Which of the following is a good or service counted in GDP?   Group of answer choices Tires Ford buys to put on a car. A new tire you buy for your personal car. All of the above A used tire you buy for your personal car.

Q: On which basis the GDP of the country is decided?

A: Gross domestic product (GDP): It is the value of all finished or final goods and services produced…

Q: What is natural GDP

A: GDP(gross domestic product): It is the sum of all the final goods and services that are produced in…

Q: The income in the Economy is $2000 million and the investment Expenditure is $1100 Calculate the…

A: According to the question, we are given that:- Income = Y = $2000 million Investment expenditure = I…

Q: What is the term for the total value of goods and services produced within a country's borders in a…

A: In financial matters, the estimation of a country's monetary results and execution are basic for…

Q: An economy produces only food and fun. The table shows the quantities produced and prices in 2018…

A: Value of 2019 production in 2018 prices = Quantity of food (2019) * Price of food(2018) + Quantity…

Q: Which is better for making comparisons over time, nominal GDP or real GDP, and why?

A: The measure that depicts the final values of production of services and goods within a certain time…

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: 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: What is gdp and how do I calculate it?

A: The Gross Domestic Product (GDP) is the measurement of the monetary value of all the final goods and…

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: I cash out my stock to cash.  How does this effect the gdp

A: In an economy, gross domestic product considers all the final goods and services that are generated…

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: Based on the information in the table, calculate GDP. Write the exact answer. Do not round.…

A: Gross Domestic Product: The total market value of all final goods and services produced within a…

Q: More than 4 million websites sell a combined $100 billion of pornography a year. Should these sales…

A: If the $100 billion of pornographic content is sold and purchased legally, and the transaction…

Q: The gross domestic product (GDP) is looking at the total production of goods and services that are…

A: Introduction The gross domestic product (GDP) is looking at the total production of goods and…

Q: Name some of the services, if any, you produced at home that do get counted in GDP. Are there any…

A: In an economy, GDP is used as an economic tool to measure the national income in terms of goods and…

Q: how to compute for change in gdp

A: In an economy, gross domestic product can be computed in different ways as they all provide same…