1.Which items directly add to GDP? Group of answer choices Microsoft sells 10 computers to UCF  [ Choose ] yes no Ford buys tires from Goodyear to install on new cars [ Choose ] yes no Edna buys some antique furniture that she plans to sell at a later date in her store [ Choose ] yes no George buys a 4-year old car at CarMax [ Choose ] yes no

Q: Each of the following situation would be counted toward GDP, except   O An American businessman…

A: GDP, Gross Domestic Product, is the standard measure for calculating the value added created through…

Q: Hint: Add the amount of money spent by buyers of final goods and services. Which of the following…

A: GDP is the total final value of goods and services produced in a country during a particular period.…

Q: Consider an apartment complex that converts to a condominium As a result, the renters become owners…

A: Answer: option d (The rent was included in GDP, the purchase of the condominiums are not included)…

Q: 2) Which of the following items are included in GDP? For those items not included, explain why they…

A: Answer - Need to find- Which of the following items are included in GDP? For those items not…

Q: What component(s) of GDP (if any) would each of the following transactions affect? Explain. 1. A…

A: Gross domestic product(GDP) measures the money value of all final goods and services produced in an…

Q: A farmer grows a bushel of wheat and sells it to a Miller for $20.00. The Miller turns the wheat…

A: Gross Domestic Product is the final value of goods and services produced in the economy during a…

Q: 1. Calculate the GDP by using both Income and Expenditure approaches. (Solution 8,300) Consumption…

A: Gross Domestic Product is the total value of goods and services produced within the domestic…

Q: Which of the following transcation is excluded from GDP? a. Intel buys a new jb to ferry t workers…

A: The market value or the total money of all the finished goods and services produced within the…

Q: Which of the following items is included in thecalculation of GDP?a. Purchase of 100 shares of…

A: Production means producing goods and services by using raw materials in such a way that productivity…

Q: Arthur sells $100 worth of cotton to Bob. Bob turns the cotton Into cloth, which he sells to Camille…

A: In an economy, value added method is one of the way to compute the overal income or contribution of…

Q: Many years ago, Sophie paid $500 to put together arecord collection. Today, she sold her albums at a…

A: Meaning of GDP (Gross Domestic Product): The Gross domestic product at current price is the market…

Q: A Texas oil company extracts petroleum and sells it to a refinery for $10,000. After processing, the…

A: GDP: It means the value of finished goods and services in terms of money produced in a country…

Q: which of the following transactions is exclued from GDP? a. the brazilian air force buys jets from…

A: Just recently delivered products - including those that expansion inventories - are included in GDP.…

Q: Jeremiah expressed his disdain for the economic reports he heard on the news. “All economists care…

A: While it is true that GDP calculations omit such things as the value as opposed to the price of an…

Q: explain why National income accountants only include the market value of final tangible goods and…

A: The GDP is the complete of all worth added made in an economy. The worth added implies the worth of…

Q: 23. Which of the following would be considered a final good or service in the calculation of GDP?…

A: GDP stands for Gross Domestic Product. It is the market value of all final goods and services…

Q: Using the expenditure approach, compute the value of the GDP? Transfer Payments $54 Interest Income…

A: GDP using expenditure approach: Household Consumption + Government Expenditure + Investment + Net…

Q: Which of the following are included in GDP, and which are not? a. The cost of hospital stays b. The…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: 6.) Which of the following Transactions will be included in GDP for the United States? a.)…

A: GDP is the total market value of all finished goods and services produced in the country.

Q: During 2009, the leather company produced enough leather for 20 couches.  The couch manufacturing…

A: GDP: The GDP is the value of all finished goods and services or products produced in the economy…

Q: Which of the following items are included in GDP? For those items not included, explain why they are…

A: Gross domestic product (GDP) is the monetary value of all goods and services produced within the…

Q: A mining company acquires new government licenses to drill in land the company already owns.    Is…

A: Yes. If a mining company acquires new government licenses to drill in land the company already owns.…

Q: included in the year’s GDP

A: Gross Domestic Product (GDP) is defined as the value of all the final commodities and services…

Q: Which of the following items are included in GDP? For those items not included, explain why they are…

A: The gross domestic product(GDP) refers to the market value of all final commodities(goods and…

Q: Measuring GDP - Income approach Assume an economy with a coal producer and a steel producer. In a…

A: Answer -

Q: In 2013, Blackberry bought $100 million in parts in New York and $150 million in par Ontario to…

A: In 2013, Blackberry bought $150 million in parts in Ontario to produce $600 million worth of phones…

Q: 1) How do the following events influence Turkish GDP? a. Mothers living in Turkey take care of their…

A: GDP: It is the final market value of goods and services produced in the country during a year.

Q: e following is the definition of GDP?

A: GDP is the gross domestic product. GDP is the market value of all the finished or end use goods…

Q: Identify whether the following items are officially included in United States GDP or GNP. a. The…

A: GNP  = GDP + net property income from abroad.

Q: Explain the income approach for calculating GDP and briefly mention all the components of it.

A: There are mainly three methods used to find the GDP of a country. Income method is one among them.

Q: 1. For the items listed below, determine whether or not each would be used to compute GDP. If it is,…

A: GDP is the sum total of market value of final goods and services produced in a country during a…

Q: A firm manufactured a computer hard desk and keyboard and sell to a computer manufacturing firm for…

A: Contribution to GDP is the final added value. It is the monetary value of final added goods and…

Q: According to the table (in billions of dollars), Consumption $1,000 Interest $80 Corporate Profits…

A: GDP refers to the market value of all the final goods and services produced in an economy during an…

Q: Which of the following transactions count towards GDP? A The selling of an empty plot of land. в The…

A: When the plot is sold, it is already accounted in calculation of GDP when the first time it was…

Q: Which of the following are included in the year’s GDP? which are excluded? Explain your answers…

A: GDP (Gross Domestic Product): It refers to the value of all finished goods and services that are…

Q: Imports Exports Consumer 80 billion 40 billion 185 billion semi-durables Profits 320 billion.…

A: Gross domestic product (GDP) is the standard degree of the value introduced created through the…

Q: In the following situations, explain what is counted (or is not counted) in this year’s GDP. You…

A:

Q: Which of the following transactions would be included in GDP? a. Abeer buys a newly constructed…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: What activity is not included in the GDP? Emily cooked some soup for the customers in the restaurant…

A: The abbreviation "GDP" refers to the "Gross Domestic Product," which is the total monetary value of…

Q: A Chinese restaurant buys 100 cups of rice for a total of $10; they buy soy, fish and oyster sauces…

A: Gross domestic product is the value of all the final goods and services produced in the country in a…