Which of the following are final goods or services, and which are intermediate goods or services? a. A Haircut purchased from a hair salon  b. a new automobile  c. an oil filter purchase in a new automobile d. Crude oil

Q: Given the following: consumption = 400, investment = 300, government expenditure = 150 and net…

A: Economy's GDP Y = Consumption + Investment + Government expenditure + Net export

Q: Which of these is not a method for calculating national income? a. Net Output Method b. Expenditure…

A: In an economy, national income can be computed using three approaches as they all give same result…

Q: 11. Investment expenditure as part of GDP includes A) Cole's purchase of camera surveillance for all…

A: The final value of goods and services being produced during a specified period of time in an economy…

Q: The table below shows the values for several different components of GDP. Composition of Gross…

A: The total gross investment is defined as the expenses incurred or investment made on the purchase of…

Q: I need help with answering these four questions - why is  a large GDP is a good thing for the…

A: Answer: GDP: GDP refers to the value of goods and services produced within the domestic territory of…

Q: Which of the following is not counted as a part of GDP? the unsold additions to inventory at an…

A: GDP ascertains the value of all final commodities made within the borders of the economy. So, it…

Q: When opening a print shop you need to buy printers, computers, furniture, and similar items,…

A: Since you posted multiple questions, The answer to the first question is provided. If you want any…

Q: Which definition best describes real GDP? the production of goods and services valued at current…

A: The real GDP of a country is a measure of its gross domestic product adjusted for inflation. In…

Q: Compute the economy's GDP using the expenditure approach. Assume that all transactions are 2019. C…

A: Hector spent for the maintenance of his car P 70,000 per month will be considered  Consumption  = P…

Q: In a closed economy where there is only a wheat producer and a bread producer, if the wheat producer…

A: The gross domestic product (GDP) refers to the money value of all final goods and services produced…

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: Q.2. John a farmer sells tomatoes to Joseph the tomato sauce manufacturer for K350 . Joseph makes…

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

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

A:

Q: You are given the following information about an economy GDP at Market Prices 1,,669.4 Imports…

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

Q: Consider an economy which produces and sells, among a host of other things, 100 million T-shirts a…

A: The total monetary or market worth of all finished goods and services produced inside a country's…

Q: n 2020, Computers Inc. produced personal computers worth $25 million. If $20 million worth was sold…

A: GDP- It stands for gross domestic product. It refers to the market value of all final goods and…

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

A: We will use Value of output approach to calculate the GDP for the given nation. Each activity adds…

Q: b. Analyze how much Pakistan’s GDP and each of its components is affected by the following…

A: The GDP calculation is an important aspect of knowing the financial health of the country, GPD…

Q: The investment category of GDP measures three different types of expenditures. What are they? Why is…

A: Expenditure applies to payments made for commodities or services or to obligations accrued in return…

Q: Which of the following would be counted as afinal good for inclusion in GDP?a. A piece of glass…

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

Q: Which of the following are final goods or services,and which are intermediate goods or services?a.A…

A: Final goods and services are those goods and services that end up in the hands of the consumers as…

Q: GDP is: O the value of all final goods and services produced domestically. the value of all final…

A: Final goods are those goods that are directly consumed by the consumers.  Intermediate goods are…

Q: One day,  chinedu the barber , Inc, collects D400 for haircuts.over this day , his equipment…

A: Given, Total income = D400 Depreciation= D 50 Sale tax (Indirect taxes) = D 30 Income tax (Personal…

Q: The only two products existing are pens and pencils. Year 1 Year 2 1500 1900 Quantity of pens Price…

A: Real GDP is the real indicator of social welfare in the economy . Because real GDP changes when…

Q: A farmer produces wheat, which is valued at $0.75. The wheat is then sold to a miller, who turns it…

A: the farmer produces wheat so the value added By the farmer is 0.75 By Miller is (1.50-0.75) = 0.75…

Q: Question 27 GDP is not a perfect measure of well-being; for example, O GDP incorporates a large…

A: The answer is - Option 2: GDP fails to account for the quality of the environment.

Q: In 2013, Blackberry bought $100 million in parts in New York and $150 million in par Ontario to…

A: In 2013, Blackberry bought $150 million in parts in Ontario to produce $600 million worth of phones…

Q: Harry's Pepperoni Pizza Parlor produced 10,000 large pepperoni pizzas last year that sold for $10…

A: Nominal GDP is calcuated by multiplying current year prices with current year quantities.  Nominal…

Q: If nominal GDP is 42,000 and real GDP is 40,000 what is the GDP deflator?     A.) 1.05     B.) 200…

A: Nominal GDP measures the value of goods and services measured in current year prices while real GDP…

Q: Now, suppose that some goods are not sold. e. Calculate the new real GDP for 2018 (2019 base year)…

A: Real GDP measures the money value of all final goods and services produced in an economy adjusted…

Q: What are the major discrepancies that exist between the manufacturing activity and the consumption…

A: Lets understand the coordination between the manufacturing activity and consumption activity with a…

Q: 18. If nominal GDP is $5 million and the real GDP is $4 million, what is the GDP deflator? a 0.80 b.…

A: GDP measures the value of all final goods and services produced in an economy over a period of time.…

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: Given the following: consumption = 430, investment = 300, government expenditure = 150 and net…

A: Economy's GDP is calculated by = Consumption + Investment + Government expenditure + Net export

Q: Assume an economy with two firms: a coffee beans producer and a coffee shop. In a given year, a…

A: a coffee beans producer sells 50,000 tonnes of coffee beans to the local coffee shop at $50 per…

Q: why is  a large GDP  a good thing for the economy and sosociety?  what would a large GDP mean to an…

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

Q: what is the value added of the service sector in 2019?

A: As economies and societies developed, the study of economics got more complicated, and hence was…

Q: Modern Principles of Economics Fourth Edition Question 17 Let’s figure out GDP for Robinson Crusoe.…

A: Note:- Since we can only answer up to three subparts, we'll answer the first three. Please repost…

Q: From the following information, calculate GDP, private disposable income and private savings…

A: Gross Domestic Product (GDP) measures the values of goods and services produced with in the domestic…

Q: Which definition best describes real GDP? a)the production of goods and services valued at current…

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

Q: A farmer sells cucumbers to a food processor for $1.50 per pound. The food processor makes the…

A: GDP measures the market value of all final goods and services produced within an economy in a given…