What component(s) of GDP (if any) would each of the following transactions affect? Explain. 1. A family buys a new refrigerator. 2. Aunt Jane buys a new house. 3. BMW sells a Mini from its inventory. 4. You buy fish and chips. 5. Leicester City Council resurfaces University Road. 6. Your parents buy a bottle of French wine.

Q: 1. Identify whether the following items are officially included in 2019 GDP or Not. Give specific…

A: The GDP (Gross Domestic Product) calculation includes the final value of all goods and services…

Q: Which of the following examples is counted in the calculation of GDP of the United States? O A.…

A: GDP is Gross Domestic Product. It is the sum of production of all goods and services produced in an…

Q: Explain why it is the case that the value of intermediate goods produced and sold during the year is…

A: Intermediate goods produced and sold during the year are not included in GDP calculation because…

Q: Which of the following does NOT add to U.S. GDP? a. Air France buys a plane from Boeing, the U.S.…

A: GDP: Gross domestic Production or GDP is the final value of all the goods and services that are…

Q: Which of the following does NOT add to U.S. GDP?a. Boeing manufactures and sells a plane to…

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

Q: A farmer sells wheat to a baker for $2. The baker uses the wheat to make bread, which is sold for…

A: Intermediate goods are the goods used to create another product. Intermediate goods are inputs in…

Q: Suppose Nucor Steel sells $2,000 worth of steel to Ford, other producers sell $5,000 worth of other…

A: Answer: GDP refers to the value of only final goods and services produced in a year. It does not…

Q: PROBLEMS AND APPLICATIONS 1. What components of GDP (if any) would each of the following…

A: Hi, thank you for the question. As per our Honor code, we can attempt only one question. If you want…

Q: Which of the following are included in this year’s GDP? Which are excluded or included.        a.…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: Identify whether or not each of the following transactions would be included in GDP, and if so,…

A: (d) would be included in GDP Income method.

Q: which of the following transactions is exclued from GDP? a. the brazilian air force buys jets from…

A: Just recently delivered products - including those that expansion inventories - are included in GDP.…

Q: Last year, a small nation with abundant forests cut down $200 worth of trees. It then turned $100…

A:

Q: Which of the following are included in this year’s GDP? Explain your answer in each case.a. Interest…

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

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: Which of the following are counted in this year’s GDP? Explain your answer in each case. A.  Flashy…

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

Q: Which of the following is included in the measurement of GDP? (A) The beauty of art. (B) The love of…

A: Economies tend to get involved in various economic activities, such as the consumption of goods and…

Q: Below are some data from the productions of milk and honey. price of quantity of price of quantity…

A: Since you have asked multiple question, we will answer first question for you. If you want any…

Q: 7. Which of the following would be counted in France's GDP? A The purchase of a motorcycle to one's…

A: GDP is the final value of all goods and services produced in a country during a given year. Whatever…

Q: What components of GDP (if any) would each of the following transactions affect? Explain.   Uncle…

A: Hey,thank you for your question, since you have posted multiple sub parts we will answer the first…

Q: Which of the following is NOT a part of U.S. GDP? a. The value of sales of stocks and bonds bought…

A: GDP is the sum of final goods and services produced in an economy in the given year within the…

Q: You just bought an old car a couple years ago for $1,000 and put about $5,000 of parts and labor…

A: Secondhand goods, such as used cars, are excluded from GDP calculations.  When these things were…

Q: Identify which of the following would be included in GDP as calculated by the final goods and…

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

Q: Which of the following would NOT be included in GDP? US manufacturer making goods in Europe Final…

A: Which of the following would NOT be included in GDP? The answer is Option A - US manufacturer making…

Q: What components of GDP does Ford selling a Mustang from its inventory affect?

A: Gross Domestic Product (GDP): The total amount of final values of goods and services that are…

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

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

Q: 1) How do the following events influence Turkish GDP? a. Mothers living in Turkey take care of their…

A: GDP: It is the final market value of goods and services produced in the country during a year.

Q: 8. Last year, a small nation with abundant forests cut down $200 worth of trees. It then turned $100…

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

Q: Which of the following transactions count towards GDP? A The selling of an empty plot of land. в The…

A: When the plot is sold, it is already accounted in calculation of GDP when the first time it was…

Q: Which of the following are included in the year’s GDP? which are excluded? Explain your answers 1.…

A: Since you have posted multiple sub-parts, we are answering the first three for you. If you want…

Q: GDP is composed of a number of categories. What category makes up the largest portion of GDP? What…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Below are some data from the productions of milk and honey. price of quantity of price of quantity…

A: Nominal GDP: It is the complete market worth, everything being equal, and administrations created in…

Q: Which of the following transactions would be included in GDP? a. Abeer buys a newly constructed…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: two (2) differences between the consumer price index and the GDP deflator

A: CPI is Consumer Price Index.  GDP Deflator is Gross Domestic Product Deflator.

Q: What is GDP? Which are the main components? What is the difference between nominal and real GDP?…

A:

Q: 10. Which of the following is included as investment in GDP? i. Cars produced during the year but…

A: GDP is the sum of consumption expenditure, investment expenditure, government expenditure and net…

Q: Which of the following transactions are or are not included in GDP? 1. The pollution created when…

A: 1)Not included in GDP Because externalities does not account for GDP. 2)Not included in GDP Because…