Last year you earned $50000. Out of this, you gave $1000 to different charities. What was your contribution to GDP last year? $50000 $1000 $49000 $51000

Q: Describe Marilyn Waring’s assessment of Gross Domestic Product (GDP) as a measure of economic…

A: She has been outspoken in her criticism of the idea of gross domestic product (GDP), the economic…

Q: Compare and analyze the two types of ranking (GDP and Per Capita GDP).

A: GDP stands for Gross Domestic product.

Q: In 2008, Lisa bought a used Cadillac from her local automobile dealer.  The Cadillac was originally…

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

Q: why are goods and services in a country counted in GDP at market value; what are the disavantages of…

A: Answer: One of the most crucial criteria for evaluating a nation's productivity and economic…

Q: Gross Domestic Product (GDP) in 2011 would include which of the following transactions?  (A) The…

A: Gross domestic product (GDP) is the final monetary value of goods and services produced in a given…

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 is not counted as a part of GDP? the unsold additions to inventory at an…

A: GDP ascertains the value of all final commodities made within the borders of the economy. So, it…

Q: Which one of these items will not be a part of the current year’s GDP? a. Spending of the…

A: Current years GDP refers to the total market value of goods and services produced in the current…

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: Discuss some of the reasons why economists should not consider GDP an effective measure of the…

A: Answer -

Q: Discuss the limitations of gross domestic product (GDP) as a measurement tool please.

A: GDP is the total income of the domestically produced final goods and services which would result in…

Q: Which of the following WOULD be counted in GDP? Baking a cake for a family gathering Buying some…

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

Q: One way to measure a country’s economy is per capita gross domestic product, or per capita GDP. This…

A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…

Q: Which of the following items is included in thecalculation of GDP?a. Purchase of 100 shares of…

A: Production means producing goods and services by using raw materials in such a way that productivity…

Q: Problem #28- Last year, a small nation with abundant forests cut down $200 worth of trees. $100…

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

Q: In 2016, country A faced unfavorable weather conditions. Wheat production decreased to 450kg.…

A: The gross domestic product (GDP) is the market value of goods and services produced within a year on…

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: 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: 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: 23. Which of the following would be considered a final good or service in the calculation of GDP?…

A: GDP stands for Gross Domestic Product. It is the market value of all final goods and services…

Q: In 2016, country A faced unfavorable weather conditions. Wheat production decreased to 450kg.…

A: Answer (4): Note: Answer 3 is correct thus I am not solving that. Let us use the output approach to…

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: Indicate whether each of the following actions or impacts would increase GDP a.    An individual…

A: GDP is the money value of all finished goods and services produced within a country during a…

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 methods of calculating GDP would NOT be accurate when the information on the…

A: Gross domestic product (GDP) measures the market value of final goods and services produced by an…

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: "An economy produces final goods and services with a market value of $5,000 billion in a given year,…

A: GDP is the final value of goods and services produced in an economy in one year. Market value of…

Q: Suppose a group of British investors finances the construction of a plant to manufacture skateboards…

A: GDP refers to the aggregate value of total output of all goods and services produced within the…

Q: Suppose we have the following information about a car manufacturer: car sales £1000, steel purchases…

A: GDP is the value of all final goods and services produced in an economy over a given period of time.…

Q: Marijuana is sometimes estimated to be California’s largest cash crop. It is not included in…

A: Marijuana is sometimes considered to be California’s largest cash crop. It is not included in…

Q: One bag of oranges is sold for $6.00 to a company that turns them into juice which is sold to…

A: Gross domestic product (GDP) is the standard measure of the value added created through the…

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: Construction contractor purchased five new trucks at $400 000 each. He sold his one old tractor to…

A: GDP refers to the gross domestic product. It is the market value of final goods and services that…

Q: Explain some of the weaknesses involved in using GDP as a measure of national well-being, especially…

A: GDP refers to the final value of goods and services produced in an economy during a year. The main…

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

A:

Q: In the expenditure approach of measuring GDP, which of these would not be counted as government…

A: Gross Domestic Product is defined as the final value of all the goods and services which are…

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

A: GDP refers to the gross domestic product of the economy which measures the total money value of all…

Q: GDP: O ignores intermediate goods. O estimates the increase or decrease in quality of production…

A: Definition of GDP- The gross domestic product (GDP) is the value of all final goods and services…

Q: Determine if the following would be included (I) or excluded (E) from the calculation of GDP. (d)…

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

Q: The calculation of a country's GDP encompasses all private and public consumption, government…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Which one of these items will not be a part of the current year's GDP? а. Spending of the government…

A: Transfer payments are not included in GDP.

Q: For each situation, identify if it is included in GDP, then identify the category C, I, G, or X-M…

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

Q: In the prescribed research paper "Is Ireland really the most prosperous country in Europe?" Dr…

A: The economies around the world tend to focus on their growth, and development, where the government,…

Q: The expenditures on tires by the Ford Motor Company are not included directly in GDP statistics…

A: GDP can be understood as the monetary value of all the final goods and services produced in an…