Homework Answers
It can be mentioned that GDP is the value of final goods and services produced in a year where a brand new car is the final good so it can be included in the calculation of GDP but a used textbook is not the final good that is new and steel purchased is not made into final good and therefore these must not be added in calculation of GDP and therefore
(d) I and III is the answer to this question
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Question 4 (2 points) Which of the following should be EXCLUDED when calculating GDP? i) a...
Q1 Which of the following are included and which are excluded in calculating this year's GDP....
Q1 Which of the following are included and which are excluded in calculating this year's GDP. Explain in each instance. a. A monthly scholarship cheque received by an economics student b. The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. An increase in business inventories e. Tim Horton's purchases a corner grocery store f. Fearless Qweenie Kong, a stuntwoman, purchases a life insurance policy for a billion dollars ($) g....
1. 2. 3. 4. a. When referring to GDP, which of the following is included in...
1. 2. 3. 4.
a. When referring to GDP, which of the following is included in GDP? Money spent on services by households (haircuts, meals at restaurants, lawyer, etc.) New cars that are purchased this year, but produced last year. Social Security payments. Goods that were produced by U.S. citizens abroad. b. Which of the following transactions is not included in GDP? Sean purchases coffee produced in Guatemala. Thomas pays to have his taxes done by a national accounting company...
2 points 31. Which of the following items would be included in GDP in 2008?I. Payment...
2 points 31. Which of the following items would be included in GDP in 2008?I. Payment made to a mechanic who repaired your 2005 Toyota II. the fees charged by a lawyer for drawing your parents' will III. new care sales by a local car dealer IV. the value of new cars produced in 2008 but not sold in 2008 O A. All of the items are included O B. I, II, and III only O C. II and III...
Question 2 [4 points] Consider two countries with the same level of potential GDP, say $100...
Question 2 [4 points] Consider two countries with the same level of potential GDP, say $100 billion, today. Suppose potential GDP grows at an annual rate of 5.5 percent in Country One and 2.6 percent in Country Two. Based on this information: Note: The growth rates will compound to determine real GDP. Keep as much precision as possible during your calculations. Your final answer should be accurate to at least two decimal places. (a) What will the potential GDP be...
Question 26 (2 points) Saved Which of the following ions is aromatic? D:0 = I II...
Question 26 (2 points) Saved Which of the following ions is aromatic? D:0 = I II IV OA) OB) 11 OC) III OD) IV Question 27 (2 points) Saved Which of the following ions is aromatic? 20: A) Only II and III OB) Only III and IV OC) Only I and II OD) Only II and IV
To w ave liviuuais Question 4 Multiple Choice Worth 1 points) Which of the following are...
To w ave liviuuais Question 4 Multiple Choice Worth 1 points) Which of the following are likely to be economic costs of noise pollution? 1. Decreased housing values in polluted communities II. Undeveloped land used as buffers between polluted and non-polluted areas III. Increased health care spending resulting from increased cancer rates I only ll only lll only I and II only ll and Ill only
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED....
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED. For the real GDP, the data online is chain-weighted and uses 2012 as the base year. In the lecture hursday, I showed you the detailed method and calculated the new chain-weighted real GDP when 1990 is the base year. You are required to calculate a new sequence of chain- weighted real GDP given a new base-year. The base year you should use in your...
4 points Saved QUESTION 7 Consider the following structures I-IV. Which two species represent resonance structures?...
4 points Saved QUESTION 7 Consider the following structures I-IV. Which two species represent resonance structures? :0: N -H II III IV - I and II ll and IV I and IV I and in
Questions for 5 points each: CHOOSE 4 TO ANSWER 1. Inflation incese the price level and...
Questions for 5 points each: CHOOSE 4 TO ANSWER 1. Inflation incese the price level and dec s purchasing power of the dollar. Deflation wer of the dollar. Deflation des as the price level and blanks with increases" or "decreases.") The formula for the inflation rate is the purchasing power of the dollar. (Fill in the Why do we say that the level of prices does not matter? 2. Describe the Consumer Price Index. Describe a market basket. Write a...
Question 2 (a) (i) Explain how each of the following events affect the supply of loanable...
Question 2 (a) (i) Explain how each of the following events affect the supply of loanable funds curve: The economy is in a recession so people's disposable income is lower. (ii) The stock market is booming so the people's wealth is higher. (iii) Fewer college graduates are finding jobs so expected future income is lower. (iv) The real interest rate increases. (b) In the figure below, the initial supply of loanable funds curve is SLFO and the initial demand for...
Q1 Which of the following are included and which are excluded in calculating this year's GDP. Explain in each instance. a. A monthly scholarship cheque received by an economics student b. The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. An increase in business inventories e. Tim Horton's purchases a corner grocery store f. Fearless Qweenie Kong, a stuntwoman, purchases a life insurance policy for a billion dollars ($) g....
1. 2. 3. 4.
a. When referring to GDP, which of the following is included in GDP? Money spent on services by households (haircuts, meals at restaurants, lawyer, etc.) New cars that are purchased this year, but produced last year. Social Security payments. Goods that were produced by U.S. citizens abroad. b. Which of the following transactions is not included in GDP? Sean purchases coffee produced in Guatemala. Thomas pays to have his taxes done by a national accounting company...
2 points 31. Which of the following items would be included in GDP in 2008?I. Payment made to a mechanic who repaired your 2005 Toyota II. the fees charged by a lawyer for drawing your parents' will III. new care sales by a local car dealer IV. the value of new cars produced in 2008 but not sold in 2008 O A. All of the items are included O B. I, II, and III only O C. II and III...
Question 2 [4 points] Consider two countries with the same level of potential GDP, say $100 billion, today. Suppose potential GDP grows at an annual rate of 5.5 percent in Country One and 2.6 percent in Country Two. Based on this information: Note: The growth rates will compound to determine real GDP. Keep as much precision as possible during your calculations. Your final answer should be accurate to at least two decimal places. (a) What will the potential GDP be...
Question 26 (2 points) Saved Which of the following ions is aromatic? D:0 = I II IV OA) OB) 11 OC) III OD) IV Question 27 (2 points) Saved Which of the following ions is aromatic? 20: A) Only II and III OB) Only III and IV OC) Only I and II OD) Only II and IV
To w ave liviuuais Question 4 Multiple Choice Worth 1 points) Which of the following are likely to be economic costs of noise pollution? 1. Decreased housing values in polluted communities II. Undeveloped land used as buffers between polluted and non-polluted areas III. Increased health care spending resulting from increased cancer rates I only ll only lll only I and II only ll and Ill only
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED. For the real GDP, the data online is chain-weighted and uses 2012 as the base year. In the lecture hursday, I showed you the detailed method and calculated the new chain-weighted real GDP when 1990 is the base year. You are required to calculate a new sequence of chain- weighted real GDP given a new base-year. The base year you should use in your...
4 points Saved QUESTION 7 Consider the following structures I-IV. Which two species represent resonance structures? :0: N -H II III IV - I and II ll and IV I and IV I and in
Questions for 5 points each: CHOOSE 4 TO ANSWER 1. Inflation incese the price level and dec s purchasing power of the dollar. Deflation wer of the dollar. Deflation des as the price level and blanks with increases" or "decreases.") The formula for the inflation rate is the purchasing power of the dollar. (Fill in the Why do we say that the level of prices does not matter? 2. Describe the Consumer Price Index. Describe a market basket. Write a...
Question 2 (a) (i) Explain how each of the following events affect the supply of loanable funds curve: The economy is in a recession so people's disposable income is lower. (ii) The stock market is booming so the people's wealth is higher. (iii) Fewer college graduates are finding jobs so expected future income is lower. (iv) The real interest rate increases. (b) In the figure below, the initial supply of loanable funds curve is SLFO and the initial demand for...
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