Year |
Quantity of hot dogs sold |
Price per hot dogs |
Quantity of hamburgers sold |
Price per hamburgers |
|
2017 |
200 |
$2 |
250 |
$4 |
|
2018 |
200 |
$3 |
500 |
$4 |
|
a) Export. Boeing selling it's airplane to American airlines is an export. Trade between two countries.
b) Export. Since Apple is a US brand, selling it to France is an export.
c) Import.
D) Consumption. Buying dinner is a consumption expenditure
e) Investment. Amazon purchases this software for further production of goods and services.
f) Not included in GDP as it is a second hand good.
g) Investment. Adding to inventory adds up the inventory investment
h) not included in the GDP. Because social security is a transfer payment
I) Not included in the GDP
j) Investment. Building a new factory is an investment.
Place each of the following transactions in one of the four components of expenditure: (remember it...
Place each of the following transactions in one of the four components of expenditure: consumption, investment, government purchases, and net exports. Apple sells a computer to a public school in Paris, Kentucky. Apple sells a computer to an accounting firm in Paris, Illinois. Apple sells a computer to a bakery in Paris, France. Apple sells a computer to Paris Hilton. Apple builds a computer to be sold next year.
ta? 4. Place each of the following transactions in one of the four components of expenditure: consumption, investment, government purchases, and net exports. a. Apple sells a computer to a public school in Paris, Kentucky b. Apple sells a computer to an accounting firm in Paris, Illinois. c. Apple sells a computer to a bakery in Paris, France. d. Apple sells a computer to Paris Hilton. e. Apple builds a computer to be sold next year.
- Work It Out • Consider an economy that produces and consumes hot dogs and hamburgers. In the following table are data for two different years. 2010 2018 Good Hot dogs Hamburgers Quantity 200 200 Price Quantity $2 250 $3 500 Price $4 $4 a. Using 2010 as the base year, compute the following statistics for each year: nominal GDP, real GDP, the implicit price deflator for GDP, and the CPI. b. By what percentage did prices rise between 2010...
#7 please 2010 Good Quantity Hot dogs 200 Hamburgers 200 2018 Price Quantity $ 2 250 $3 500 Price $4 54 c. Apple sells a computer to a bakery in Paris, France. d. Apple sells a computer to Paris Hilton. e. Apple builds a computer to be sold next year. Find data on GDP and its components and compute the percentage of GDP for the following components for 1950, 1990, and the most recent year available. a. Personal consumption expenditures...
7. LounchPad . Consider an economy that produces and consumes hot dogs and ham- burgers. In the following table are data for two different years 2013 2015 Good Hot dogs Hamburgers Quantity Quantity Price 250 $4 500 $4 200 $$2 200 $3 a. Using 2010 as the base year, compute the following statistics for each year: nominal GDP, real GDP, the implicit price deflator for GDP, and a fixed-weight price index such as the CPI. b. By what percentage did...
only answer for question 5 4. Calculate the Nominal GDP, Real GDP using 2019 as the base year, and the GDP Deflator. Year Price of Milk Quantity of Milk Price of Honey Quantity of Honey 2017 $2 100 $4 200 2018 $4 100 $4 210 2019 $4 120 $6 220 4. Calculate the Nominal GDP, Real GDP using 2019 as the base year, and the GDP Deflator. Year Price of Milk Quantity of Milk Price of Honey Quantity of Honey...
2. Consider a hypothetical economy which produces three goods: TVs, books, and hamburgers. The following table shows the prices and output of the three goods for the years 2015, 2016, and 2017. Hamburgers Quantity TVs Quantity Books Price ($) Hamburgers Price (S) TVs Year Price (S) 2015 Books Quantity 250 10 10 2 40 2016 300 20 12 6 3 60 2017 280 25 6 14 4 80 a. What is the percent change in production of each of the...
4. Calculate the Nominal GDP, Real GDP using 2019 as the base year, and the GDP Deflator. Year Price of Milk Quantity of Milk Price of Honey Quantity of Honey 2017 $2 100 $4 200 2018 $4 100 $4 210 2019 $4 120 $6 220
How do I solve the following problems Given the following information, what would the real growth in 2015 be? Nominal GDPGDP Deflator 2014$120 billion 110 2015145 billion 126 5.6 (HOW) With a Real GDP of $100 billion in 2016 and of $140 billion in 2017, the real growth would be 40% (HOW) The fictional small country of Dansbert has had a robust GDP the last few years. Dansbert produces just two products: TVs and Computers. The following chart shows product...
1. During a given year, the following activities occur in a simple economy consisting of a miller and a baker The miller pays his workers $ 250,000 to mill 120 tons of flour. The flour is then sold to a baker for $ 530,000. The baker pays his workers 340,000 to make 750,000 loaves of bread, which she then sells directly to consumers for $ 1,000,000. a. Using the "final goods" approach, what is the GDP in this economy? b....