What is the nominal gdp and the value added of service sector?

Q: How do I find the gdp?

A: GDP is the monetary measure of the market value of all finished products and services in an economy…

Q: Which of the following would not be counted in the calculation of GDP? Select all that apply. A.…

A: A commonly used economic indicator that estimates the total valuation of all final products produced…

Q: Explain the two approaches that can be used to compute GDP. Why do these two approaches lead to the…

A: Introduction  Gross Domestic Product or GDP is referred to as the total monetary value of all the…

Q: Explain the calculation methods of Gross Domestic Product

A: GDP measures the value of all the final goods and services produced in the domestic territory of the…

Q: what is Value Added at Producer Price and Value Added at Purchaser Price.  How are they calculated

A: Value-added at producer price: The producer's prices are the prices which are received by the…

Q: A policeman’s salary would fall under which component of GDP?     A. consumer spending   B.…

A: GDP is the value of final goods and services produced in the economy within a given period of time.

Q: Category Billions of Dollars Consumption Depreciation Retained earnings $200 20 12 Gross investment…

A:

Q: Don't use Ai

A: Nominal GDP is the value of all final goods and services produced within the domestic boundary of a…

Q: Define the Gross national product (GNP). Please explain in two or more paragraph.

A: The gross national product (GNP) refers to an estimate of the total worth of all finished goods and…

Q: The GDP deflator of the country is 1.5 and it's nominal GDP is 800 million. Calculate the real gdp.

A: Given GDP deflator = 1.5 Nominal GDP = 800 million Real GDP = ?

Q: Gross domestic product measured in terms of the prices of a fixed, or base, year is O a nominal GDP…

A: GDP is the gross domestic product. GDP is defined as the market value of all the final goods and…

Q: Explain why does production measure of GDP give the same results as the income method of

A: The GDP refers to the production of goods and services during an accounting year. There three…

Q: Participants Cost of Materials Value of Sales Farmer $0 $100 Cone factory and ice cream-maker…

A: This table shows different participants , different cost of materials and different values of sales…

Q: What is national income (NI)?

A: National Income: It is defined as "the sum of total income earned by the different types of factors…

Q: What is Mexicos GDP?

A: The GDP or Gross Domestic Product of an economy refers to the aggregate value of all final goods and…

Q: What is the contribution to GDP?

A: In this case both the sold and unsold bicycle considered for gdp calculation. Unsold one are…

Q: The following is considered in GDP- Select one: a. Longer-term environmental damage b. None of these…

A: The GDP per capita represents the standard of living of the individuals in the economy and it is…

Q: Why do we need to compute both nominal and real GDP?

A: Nominal GDP refers to the total value of final goods and services produced in an economy during a…

Q: if some year nominal GDP was 20 billion and the gdp deflator was 80, what was the real GDP

A: GDP Deflator helps to measure change in prices of all goods produced domestically.

Q: P dose not value A Total income of everyone in the economy B Total expenditure on the economy output…

A: Gross Domestic Product GDP is the monetary value of goods and services that are produced within the…

Q: In 2003, the economy of Boonton’s nominal GDP was $1300 and its GDP deflator was 200. Calculate…

A: Nominal GDP includes both the growth and prices. Real GDP shows only the growth in the economy. Real…

Q: What is the formula for the NET DOMESTIC PRODUCT In the economic HELP

A: In an economy, domestic product refers to the total output generated or produced within the economic…

Q: Considering the Expenditure Approach of measuring GDP, what component are considered? Define and…

A: GDP ( Gross Domestic Product) is the value of all final goods and services produce in an economy…

Q: if the GDP deflator is 125 and the nominal GDP is 130 billion then what is the real GDP

A: Nominal GDP(NGDP) is the GDP at current prices(P). It does not account for changes in the price(P)…

Q: How are nominal and real GDP calculated?

A: Nominal GDP refer to the market value of all final goods and services produced in an economy during…

Q: Which of these is a part of private income? a. Incomes made by foreigners in the country b. Incomes…

A: Private income is defined as the total of factor incomes and transfer incomes which are received…

Q: Which of the following are included in GDP, and which are not? a. The cost of hospital stays b. The…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Is that real GDP is 280 and the price index is 110 calculate the nominal GDP?

A: Real Gross domestic product is known to be as the value which is actually given in a constant prices…

Q: Explain three different approaches to calculate the GDP. Which approach should be used in the…

A: Gross Domestic Product (GDP) is the value of total final commodities and services produced in a…

Q: What should be added to the net output to get the national income? a. Net factor income from abroad…

A: National Income is defined as the final value of all goods and services produced in an economy in a…

Q: Read Eye on Potential GDP in the eText or click on the icon a to open a copy. Then work the…

A: Point A is the equilibrium in the US labour market and B is the equilibrium in Korean labour…

Q: Which of these can be directly understood by looking at the GDP? a. Unemployment b. Prices c.…

A: GDP is the monetary value of all the final goods and services produced in an economy within the…

Q: What components of GDP does Ford selling a Mustang from its inventory affect?

A: Gross Domestic Product (GDP): The total amount of final values of goods and services that are…