Question

need answers for all 4 questions

21. The calculation of GDP does NOT include the value of: Goodyear tires purchased by the United States Secret Service. Bridgestone tires purchased by Ford Motor Co. Firestone tires sold at your local garage. Michelin tires purchased by Canadian car collectors. 22. The annual percentage change in the aggregate price level is negative when there is: inflation deflation disinflation spiraling Inflation 23. Which item would NOT be included in this year's GDP? the purchase of a new hybrid truck the hiring of a new schoolteacher the production of a television show the purchase of your neighbor's house, which was built in 1994 24. Il during 2010, the Republic of Sildavia recorded investment spending of 3 billion, government purchases of $3 billion, consumer spending of 5 government transfers of $1 billion, and exports of $3 billion, Silvia's GOD in 2010 w $13 bilion $12 billion. $11 billion. $14 on. billion imports of 15 billion,

Answer 1

21) Tires purchased by canadian

option(D)

22) when there is deflation

option(B)

23) the purchase of neighbour's house

option(D)

24) GDP = C+I+G+NX

= 3+3+7+(3-5)

= 11 billion

option(C)