The below table lists the stages in the production of a personal computer. Find the value of the computer in GDP . Stage Value Added Company Manufacture $100 Assembly $250 Wholesaler $500 Retailer $1,850

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 5, Problem 1E

To determine

The below table lists the stages in the production of a personal computer. Find the value of the computer in GDP.

Stage Value Added
Company Manufacture $100
Assembly $250
Wholesaler $500
Retailer $1,850

Expert Solution & Answer

Answer to Problem 1E

The value of computer in the GDP is $1850.

Explanation of Solution

The real value of GDP at each stage is calculated as follows:

Stage	Value Added	Real Value Added
Components Manufacture	$100	$100
Assembly	$250	$250−$100=$150
Wholesaler	$500	$500−$250=$250
Retailer	$1850	$1850−$500=$1350
Total Value	$1850

Hence, the value of computer in the GDP is $1850

Economics Concept Introduction

Gross Domestic Product- Gross Domestic Product or GDP is referred to as the market value of all the services and final goods which has been produced in a period.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

Exercise 5Consider the demand and supply functions for the notebooks market.QD=10,000−100pQS=900pa. Make a table with the corresponding supply and demand schedule.b. Draw the corresponding graph.c. Is it possible to find the price and quantity of equilibrium with the graph method? d. Find the price and quantity of equilibrium by solving the system of equations.

1. Consider the market supply curve which passes through the intercept and from which the marketequilibrium data is known, this is, the price and quantity of equilibrium PE=50 and QE=2000.a. Considering those two points, find the equation of the supply. b. Draw a graph for this equation. 2. Considering the previous supply line, determine if the following demand function corresponds to themarket demand equilibrium stated above. QD=.3000-2p.

Supply and demand functions show different relationship between the price and quantities suppliedand demanded. Explain the reason for that relation and provide one reference with your answer.

Answer 2

Question

Chapter 5, Problem 1E

To determine

The below table lists the stages in the production of a personal computer. Find the value of the computer in GDP.

Stage Value Added
Company Manufacture $100
Assembly $250
Wholesaler $500
Retailer $1,850

Expert Solution & Answer

Answer to Problem 1E

The value of computer in the GDP is $1850.

Explanation of Solution

The real value of GDP at each stage is calculated as follows:

Stage	Value Added	Real Value Added
Components Manufacture	$100	$100
Assembly	$250	$250−$100=$150
Wholesaler	$500	$500−$250=$250
Retailer	$1850	$1850−$500=$1350
Total Value	$1850

Hence, the value of computer in the GDP is $1850

Economics Concept Introduction

Gross Domestic Product- Gross Domestic Product or GDP is referred to as the market value of all the services and final goods which has been produced in a period.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 5, Problem 1E

To determine

The below table lists the stages in the production of a personal computer. Find the value of the computer in GDP.

Stage Value Added
Company Manufacture $100
Assembly $250
Wholesaler $500
Retailer $1,850

Expert Solution & Answer

Answer to Problem 1E

The value of computer in the GDP is $1850.

Explanation of Solution

The real value of GDP at each stage is calculated as follows:

Stage	Value Added	Real Value Added
Components Manufacture	$100	$100
Assembly	$250	$250−$100=$150
Wholesaler	$500	$500−$250=$250
Retailer	$1850	$1850−$500=$1350
Total Value	$1850

Hence, the value of computer in the GDP is $1850

Economics Concept Introduction

Gross Domestic Product- Gross Domestic Product or GDP is referred to as the market value of all the services and final goods which has been produced in a period.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 5, Problem 1E

To determine

The below table lists the stages in the production of a personal computer. Find the value of the computer in GDP.

Stage Value Added
Company Manufacture $100
Assembly $250
Wholesaler $500
Retailer $1,850

Expert Solution & Answer

Answer to Problem 1E

The value of computer in the GDP is $1850.

Explanation of Solution

The real value of GDP at each stage is calculated as follows:

Stage	Value Added	Real Value Added
Components Manufacture	$100	$100
Assembly	$250	$250−$100=$150
Wholesaler	$500	$500−$250=$250
Retailer	$1850	$1850−$500=$1350
Total Value	$1850

Hence, the value of computer in the GDP is $1850

Economics Concept Introduction

Gross Domestic Product- Gross Domestic Product or GDP is referred to as the market value of all the services and final goods which has been produced in a period.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 5, Problem 1E

To determine

The below table lists the stages in the production of a personal computer. Find the value of the computer in GDP.

Stage Value Added
Company Manufacture $100
Assembly $250
Wholesaler $500
Retailer $1,850

Expert Solution & Answer

Answer to Problem 1E

The value of computer in the GDP is $1850.

Explanation of Solution

The real value of GDP at each stage is calculated as follows:

Stage	Value Added	Real Value Added
Components Manufacture	$100	$100
Assembly	$250	$250−$100=$150
Wholesaler	$500	$500−$250=$250
Retailer	$1850	$1850−$500=$1350
Total Value	$1850

Hence, the value of computer in the GDP is $1850

Economics Concept Introduction

Gross Domestic Product- Gross Domestic Product or GDP is referred to as the market value of all the services and final goods which has been produced in a period.

Answer 6

Chapter 5, Problem 1E

To determine

The below table lists the stages in the production of a personal computer. Find the value of the computer in GDP.

Stage Value Added
Company Manufacture $100
Assembly $250
Wholesaler $500
Retailer $1,850

Expert Solution & Answer

Answer to Problem 1E

The value of computer in the GDP is $1850.

Explanation of Solution

The real value of GDP at each stage is calculated as follows:

Stage	Value Added	Real Value Added
Components Manufacture	$100	$100
Assembly	$250	$250−$100=$150
Wholesaler	$500	$500−$250=$250
Retailer	$1850	$1850−$500=$1350
Total Value	$1850

Hence, the value of computer in the GDP is $1850

Economics Concept Introduction

Gross Domestic Product- Gross Domestic Product or GDP is referred to as the market value of all the services and final goods which has been produced in a period.

Answer 7

Chapter 5, Problem 1E

To determine

The below table lists the stages in the production of a personal computer. Find the value of the computer in GDP.

Stage Value Added
Company Manufacture $100
Assembly $250
Wholesaler $500
Retailer $1,850

Answer 8

Expert Solution & Answer

Answer to Problem 1E

The value of computer in the GDP is $1850.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

The real value of GDP at each stage is calculated as follows:

Stage	Value Added	Real Value Added
Components Manufacture	$100	$100
Assembly	$250	$250−$100=$150
Wholesaler	$500	$500−$250=$250
Retailer	$1850	$1850−$500=$1350
Total Value	$1850

Hence, the value of computer in the GDP is $1850

Answer 12

Economics Concept Introduction

Gross Domestic Product- Gross Domestic Product or GDP is referred to as the market value of all the services and final goods which has been produced in a period.

Answer 13

Ch. 5 - Prob. 1E Ch. 5 - Prob. 2E Ch. 5 - Prob. 3E Ch. 5 - Prob. 4E Ch. 5 - Prob. 5E Ch. 5 - Prob. 6E Ch. 5 - Prob. 7E Ch. 5 - Prob. 8E Ch. 5 - Prob. 9E Ch. 5 - Prob. 10E

Stage	Value Added
Company Manufacture	$100
Assembly	$250
Wholesaler	$500
Retailer	$1,850

The below table lists the stages in the production of a personal computer. Find the value of the computer in GDP . Stage Value Added Company Manufacture $100 Assembly $250 Wholesaler $500 Retailer $1,850

The below table lists the stages in the production of a personal computer. Find the value of the computer in GDP. StageValue AddedCompany Manufacture$100Assembly$250Wholesaler$500Retailer$1,850

Answer to Problem 1E

Explanation of Solution

Want to see more full solutions like this?

Chapter 5 Solutions

The below table lists the stages in the production of a personal computer. Find the value of the computer in GDP.

Stage Value Added
Company Manufacture $100
Assembly $250
Wholesaler $500
Retailer $1,850