GDP does not count productive services, such as child care, food preparation, cleaning, and laundry, provided within the household. Why are these things excluded? Is GDP a sexist measure? Does it understate the productive contributions of women relative to men? Discuss.

Q: Explain why it is the case that the value of intermediate goods produced and sold during the year is…

A: Intermediate goods produced and sold during the year are not included in GDP calculation because…

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: 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 does NOT add to U.S. GDP?a. Boeing manufactures and sells a plane to…

A: The Gross Domestic Product (GDP) is the summation of the final value of all the final goods and…

Q: What is the difference between the expenditure method and the value-add method for calculating GDP?

A: Gross domestic product is the total value of goods and services produced in a nation in a particular…

Q: Does GDP clearly signal a change in the level of welfare of individuals?

A: GDP of a country estimates all the transactions within the boundary of a country. It is considered…

Q: Why are intermediate goods and services excluded when calculating the value of GDP

A: Intermediate goods are used for making other goods for selling them to customers.

Q: Which of the following transactions count towards GDP? Buying a used car from your friend. Buying a…

A: GDP (Gross Domestic Product) refers to value of all goods and services produced within the country's…

Q: many goods and services are illegally sold or legally sold but not reported to the government. how…

A: Gross Domestic Product is an economic or market values  of the products produced in the economy in a…

Q: d. You buy an antique vase at a resale shop. e. You make your own pasta sauce in your apartment. f.…

A: The value of all the goods and services produced in an economy during a given period of time at…

Q: explain why National income accountants only include the market value of final tangible goods and…

A: The GDP is the complete of all worth added made in an economy. The worth added implies the worth of…

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

A: 1.Treasury market is not included in official GDP and also stock market. Therefore 1 and 2 are not…

Q: included in the year’s GDP

A: Gross Domestic Product (GDP) is defined as the value of all the final commodities and services…

Q: Identify which of the following would be included in GDP as calculated by the final goods and…

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

Q: Which of the following would NOT be included in GDP? US manufacturer making goods in Europe Final…

A: Which of the following would NOT be included in GDP? The answer is Option A - US manufacturer making…

Q: indirect business taxes and capital consumption allowance are not income, yet they are included in…

A: Tax is one of the biggest sources for government revenue through which government meets its…

Q: GDP is a good and useful measure of general economic activity for each of the following reasons…

A: Answer: Option C (The total value of GDP is lower if the distribution of income is lower and less…

Q: Can these activities be considered part of GDP ? Please give your reason (s)  1. Mrs. Brown daily…

A: GDP: It is the market value or total monetary value of all the finished goods and services produced…

Q: Intermediate goods are excluded from the GDP calculation to avoid double counting. Select one: a.…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: explain the three approaches to measuring GDP and why do they give the same

A: Gross Domestic Product: GDP is a computation of the total size and health of our economy. GDP…

Q: Which of the following expenditures would notbe included in GDP?a. Purchase of a new lawnmowerb.…

A: GDP is the Gross Domestic Product which is the final value of all the commodities and services…

Q: 1.Which items directly add to GDP? Group of answer choices Microsoft sells 10 computers to UCF  […

A: The Gross Domestic Product is the summation of the money value of all the final goods and services…

Q: Which of the following is not included in 2016's GDP? the commission earned by a headhunter when she…

A: Answer: Correct option: D (the value of a motor that is used in the production of a lawn mower)…

Q: Why the following are not counted in the GDP.intermediate goods,transfer payments, used goods ,non…

A: Intermediate goods are excluded since GDP measures the value of final goods only. Inclusion of…

Q: Calculate GDP, what is included...what is not? Criteria USD in Billions Personal Consumption…

A: Y = C+I+G+NX Y= GDP = Gross domestic product = National income C= Consumption expenditure I=…

Q: GDP includes the value of final goods, and not intermediate goods, because:

A: GDP calculate only value of final good.

Q: Define GDP and distinguish between a final good and an intermediate good. please provide examples.

A: GDP stands for gross domestic product. It is the market value of all the final goods and services…

Q: Which one of the following actions or transactions would be included in GDP? Select all correct…

A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question…

Q: Discuss the Gross Domestic Product (GDP), highlighting the components and methods of calculating…

A: In economics, the final demand domestically can be described as the total demand for final services…

Q: Which of the following transactions count towards GDP? A The selling of an empty plot of land. в The…

A: When the plot is sold, it is already accounted in calculation of GDP when the first time it was…

Q: While Gross Domestic Product (GDP) is generally a good indicator of a country’s economic…

A: Gross domestic product refers to the criteria through which economic development of a country is…

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

A:

Q: Why does GDP omit sales of used goods? Of financial transactions? Of government transfer payments?

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

Q: List some of the reasons why economists should not consider GDP an effective measure of the standard…

A: Standard of living is the element that affects the happiness of people, either these elements are…

Q: Purchase of electricity by a family-owned business is included in GDP?

A: Gross Domestic Product is the aggregate of the values of all goods and services produced within a…

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 must you avoid double counting when measuring GDP?

A: Double counting in accounting refers to the error in which a transaction is counted more than a…

Q: Which of the following items are included in GDP? For those items not included, explain why they are…

A: GDP (Gross Domestic Product) measures the final value of all goods and services in an economy during…

Q: A Chinese restaurant buys 100 cups of rice for a total of $10; they buy soy, fish and oyster sauces…

A: Gross domestic product is the value of all the final goods and services produced in the country in a…