Why do economists include only final goods and services in measuring GDP for a particular year? Why don’t they include the value of the stocks and bonds bought and sold? Why don’t they include the value of the used furniture bought and sold?

Q: What are the difference between Nominal GDP and Real GDP? Why do economists use Real GDP rather than…

A: Answer -  Need to find- Difference between Nominal GDP and Real GDP and  Why do economists use Real…

Q: look at this (Links https://www.cbsnews.com/news/why-gdp-fails-as-a-measure-of-well-being/) article…

A: "GDP (gross domestic product) measures the value of all finished goods and services produced within…

Q: Fill in the blank for the following: GDP is the market value of all produced in a given period.…

A: The raw material is the unprocessed material that is used to produce finished products for selling…

Q: What component(s) of GDP (if any) would each of the following transactions affect? Explain. 1. A…

A: Gross domestic product(GDP) measures the money value of all final goods and services produced in an…

Q: Why does the investment components of GDP includes purchase of new capital goods but no purchase of…

A: GDP measures the final value of all goods and services that are produced within the domestic…

Q: What is the value of nominal and real GDP in 2004? .What is the value of nominal and real GDP in…

A: Gdp is the standard measure of the value added created through the production of goods and services…

Q: What is a real GDP? Why do economists prefer to use that as a measurement over regular GDP?

A: Real GDP is the final value of goods and services that are produced in the economy and are ready for…

Q: Why do economists use real GDP rather than nominal GDP to gauge economic well-being?  Define "Real"…

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

Q: Why are intermediate goods and services excluded when calculating the value of GDP

A: Intermediate goods are used for making other goods for selling them to customers.

Q: Jeremiah expressed his disdain for the economic reports he heard on the news. “All economists care…

A: While it is true that GDP calculations omit such things as the value as opposed to the price of an…

Q: four components of GDP

A: GDP(gross domestic product) is the value of all goods & services that are produced by an economy…

Q: d. You buy an antique vase at a resale shop. e. You make your own pasta sauce in your apartment. f.…

A: The value of all the goods and services produced in an economy during a given period of time at…

Q: In the year 2017, the economy produces 100 loaves of bread that sell for $2 each. In the year 2018,…

A: GDP or gross domestic product is the market value of all the final goods and services that are…

Q: explain why National income accountants only include the market value of final tangible goods and…

A: The GDP is the complete of all worth added made in an economy. The worth added implies the worth of…

Q: What is the largest component (C, I, G, or NX) of GDP? Give an example of each component.

A: The GDP is the summation of the monetary value of all the goods and services produced within the…

Q: What is the relationship among the four expenditure components of GDP?

A: Gross Domestic Product (GDP) refers to the total of all the goods and services produced and sold…

Q: Why is GDP not a good indicator in measuring quantity of life?Explain.

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

Q: How will you differentiate nominal GDP from real GDP?  Which one (nominal or real) do you consider…

A: Every country focuses on its economic growth. Each country runs on its production, investment, and…

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

A: Gross domestic product (GDP) is the monetary value of all goods and services produced within the…

Q: Comment on the limitations of using GDP as a way of measuring economic well-being

A: Introduction (GDP)Gross domestic product is a monetary measure of the market value of all final…

Q: Discuss why many argue that GDP is not a good measure of economic well-being of society.

A: The gross domestic product (GDP) is the standard measure of value-added produced during a certain…

Q: explain the three approaches to measuring GDP and why do they give the same

A: Gross Domestic Product: GDP is a computation of the total size and health of our economy. GDP…

Q: Discuss why alternatives to GDP are increasingly used to measure the standard of living

A: In an economy, it can be seen that the GDP is less likely used by the policymakers to measure the…

Q: Which one of the following actions or transactions would be included in GDP? Select all correct…

A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question…

Q: Define what is a country’s gross domestic product (GDP) and list and explain its various components.

A: GDP is significant since it gives information about an economy's size and performance.Real GDP…

Q: What component(s) of GDP (if any) would each of the following transactions affect? Explain. 1. A…

A: Note- Since you have posted a question with multiple subparts, we will solve the first three…

Q: What are the three views on GDP and how do they differ from each other? Since they measure output…

A: GDP refers to the total output or income generated by the people of a county in a specific year. It…

Q: How to measure the economic impact of the smart city initiatives on GDP?

A: A Smart City has four important aspects: Society Economy Environment Governance These subjects…

Q: While Gross Domestic Product (GDP) is generally a good indicator of a country’s economic…

A: Gross domestic product refers to the criteria through which economic development of a country is…

Q: List some of the reasons why economists should not consider GDP an effective measure of the standard…

A: Standard of living is the element that affects the happiness of people, either these elements are…

Q: What is the difference between GDP and each of the following?                 a. Gross national…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: value added" and how it can be used to calculate GDP

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

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

A: GDP (Gross Domestic Product) measures the final value of all goods and services in an economy during…

Q: What is the US GDP for year end 2018?  What the personal consumption expenditures for year end 2019

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

Q: Explain the difference between GDP and GNP. If the residents of Oman generate as much production in…

A: GDP (gross domestic product) of a country is the market value of all final commodities and services…

Q: what is the difference between nominal GDP and real GDP? what is the methodological procedure to…

A: National Income is the amount received from the goods and services produced annually in the economy.…

Q: What is the difference between intermediate and final goods? Why is the distinction between…

A: Macroeconomics studies the various forces affecting the economy as a whole like aggregate demand and…