Please explain this GDP problem? Why do you/don't you include the things you include? Answer is C ($575).
Homework Answers
We include all the consumptions, investments and net exports. But, we should not include the transfers.
GDP = 175 + 300 + 125 + (50-75) = 575
(Explanation why transfers are not included - transfers are done as subsidy or scholarship or similar schemes. Unlike payment, these are not in exchange of any good or service. Hence a transfer do not increase the real income or output in the economy. It merely transfers income from one hand to another)
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Please explain this GDP problem? Why do you/don't you include
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Help Seve &B 4 Calculate the four components of aggregate expenditure and GDP for the following economy using data from the table below Instructions: Enter your responses as whole numbers. If you are entering any in front of those numbers. numbers, be sure to include a 25 GDP 575 200 Construction of new homes and Print Imports $100 125 s1ee 5180 stocks Consurmption expenditures $ [ 60g Government Purchases $ Net Exports: $ 29 GDP: S Next >
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The components of GDP are: Select one: O a. Consumption, government spending, net exports, and investment. O b. Exports, imports, investment, and disposable income. O c. Consumption, exports, imports, and disposable income. O d. Consumption, inventory, government spending, and disposable income. Question 19 Not yet answered Points out of 1.00 P Flag question The crowding out effect refers to a decrease in: Select one: O a. Consumption or investment as a result of an increase in government...
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