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(GDP Demanded) How is the aggregate expenditure line used to identify real GDP demanded assuming a given
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- Question 15 Gross domestic product (GDP) in the economy is measured by the: market value of all final goods and services produced in the economy. total number of goods produced in the economy. total number of goods and services produced in the economy. total number of services produced in the economy.Condition1:National Unemployment Rate Rising,Rate of Inflation Falling Question1:What is likely to happen to real gross domestic product as a result of the relationship between spending and output?Question 1 Gross domestic product is the market value of all: O final goods and services produced by a country's citizens, wherever located, in a year final goods and services produced within a country in a year O goods and service sold within a country in a year O all goods and services produced within a country in a year
- Use the following composition of expenditure for the economy of a country named the Republic of Tapuwa, for the year ended 2019 to answer the questions below: Show all calculations and formulae Calculate the value of the country’s GDE (Gross Domestic Expenditure).Company A successfully launches a hostile takeover of company B, in which company A purchases all the assets of company B. Is the above transaction counted in GDP? Explain your answers.The table contains price and quantity information for two vehicle models produced by Ford Motor Company, the F-series trucks and Escape SUVs. 2016 2016 2017 2017 price quantity price quantity Ford Escape SUV's $24,485 307,069 $24,645 308,296 F-Series Trucks $44,400 820,799 $47,800 896,764 A. Calculate the amount contributed by Ford to U.S. GDP (real and nominal) from the sales of the two models in 2016 and 2017. B. Determine the growth rate of nominal GDP (if Ford were the entire economy). C. Determine the growth rate of real GDP (if Ford were the entire economy).
- Use the following composition of expenditure for the economy of a country named the Republic of Tapuwa, for the year ended 2019 to answer the questions below: Show all calculations and formulae Determine the value of the country’s NNI (Net National Income) at market price.Explain how gross domestic product is calculated using each of the following: the income approach and the expenditure approach. Tour response must be at least 200 words in length.1. Which of the following are included in this year’s GDP? Explain your answer in each. A 2-hour decrease in the length of the workweek. The purchase of an AT&T corporate bond. A $2 billion increase in business inventories.
- 1. Data on business investment can be a good indicator of whether the economy will likely be in a recession soon. This kind of data is called a ________ economic indicator. 2. Similarly, data on personal income can be a good indicator of whether the economy is currently in a recession. This kind of data is called a ________ economic indicator.1. DBS Farms is a producer and retailer of farm products. DBS main products are Mangoes, Pawpaw and Pineapples. The current price of the Mangoes per Kilogram is GHS 50, the Pawpaw/Kg is GHS 80 and the Pineapple is GHS 40. This year the DBS Farms sold 10,000 kgs of Mangoes, 20,000 kgs of Pawpaw and 1 million kgs of Pineapples. In an attempt to improve revenue, the managers of the firm have decided to increase all prices by 10%. Market research has suggested that the price elasticity of demand for each product is: Mangoes: - 1.5; Pawpaw: -2.5; Pineapples: - 0.6. You have been asked to evaluate the planned price increases. Comment on the planned price changes. Would a 10% price reduction have been better for some or all of the products?You are a junior executive of a new cellular phone carrier called Technologies of the Future (TOF) that competes in the same market as Verizon Wireless, AT&T, and T-Mobile. You are asked to write a professional document that discusses the concepts below. Define Gross Domestic Product (GDP). Differentiate between Real GDP and Nominal GDP. Explain how the GDP of the U.S. may influence the sale of smartphones by TOF. What percentage of the GDP is attributed to the sale of cellular phones (including carrier services) in the United States? Define the Human Development Index (HDI). Explain if the HDI has an influence on the sale of smartphones in the U.S. Which aspect of the HDI might influence the sale of smartphones? Identify the target audience for the sale of smartphones in the U.S.. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.