a)A caterpillar tractor is made by a U.S firm producing in the United States. Is this production counted in GDP? b) A Toyota Avalon is made by a Japanese firm producing in the United States. Is this production counted in GDP? c) Brooks running shoes are made by a U.S firm producing in China. Is this production counted in GDP?

Q: which of the below statements about the U.S. GDP do you think is INCORRECT?   Group of answer…

A: * ANSWER :-  The OPTION C is answer

Q: In measuring GDP, which of the following is NOT a factor payment? a. Government's transfers payment…

A: Factor payment approach to calculate GDP includes all factor payments earned by households, that is…

Q: Among the following, which would not be considered part of the investment component of GDP?   a.…

A: GDP is a macroeconomic measure that is used to determine the total aggregate production in a…

Q: When calculating GDP which of the following is an example of a final good or service?…

A: GDP of an economy is defined as the value of all the final goods and services which are produced in…

Q: GDP is A. Market value of final goods and services produced B.Total value added of goods and…

A: GDP includes only goods that have market value.

Q: look at this (Links https://www.cbsnews.com/news/why-gdp-fails-as-a-measure-of-well-being/) article…

A: "GDP (gross domestic product) measures the value of all finished goods and services produced within…

Q: Gross domestic product (GDP) is the sum of the income and expenditures of an economy Birini secin…

A: National income a national estimate measure of the volume of commodities and services turned out…

Q: Which of the following does NOT add to U.S. GDP? a. Air France buys a plane from Boeing, the U.S.…

A: GDP: Gross domestic Production or GDP is the final value of all the goods and services that are…

Q: Which of the following would be counted as part of the GDP?     a) the value of your fixing your…

A: Gross Domestic Product(GDP) is defined as the market value of all the goods and services produced in…

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

A: GDP is the total market value of all the final goods produced in an economy. It measures the…

Q: Which of the following are included in this year’s GDP? Explain your answer in each Rent received on…

A: GDP: GDP or Gross Domestic Product computes the health of an economy. A country with greater GDP per…

Q: Which of the following transactions would NOT contribute to the GDP? Select one: a. the purchase of…

A: The gross domestic product (GDP) is the summation of the money value of all the final goods and…

Q: GDP accounting, which of the following is not counted as investment spending?

A: Investment spending component in the GDP includes  1) purchase of capital goods like business…

Q: Which of the following is included in GDP? Group of answer choices the value of lawn care service…

A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…

Q: Which of the following statements is false? A) The GDP deflator includes also imports. B) The CPI…

A: Price index helps to measure the inflation rate. Inflation rate refers to the percentage change in…

Q: Which of the following WOULD be counted in GDP? Baking a cake for a family gathering Buying some…

A: GDP stands for Gross Domestic Product of the economy. It is the final value of goods and service…

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: 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 statements about GDP and GNP is WRONG? Cars produced in Canada using US…

A: We have to find GDP and GNP.

Q: QUESTION 1 An economy produced the following: Year 2017 2018 Quantity of Bread 100 200 Price of…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

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: Which one of the following is included in the GDP of Japan? Group of answer choices The value of the…

A: Gross domestic income refers to the value of goods and services produced domestically during an…

Q: Which of the following is not included in gdp?

A: Option B Imports are not included in GDP. Imports are substracted from Exports to calculate Net…

Q: Identify whether the following items are officially included in 2019 GDP or Not. Give specific…

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

Q: Calculate the value of GDP based on the data given

A: The economies around the globe are involved in various economic, as well as financial activities,…

Q: Suggest an argument for and an argument against counting in GDP all household-produced goods and…

A: The GDP measures the monetary value of an economic final production. It is equal to the total income…

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

A: GDP refers to the total value of all the final goods and services produced within the economy during…

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: which of the following are included in GDP and which ones are not,

A: GDP is an important macroeconomic measure of growth that is used to determine the total aggregate…

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 would cause the value of a nation's GDP to increase in a given year?   An…

A: GDP is the sum of the value of goods and services produced in an economy in a particular period.

Q: "You sell your car to a friend for $2,000 so you can buy a new car. Is this sale value included in…

A: GDP is the Gross Domestic Product of the economy. It is the final value of goods and services…

Q: Marijuana is sometimes estimated to be California’s largest cash crop. It is not included in…

A: Marijuana is sometimes considered to be California’s largest cash crop. It is not included in…

Q: Consider the following transactions, from a small island economy. Use them to calculate GDP, broken…

A: Gross Domestic Product refers to the method of calculating output and income of a country where all…

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

A: GDP comprises of expenditure carried out by domestic or foreign players on the production of…

Q: GDP includes the value of final goods and NOT intermediate goods because : A. the value of…

A: GDP is the market value of all the finished goods and services produced within the domestic country…

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

A: In the calculation of GDP we only use the value of final goods and computer is the final good whose…

Q: What is the difference between GDP and each of the following?                 a. Gross national…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

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: 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: Gross Domestic Product What would happen to GDP when  a. Parents have a child  b. You hire a company…

A: Hey, Thank you for the question. According to our policy we can only answer up to 3 sub-parts per…

Q: GDP: O ignores intermediate goods. O estimates the increase or decrease in quality of production…

A: Definition of GDP- The gross domestic product (GDP) is the value of all final goods and services…

Q: You are an economist calculating the Gross Domestic Product of Oman. To calculate GDP, you will…

A: The Gross domestic product (GDP) is the market worth of every final and service produced inside a…

Q: Which of the following will be counted as part of the U.S.'s GDP for a given year? Select one: a. An…

A: GDP is the national income or the total final value of the goods and services which can be produced…

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: Can you give two examples of goods or services that are in GDP and two examples of goods or services…

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