Homework Answers
Since the consumption is the largest components of GDP.
Consumption is done on durable goods, non durable goods and services. But the largest components of consumption are services in most of the country.
Hence option first is the correct answer.
Option first: services.
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Question 9 0.1 pts Which component of Consumption is the largest? O Services Nondurable Goods Durable...
_________ are now the largest single component of the supply side of GDP, representing over half...
_________ are now the largest single component of the supply side of GDP, representing over half of GDP. Question 10 options: 1) Durable goods 2) Services 3) Nondurable goods 4) Structures
Alejandra is Calculating the nondurable goods value for 2017. She is calculating the value by using...
Alejandra is Calculating the nondurable goods value for 2017. She is calculating the value by using the quantity of each final nondurable goods produced in 2017, multiplied by the price at which the nondurable goods were sold in 2017. What type of calculation is Alejandra creating? The nondurable goods nominal values. The nondurable goods nominal and real values. The nondurable goods real values Gross Domestic Product (GDP) is designed to measure: a nation’s total imports of final goods and services...
Question 4 0.1 pts The following table describes the National Income and Product Accounts for 2016....
Question 4 0.1 pts The following table describes the National Income and Product Accounts for 2016. What is nominal GDP? Gross Private Domestic Investment Exports Imports Durable Goods Nondurable Goods Services Government Consumption & Investment Change in Private Inventories Residential Investment $3,057.2 $2,208.1 $2,712.9 $1,411.0 $2,710.4 $8,699.3 $3,267.8 $35.1 $705.9
Household purchases of durable goods $1293 Household purchases of nondurable goods $1717 Household purchases of services...
Household purchases of durable goods $1293 Household purchases of nondurable goods $1717 Household purchases of services $301 All new residential building $704 Purchases of capital equipment $310 Depreciation $374 Government expenditures on public works $553 Transfer payments $777 Foreign purchases of domestically produced goods $88 Domestic purchases of foreign goods $120 Refer to Table 23-2. What was country A's GDP in 2010? $6359 $7136 $5220 $8147
Commodities that typically last three years or more are called: A. nondurable goods. B. services. C....
Commodities that typically last three years or more are called: A. nondurable goods. B. services. C. durable goods. D. none of the above.
[5] The largest percentage of household spending is used to: A) pay taxes. B) purchase services. ...
[5] The largest percentage of household spending is used to: A) pay taxes. B) purchase services. C) purchase durable goods. D) purchase nondurable goods. [6] An example of a durable good is: A) a haircut. B) an automobile. C) a three-week trip to Italy. D) a box of Girl Scout cookies. [7] A general partner in a partnership: A) cannot by law receive a salary. B) is the founding member of the company. C) has unlimited liability for the business'...
[5] The largest percentage of household spending is used to: A) pay taxes. B) purchase services....
[5] The largest percentage of household spending is used to: A) pay taxes. B) purchase services. C) purchase durable goods. D) purchase nondurable goods. [6] An example of a durable good is: A) a haircut. B) an automobile. C) a three-week trip to Italy. D) a box of Girl Scout cookies. [7] A general partner in a partnership: A) cannot by law receive a salary. B) is the founding member of the company. C) has unlimited liability for the business'...
Which is the largest component of U.S. GDP? O a. government purchases b.imports c. consumption d....
Which is the largest component of U.S. GDP? O a. government purchases b.imports c. consumption d. investment е. exports QUESTION 7 Which of the following represents the largest share of U.S. GDP? a. the production of physical goods b. the production of manufactured goods c. services d. the production of capital goods e. agricultural production During a recession, fewer individuals fly across the country for vacations. As a result, many pilots and flight attendants lose their jobs. These individuals would...
find consumption and investment You are given the following information 462 526 987 1259 45 Durable...
find consumption and investment
You are given the following information 462 526 987 1259 45 Durable good consumption Residential investment Imports Government expenditure Receipts of factor income from abroad Personal income Nonresidential investment Nondurable goods Exports Services 7863 66 893 1056 7638 Depreciation 125 26 Change in inventories Payments of factor income abroad 59 Personal taxes 2538 Find
You are given the following information Durable good consumption 462 Residential investment 526 987 Imports Government...
You are given the following information Durable good consumption 462 Residential investment 526 987 Imports Government expenditure Receipts of factor income from abroad 1259 45 Personal income 7863 Nonresidential investment 66 Nondurable goods 893 1056 Exports Services 7638 Depreciation 125 Change in inventories 26 Payments of factor income abroad 59 Personal taxes 2538 Find
Question 4 0.1 pts The following table describes the National Income and Product Accounts for 2016. What is nominal GDP? Gross Private Domestic Investment Exports Imports Durable Goods Nondurable Goods Services Government Consumption & Investment Change in Private Inventories Residential Investment $3,057.2 $2,208.1 $2,712.9 $1,411.0 $2,710.4 $8,699.3 $3,267.8 $35.1 $705.9
Household purchases of durable goods $1293 Household purchases of nondurable goods $1717 Household purchases of services $301 All new residential building $704 Purchases of capital equipment $310 Depreciation $374 Government expenditures on public works $553 Transfer payments $777 Foreign purchases of domestically produced goods $88 Domestic purchases of foreign goods $120 Refer to Table 23-2. What was country A's GDP in 2010? $6359 $7136 $5220 $8147
Which is the largest component of U.S. GDP? O a. government purchases b.imports c. consumption d. investment е. exports QUESTION 7 Which of the following represents the largest share of U.S. GDP? a. the production of physical goods b. the production of manufactured goods c. services d. the production of capital goods e. agricultural production During a recession, fewer individuals fly across the country for vacations. As a result, many pilots and flight attendants lose their jobs. These individuals would...
find consumption and investment
You are given the following information 462 526 987 1259 45 Durable good consumption Residential investment Imports Government expenditure Receipts of factor income from abroad Personal income Nonresidential investment Nondurable goods Exports Services 7863 66 893 1056 7638 Depreciation 125 26 Change in inventories Payments of factor income abroad 59 Personal taxes 2538 Find
You are given the following information Durable good consumption 462 Residential investment 526 987 Imports Government expenditure Receipts of factor income from abroad 1259 45 Personal income 7863 Nonresidential investment 66 Nondurable goods 893 1056 Exports Services 7638 Depreciation 125 Change in inventories 26 Payments of factor income abroad 59 Personal taxes 2538 Find
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