The overall dize of the economy is determined by a- potential GDP b-increasing human capita c-increasing physical capital d- using previous experience and gradually updating expectation
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The overall dize of the economy is determined by
a- potential
b-increasing human capita
c-increasing physical capital
d- using previous experience and gradually updating expectation
Step by step
Solved in 3 steps
- compare theory with practice about GDP can be reliable indicator of standard of livingDiscuss the economic impact of GDP on investments ?Assessment tions ts 0% 0% ! 1 0% 0% Q A 1 N a. First, calculate the change in GDP by adding up every dollar spent on final goods. b. Next, calculate the change in GDP by adding up every dollar's worth of output produced by detailing the value added at every stage of production. c. Finally, calculate the change in GDP by adding up every dollar of income earned. $ 54 0% C Sizing Up the Economy Using GDP - End of Chapter Problem Dan spent $200 on a new computer monitor that he purchased from a local store. The local store had bought it from an area wholesaler for $150. The area wholesaler had bought it from the manufacturer for $85. The manufacturer bought raw materials that cost $10 to produce the monitor. For the raw-materials provider, the $10 was pure profit. This monitor also had cost the manufacturer $65 in wages, the area wholesaler $20 in wages, and the local store $15 in wages. Calculate how much GDP changed as a result of this purchase using each of the three ways to measure…
- NDP=GDP net of what?How will an increase in the amount of scholarships and pensions given by the government affect the level of GDP? a. Increase in the level of unemployment b. Increases the level of gross domestic capital formation c. No effect d. Increase in net exportsDuring which of the following situations is the percentage change in real GDP always positive? Multie Choice recession growth recession depression infation
- what problem the value addedto measuring GDP resolved?When there is a surplus in a market: the Pe will decline in the future. O the Qdx will decline in the future. O the market price is below the Pe. O the Qsx will decrease in the future.For a consumption dependent economy like Malaysia and the United States, which factor contributes most to their GDP? a. Government spending b. Gross private domestic consumption c. Foreign direct investments d. Net exports
- In a small country, using prices of 2010, GDP in 2010 was S100 and GDP in 2011 was $110. Usıng prices of 2011, GDP in 2010 was $200 and GDP in 2011 was $210. The country will calculate the growth in real GDP between those years. percent as None of the above 15 05 10 O7.5 dresith eestphototock om m reams eams esthoto omWhat impact would each of following have in on real gdp ?would economic well being increase or decrease as a result? A. Averege, people in a country decide to increase the number of hours they work by 5%. b. Spending on Homeland security increase in response to terrorist attackAt what prices does the trend of the gross national product is calculated, in order to measurethe economic development