EP ECONOMICS,AP EDITION-CONNECT ACCESS
20th Edition
ISBN: 9780021403455
Author: McConnell
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Question
Chapter 25, Problem 2P
To determine
GDP and Personal consumption expenditures.
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Students have asked these similar questions
$620
Personal Consumption Expenditures
Saving
50
200
Government Purchases
750
Net Domestic Product
Statistical Discrepancy
180
Gross Investment
780
National Income
220
Exports
Imports
240
760
Personal Income
Refer to the accompanying data (all figures in billions of dollars). The net investment
for this economy is
O 1) $200.
2) $20.
3) $230.
4) -$20.
1.
dix
Suppose the country produces only two goods: beef and wheat. The table
below summarizes the quantities of each good produced and the
corresponding prices in every year since 2005:
Beef Wheat
Nomin
al
PQP Q GDP
2005 $4 12 $1. 22
0
6
0
11 $1.
23
4
0
15
$1.
24
5 9 5
2007
2006 $4.
5
$4.
6
LO
5
LO
Real
GDP
(in
2006
price
s)
GDP
Deflat
or
Inflation
Rate
(using
GDP
Deflator)
CP
I
Inflation
Rate
(using
CPI)
In 2018, GM produced 30 cars, of which 25 were sold in
2018 and 5 were added to its inventories. The market
value of the cars in 2018 was $10,000 per unit. What is
the value of GM's output that will be included in the 2018
GDP?
O $250,000
O $50,000
O $300,000
O $350,000
Chapter 25 Solutions
EP ECONOMICS,AP EDITION-CONNECT ACCESS
Ch. 25 - Prob. 1DQCh. 25 - Prob. 2DQCh. 25 - Prob. 3DQCh. 25 - Prob. 4DQCh. 25 - Prob. 5DQCh. 25 - Prob. 6DQCh. 25 - Prob. 7DQCh. 25 - Prob. 8DQCh. 25 - Prob. 9DQCh. 25 - Prob. 10DQ
Ch. 25 - Prob. 11DQCh. 25 - Prob. 12DQCh. 25 - Prob. 13DQCh. 25 - Prob. 1RQCh. 25 - Prob. 2RQCh. 25 - Prob. 3RQCh. 25 - Prob. 4RQCh. 25 - Prob. 5RQCh. 25 - Prob. 6RQCh. 25 - Prob. 7RQCh. 25 - Prob. 8RQCh. 25 - Prob. 9RQCh. 25 - Prob. 1PCh. 25 - Prob. 2PCh. 25 - Prob. 3PCh. 25 - Prob. 4PCh. 25 - Prob. 5PCh. 25 - Prob. 6PCh. 25 - Prob. 7PCh. 25 - Prob. 8P
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