The figure represents the consumption function for a consumer. The distance between C and D represents A. the amount of saving. B. the amount of autonomous consumption. C. the amount of dissaving. D. the point where saving equals zero.
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The figure represents the consumption function for a consumer. The distance between C and D represents
A. the amount of saving.
B. the amount of autonomous consumption.
C. the amount of dissaving.
D. the point where saving equals zero.
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- In Russia, the value added is $30,000 and value of output is $38,000 Calculate the intermediate consumptionLabel the following as either being a final or intermediate good.A_ Recycled steel purchased by a steel manufacturer.B_ An automobile purchased by a package delivery company.C_A computer purchased by a university for use in the classroom . D_A car purchased by a family.Indicate whether each of the following actions or impacts would increase GDPa. An individual purchases bottled water to avoid a contaminated municipal water supply.b. An individual obtains her drinking water from a water fountain at her workplace to avoid a contaminated municipal water supplyc. A homeowner pays a lawn-care company for landscaping servicesd. A neighbor agrees to help a homeowner with landscaping work in exchange for assistance with plumbing worke. A paper company employs workers to plant treesf. An environmental organization provides volunteers to plant trees
- Measuring Economic Performance (chapter 11) 2. Adam's Ribs in downtown Chicago buys $10,000 worth of beef ribs, $25,000 worth of pork ribs, and $8,000 worth of napkins each month. Are these purchases included in the calculation of gross domestic product? Explain your answer. be creative workWhat is the measure of the income earned by owners of resources used in making final goods and services? a. personal income b. gross domestic income c. retained earnings d. national incomeState with valid reason, which of the following statement is true or false: a. Gross Value Added at market price and Gross Domestic Product at market price are one and the same thing. b. Intermediate goods are always durable in nature.
- The Compagnie Naturelle sells mounted butterflies, using butterfly bait it buys from another firm for $20,000. It pays its workers $35,000, pays $1000 in taxes, and has profits of $3,000. What is its value added?True or False: Personal Consumption Expenditures account for about 25% of GDP. Spending on Consumer Durable Goods tends to be very stable from year to year. Sales of used goods are included in GDP at 35% of their original sale price.An industry buys $3.75 million worth of resources to make a product. The industry makes 750,000 units of the product and each of them sells for $27. What is the value added per unit in that industry
- Say the GDP of a country is $100. To this foreign nationals' contribution is $5. Government gives $2 as transfer payments such as social security allowances to the citizens, corporations' retained profit is $3. Personal income tax is $1. Depreciation is $2 and statistical discrepancy is $1. What is the personal disposable income?Identify the part of the personal income which is actually available for consumption a.Consumption income b.Disposable income c.National income d.Taxable incomIn Brazil, The value of output is $21,000 and the value of intermediate consumption is $15500 Calculate the value added
