Which of these is NOT part of GDP? Group of answer choices Consumer Spending Imports/Exports National Debt Reduction National Debt Reduction

Q: Net exports will be positive if A import > export в export > import export = import export = zero

A: The net exports are computed by taking the difference of exports and imports of a country.

Q: An inexperienced researcher wants to examine the average standard of living in two countries. In…

A: The Gross domestic product(GDP) refers to the market value of all final commodities(goods and…

Q: In the expenditure approach, the total expenditures of the following entities are calculated, except…

A: The expenditure approach is one of the methods of calculating national income of a country.

Q: Gross Domestic Product Exports of Goods and Services Imports of Goods and Services Federal…

A: The trade balance is the difference between export and import.  i.e., Trade balance = Export -…

Q: The Government of Bangladesh plans to administer 280 million doses of COVID-19 vaccine in the coming…

A: Answer-

Q: What is the effect that changes in business taxes, personal income, and transfer payments have on a…

A: GDP is the measure of the total value of services and goods produced within an economy during a…

Q: According to a circular flow diagram of a given country, which of the following is false? a) Income…

A: Here False statement is “Currency received from foreign countries can be used to purchase exports,…

Q: You are so lucky to win NOK 5 million in LOTTO. (A) How does this affect the gross domestic product…

A: The sale or production of final products and services is not represented by lottery prizes. As a…

Q: $ Billion GDP 950 Household Consumption 650 Government Consumption 150 Government Investment Direct…

A: National savings is the total savings of an economy which includes the savings of households,…

Q: Suppose during a given year the following data is recorded for some country: $8 trillion of consumer…

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

Q: Below is economic data for Germany for 2016 (measured in billions of current euros). What was total…

A: Total Spending is known to be as the spending which mainly means that when a person spend money for…

Q: Sarah is a United States citizen. Sarah works in the United Kingdom. Which of the following…

A: GDP is Gross Domestic Product which means the value of finished goods and services produced within…

Q: Use the information in the table below to answer questions 6 and 7: GDP at market prices R378bn…

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

Q: Which of the following equation represents GDP measured by the components of demand Group of answer…

A: GDP is the value of final goods and services produced in the economy within a given period of time.

Q: The U.S. economy is over a decade removed from the Great Recession. For several years after the…

A: The  U.S economy is very developed, it is a kind of mixed type of economy,& also the biggest…

Q: Ethiopia has a GDP of $8 billion (measured in U.S. dollars) and a population of 55 million. Costa…

A: ANS Per capita GDP is the amount of GDP shared by each individual of the country. It is obtained by…

Q: What happens to the following variables during an expansion? a. unemployment compensation b. welfare…

A: The economy is beginning to recover at the time of expansion. Borrowing money is cheap, firms…

Q: Suppose that in an economy, consumer expenditures are $2,790, government purchases are $790, and…

A: Here, given information is, Consumption: $2,790 Government purchases: $790 Investment spending:…

Q: Which of the following national income accounting identities are true for a closed economy in the…

A: National income is the total amount of money received by the people and businesses of a country. It…

Q: A person who mows his or her own yard takes part in reducing GDP. the underground economy.…

A: GDP is the final value of services and goods that an economy can produce with given resources at…

Q: The following table gives categories for income and expenditures for a representative country: Net…

A: The following table gives categories for income and expenditures for a representative country. Gross…

Q: Evaluate any five conditions where GDP fails in measuring the economic welfare of the people.…

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

Q: What is usually the smallest component of spending in GDP in Australia?   A) Consumption spending…

A: GDP( Gross Domestic Product)  GDP refers to the production level of an economy of a nation during a…

Q: Actual GDP in a country is $100 billion and potential GDP is $150 billion. Prices are virtually…

A: According to question, The current GDP is $100 billion, while the potential GDP is $150 billion.…

Q: Which of these is a part of private income? a. Incomes made by foreigners in the country b. Incomes…

A: Private income is defined as the total of factor incomes and transfer incomes which are received…

Q: Consider a country with a consumption of $485 billion, an investment of $175 billion, government…

A:

Q: GDP per capita is an indicator that tells us the whole picture about income inequality and income…

A: GDP is the value of final goods and services produced in the economy within a given period of time.

Q: An Indian citizen living in the US builds a new house in Spokane. In GDP calculations, this would be…

A: Gross domestic product (GDP) measures the aggregate of all the goods and services produced within…

Q: Select all events that contribute to increase the current year's GDP in Canada? 0 The government…

A: The worth of conclusive domestic labour and products in a given year is estimated by Gross Domestic…

Q: What percentage of the U.S. gross domestic product (GDP) consists of consumer or household purchases…

A: (D)

Q: 10) National bills must always be proposed by members of Congress.

A: Even though the idea of a bill can originate from anyone and anywhere and can take inspiration form…

Q: Which of the following would not be included as government spending in the calculation of GDP?…

A: The expenditure approach to calculating gross domestic product (GDP) takes under consideration the…

Q: The demand measure of GDP accounting adds together:     consumption, government purchases, wages…

A: GDP is the market value of final goods and services produced by an economy during a given period of…

Q: Consumption is $5.5 trillion, investment is $1 trillion, government expenditures are $1.5 trillion,…

A: Gross Domestic product (GDP) refers to the value of final goods and services produced in an economy…

Q: Why do national income accountants include indirect business taxes in the income approach to GDP…

A: The income approach determines the cost of production, and then adjusts it to equal the market value…

Q: ent expenditure includes all public consumption, investment, and transfer payment. Which of the…

A: Current expenditure of the government means the short term payments to be paid by government will…

Q: hich of the following would be included in the level of an economy's GDP? Select one: a. Private…

A: The GDP is best defined as the total of all value-added created in an economy. The…

Q: How will an increase in taxes applied to businesses affect the GDP based on the Expenditure…

A: Due to increase in taxes,gross domestic capital formation would decrease.

Q: The table below shows aggregate values for an economy where real GDP equals potent output. Potential…

A: Saving = Private saving +Public Saving. Private saving = GDP -Taxes -Consumption. Public saving =…

Q: The table below shows aggregate values a hypothetical country. Real GDP is equ GDP. The numbers are…

A: Aggregate expenditure is the sum of consumption, investment and government spending in a closed…

Q: Which of the following is included in Gdp? Select one: a. medicare b. social security payments c.…

A: GDP is the total and final value of goods and services produced in an economy during a given period…

Q: examine the relationship between total spending by government and consumers in a nation and the…

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

Q: I. Imports are flows of payments to domestic households from foreign firms in exchange for goods and…

A: The Export is the flow of goods and services to other countries and import refers to flow of goods…

Q: During recessions investment   falls by a larger percentage than GDP. falls by about the same…

A: Any economy while moving towards the growth, registered four varied kinds of stages, namely peak,…

Q: In an imaginary economy, the size of GDP is 30 million dollar. If consumption is 18 million,…

A: GDP: Gross domestic product or GDP is the sum total of the final value of all the goods and services…

Q: The difference between nominal GDP and real GDP is:     real GDP adjusts for inflation   real GDP…

A: Nominal GDP is calculated on the basis of the current price, while the Real GDP is calculated using…

Q: The following are national income account data for a hypothetical economy in billions of dollars:…

A: Gross private domestic investment =$320 Imports =$40 Exports =$22 Personal consumption expenditures…