Homework Answers
Option 4
Explanation: GDP includes the market value of all final goods and services produced in an economy in a given year. The car was produced in the USA and therefore it would be included in the GDP of the country.
Add Answer to:
A new car produced in the United States, but sold to a consumer in Spain will...
3 please Question 3 If the price of Italian shoes imported into the United States increases,...
3
please
Question 3 If the price of Italian shoes imported into the United States increases, then a. the GDP deflator will increase, but the consumer price index (CPI) will not increase. b. both the GDP deflator and the consumer price index (CPI) will increase. c. the consumer price index (CPI) will increase, but the GDP deflator will not increase d. neither the GDP deflator nor the consumer price index (CPT) will increase
Suppose the cost of a car produced in the United States is $20,000. The current exchange...
Suppose the cost of a car produced in the United States is $20,000. The current exchange rate is US$1 = €0.85. Instructions: Round your answers to 2 decimal places. a. What is the cost of the car in euros? T b. Suppose the exchange rate changes to US$1 = €0.75. What is the new euro cost of the car? e c. At the new exchange rate, the quantity of U.S. cars demanded by those holding euros will likely (Click to...
1). If the price of Australian-made shoes imported into the United States increase, then, at a...
1). If the price of Australian-made shoes imported into the United States increase, then, at a result, Answer: the GDP deflator increases but the consumer price index does not increase. 2). Suppose that U.S. mining companies purchase German-made ore trucks at a reduced price. By itself, what effect will this purchase have on the GDP deflator and in the CPI? Answer: the CPI and the GDP deflator will be unaffected. I juxtapose these two questions together because I don’t understand...
A car can be produced by 20 workers in the United States, and by 10 workers in Germany. 1,000 chickens can be produced by 25 workers in the United States, and by 20 workers in Germany. a) Using charts...
A car can be produced by 20 workers in the United States, and by 10 workers in Germany. 1,000 chickens can be produced by 25 workers in the United States, and by 20 workers in Germany. a) Using charts, show how a shift of workers toward one of the two industries in the United States, coupled with a shift of workers toward the other in Germany, could result in increased total production of both goods in the two countries. (d)...
A Japanese citizen buys an automobile produced in the United States by a German company. As...
A Japanese citizen buys an automobile produced in the United States by a German company. As a result Not yet answered Select one: O a. U.S. net exports and GDP increase, German GNP increases, Japanese net-exports decrease, Points out of out of 1.00 and Japanese GNP and GDP are unaffected b. U.S. net exports and GDP are unaffected, German GNP increases, and Japanese net exports, GNP and GDP decrease. o c. U.S net e ts and GDP increase, German GNP...
Which of the following leads to an increase in GDP for the United States in 2011?...
Which of the following leads to an increase in GDP for the United States in 2011? 1. $10,000 worth of Washington apples are sold to a grocery firm in Mexico in October 2011 II. A customer pays $50 for a haircut in a Tempe salon in June 2011. III. A GM car is produced in Detroit in July 2011 and sold to a dealer. The car sits on the lot until 2012. IV. A plumber is paid $500 for services...
Suppose the price of thes e respond by bumer e The consumer price reflects this price...
Suppose the price of thes e respond by bumer e The consumer price reflects this price increase accurately understates the price increase due to the so-called income bus overstates the price increase due to the so-called incomebas overstates the price increase due to the so-called substitution bias QUESTION 15 Laura bought word processing software in 2005 for 550. Laura's twin brother, Laurence, buys an upgrade of the same software in 2006 for $50. What problem in the construction of the...
In the United States, a buyer of a new electric car is eligible for a one-time...
In the United States, a buyer of a new electric car is eligible for a one-time federal income tax credit of up to $4,000. Show the effect of this tax credit graphically, assuming the $4,000 credit is a Pigouvian subsidy. Label the graph correctly and explain how this tax credit will affect each of the curves, equilibrium price, and quantity.
Suppose that with free trade, the cost to the United States of importing a keyboard from...
Suppose that with free trade, the cost to the United States of importing a keyboard from Mexico is $13.00, and the cost of importing a keyboard from China is $11.00. A keyboard produced in the United States costs $18.00. Suppose further that before NAFTA, the United States maintained a tariff of all keyboard Imports. Then, under NAFTA, all tariffs between Mexico and the United States are removed, while the tariff ina remains in effect. Assume that the tariff does not...
According to the Flow of Funds Accounts of the United States, the largest liability of U.S....
According to the Flow of Funds Accounts of the United States, the largest liability of U.S. households is Multiple Choice o mortgages o consumer credit o bank loans o gambling debts
3
please
Question 3 If the price of Italian shoes imported into the United States increases, then a. the GDP deflator will increase, but the consumer price index (CPI) will not increase. b. both the GDP deflator and the consumer price index (CPI) will increase. c. the consumer price index (CPI) will increase, but the GDP deflator will not increase d. neither the GDP deflator nor the consumer price index (CPT) will increase
Suppose the cost of a car produced in the United States is $20,000. The current exchange rate is US$1 = €0.85. Instructions: Round your answers to 2 decimal places. a. What is the cost of the car in euros? T b. Suppose the exchange rate changes to US$1 = €0.75. What is the new euro cost of the car? e c. At the new exchange rate, the quantity of U.S. cars demanded by those holding euros will likely (Click to...
A Japanese citizen buys an automobile produced in the United States by a German company. As a result Not yet answered Select one: O a. U.S. net exports and GDP increase, German GNP increases, Japanese net-exports decrease, Points out of out of 1.00 and Japanese GNP and GDP are unaffected b. U.S. net exports and GDP are unaffected, German GNP increases, and Japanese net exports, GNP and GDP decrease. o c. U.S net e ts and GDP increase, German GNP...
Which of the following leads to an increase in GDP for the United States in 2011? 1. $10,000 worth of Washington apples are sold to a grocery firm in Mexico in October 2011 II. A customer pays $50 for a haircut in a Tempe salon in June 2011. III. A GM car is produced in Detroit in July 2011 and sold to a dealer. The car sits on the lot until 2012. IV. A plumber is paid $500 for services...
Suppose the price of thes e respond by bumer e The consumer price reflects this price increase accurately understates the price increase due to the so-called income bus overstates the price increase due to the so-called incomebas overstates the price increase due to the so-called substitution bias QUESTION 15 Laura bought word processing software in 2005 for 550. Laura's twin brother, Laurence, buys an upgrade of the same software in 2006 for $50. What problem in the construction of the...
Suppose that with free trade, the cost to the United States of importing a keyboard from Mexico is $13.00, and the cost of importing a keyboard from China is $11.00. A keyboard produced in the United States costs $18.00. Suppose further that before NAFTA, the United States maintained a tariff of all keyboard Imports. Then, under NAFTA, all tariffs between Mexico and the United States are removed, while the tariff ina remains in effect. Assume that the tariff does not...
According to the Flow of Funds Accounts of the United States, the largest liability of U.S. households is Multiple Choice o mortgages o consumer credit o bank loans o gambling debts
Most questions answered within 3 hours.
-
A solution of sodium thiosulfate,
Na2S2O3, is 0.7707 M. 7.42 mL of
this solution reacts with...
asked 1 minute from now -
Consider the reaction that occurs when a solution of formic acid
is added to a solution...
asked 5 minutes ago -
How would you illustrate the central dogma of
molecular genetics as it applies to eukaryotes?
asked 14 minutes ago -
4. In a solicitation for the
production of survival rafts, the navy provided detailed design
specifications...
asked 4 minutes ago -
You have created a successful and expanding car was business ,
It is still organized as...
asked 13 minutes ago -
In the traditional Keynesian model, an increase in current
taxes
decreases both disposable income and consumption....
asked 14 minutes ago -
The body temperatures in degrees Fahrenheit of a sample of
adults in one small town are:...
asked 20 minutes ago -
You have just taken a job at a manufacturing company and have
discovered that they do...
asked 17 minutes ago -
The CEO of the company asks you to justify the 10-percent
increase in sales training expenditures...
asked 21 minutes ago -
8. How to share the business development plan with the
stakeholders in outline of business development...
asked 33 minutes ago -
Aqueous hydrobromic acid HBr reacts with solid sodium hydroxide
NaOH to produce aqueous sodium bromide NaBr...
asked 35 minutes ago -
Calculate the pH for the following solutions;
a) 1.32 x 10-8 M HCl
b) 3.25 x...
asked 53 minutes ago