Q: Distinguish the final goods or services, intermediate goods or services, and capital goods?
A: Intermediate goods are defined as those goods which are a part of the final good as they have been…
Q: Investment is defined as what consumers do with their savings. financial capital. O spending on…
A: Investment refers to addition of new capital by firms into their businesses with the goal of…
Q: Q2 MCQ . Final goods or services used to compute GDP refer to: the sum of all wages paid to…
A: GDP is a macroeconomic measure used in the computation of the aggregate total output produced in an…
Q: Find exports if net exports is $150 million and imports are $180 million
A: The Given information is as follows:- Net exports = $150 million Imports = $180 million We have to…
Q: That part of income which is either consumed or saved by all the households in an economy is called…
A: Savings refer to the part of income set aside to use in the future. Consumption spending refers to…
Q: Gross domestic product measures the total expenditure on the economy’s input of goods and services.…
A: GDP is the term that measures the value of goods and services that are produced within a country's…
Q: Suppose you had a choice between living in the United States in 1900 with an income of $991,000 per…
A: Inflation is a component that caters to problematic situations in an economy wherein the price…
Q: Final goods and services
A: Final goods and services are those goods which are the end products that means they are finally…
Q: Find the value of national income of Austria if the net domestic product at factor cost in Austria…
A: The information being given to us is as follows:- Net domestic product at factor cost = $96 million…
Q: Find gdp and nnp
A: Gross domestic product (GDP) is the value of all goods and services produced domestically in the…
Q: A healthy economy that is working properly is called
A: full work as an economy in which the joblessness rate approaches the nonaccelerating expansion pace…
Q: how to find gross investment in the economy? is it correct if i add Net investment to Capital…
A: Investment: The term investment refers to the increase in the stock of capital. Here, capital is…
Q: Identify the part of the personal income which is actually available for consumption a. Consumption…
A: Income is the monetary value that the person receives after providing work to the business.
Q: A person's wealth is a stock; his income and expenditure are flows. • The number of people getting…
A: Stock is that quantity of economic variable which is measured at a particular point in time. Stock…
Q: Household consumption is affected by which of the following? Interest rato
A: Household consumption is affected by various factors.
Q: A good predictor of future cash flows includes: Select one: a. net income in past year b. cash…
A: Cash flows: Cash flow has the inflow and outflow of the cash transactions in a company during an…
Q: Which of the following statement is true ? (a).Final goods are produced in the same year as capital…
A: Capital goods can be defined as those goods which are produced for future productive purpose and can…
Q: GDP includes only "final” goods and services because Select one: a.goods and services sold to end…
A: Gross domestic product refers to the market value of all final goods and services that are produced…
Q: people typically pay more attention to their real income or their nominal income?
A: GDP is used to explain the overall economic welfare of a nation. It is used to calculate the…
Q: GDP
A: The goods and services’ overall values produced during a duration in the domestic boundary depicts…
Q: Disposable Income ($) Consumption ($) 1,000 800 1,100 880 1,200 960 1,300 1,040 1,400 1,120
A: The disposable income is the portion of the income which is left after the deduction of the taxes.…
Q: Exclude the income of foreign nationals that resides with in the country in a given period of time.…
A: GDP is the total value of all the final goods and services produced in an economy within the…
Q: f a good produced this quarter goes into inventory, then it is included in this period’s GDP. If it…
A: Gross Domestic Product(GDP) is the value(VOO) of final goods and services(G&S) produced by…
Q: Investment (I) includes: O the amount spent on new factories and machinery. the amount spent on…
A: Investment can be defined as any asset acquired or money committed for the purpose of earning future…
Q: If the gross investment in a year is $1000 and depreciation in a year is $50 then what is the value…
A: Net investment = Gross investment - Depreciation Gross investment = $1000 Depreciation = $50
Q: Is the purchase of equipment or machinery a part of consumption or investment?
A: Economics is the study of how the scarce resources of society are exploited. Economics is a social…
Q: Identify where the appropriate entries go on the circular flow diagram?
A: Concept We must obtain a thorough understanding of how the market system works because practically…
Q: It is difficult to calculate the value of GDP and it does not provide an accurate measure of the…
A: GDP measures the total amount of final goods and services produced in an economy during a given…
Q: True or False: Personal Consumption Expenditures account for about 25% of GDP. Spending on Consumer…
A: Three methods of Gross Domestic Product calculation are income method, expenditure method and value…
Q: When we add depreciation to net investment, we arrive at...............
A: Depreciation: The term depreciation refers to the fall in the monetary value of a commodity over…
Q: In terms of the circular flow diagram, households make expenditures in the _____ market and receive…
A: Circular flow diagram shows the flow of goods and services and money between household and firms.
Q: Investment in everyday life is: a. The purchase of goods and services b. The purchase of capital…
A: An asset bought or invested in to grow wealth and save money through hard-earned income or…
Q: Find net factor income from abroad if national income is $20,000 million and NDPFC is $13000 million
A: The information being given is:- National Income = $20,000 million Net domestic product at factor…
Q: Net exports are exports less imports. that portion of consumption and investment goods sent to other…
A: Net Exports are a part of GDP of a country. Net Exports=Exports-Imports Option B-Sending…
Q: If net disposable income is $140 million and national consumption expenditure is $60 million Find…
A: The information given is as follows:- Net disposable income = $140 million National consumption…
Q: That part of income which is either consumed or saved by all the households in an economy is called
A: Given data: That part of income which is either consumed or saved by all the households in an…
Q: If the value of net exports is negative, then O exports exceed imports. O imports exceed exports. O…
A: Net exports = Exports – Imports
Q: Use the information below Consumer spending = $200 million Capital Consumption Allowance = $80…
A: The GDP (gross domestic product) is calculated using either the expenditure approach or the resource…
Q: Money is a. The same as income b. All financial assets c. Any asset…
A: Money has reduced the importance of barter system.
Q: What is the distinction between total value and unit value according to Mises?
A: The Mises is an institute that is described as a leading supporter of the world of the ideas of…
Q: If net exports are $30 million and imports are $113 million Find the value of exports
A: According to the above-mentioned question, the values given are:- Net exports = $30 million Imports…
Q: What is the relation between Gross Domestic Product (GDP) and Gross Happiness Index (GHI): Select…
A: Gross domestic product (GDP) is the sum of the market value of final products and services…
Q: An economy produces three goods: orange, apple, and orange juice. It is assumed that half of the…
A: Nominal GDP is representative of the market value of all final goods and services produced in a…
Q: Describe in why measures of output do not always measure well-being. Include some specific examples.
A: Measures of output include GDP,GDP per capita,GNP etc. Always these measures do not reflect welfare…
Q: From the given figures below, calculate: A. Gross Private Domestic Investment B. Net Exports C.…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Calculate the value of net exports if exports are $100 million and the imports are $73 million
A: Net exports are a part of GDP of a country. Net exports are excess of exports over imports. Net…
Final goods include only those goods which are consumed by the household
True/False
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- Q7 MCQ _________ is calculated by taking _________ and then subtracting the value of how much physical capital is worn out, or reduced in value because of aging, over the course of a year. GNP; NNP NNP; GNP GDP; NNP NNP; GDPWhich of the following is not included in personal consumption expenditures? Group of answer choices 1. Purchases of existing shares by consumers in the stock market 2. Food purchased at supermarkets 3. Payments for cable and Internet services to homes 4. New furniture and appliances bought by homeowners"Income received by households before payment of personal taxes" is known as Saving. Disposable income. Personal income. Net domestic product.
- Final goods and services a. Are only foods and services consumed by people b. Are goods and services tht are produced by firms, not individuals c. Include capital and investories d. Do not include inventories but include capitalhow to find gross investment in the economy? is it correct if i add Net investment to Capital Consumption? Gross Investment = Net investment + Capital ConsumptionExplain Net present value with the formula.
- Identify the part of the personal income which is actually available for consumption a.Consumption income b.Disposable income c.National income d.Taxable incomNet exports are defined as: A. exports plus imports minus tariffs. B. imports minus exports C. exports minus imports D. exports plus imports. E. exports divided by imports.Calculate income if consumption is $120 million and Savings is $66 million
- What would be the value of consumption if savings is $1300 and the value of Income is $2200If Net Investment = 0 in a given year, this indicates that we have neither lost nor gained capital. That seems to be a desirable outcome. Do you agree?Tina walks into Ted’s sporting goods store and buys a punching bag for $100. That $100 payment counts as __________ for Tina and __________ for Ted. A) value added; multiple counting B) rents; profits C) expenditure; income D) income; expenditure
