Which of these is a part of private income? a. Incomes made by foreigners in the country b. Incomes made by businesses in the country c. Incomes made by the government d. Incomes made by workers

Q: For the country of Madagascar government spending was $15,000 in 2007. Consumption was $88,000,…

A: GDP under expenditure method is computed by adding up following items:1. Consumption expenditure of…

Q: GDP and GDP per-capita. a. Explain the difference between GDP and Per Capita GDP;  b. Explain how to…

A: a)Gross domestic product (GDP) is the total value of the final goods and services in the economy in…

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A: The nations have various entities in the form of households, consumers, investors, producers,…

Q: (i) Calculate the value added at each stage of production (ii) Calculate  the contribution to GDP…

A: Gross domestic product measures the value of goods and services produced by an economy during a…

Q: Check on the table below the factors that measure national income. Choose only three from the list…

A: The term "national income" refers to the entire monetary value of all of a country's final goods and…

Q: 2) Which of the following items are included in GDP? For those items not included, explain why they…

A: Answer - Need to find- Which of the following items are included in GDP? For those items not…

Q: Economic In an economy, 75 per cent of the increase in income is spent on consumption. Investment is…

A: here we can find the how much income increases and how much consumption expenditure increases which…

Q: Briefly explain why GNP per capita a good indicator is not always to compare different countries’…

A: The economies around the globe are involved in the economic, and financial activities. These…

Q: U.S. real GDP is significantly higher than it was 60 years ago . What does this imply ( if anything…

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

Q: State whether each item below would be included or excluded from the me explain why. OT GDP and…

A: The gross domestic product (GDP) is the aggregate value of goods and services produced in the…

Q: Consumption expenditures Investment expenditures Government purchases $800 $200 $300 Exports $100…

A: GDP can be defined the market value of all goods and services which are produced in the domestic…

Q: P dose not value A Total income of everyone in the economy B Total expenditure on the economy output…

A: Gross Domestic Product GDP is the monetary value of goods and services that are produced within the…

Q: How much does the production of a kayak add to GDP if the shell costs $250, the paint costs $20, the…

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

Q: Compare the term GDP, GNP, National income with the help of statistics of pakistan?

A: GDP i.e., gross domestic product is the value of a nation's finished domestic goods and services…

Q: If a pizza maker pays $1 for tomatoes, $1 for cheese, $2 for pepperoni and sells the pizza made with…

A: Gross Domestic Product is the final value of all goods and services produced in the economy during a…

Q: More than 4 million websites sell a combined $100 billion of pornography a year. Should these sales…

A: If the $100 billion of pornographic content is sold and purchased legally, and the transaction…

Q: Which of the following are included in GDP, and which are not? a. The cost of hospital stays b. The…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: What is Gross National Income and give examples.

A: The national income accounting is a system of book keeping used by the government just like a…

Q: A student had the following expenditures last month: rent, $500; food expense, $200, cost of a used…

A: GDP: GDP or the gross domestic product can be defined as the measurement of the final value of all…

Q: Do gdp statistics gives a good indication of a country's standard of living ?write on in its support…

A: GDP can also be referred to as the national income of the economy because it measures the production…

Q: Which of the following is included in GDP? a. The value of "free" household services provided by…

A: GDP is a common measure of the value addition made by a country's production of goods and services…

Q: Gross domestic product (GDP) figure gives an understanding of a market's Select one: a Economic…

A: Gross Domestic Product refers to value of goods and services produced in a country in a given period…

Q: Discuss whether GDP is always reliable and accurate in reflecting economic performance of a country.…

A: GDP is that the price of all the finished merchandise and services created at intervals a country'…

Q: U.S. real GDP is substantiality higher today than it was 60 years ago. What does this tell us, and…

A: Real gross domestic product is an inflation-changed measure that mirrors the worth of generally…

Q: Suppose a country makes only bread and fish. They make 10 bread for $5 per bread and 20 fish for $2…

A: Output is the amount, either utilized or employed for more manufacturing, of products or services…

Q: What is the nominal gdp and the value added of service sector?

A: Gross Domestic Product (GDP) is defined as the value of all final goods and services that are…

Q: Use the numbers to help calculate the Net GDP(NDP);Green GDP;& Genuine Progress Indicator (GPI).…

A: Since you have posted multiple questions as per the guidelines we can solve only one at a time

Q: Which of these items is not a part of the country’s national income? a. Income made by stores that…

A: Which of these items is not a part of the country’s national income?  B) government transfer…

Q: 1. For the items listed below, determine whether or not each would be used to compute GDP. If it is,…

A: GDP is the sum total of market value of final goods and services produced in a country during a…

Q: Which of the following is the way to show the output of a Kuwaiti company has a production unit…

A: The gross national income (GNI) is the entire amount of money earned by a country's citizens and…

Q: Use the following data on the economy of Iberia to answer the questions below: Net taxes $18 billion…

A: Gross Domestic Product (GDP) is the value of goods and services produced in the domestic territory…

Q: Use the information below Consumer spending = $200 million Capital Consumption Allowance = $80…

A: The GDP (gross domestic product) is calculated using either the expenditure approach or the resource…

Q: Explain why GDP may not always be the best measure of economic welfare

A: GDP measures the final value of goods and services produced in an economy. However, economic welfare…

Q: GDP calculation? a GDP includes earnings of both the citizens and non-citizens but are residing…

A: Gdp is the total monetary and market value of finished godds and services that produced within a…

Q: What is Gross National Income and give some examples

A: Gross national income is the sum of GDP and net factor income.

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: 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: Why are the local products increases the country income

A: Local product is helpful to increase the income of a country.

Q: Item Amount ​(billions) Consumption expenditure 720   Wages 652   Indirect taxes less subsidies 148…

A: GDP is the mkt value of each & every final goods and service (G&S) that are being produced…

Q: iv. What is the GDP deflator? How is the GDP deflator calculated?

A: Hi! thank you for the question but as per the guidelines, we answer only one question at one time.…

Q: Angus the sheep farmer sells wool to Barnaby theknitter for $20. Barnaby makes two sweaters, eachof…

A: Gross Domestic Product or GDP refers to the market value of all the final goods and services…

Q: The largest component of GDP is a. private consumption expenditures b. private…

A: People consumption is more than any other component of GDP.

Q: a)A caterpillar tractor is made by a U.S firm producing in the United States. Is this production…

A: Gross Domestic Product is useful to determine how much output is generated, produced, or…

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: What are the five components of national income?

A: The value of products and services generated by a country over the course of a fiscal year is…