ZuoTi.Pro
Question















A nations gross domestic product (GDP): Multiple Choice is the dollar value of the total output produced b can be found by s
QUESTION If P(A) 0.35, P(B) = 0.60, and P(A and B) = 0.21, find P(A or B).
math   Statistics-And-Probability   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

can be found by summing C + Ig + G + Xn

Given that,

P(A) = 0.35, P(B) = 0.60, and P(A and B) = 0.21,

P(A or B) = P(A) + P(B) - P(A and B) = 0.35 + 0.60 - 0.21 = 0.74

0 0
Add a comment
Know the answer?
Add Answer to:
A nation's gross domestic product (GDP): Multiple Choice is the dollar value of the total output...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

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

  • I 1) Gross Domestic Product (GDP) is A) the total wholesale value of all final goods...

    I 1) Gross Domestic Product (GDP) is A) the total wholesale value of all final goods and services produced by factors of production owned by citizens of a nation B) the total market value of all services produced by factors of production located within a nation's borders. C) the total market value of all goods produced within a nation's borders D) the total market value of all final goods and services produced by factors of production located within a nation's...

  • 11) Gross Domestic Product (GDP) is An thetotal wholisagoods and services producedby fciors oduion owned by...

    11) Gross Domestic Product (GDP) is An thetotal wholisagoods and services producedby fciors oduion owned by citizens of a nation. B) the total market value of all services produced by factors of production located within a nation's borders. C) the total market value of all goods produced within a nation's borders. D) the total market value of all final goods and services produced by factors of production located within a nation's borders. 12) Intermediate goods are A) goods that are...

  • 4) Gross Domestic Product (GDP) is defined as the market value of: A) all goods and...

    4) Gross Domestic Product (GDP) is defined as the market value of: A) all goods and services sold during the year by domestic and foreign producers. B) all final consumer goods produced during the year by domestic and foreign suppliers. C) all intermediate goods produced during the year by domestic and foreign suppliers. D) all final goods and services produced within the boundaries of an economy during the year by domestic and foreign-supplied resources.

  • Gross Domestic Product (GDP) only measures the value of marketed goods and services for a country...

    Gross Domestic Product (GDP) only measures the value of marketed goods and services for a country during a given period of time. Is the GDP measure underestimating or overestimating national production and total income in the economy? Why? What are the limitations of the GDP in measuring total output and national welfare? What products (services) are excluded from the GDP computation?

  • Which of the following is NOT true about gross domestic product (GDP)?​ a. ​It includes only...

    Which of the following is NOT true about gross domestic product (GDP)?​ a. ​It includes only final goods and services. b. The values are measured in current dollars c. Intermediate goods and services are excluded to prevent double counting.​ d. It includes the value of transfer payments.​ The gross domestic product (GDP) excludes:​ a. the value of intermediate goods produced.​ b. the spending by government on new roads and bridges.​ c. household spending on goods and services.​ d. ​the increase...

  • Question 2 If over a period of time real gross domestic product (GDP) increases while nominal...

    Question 2 If over a period of time real gross domestic product (GDP) increases while nominal GDP decreases, then this implies Select one: a. a significant rise in the price level. b. a significant drop in the price level. c. that real GDP is higher than nominal GDP. d. that the given period occurs before the base period. e. that the given period year occurs after the base period. Question 3 Indicate which expenditure category of GDP changes and the...

  • Select the components or inputs associated with the production function where gross domestic product (GDP) is the output

    Select the components or inputs associated with the production function where gross domestic product (GDP) is the output. capital deepening aggregate demand aggregate supply physical capital technological knowledge

  • (A) Real gross domestic product (GDP) increased from $16.62 trillion to $18.05 trillion, and the price...

    (A) Real gross domestic product (GDP) increased from $16.62 trillion to $18.05 trillion, and the price level increased from 120.0 to 123.4. Rounding to the nearest second decimal, how much was the growth rate of nominal GDP? (B) A US computer company buys computers from a US company for their workers. Which category of US gross domestic product (GDP) is this included? (C, I, G, NX or none of the four) (C) Refer to the following table, compute the CPI...

  • 40.          Ashton, an economics professor at the University of California, believes that gross domestic product (GDP) focuses...

    40.          Ashton, an economics professor at the University of California, believes that gross domestic product (GDP) focuses on domestic production. Which of the following statements supports his beliefs? GDP takes into consideration where the output is produced. GDP takes into consideration who owns the asset producing the output. GDP determinesthe output that domestic companies make abroad. GDP determines who is benefiting from a country’s production. ____41.  Before starting its operations in Viscosia, a country in South America, Kite Inc., an American consumer...

  • Gross Domestic Product (GDP) measures: the market value of goods and services produced by the citizens...

    Gross Domestic Product (GDP) measures: the market value of goods and services produced by the citizens of the country, regardless of where they live and work. the market value of goods and services produced within the geographic borders of the country, regardless of the nationality of the workers or the owners of the productive factors. the value of goods and services produced by the domestically-owned factors of production within the geographic borders of the country. the value of goods produced...

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