Classify each of the following as IN Africa's 2020 GDP or NOT IN Africa's 2020 GDP. Cars produced in 2019 but sold in 2020:  IN Africa's 2020 GDP,NOT IN Africa's 2020 GDP Cars produced in 2020 but sold in 2021:  IN Africa 2020 GDP, NOT IN Africa 2020 GDP Used cars sold in 2020:  IN Africa 2020 GDP, NOT IN Africa 2020 GDP Crude oil (used in the production of gasoline) produced in 2020:  IN Africa 2020 GDP, NOT IN Africa 2020 GDP Oil produced by an Australian company in Africa in 2020 (and sold to consumers):  IN Africa 2020 GDP, NOT IN Africa 2020 GDP Oil produced by Africa-owned companies outside of Africa (and sold to consumers) in 2020:  IN Africa 2020 GDP, NOT IN Africa 2020 GDP

Q: Analyze how much Pakistan’s GDP and each of its components is affected by the following…

A: The dinner purchased by Atiya will increase Personal Consumption Expenditure by 100 and so, increase…

Q: Many financial analysts use GDP as a measure of the economy's performance. However, GDP has several…

A: The GDP is the summation of the money value of all the final goods and services produced within the…

Q: Q2. Given the following data in 2020, calculate the country's GDP in that year. Show steps of your…

A: Investment= Purchases of capital equipment+ Purchases of structures+ Inventory accumulation…

Q: Calculation of GDP using the income approach, the size of a country's national income will be equal…

A: GDP is the final value of goods and services produced in the economy during a given period of time…

Q: A country produces only one good. It produced 5,000 units of the good during Year 1 and 6,000 units…

A: "Since you have asked a question with multiple sub-parts, we will solve first three sub-parts for…

Q: The following table gives data for a small country, Magnolia: Use the data to calculate GDP for…

A: National Income refers to the total income that is derived from the economic activities in a…

Q: Write an essay Explaining concisely whether the following statement is true or false: “The GDP of a…

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

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

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Q: Wheelan argues that although GDP is not the perfect measure of economic progress, we continue to use…

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Q: Suppose you are provided with the following information about an economy that consists of just three…

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Q: Which one of these items will not be a part of the current year’s GDP? a. Spending of the…

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

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A: This table shows the data for a hypothetical economy in a specific year . All figures are in…

Q: Determine whether each description refers to nominal gross domestic product (GDP) or real GDP. A…

A: Solution -  Definition  GDP - GDP is a measure to calculate total output of a country in a year .…

Q: The following represents the production of goods for a country Commodity Quantity 2010 Quantity 2009…

A: Nominal GDP=Units of output×Price per unitsReal GDP=Units of output × Price per unit from base…

Q: Along with government spending, what THREE factors make up gross domestic product (GDP) under the…

A: GDP = Household spending + Gross investment + Government spending + Net exports

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Q: Are the following included or not in the measurement of Gross Domestic Product (GDP)? Explain your…

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Q: GDP includes only "final” goods and services because Select one: a.goods and services sold to end…

A: Gross domestic product refers to the market value of all final goods and services that are produced…

Q: explain which of the following transactions are included in the Gross Domestic Product, and by how…

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Q: Suppose that a farmer grows wheat, which she sells to a miller for $10. The miller turns the wheat…

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Q: What are shortcomings of using GDP to measure the standard of living? Group of answer choices GDP…

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Q: The following table shows some data for an economy that produces only two goods: milk and honey.…

A: we can be fill up the following blanks by using these methods   such as the formula of nominal…

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

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

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A: GDP is the sum of all the final goods and services produced within the domestic borders of the…

Q: Which of the following would not be included as government spending in the calculation of GDP?…

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Q: A U.S. consumer buys a new Toyota vehicle (a Japanese company), which is manufactured at Toyota…

A: The final value of goods and services that are being produced in an economy within a given time…

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A: Answer: US Nominal GDP in 2010 = $15 trillion GDP deflator = 200 Real GDP2010=Nominal GDP2010GDP…

Q: The statement that total sales by businesses were up 0.3 percent means that GDP​ ______ because​…

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Q: Using the relevant information below: Gross Domestic Product (GDP) gross domestic product =…

A: GDP can be defined as the measurement of market values of goods and services in the terms of money…

Q: Which of the following transactions should or should not be counted in GDP? Answer Yes or No  and…

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Q: Which of the following is true about the components of GDP?   When we buy stocks, this is economic…

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

A: Answer GDP is the value of overall goods and services produced in an economy during a financial year…

Q: The 2017 U.S. gross domestic product (GDP) was valued at 19,390,604,000 dollars. How many Gateway…

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Q: In each of the following cases, determine how much GDP and each of its components is affected (if at…

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Q: Explain why each of the following should be taken into account when GDP data are used to compare the…

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Q: Suppose a country reported a nominal GDP of 85 billion in 2019 and 100 billion in 2018 and reported…

A:

Q: Using the expenditure approach, calculate GDP using the following data.

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A: 1. If an Al Khaleej Food company owned entirely by Emirati Business Group opens a new Restaurants…

Q: Suppose that a simple economy produces only three goods and services: sweatshirts, dental…

A: The GDP is the summation of the money value of all the final goods and services produced within the…

Q: For the following question , please indicate whether current GDP of the United States will be…

A: Components of GDP = C + I + G + (X-M)

Q: Place the transactions below in their appropriate categories in the GDP and calculate the overall…

A: GDP GDP (Gross Domestic Product) basically refers to the total monetary worth of all final products…