Homework Answers
The correct option is only final goods and services should be counted.
To avoid double counting in the national income product accounts only final goods and services and it does not account intermediate goods and services because this leads to double counting into the national income.
Thus, option 1,2 and 4 are incorrect.
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To avoid double counting in the national income product accounts: primary, intermediate, and final goods and services...
To avoid multiple counting in national income accounts (Points : 4) only final goods and services...
To avoid multiple counting in national income accounts (Points : 4) only final goods and services should be counted. intermediate goods and services should be counted. both final and intermediate goods and services should be counted. primary, intermediate, and final goods and services should be counted.
Is the value of intermediate goods and services produced during the year included in Gross Domestic...
Is the value of intermediate goods and services produced during the year included in Gross Domestic Product (GDP)? For example, is aluminum used to produce a new mountain bike included in GDP? (Note that this question does not ask whether aluminum is directly counted in GDP but rather whether the production is included in GDP) O A. No. There is no value added in the production of aluminum. Therefore, production is not included in the value-added method of measuring GDP...
How much is national saving Consumption Spending 60 Investment Spending 30 Government Spending 20 Taxes 10 Exports of Goods and Services 40 Imports of Goods and Services 50 Net Primary Income 25...
How much is national saving Consumption Spending 60 Investment Spending 30 Government Spending 20 Taxes 10 Exports of Goods and Services 40 Imports of Goods and Services 50 Net Primary Income 25 Net Secondary Income 10
How much is national saving Consumption Spending 60 Investment Spending 30 Government Spending 20 Taxes 10 Exports of Goods and Services 40 Imports of Goods and Services 50 Net Primary Income 25 Net Secondary Income 10
Gross national product, GNI is the market value of all final goods and services o consumed...
Gross national product, GNI is the market value of all final goods and services o consumed by residents of the country anywhere in the world. o produced by residents of the country anywhere in the world. consumed within the country. o produced within the country.
Explain the difference between Final Goods and Intermediate Goods and explain why only final goods are...
Explain the difference between Final Goods and Intermediate Goods and explain why only final goods are included in Gross Domestic Product. (10 points)
Gross domestic product is - final market value of all goods and services by domestic producers...
Gross domestic product is - final market value of all goods and services by domestic producers both here and abroad - total market value of all final goods and services produced by resources in the U.S -TOTAL MARKET VALUE OF ALL GOODS AND SERVICES produced by resources in the U.S.
10) Gross domestic product is A) the market value of all the final goods and services...
10) Gross domestic product is A) the market value of all the final goods and services produced in a country during a given time period. B) the market value of all goods and services produced in a country during a given time period. C) the final value of all goods produced in a country in a given time period. D) the market value of all the intermediate goods and services produced in a country during a given time period. E)...
Question 4 0.1 pts The following table describes the National Income and Product Accounts for 2016....
Question 4 0.1 pts The following table describes the National Income and Product Accounts for 2016. What is nominal GDP? Gross Private Domestic Investment Exports Imports Durable Goods Nondurable Goods Services Government Consumption & Investment Change in Private Inventories Residential Investment $3,057.2 $2,208.1 $2,712.9 $1,411.0 $2,710.4 $8,699.3 $3,267.8 $35.1 $705.9
eau ovCI tc uubti Question 18 GDP may be defined as: the monetary value of all goods and services, final and interm...
eau ovCI tc uubti Question 18 GDP may be defined as: the monetary value of all goods and services, final and intermediate, produced in a given year o the national income minus all nonincome charges against output the final monetary value of all goods and services produced in a country in a given year the monetary value of all economic resources used in the production of a year's output Previous
Subtracting the purchase of intermediate products and supplies from the value of the sales of final...
Subtracting the purchase of intermediate products and supplies from the value of the sales of final products determines the amount of Multiple Choice 49 profit and cost net investment for a business. surplus or deficit from the economic activity value added from the economic activity. 20 of 50 <Prev Next Business inventories increase when firms produce Multiple Choice less than they sell, and the inventory increase is added to GDP less than they sell, and the inventory increase is subtracted...
Is the value of intermediate goods and services produced during the year included in Gross Domestic Product (GDP)? For example, is aluminum used to produce a new mountain bike included in GDP? (Note that this question does not ask whether aluminum is directly counted in GDP but rather whether the production is included in GDP) O A. No. There is no value added in the production of aluminum. Therefore, production is not included in the value-added method of measuring GDP...
How much is national saving Consumption Spending 60 Investment Spending 30 Government Spending 20 Taxes 10 Exports of Goods and Services 40 Imports of Goods and Services 50 Net Primary Income 25 Net Secondary Income 10
How much is national saving Consumption Spending 60 Investment Spending 30 Government Spending 20 Taxes 10 Exports of Goods and Services 40 Imports of Goods and Services 50 Net Primary Income 25 Net Secondary Income 10
Gross national product, GNI is the market value of all final goods and services o consumed by residents of the country anywhere in the world. o produced by residents of the country anywhere in the world. consumed within the country. o produced within the country.
10) Gross domestic product is A) the market value of all the final goods and services produced in a country during a given time period. B) the market value of all goods and services produced in a country during a given time period. C) the final value of all goods produced in a country in a given time period. D) the market value of all the intermediate goods and services produced in a country during a given time period. E)...
Question 4 0.1 pts The following table describes the National Income and Product Accounts for 2016. What is nominal GDP? Gross Private Domestic Investment Exports Imports Durable Goods Nondurable Goods Services Government Consumption & Investment Change in Private Inventories Residential Investment $3,057.2 $2,208.1 $2,712.9 $1,411.0 $2,710.4 $8,699.3 $3,267.8 $35.1 $705.9
eau ovCI tc uubti Question 18 GDP may be defined as: the monetary value of all goods and services, final and intermediate, produced in a given year o the national income minus all nonincome charges against output the final monetary value of all goods and services produced in a country in a given year the monetary value of all economic resources used in the production of a year's output Previous
Subtracting the purchase of intermediate products and supplies from the value of the sales of final products determines the amount of Multiple Choice 49 profit and cost net investment for a business. surplus or deficit from the economic activity value added from the economic activity. 20 of 50 <Prev Next Business inventories increase when firms produce Multiple Choice less than they sell, and the inventory increase is added to GDP less than they sell, and the inventory increase is subtracted...
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