Homework Answers
The GDP can be defined the market value of all goods and services which are produced in the domestic territory of the country in the current financial years.
GDP by expenditure method=C+I+G+X-M
In the United States and most developed countries, the largest proportion of Gross Domestic Product is accounted for by consumption. It means the Share of consumption is largest in the GDP.
Hence option fourth is the correct answer.
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12 1130I uction13 over the questions carefully. There are 30 questions and each question has a...
Read over the questions carefully. There are 30 questions and each question has a value of...
Read over the questions carefully. There are 30 questions and each question has a value of 3 points. Question 9 The difference between U.S. Gross Domestic Product and Gross National Product is: Foreign currency is counted in GDP but not in GNP Foreign investments in EU countries are counted in GDP but not GNP Foreign trade is counted in GDP but not in GNP Foreign-owned factories located in the U.S. are counted in GDP but not GNP Previous
Read over the questions carefully. There are 30 questions and each question has a value of...
Read over the questions carefully. There are 30 questions and each question has a value of 3 poir Question 13 Net exports is a negative figure when: O a nation's imports of goods and services exceed its exports a nation's exports of goods and services exceed its imports the economy's stock of capital goods is declining depreciation exceeds gross private domestic investment < Previous
Read over the questions carefully. There are 30 questions and each question has a value of...
Read over the questions carefully. There are 30 questions and each question has a value of 3 points. D Question 5 In the definition of GDP "final goods and services" means: Those goods no longer used to produce another product or service are counted Goods destined for final consumption in foreign countries are not counted Intermediate goods are not counted Only products certified and tested are counted as part of GDP Previous
LIOIO d over the questions carefully. There are 30 questions and each question has a value...
LIOIO d over the questions carefully. There are 30 questions and each question has a value of 3 points. Question 17 In 2009 gross investment was $1.9 trillion and depreciation was $2.6 trillion. How much was net investment? -$4.5 trillion e $0.70 trillion e $4.5 trillion -$0.70 trillion Previous
Read over the questions carefully. There are 30 questions and each question has a value of...
Read over the questions carefully. There are 30 questions and each question has a value of 3 point Question 15 If depreciation exceeds gross investment, it can be concluded that: O gross investment is equal to net investment O net investment is negative nominal GDP is rising but real GDP is declining the economy is expanding Previous
12 II over the questions carefully. There are 30 questions and each question has a value...
12 II over the questions carefully. There are 30 questions and each question has a value of 3 points. Question 6 What if Sam buys $7 worth of yarn to knit a sweater for her cat. By how much does GDP increase? $0 > $4 * Previous
iz Instructions over the questions carefully. There are 30 questions and each question has a value...
iz Instructions over the questions carefully. There are 30 questions and each question has a value of 3 points. Question 26 The unemployment rate that occurs during full employment (known as the natural rate of unemployment) is: The unemployment rate experienced by the least-skilled workers in the economy. The unemployment rate experienced by the most-skilled workers in the economy. The unemployment rate below which inflation will become a problem. The unemployment rate experienced at the depth of a depression. Previous
u over the questions carefully. There are 30 questions and each question has a value of 3 points. Question 28 3 pts...
u over the questions carefully. There are 30 questions and each question has a value of 3 points. Question 28 3 pts Suppose there are 5 million unemployed workers seeking jobs. After a period of time, 1 million of them become discouraged over their job prospects and cease to look for work. As a result of this, the official unemployment rate would: remain unchanged decline increase in the short run but eventually decline increase Previous Next >
NEr the questions carefully. There are 30 questions and each question has a value of 3...
NEr the questions carefully. There are 30 questions and each question has a value of 3 points. Question 29 The cost of inflation falls upon which group the hardest? elderly Americans and other people living on fixed incomes debtors, people who borrow money wealthy Americans who invest in stocks and bonds, the value of which is sensitive to inflation middle-income Americans who pay most of the taxes and spend most of their income on goods and services Previous Not saved
Attempts: Keep the Highest 12 3. Calculating GDP from raw economic data The following table shows...
Attempts: Keep the Highest 12 3. Calculating GDP from raw economic data The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government consumption expenditures and gross investment for the United States in 2010, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. ♡ Fill in the missing cells in the following table to calculate GDP. Components Personal Consumption Expenditures (C) Gross Private Domestic Investment (I) Exports (X)...
Read over the questions carefully. There are 30 questions and each question has a value of 3 points. Question 9 The difference between U.S. Gross Domestic Product and Gross National Product is: Foreign currency is counted in GDP but not in GNP Foreign investments in EU countries are counted in GDP but not GNP Foreign trade is counted in GDP but not in GNP Foreign-owned factories located in the U.S. are counted in GDP but not GNP Previous
Read over the questions carefully. There are 30 questions and each question has a value of 3 poir Question 13 Net exports is a negative figure when: O a nation's imports of goods and services exceed its exports a nation's exports of goods and services exceed its imports the economy's stock of capital goods is declining depreciation exceeds gross private domestic investment < Previous
Read over the questions carefully. There are 30 questions and each question has a value of 3 points. D Question 5 In the definition of GDP "final goods and services" means: Those goods no longer used to produce another product or service are counted Goods destined for final consumption in foreign countries are not counted Intermediate goods are not counted Only products certified and tested are counted as part of GDP Previous
LIOIO d over the questions carefully. There are 30 questions and each question has a value of 3 points. Question 17 In 2009 gross investment was $1.9 trillion and depreciation was $2.6 trillion. How much was net investment? -$4.5 trillion e $0.70 trillion e $4.5 trillion -$0.70 trillion Previous
Read over the questions carefully. There are 30 questions and each question has a value of 3 point Question 15 If depreciation exceeds gross investment, it can be concluded that: O gross investment is equal to net investment O net investment is negative nominal GDP is rising but real GDP is declining the economy is expanding Previous
12 II over the questions carefully. There are 30 questions and each question has a value of 3 points. Question 6 What if Sam buys $7 worth of yarn to knit a sweater for her cat. By how much does GDP increase? $0 > $4 * Previous
iz Instructions over the questions carefully. There are 30 questions and each question has a value of 3 points. Question 26 The unemployment rate that occurs during full employment (known as the natural rate of unemployment) is: The unemployment rate experienced by the least-skilled workers in the economy. The unemployment rate experienced by the most-skilled workers in the economy. The unemployment rate below which inflation will become a problem. The unemployment rate experienced at the depth of a depression. Previous
u over the questions carefully. There are 30 questions and each question has a value of 3 points. Question 28 3 pts Suppose there are 5 million unemployed workers seeking jobs. After a period of time, 1 million of them become discouraged over their job prospects and cease to look for work. As a result of this, the official unemployment rate would: remain unchanged decline increase in the short run but eventually decline increase Previous Next >
NEr the questions carefully. There are 30 questions and each question has a value of 3 points. Question 29 The cost of inflation falls upon which group the hardest? elderly Americans and other people living on fixed incomes debtors, people who borrow money wealthy Americans who invest in stocks and bonds, the value of which is sensitive to inflation middle-income Americans who pay most of the taxes and spend most of their income on goods and services Previous Not saved
Attempts: Keep the Highest 12 3. Calculating GDP from raw economic data The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government consumption expenditures and gross investment for the United States in 2010, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. ♡ Fill in the missing cells in the following table to calculate GDP. Components Personal Consumption Expenditures (C) Gross Private Domestic Investment (I) Exports (X)...
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