Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States? Check all that apply. The quality of goods available to consumers Funds spent by city governments to renovate their buildings O The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government The loss of enjoyment people incur when scenic land is converted to commercial use When a U.S. company purchases and imports wood from Brazil to use to build new houses within the United States, this purchase increases the component of GDP while also net exports by the same amount. Therefore, the purchase of wood from Brazil causes in US GDP.

P Do Homework - Chapter 4: Supply and Demand (Copy) - Google Chrome A mathxl.com/Student/PlayerHomework.aspx?homeworkld=616379615&questionld=1&flushed=false&cld=6801150¢erwin=yes Econ I Fall 2021 Intersession THU TRANG 12/21/21 8:11 AM = Homework: Chapter 4: Supply and Demand (Copy) Question 13, Checkpoint 2 Test B 3 Part 1 of 2 HW Score: 0%, O of 30 points O Points: 0 of 1 Save The graph shows the supply curve of tacos. Price (dollars per taco) 10- Draw an arrow to show what happens to firms' plans if the price of a taco rises but all other influences on selling plans remain the same. 8- 10 20 30 40 50 Quantity (tacos per day) >>> Draw only the objects specified in the question. Animation Etext pages Get more help - Clear all Check answer 8:12 AM P Type here to search WE 41°F Mostly cloudy 12/21/2021

Quèstion 15 which of the following would be strictly a macroeconomic topic? O the increase in the price of tomatoes O a drop-in gasoline prices how individuals maximize their utilities O the increase in the total production in Jordan

What is an aggregate? How is it used in macroeconomics? Give two examples of specific aggregates that are used in the study of macroeconomics.

This is for Macroeconomics

Explain why macroeconomists like to build models and why do macroeconomists build models based on microeconomic principles? Discuss.

Why is having knowledge of graphing and basic algebra or essential for your understanding of macroeconomics and how they are used in the course

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i Suppose that the economic model is wage = Bo+B₁exper+B₂exper² + ε. In the terminology of this class, is this a linear model? ii Suppose that the economic model is wage = 80+ experi Bo In the terminology of this class, is this a linear model? + E.

micro 1