a) The Australian made furniture will increase the investment and imports in the economy. (for US economy, if you are in Australia then remove the imports part same for part B below. )
b) This will be part of consumption and imports.
c) this woods will not be recorded in the GDP only the exports will be aprt of exports.
d) Shares are not recorded in the GDP.
e) Old goods are not part of the GDP.
f) Pensions are not part of the GDP as they are transfer goods.
g) Services that do not involve money is not part of the GDP.
The following expenditure equation is utilised to measure the economy: GDP = C + + G...
Question#1AThe following are details of the expenditure of a very small economy. All the autonomous expenditures are given in $ thousand. C = 200 + 0.8Yd I = 10 G = 50 T = 0.05Y X = 40 M = 0.1Y Derive the aggregate expenditure function, and calculate the equilibrium real GDP Determine the expenditure multiplier using aggregate expenditure function slop value
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...
I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this paper and some conclusions and contributes of this paper. I need this for my Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS PLEASE !!!) Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...