Question

1. Which of the following are counted in the US GDP for 2019? a. wheat grown in the USA in 2019 that is exported b. the 2019
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer

1. The following things are counted in the US GDP for 2019;

a. Wheat grown in the USA in 2019 that is exported,

b. The 2019 output of steel in America,

d. The salary of a Chinese Professor who visited Miami in 2019 and taught here for 1 year.

___________________________________________________________________

2. The following choices in #1 are counted in the US GNP for 2019;

a. Wheat grown in the USA in 2019 that is exported,

b. The 2019 output of steel in America.

____________________________________________________________________

Add a comment
Know the answer?
Add Answer to:
1. Which of the following are counted in the US GDP for 2019? a. wheat grown...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 9. Which of the following would be counted in 2019's GDP? A) the value of a...

    9. Which of the following would be counted in 2019's GDP? A) the value of a stock you bought in 2019 B) the value of a TV that was produced in 2018 but not sold until 2019 C) the bonus check a real estate agent gets from his/her company in 2019 D) the value of a treasury note sold by the federal government

  • (49)Which of the following statements is true? GNP: (a)Measures the total output of final goods and...

    (49)Which of the following statements is true? GNP: (a)Measures the total output of final goods and services within a country’s economy in a year (b)Includes only goods and services produced by the citizens of a country (c)Includes intermediate inputs (d)All of the above (50)Which of the following statements is false? The monetary value of the output of $20 billion worth of cars by the Honda Corporation in India’s economy would be counted in: (a)Japan’s GNP (b)India’s GDP (c)America’s GNP (d)All...

  • ECON 250 30. Which of the following is NOT included in U.S. GDP? the estimated rental...

    ECON 250 30. Which of the following is NOT included in U.S. GDP? the estimated rental value of owner-occupied housing in the U.S.A. b.US. home grown garden for family consumption c. production of foreign citizens living in the United States d services such as those provided by American lawyers and America hair stylists working in the USA 31. One bag of flour is sold for $2.50 to a bakery, which uses the flour to bake bread. Five loafs of bread...

  • 1) Which of the following would increase the investment component of UAE GDP A student at...

    1) Which of the following would increase the investment component of UAE GDP A student at the American University of Sharjah purchases a ticket at Ferrari Wor Dhabi a. b. A professor at the American University of Sharjah purchases shares of Ferrari World Abu Dhabi stoclk c. Ferrari World Abu Dhabi purchases tires for their race cars from a firm in Dubai d. A French man purchases a ticket at Ferrari World Abu Dhabi

  • Following are percentage change of real GDP from the preceding quarter. Q1-2020: −1.26%, Q2-2020: −8.98%, Q3-2020: 7.48%, and Q4-2020: 0.99% (Hint: Q1-2020 figure means that the real GDP in the US grew at a rate of −1.26% over quarter 1 of 2020 compared t

    8. Following are percentage change of real GDP from the preceding quarter. Q1-2020: \(-1.26 \%\) Q2-2020: \(-8.98 \%\), Q3-2020: \(7.48 \%\), and Q4-2020: \(0.99 \%\) (Hint: Q1-2020 figure means that the real GDP in the US grew at a rate of \(-1.26 \%\) over quarter 1 of 2020 compared to the level of real GDP in quarter 4 of \(2019 .\) ) Given this information, which of the following statements is false?a) US GDP in 2020 was higher than its...

  • Due Monday, January 21, 2019 1. Nominal and real GDP nying table shows data on nominal...

    Due Monday, January 21, 2019 1. Nominal and real GDP nying table shows data on nominal GDP (in billions of dollars), real GDP (in bilions of 2007 dollars), and population (in thousands) of Canada in 1966, 1976, 1986, 1996, 2006, and 2016. The Canadian price level rose consistently over the period 1966-2016. Nominal GDP bitlions ofbitions of Population ollans2007 dollar) Chous $64.8 200.0 524.5 8570 $431.9 658.0 19 998 23 414 26 067 29 570 32 520 36 229 1976...

  • Problem set #1 October 2018 (1) rences Mailings Review View Help Tell me what you want...

    Problem set #1 October 2018 (1) rences Mailings Review View Help Tell me what you want to do 2) In the following situations, explain what is counted in this year's GDP A. You bought a new Wi at GameStop last year and resold it on eBay this year B. You spend your Saturday cutting grass at your house C. You purchase an Investing for Dummies book at Barnes and Noble D. You purchase a historic home using the services of...

  • 1. Which of the following components of GDP includes your tuition payments? A) investment B) consumption...

    1. Which of the following components of GDP includes your tuition payments? A) investment B) consumption of nondurable goods C) consumption of services D) consumption of durable goods 2. T/F In the economy, income earned when producing new final goods and services must equal expenditure on the new final goods and services 3) T/F When you go to your local mall and buy new clothing that was produced in a foreign country, this has no impact on our GDP? 4)...

  • 1.         Year     Nominal GDP    GDP Price deflator        Real GDP          Inflation Rate  

    1.         Year     Nominal GDP    GDP Price deflator        Real GDP          Inflation Rate   Growth Rate                 2008    $14,833.60             99.23                                        --                     --             2009    14,417.90            100.00             2010      14,779.40            101.21             2011      15,052.40            103.20             2012      15,470.70            105.00             2013      15,759.00            106.59             2014      17,420.70            108.27             2015    18,287.20            110.01             2016    18,905.50            112.08             2017    19,738.90            114.27                         a.         Fill in the blanks in the table above and show your work.             b.         Over this time period, does inflation...

  • 3. Which of the following transactions will be included in the U.S. GDP? If the transaction is included, identify i...

    3. Which of the following transactions will be included in the U.S. GDP? If the transaction is included, identify into which category it fits. If the transaction is NOT included, tell why not. Fill in the blanks: yes or no? a. Nissan builds a new automobile plant in the U.S b. Delta Airlines sells one of its existing jets to Southwest. c. Ms. Moneybags buys existing shares of GM stock d. A California winery produces a case of Merlot and...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT