included in the year’s GDP

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: what are the statement by Robert Kennedy on the important aspects that GDP does not include .Provide…

A: Robert Kennedy has very beautifully explained the drawbacks of the GDP. He said GDP does not include…

Q: Which of the following is NOT a component of the expenditures approach to calculating GDP? Select…

A: Expenditure Approach is a method of calculating the Gross Domestic Product (GDP) of the country. In…

Q: The expenditure approach to calculating GDP is best expressed by which of the following?     A.)…

A: GDP measures the value of goods and services that are produced within the country during a specific…

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

A: GDP computes the monetary value of final goods and services—that is, those that are purchased by the…

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: 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: Identify the contribution to this year's GDP by entering a numerical value. Do not enter dollar…

A: GDP refers that Gross domestic product which means that cost of production of goods and services by…

Q: Suppose an U.S. farmer sells a truckload of sugar cane to a sugar refinery for $200. The refinery…

A: GDP refers to the total value of finished goods and services that produced within the economic…

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

A:

Q: Many years ago, Sophie paid $500 to put together arecord collection. Today, she sold her albums at a…

A: Meaning of GDP (Gross Domestic Product): The Gross domestic product at current price is the market…

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: which of the following transactions is exclued from GDP? a. the brazilian air force buys jets from…

A: Just recently delivered products - including those that expansion inventories - are included in GDP.…

Q: Which of the following is included in GDP? the fees charged for a stock broker's services. cash…

A: GDP includes all private and public consumption, government outlays, investments, additions to…

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: Lotta Doe sells 100 shares of stock in Benson Buggywhip for $50 per share. She pays her broker a 2…

A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…

Q: Which of the following are counted in this year’s GDP? Explain your answer in each case. A.  Flashy…

A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…

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: For each of the following examples, state if you think it is included in the 2010 calculation for…

A: GDP (Gross Domestic Product) measures the market value of all final good and services produced in an…

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

A: GDP: The GDP is the value of all finished goods and services or products produced in the economy…

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: Which of the following is NOT a part of U.S. GDP? a. The value of sales of stocks and bonds bought…

A: GDP is the sum of final goods and services produced in an economy in the given year within the…

Q: There are at least three ways to define or measure Gross Domestic Product (GD discussed in our…

A: A) Income Approach :The pay approach begins with the income acquired from the production of labor…

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: which of the following are included in GDP and which ones are not,

A: GDP is an important macroeconomic measure of growth that is used to determine the total aggregate…

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: 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: 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: "You sell your car to a friend for $2,000 so you can buy a new car. Is this sale value included in…

A: GDP is the Gross Domestic Product of the economy. It is the final value of goods and services…

Q: Which of the following economic activities are included and which are excluded in calculating this…

A: A homeowner who mows her own lawn is not included in the GDP calculation because it does not involve…

Q: (a) Comment on the limitations of using GDP as a way of measuring economic well-being. (b)…

A: (a) "GDP measures the market value of all the final commodities and services produced in a nation at…

Q: Which of the following are included in the year’s GDP? which are excluded? Explain your answers 1.…

A: Since you have posted multiple sub-parts, we are answering the first three for you. If you want…

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

A:

Q: Which of the following are counted in this year GDP? Justify your answer. a) A local car dealer sold…

A: Gross Domestic Product refers to the value of all the finished goods and services produced inside…

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: Gross Domestic Product What would happen to GDP when  a. Parents have a child  b. You hire a company…

A: Hey, Thank you for the question. According to our policy we can only answer up to 3 sub-parts per…

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

A: GDP: It means monetary or market value of all the finished goods and services that are produced…

Q: Which of the following transactions are or are not included in GDP? 1. The pollution created when…

A: 1)Not included in GDP Because externalities does not account for GDP. 2)Not included in GDP Because…

Q: What activity is not included in the GDP? Emily cooked some soup for the customers in the restaurant…

A: The abbreviation "GDP" refers to the "Gross Domestic Product," which is the total monetary value of…