A nation’s gross domestic product is… a) C + I + G + (X-M) b) The total amount of money in circulation c) The total market value of all the intermediate goods and services d) The sum of value added at some stages of the production process
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A nation’s gross domestic product is…
a) C + I + G + (X-M)
b) The total amount of money in circulation
c) The total market value of all the intermediate goods and services
d) The sum of value added at some stages of the production process
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- The net national product (NNP) is the: A. difference between gross domestic product and net income of foreigners. B. difference between gross domestic product and depreciation. C. difference between gross national product and depreciation D. sum of gross domestic product and depreciation E. sum of gross domestic product indirect business taxesGDP minus depreciation is the formula used to calculate a- Net national product b- Gross natioal Product c- Gross Domestic Product d- Natioal incomeReal gross domestic product Select one: a. measures the value of final goods and services produced within the borders of a given country during a given time period using current prices. b. measures the value of final goods and services produced within the borders of a given country during a given time period corrected for changing prices. c. is a measure of the overall level of prices. d. can change from one year to the next even if there is no change in output.
- GDO minus depreciation is the the formula used to calculate a- net national product b- gross national product c- gross domestic product d- national incomepractise papers will be on time series and forecasting. You will use quarterly (GDP, GDP deflator) or monthly data ( CPI, PPI, industrial production index) . Or some other data but it should have at least 100 observations. The topic is regarding about the effect of oil prices on GDP.(1f) If Nominal GDP is $16,000 billion and the GDP deflator is 50, then Real GDP is: $25,000 billion. $32,000 billion. $8,000 billion. (1g) For productivity to increase the total number of hours worked has to increase. the value of the production per hour worked has to increase. the total production or output has to increase. (1a) The Helper Company’s customer service representatives received new computers and training on how to utilize them best. In regards to measuring productivity, these new computers and updated technology knowledge have increased profit for the Helper company. increased capital deepening for the Helper company. increased costs for the Helper company. (1b) Of the following examples, which one has little or no effect on labor productivity? The frequency of business cycles. (my guess) Technological change. The quality and quantity of available capital resources. (1c) What can you conclude when a nation’s production possibilities frontier shifts outward?…
- 1.20 A nation’s gross domestic product is…a) C + I + G + (X-M)b) The total amount of money in circulationc) The total market value of all the intermediate goods and servicesd) The sum of value added at some stages of the production processBureau of Economic Analysis in the USA is responsible for construction and maintenance of national income and product accounts (NIPA). Measurement began in the 1930s due to frustration of Roosevelt and Hoover trying to design policies to combat the Great Depression. Simon Kuznets (Nobel laureate) was commissioned to develop initial methodology and estimates. In 1947, the process became much more consistent. Methodologies have frequently been changed (improved?) as a result of advances in economics, accounting, and data collection. Past data are then revised to reflect new definitions. On the following information, calculate GNP at factor cost. Whether GNPFC derive from income method equivalent to expenditure method? S.No. Items Rs. (In Crores) 1 Private final consumption expenditure 1000 2 Net domestic capital formation (Investment) 200 3 Profit 400 4 Compensation of employers (Wages and salaries) 800 5 Rent 250 6 Government final consumption expenditure…The value of goods and services must be counted only once. To avoid double counting, only the value of the final goods and services are included. The value of the intermediate goods which constitute the value of the final products is excluded. This is the problem of
- A manufacturer purchased $4000 worth of ingredients and produced 2000 units of output. All units were sold for $10 each to a local wholesale. The wholesale sold the items to customers for $45 each. Calculate the value-added for the manufacturer.Computation of gross domestic product by the expenditure method would include the purchase of: Group of answer choices cement by a construction company fertilizer by a farmer government bonds by a commercial bank a school building by the U.S. Department of EducationThis data is a files that was gathered for another purpose and already exists is said to be: a. observational data b. primary data c. classified data d. secondary data