Homework Answers
(9) The good produced in 2000 and go unsold, then it is counted in the GDP in a year in which it is produced.
A good produced in 2000 and held in inventory until it is sold in 2001 wold be included in 2000 GDP.
Answer: Option (d).
(10) Gross domestic products is the total market value of all final goods and services produced within a country in a given time period.
Answer: Option (D)
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A good produced in 2000 and held in inventory until it is sold in 200 would...
if anyone could help with these it would mean the world! just study guide questions! please...
if anyone could help with these it would mean the world! just
study guide questions! please number answers in order pictures are
sent would help so much thank you!
Gross domestic product is defined as Select one: 0 a. the quantity of all final goods and services demanded with a country in a given period of time. O b. the quantity of all final goods and services supplied within a country in a given period of time. O c. the...
Gross domestic product is: the finished value of all marketable goods and services produced in a country over a year....
Gross domestic product is: the finished value of all marketable goods and services produced in a country over a year. o the market value of all intermediate goods and services produced in a year. the market value of all final goods and services produced by domestically owned factors of production in a year. o the market value of all final goods and services produced in a country over a year.
GDP would be a better measure of economic well-being if it included: Select one: a. the...
GDP would be a better measure of economic well-being if it included: Select one: a. the costs of education. b. the total value of intermediate goods. c. the market value of final goods. d. the value of leisure. The government purchases component of GDP includes: Select one: a. purchases of final goods and services. b. interest payments on government debt. c. transfer payments. d. payments made to social security recipients.
which of the following is not a question addressed by macroeconomists H e p in some...
which of the following is not a question addressed by
macroeconomists
H e p in some years and contract in Wes! 2. Gross domestic product measures a. income and expenditures. b. income but not expenditures. c. expenditures but not income. d. neither income nor expenditures. 3. Because every transaction has a buyer and a seller, a. GDP is more closely associated with an economy's income than it is with an economy's expenditure. b. every transaction contributes equally to an economy's...
Is the value of intermediate goods and services produced during the year included in Gross Domestic...
Is the value of intermediate goods and services produced during the year included in Gross Domestic Product (GDP)? For example, is aluminum used to produce a new mountain bike included in GDP? (Note that this question does not ask whether aluminum is directly counted in GDP but rather whether the production is included in GDP) O A. No. There is no value added in the production of aluminum. Therefore, production is not included in the value-added method of measuring GDP...
10) Gross domestic product is A) the market value of all the final goods and services...
10) Gross domestic product is A) the market value of all the final goods and services produced in a country during a given time period. B) the market value of all goods and services produced in a country during a given time period. C) the final value of all goods produced in a country in a given time period. D) the market value of all the intermediate goods and services produced in a country during a given time period. E)...
4) Gross Domestic Product (GDP) is defined as the market value of: A) all goods and...
4) Gross Domestic Product (GDP) is defined as the market value of: A) all goods and services sold during the year by domestic and foreign producers. B) all final consumer goods produced during the year by domestic and foreign suppliers. C) all intermediate goods produced during the year by domestic and foreign suppliers. D) all final goods and services produced within the boundaries of an economy during the year by domestic and foreign-supplied resources.
I 1) Gross Domestic Product (GDP) is A) the total wholesale value of all final goods...
I 1) Gross Domestic Product (GDP) is A) the total wholesale value of all final goods and services produced by factors of production owned by citizens of a nation B) the total market value of all services produced by factors of production located within a nation's borders. C) the total market value of all goods produced within a nation's borders D) the total market value of all final goods and services produced by factors of production located within a nation's...
Please explain and fill in. thank you:) 1. Activities included (and not included) in the calculation...
Please explain and
fill in. thank you:)
1. Activities included (and not included) in the calculation of GDP The gross domestic product (GDP) of the United States is defined as the market value of ▼ all final goods and services produced re United Statesin a given period of time market value of wholesale cost of Based on this definition, indicate which of the following transactions will s, directly increase) the GDP of the United States in 2017 cost of producing...
Over the last 25 years, according to the United States balance of payments there is no...
Over the last 25 years, according to the United States balance of payments there is no clear relationship between the current account balance and the capital and financial account balance. the current account and the capital and financial account balances tend to move in the same direction. the current account and the capital and financial account balances tend to move in opposite directions. the official settlements balance fluctuates greatly from year to year. Potential GDP is the the long-run sustainable...
if anyone could help with these it would mean the world! just
study guide questions! please number answers in order pictures are
sent would help so much thank you!
Gross domestic product is defined as Select one: 0 a. the quantity of all final goods and services demanded with a country in a given period of time. O b. the quantity of all final goods and services supplied within a country in a given period of time. O c. the...
Gross domestic product is: the finished value of all marketable goods and services produced in a country over a year. o the market value of all intermediate goods and services produced in a year. the market value of all final goods and services produced by domestically owned factors of production in a year. o the market value of all final goods and services produced in a country over a year.
which of the following is not a question addressed by
macroeconomists
H e p in some years and contract in Wes! 2. Gross domestic product measures a. income and expenditures. b. income but not expenditures. c. expenditures but not income. d. neither income nor expenditures. 3. Because every transaction has a buyer and a seller, a. GDP is more closely associated with an economy's income than it is with an economy's expenditure. b. every transaction contributes equally to an economy's...
Is the value of intermediate goods and services produced during the year included in Gross Domestic Product (GDP)? For example, is aluminum used to produce a new mountain bike included in GDP? (Note that this question does not ask whether aluminum is directly counted in GDP but rather whether the production is included in GDP) O A. No. There is no value added in the production of aluminum. Therefore, production is not included in the value-added method of measuring GDP...
10) Gross domestic product is A) the market value of all the final goods and services produced in a country during a given time period. B) the market value of all goods and services produced in a country during a given time period. C) the final value of all goods produced in a country in a given time period. D) the market value of all the intermediate goods and services produced in a country during a given time period. E)...
I 1) Gross Domestic Product (GDP) is A) the total wholesale value of all final goods and services produced by factors of production owned by citizens of a nation B) the total market value of all services produced by factors of production located within a nation's borders. C) the total market value of all goods produced within a nation's borders D) the total market value of all final goods and services produced by factors of production located within a nation's...
Please explain and
fill in. thank you:)
1. Activities included (and not included) in the calculation of GDP The gross domestic product (GDP) of the United States is defined as the market value of ▼ all final goods and services produced re United Statesin a given period of time market value of wholesale cost of Based on this definition, indicate which of the following transactions will s, directly increase) the GDP of the United States in 2017 cost of producing...
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