A Chinese restaurant buys 100 cups of rice for a total of $10; they buy soy, fish and oyster sauces for a total of $20; they buy assorted vegetables for $40. They create 50 meals with these ingredients and sell each one for $5.00. How much does this process contribute to GDP? Round to two decimals.

Q: in the year 2019, an economy produces 100 loaves of bread that sell for Rs8 each, in the year 2019,…

A: Gross domestic product (GDP) refers to the total value of all the final goods and services that…

Q: Explain why it is the case that the value of intermediate goods produced and sold during the year is…

A: Intermediate goods produced and sold during the year are not included in GDP calculation because…

Q: Discuss the Gross Domestic Product (GDP), highlighting the components and methods of calculating GDP…

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

Q: why are goods and services in a country counted in GDP at market value; what are the disavantages of…

A: Answer: One of the most crucial criteria for evaluating a nation's productivity and economic…

Q: 1 Calculate the Nominal GDP for 2016. Show your calculation. 2 Calculate the Nominal GDP for 2017.…

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

Q: Gross Domestic Product (GDP) is the broadest measure of output for an economy. However, GDP does…

A: GDP stands for gross domestic product. It is the value of all final goods and services produced in…

Q: Based on the following data, GDP would equal while Net National Product equals. in Billions…

A: The term "Gross Domestic Product" refers to the total monetary value of all final goods and services…

Q: Discuss some of the reasons why economists should not consider GDP an effective measure of the…

A: Answer -

Q: A US citizen who is working in Singapore remits $10,000 to his family in the US. The $10,000 is part…

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

Q: Which of the following would NOT be counted as a final good for inclusion in GDP? A:   a. sheet of…

A: The sum of the value of goods and services produced in an economy during a particular period is…

Q: Which of the following are included in this year’s GDP? Which are excluded or included.        a.…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: Last year, a small nation with abundant forests cut down $200 worth of trees. It then turned $100…

A:

Q: A. Can these activities be considered part of GDP? Please give your reason(s). 1. Mrs. Brown daily…

A: Hello. Since you have posted multiple parts of the question and not specified which part of the…

Q: produces apples, 1200 to consumers (final users) and 700 to Firm 2. Firm 2 produces apple juice,…

A: In GDP we include only the value of final goods and services produced within the given fiscal year.…

Q: If a friend comes over to help you build a wooden fence, the value of the service produced counted…

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

Q: Investigate what is gross domestic product GDP

A: Answer: Gross domestic product (GDP): GDP refers to the market value of all the goods and services…

Q: Compare the term GDP, GNP, National income with the help of statistics of pakistan?

A: GDP i.e., gross domestic product is the value of a nation's finished domestic goods and services…

Q: Billions of Dollars Gross private domestic investment $2,200 Depreciation $1,887 Exports $2,820…

A: Answer: GDP calculation by expenditure approach: This approach measures the GDP as a sum of total…

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: Comment on the limitations of using GDP as a way of measuring economic well-being

A: Introduction (GDP)Gross domestic product is a monetary measure of the market value of all final…

Q: Identify which of the following would be included in GDP as calculated by the final goods and…

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

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

A: GDP based on value added method = value sold to leather company 16000 + 4000 + value added by couch…

Q: Which of the following would NOT be included in GDP? US manufacturer making goods in Europe Final…

A: Which of the following would NOT be included in GDP? The answer is Option A - US manufacturer making…

Q: Can these activities be considered part of GDP ? Please give your reason (s)  1. Mrs. Brown daily…

A: GDP: It is the market value or total monetary value of all the finished goods and services produced…

Q: Tom is an organic gardener.  For several years, he produced only for his own consumption.  Last…

A: GDP or Gross Domestic Product can be defined as the sum total of the market value of all final goods…

Q: Which of the following expenditures would notbe included in GDP?a. Purchase of a new lawnmowerb.…

A: GDP is the Gross Domestic Product which is the final value of all the commodities and services…

Q: Only three goods are produced in an economy in the following amounts: A = 9, B = 22, C = 9. The…

A: Nominal Gross Domestic Product is the total value of goods and services produced in a country during…

Q: Which of the following economic activities are included and which are excluded in calculating this…

A: A homeowner who mows her own lawn is not included in the GDP calculation because it does not involve…

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: Name some of the services, if any, you produced at home that do get counted in GDP. Are there any…

A: In an economy, GDP is used as an economic tool to measure the national income in terms of goods and…

Q: Discuss the Gross Domestic Product (GDP), highlighting the components and methods of calculating…

A: In economics, the final demand domestically can be described as the total demand for final services…

Q: GDP does not count productive services, such as child care, food preparation, cleaning, and laundry,…

A: GDP (Gross Domestic Product) measures the total value of goods and services produced by a nation in…

Q: Tom's Fruit uses only labour to collect wild tomatoes, which it sells for $50,000 to Tony's ketchup.…

A: GDP is calculated by adding the value of all finished goods and services that are produced within…

Q: One bag of oranges is sold for $6.00 to a company that turns them into juice which is sold to…

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

Q: Construction contractor purchased five new trucks at $400 000 each. He sold his one old tractor to…

A: GDP refers to the gross domestic product. It is the market value of final goods and services that…

Q: Discuss the limitations of gross domestic product (GDP) as a measurement tool.

A: GDP: The GDP or the gross domestic product can be defined as the estimation of the final value of…

Q: Why do we exclude intermediate goods from the calculation of GDP?     A.) Intermediate goods do not…

A: Intermediate goods are goods used in production of final goods and services

Q: An economist, measuring GDP, first counted the value of aluminum created by an aluminum producer and…

A: GDP is the market value of final goods and services produced by an economy during a given period of…

Q: For each of the following expenditures, indicate whether it would be counted as part of the US GDP.…

A: Gross domestic product refers to the value of all final goods and services produced in an economy…