buying of shares of Janus mutual funds.
- What is total expenditure in an economy? Total expenditure is equal to expenditure ______. A. on goods and services produced in the economy and goods imported. B. by households, firms, governments, and the rest of the world on goods and services produced in the economy. C. by firms and governments on goods and services produced in the economyWha t components of GDP (if any) would each of thefollowing tt"a:nsactions affc,: t? Explain.a. Uncle Henry buys a new refrigerator from adomestic manufactu=.b. Aunt Jane buys a new house from a local builder:c. The Jackson famil}' bU}'S an old Victorian housefrom the Walker fan1ily.d. You pay a hairdresser for a haircut.e. Ford sells a Mustang from its inventory to theMartinez family.f. Ford manufactures a Focus and sells il to Avis, thecar rental company.g. Cal.ilornia hires workers to repave Highway JOI.h. The federal government sends your grandmothera Social Securil y check.i. Your parents buy a bo ttle of French wine.j. Honda expands its factory in Ohio.Use the following table to answer this question The components of GDP in the accompanying table were produced by the Bureau of Economic Analysis. Consumer spending Durable goods Nondurable goods Services Investment spending Fixed investment spending Nonresidential Structures Equipment and software Residential Change in private inventories Net exports Exports Imports Government purchases of goods and services Federal Category National defense Nondefense State and local What is the value of l? O A. $9,710.2B. O B. $2,130.4B. O C. $2,674.8B. O D. $5,794.4B Components of GDP in 2020 (billions of dollars) $1,082.80 2,833.00 5,794.40 2,134.00 1,503.80 480.3 1,023.50 630.2 -3.6 1,662.40 2,370.20 979.3 662.2 317.1 1.695.50
