Homework Answers
1.
GDP is the monetary value of all final goods and services produced within the borders of a nation in a particular year.
Last option is correct
2.
If depreciation exceeds gross investment the economy's stock of capital is shrinking.
Third option is correct
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GDP is the Multiple Cholce national income minus all nonincome charges against output monetary value of...
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...
estion 16 of 20 : elect the best answer for the question. 6. Which one of...
estion 16 of 20 : elect the best answer for the question. 6. Which one of the following statem.ts about GDP is correct? O O A. GDP is the national income minus all nonincome charges against output. B. GDP is the monetary value of all economic resources used in producing a year's output O C. GDP is the monetary value of all goods and services, final and intermediate, produced in a specific year. OD. GDP is the monetary value of...
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
The gross domestic product (GDP) or gross domestic income (GDI), a basic measure of an economy's...
The gross domestic product (GDP) or gross domestic income (GDI), a basic measure of an economy's economic performance, is the market value of all final goods and services made within the borders of a nation in a year. briefly describe why it’s so important.
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...
The gross domestic product (GDP) or gross domestic income (GDI), a basic measure of an economy's...
The gross domestic product (GDP) or gross domestic income (GDI), a basic measure of an economy's economic performance, is the market value of all final goods and services made within the borders of a nation in a year. GDP is widely used by economists to gauge the health of an economy, as its variations are relatively quickly identified. However, its value as an indicator of the standard of living is limited. What is a limitation of using GDP to measure...
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...
34. All of the following will increase potential real GDP except a. an increase in the...
34. All of the following will increase potential real GDP except a. an increase in the amount of natural resources available. b. an increase in the percentage of the population that attends college. c. an increase in the cost of living (money prices). d. an improvement in technology. 35. Which of the following is not a problem associated with Real GDP as a measure of social welfare? a. It excludes intermediate goods as a separate entry. b. It does not...
In the expenditures approach of national income accounting, C, Ig and G include expenditures for Multiple...
In the expenditures approach of national income accounting, C, Ig and G include expenditures for Multiple Choice domestically produced goods and services only. exported goods and services. domestically produced as well as imported goods and services the private sector of the economy only. <Prev 14 of 50 Ned> 000 FA @ $ A & 3 4 5 E R T Y U O CO Value added by a firm is the market value of the firm's output minus the Multiple...
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.
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...
estion 16 of 20 : elect the best answer for the question. 6. Which one of the following statem.ts about GDP is correct? O O A. GDP is the national income minus all nonincome charges against output. B. GDP is the monetary value of all economic resources used in producing a year's output O C. GDP is the monetary value of all goods and services, final and intermediate, produced in a specific year. OD. GDP is the monetary value of...
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
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 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...
In the expenditures approach of national income accounting, C, Ig and G include expenditures for Multiple Choice domestically produced goods and services only. exported goods and services. domestically produced as well as imported goods and services the private sector of the economy only. <Prev 14 of 50 Ned> 000 FA @ $ A & 3 4 5 E R T Y U O CO Value added by a firm is the market value of the firm's output minus the Multiple...
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