One key difference between national income and net domestic product is Select one: O a. net domestic product only includes the net additions to the economy's stock of capital while national income does no O b. net domestic product represents income that is available to individuals while national income does not. Oc net domestic product includes indirect business taxes and transfers while national income does not. O d. net domestic product does not include income earned by the factors of production while national income does.

One key difference between national income and net domestic product is Select one: O a. net domestic product only includes the net additions to the economy's stock of capital while national income does no O b. net domestic product represents income that is available to individuals while national income does not. Oc net domestic product includes indirect business taxes and transfers while national income does not. O d. net domestic product does not include income earned by the factors of production while national income does.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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OC 7.5%. O D. 6.67%. O E. -3%. QUESTION 20 Suppose that a simple economy produces only the goods and services shown in the table. Assume all of the strawberries are used in the production of strawberry jam. Using the information in the table, nominal GDP for this simple economy equals Product Quantity Price Strawberries 250 $1.00 Strawberry jam 30 4.00 Second hand cars 10 950.00 Tablets 85 210.00 Shirts 60 18.00 O A. $19,300. O B. $19,050. OC. $28,800. O D. $28,550, O E. 435 units. Click Save and Submit to save and submít. Click Save All Answers to save all ansuwers.
The expenditure approach measures GDP by adding together Select one: O A. wages, salaries and supplementary labour income, and other factor incomes. O B. the total expenditures of consumers, firms, net exporters, and by governments at all levels. O C. wages, salaries and supplementary labour income, other factor income, subsidies paid by the government, indirect taxes paid, and income of nonfarm unincorporated businesses. the total expenditures of consumers and firms. compensation of employees, rental income, corporate profits, net interest, proprietors' income, indirect taxes paid, and capital consumption expenditures, and by subtracting subsidies paid by the government. O D. O E.
If Ford produced $80 million worth of cars in 2020 in the United States but sold only $55 million worth of cars. US GDP in 2020 will include million worth of cars. O $55 O $80 $45 O $135
Choose which statement is most correct. Nominal GDP must always equal potential GDP. O a. O b. Real GDP can never exceed potential GDP. O C. Nominal GDP can never exceed potential GDP. O d. Real GDP must always equal potential GDP. O e. At times, real GDP can exceed potential GDP.
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quiz/attempt.php?attempt%3D321446&cmid%3D203021 200 0.01. Double counting can be avoided by Lütfen birini seçin: O A. including the value of intermediate goods in the current year. O B. not counting the value of intermediate goods in GDP OC including the value of intermediate goods in the GNP but not in the GDP. O D. including the value of intermediate goods in the production year but not in the selling year of those goods. O E. none of the answers SONRAKİ SAY
Which is not a Final Use Component of the Use Table: O a. Household final consumption expenditure O b. Government final consumption expenditure. O c. Depreciation O d. NPISHs final consumption expenditure. An identity of the Supply and Use Table is: Total Output > Total Input O b. Total Supply > Total Use O c. Total Supply < Total Use O d. Total Output = Total Input a.
Item € (thousand) Mixed income 165 Government spending 136 Compensation of 1,735 employees Personal taxes 37 Gross investment 128 Indirect taxes 300 Corporate profits 194 Exports of goods and 249 services Imports of goods and 289 services Subsidies 41 Using the data in the above table, gross domestic product equals O €2,592. O €2,090. O €2,094. O €2,353.
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