QUESTION 17A dairy buys $100,000 worth of milk and spend $10,000 on cartons and utilities. It sells the cartons of milk to a grocery store for $120,000 that then sells all of thecartons to consumers for $130,000. How much do these actions add to GDP?a.$110,000b.$220,000С.$130,000d.None of the above are correct.O aO dQUESTION 18Which of the following domestically produced items is not included in GDP?a.a deodorantb.a hairdryerC.a haircutd.All of the above are included in GDPO bit to save and submit. Click Save All Answers to save all answers.

Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced…

QUESTION 17 A dairy buys $100,000 worth of milk and spend $10,000 on cartons and utilities. It sells the cartons of milk to a grocery store for $120,000 that then sells all of the cartons to consumers for $130,000. How much do these actions add to GDP? a. $110,000 b. $220,000 C. $130,000 d. None of the above are correct. O a O d QUESTION 18 Which of the following domestically produced items is not included in GDP? a. a deodorant b. a hairdryer C. a haircut d. All of the above are included in GDP a O b d. AlL Answers to save all answers.

QUESTION 17 A dairy buys $100,000 worth of milk and spend $10,000 on cartons and utilities. It sells the cartons of milk to a grocery store for $120,000 that then sells all of the cartons to consumers for $130,000. How much do these actions add to GDP? a. $110,000 b. $220,000 C. $130,000 d. None of the above are correct. O a O d QUESTION 18 Which of the following domestically produced items is not included in GDP? a. a deodorant b. a hairdryer C. a haircut d. All of the above are included in GDP a O b d. AlL Answers to save all answers.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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12. If Consumption equal $45M, Government spending equals $8M, Investment equal $7M, Exports equal $13, and Imports equal $26M, what is the GDP amount? A. $99 Million B. $47 Million C. $31 Million D. $21 Million
Which 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.
18. If consumers in the U.S. buy $3.5 billion of clothes made by businesses in Bangladesh, how is this accounted for in the expenditure categories? a. this is spending on a consumer good so GDP rises b. the clothes are imports so they reduce GDP c. the clothes are both consumer goods and imports so GDP doesn't change d. the GDP could rise or fall, it depends on whether the clothes were taxed
Question 7 Which of the following would be counted in this year's GDP? O a O b O C Od Question & What is the difference between real GDP and nominal GDP? O a O b Column A 1. 2. C d Question 9 Match each phase of the business cycle to its correct definition. 3. The bonus check a worker receives this year the value of a loan taken out this year The value of a savings bond sold by the federal government to investors this year The value of a television produced last year but sold this year 4 Real GDP allows for depreciation; nominal GDP allows for no depreciation. Real GDP includes nonmarket activities; nominal GDP has no nonmarket activities. Real GDP is based on constant prices; nominal GDP is based on the current year's prices. Real GDP is accurate to hundreds of dollars; nominal GDP is accurate to thousands of dollars. period of economic decline marked by falling real GDP a period of economic growth as measured by a rise in real GDP the height of an economic expansion, when real GDP…
Only DEF not ABC please. Thankyou
H10.
In a small economy, consumption spending is $7,500, government purchases are $2,200, gross investment is $500, exports are $2,100, and imports are $3,000. What is gross domestic product? $9,300 O $15,300 O $11,100 O $12,300
Calculate 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. 1950 O b. 2500 O c. 2900 O d. 2750
Which of the following types of spending should be not included in Government Purchases, one of the four expenditure components used to measure U.S. Gross Domestic Product? Select one: O a. The federal government purchases an airplane for the U.S. Air Force. O b. The state of Louisiana pays unemployment insurance benefits to qualified unemployed persons. O c. The salaries paid to members of the U.S. Congress. Od. The state of Louisiana pays a construction company to build new roads.