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- If a good produced this quarter goes into inventory, then it is included in this period’s GDP. If it is sold in the next quarter, it will have no effect on GDP. true or falseDetermine if the following would be counted in GDP and identify the category under which it would fall (C, I, G, NX, or not counted): The housecleaning services of the “Merry Maids” company. Select one: a.Government b.Consumption c.Investment d.Not counted e.Net ExportsCompany A successfully launches a hostile takeover of company B, in which company A purchases all the assets of company B. Is the above transaction counted in GDP? Explain your answers.
- Determine which expenditure(s) are included in the 2023 Gross Domestic Product (GDP) of Harrisonville. Correct Answer(s) Drag appropriate answer(s) here $500 million in road construction by state governments of Harrisonville Press Space to open $900 million in pharmaceutical products exported from Harrisonville to Murrayville Press Space to open a home built in 1974 valued at $ 750,000 Press Space to open businesses purchase $500 million on equipment and materials to produce future output Press Space to open $80 million in Social Security payments from the government to individuals Press Space to open $250 million expenditure for coffee beans from the central highlands of Peru Press Space to open $300 million in food and clothing purchases.The De La Salle University - Manila, a privately owned school, is currently building a new hospital. This will be classified in Philippine GDP as ________, because ____________. investment; it increases the capital stock consumption; it will provide medical services to consumers government purchases; the construction constitutes government expenditure net exports; most construction workers are foreignersThe following data were recently obtained from the BEA; values are in billions of dollars:Personal consumption expenditures, new goods: $3,780 Personal consumption expenditures, services: $8,667.8 Personal consumption expenditures, used goods: $570 Gross private domestic investment: $3,096.3 Exports of goods and services: $1,798.2 Imports of goods and services: $2,342.9 Government consumption expenditures and gross investment: $3,839.3 Government outlays for SNAP (food stamp) program: $85.4 a. What is the value of GDP?b. Your company has several factories and divisions located in other countries; how does the production of goods and services from those factories and divisions affect both U.S. and the other countries’ GDP?c. You are considering expanding your sales to either the country of Greater Dumpington or Lesser Dumpington, but are concerned about the local citizens’ ability to afford your relatively-expensive products. Both countries have the same GDP, but Greater Dumpington has…
- If the underground economy is sizable, GDP willa. understate the economy’s performance.b. overstate the economy’s performance.c. fluctuate unpredictably.d. accurately reflect this subterranean activity.Real GDPa. is the current dollar value of all goods produced by the citizens of an economy within a given time.b. measures economic activity and income.c. is used primarily to measure long-run changes rather than short-run fluctuations.d. All of the above are correct.refer to figure 23.6. if aggregate income is $1,000, aggregate consumption is Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- When the Japanese car maker Toyota expands one of its car factories in the United States, What is the likely impact of this event on the gross domestic product and gross national product of the United States? a.GDP rises and GNP falls. b.GNP rises and GDP falls. c. GDP shows a larger increase than GNP d. GNP shows a larger increase than GDP(National Income Accounting) Identify the component of aggregate expenditure to which each of the following belongs: a. A U.S. resident’s purchase of a new automobile manufactured in Japan b. A household’s purchase of one hour of legal advice c. Construction of a new house d. An increase in semiconductor inventories over last year’s level e. A city government’s acquisition of 10 new police cars
