In 2008, Lisa bought a used Cadillac from her local automobile dealer.  The Cadillac was originally produced in the year 2000 and sold for $50,000 to the first owner who bought the car in 2000. The used car dealer bought the car in 2008 for $5,000 from the original owner.  Then, the dealer washed and waxed the car right before selling it to Lisa.  Which of the following is counted towards GDP in 2008? Group of answer choices The amount the dealer paid the previous owner for the car. The value of the wash and wax right before selling the car. The original market price of the car. The total price paid by Lisa for the car.

Q: Define GDP

A: GDP or Gross Domestic Product is an indicator of growth.

Q: If intermediate consumption in Italy in 2016 was $600 million and the value of output was $780…

A: The data presented in the question is as follows:- Intermediate consumption for 2016 = $600 million…

Q: The Income Approach calculates GDP with all of the following except: wages, interest, profits and…

A: The market value of all final goods and services produced in the economic territory of the country…

Q: Arthur sells $100 worth of cotton to Bob. Bob turns the cotton into cloth, which he sells to Camille…

A: Gross domestic product is the sum of value of final goods and services produced in the economy…

Q: When calculating GDP using the expenditure, double counting is avoided by:

A: In expenditure method GDP is the sum of expenditures of final consumption, investment, government…

Q: The gross domestic product (GDP) of the United States is defined as the all in a given period of…

A: Solution:-  Blanks- 1) market value of 2) final goods and services 3) by resources within the US

Q: Which of the following would be directly counted in GDP in 2020? Group of answer choices Kitchen…

A: The correct option is  A) kitchen cabinets purchased from Home Depot in 2010 to be installed in a…

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

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

Q: Which of the following would be included in the calculation of GDP? Repairs to your car done by…

A:

Q: Which of the following are included in this year’s GDP? Which are excluded or included.        a.…

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

Q: The quantity of final goods and services produced during an accounting year is 3500 and the prices…

A: As per the question Quantity of the final goods = 3500 Prices are = 2500 NOMINAL GDP = ?

Q: does a household purchase of a home built in 1985 affect GDP?

A: The Gross Domestic product (GDP) measures the market value of all the final goods and services…

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: Which of the following are included in this year’s GDP? Explain your answer in each case.a. Interest…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Which one of the following is included in the GDP of Japan? Group of answer choices The value of the…

A: Gross domestic income refers to the value of goods and services produced domestically during an…

Q: 1- GDP is defined as ____________ Select one: a. The market value of all final goods and services…

A: 1. The answer is - a. The market value of all final goods and services produced within a country…

Q: Which of the following items is not part of the GDP calculation? Select one: O a. A number of…

A: We define GDP or the gross domestic product as the value of all the final goods and services which…

Q: What components of GDP (if any) would each of the following transactions affect? Explain.   Uncle…

A: Hey,thank you for your question, since you have posted multiple sub parts we will answer the first…

Q: GDP tends to underestimate the productive activity in the economy because it excludes: Multiple…

A: Gross Domestic Product refers to the market value of all final goods and services produced within…

Q: .Assume a Hyundai dealership in Delhi bought 30 Hyundais from Korea at a cost of $15,000 per car in…

A: here we calculate the given by following method as follow;

Q: Say the GDP of a country is $100. To this foreign nationals' contribution is $5. Government gives $2…

A: Personal Income = National Income – Indirect business taxes – Corporate income taxes – Undistributed…

Q: A mining company acquires new government licenses to drill in land the company already owns.    Is…

A: Yes. If a mining company acquires new government licenses to drill in land the company already owns.…

Q: During 2009, the leather company produced enough leather for 20 couches. The couch manufacturing…

A: GDP based on value added method = value sold to leather company 16000 + 4000 + value added by couch…

Q: In 2016, suppose a real estate agent sells a second-hand apartment (build in 1990) for 250,000. The…

A: Data presented in the above question is as follows:- Price for the second hand apartment = 250,000…

Q: Computation of GDP by the expenditures method would include the purchase of A. fertilizer by a…

A: Expenditure method is the method which measures final expenditure on gross domestic product at…

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: 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: If a real estate agent sells a house for 364,217 dollars that the previous owners had bought 13…

A: GDP (Gross domestic product) refers to the total value of finished goods and services that produces…

Q: Discuss why alternatives to GDP are increasingly used to measure the standard of living

A: In an economy, it can be seen that the GDP is less likely used by the policymakers to measure the…

Q: Question 9 Which of the following affects this year's GDP? There may be more than one answer. a) The…

A:

Q: Which of the following would be included in the consumption component of GDP? Select an answer and…

A: Answer- Need to find- Which of the following would be included in the consumption component of GDP…

Q: Find the last year GDP data (in billions) and the personal consumption expenditures data (in…

A: GDP is the total value of final goods and services produced in an economy during a particular period…

Q: The largest component of GDP is government purchases of goods and services. net exports of goods and…

A: GDP stands for gross domestic product which is calculated by summing up all the final values of…

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 will be counted as part of the U.S.'s GDP for a given year? Select one: a. An…

A: GDP is the national income or the total final value of the goods and services which can be produced…

Q: Which of the following would be captured and included in the calculation of GDP? The cost of…

A: The gross domestic product (GDP)  refers to the money value or market value of all the finished or…

Q: An economist, measuring GDP, first counted the value of aluminum created by an aluminum producer and…

A: GDP is the market value of final goods and services produced by an economy during a given period of…

Q: dentify whether or not each of the following transactions would be included in GDP, and if so, which…

A: GDP calculation is essential concept in macro economic analysis, it enables us to draw a clear…

Q: A farmer grows a bushelof wheat and sells it to a miller for $1.00. The miller turns the wheat into…

A: The gross domestic product(GDP) refers to the market value of all the final commodities(goods and…

Q: What is the US GDP for year end 2018?  What the personal consumption expenditures for year end 2019

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

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…

Factor Models

Many attributes might be related to an asset's risk, including market capitalization (size), dividend yield, growth, price-earnings ratio, etc. The use of these traditional descriptors, however, presents a few problems: