Computation of gross domestic product by the expenditure method would include the purchase of: Group of answer choices cement by a construction company fertilizer by a farmer government bonds by a commercial bank a school building by the U.S. Department of Education
Q: Gross private domestic investment is one of four expenditure values used in: Select one: national…
A: Gross private domestic investment is that amount of money which is invested by businesses with in…
Q: The GDP deflator measures A .the changes in aggregate prices of all final goods and services…
A: GDP deflator: - it is a measure of the change in the price of goods and services produced in an…
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A: Generally in the given question, The gross Domestic product at market price is valued at = 414…
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A: Answer : 3. $65 billion
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A:
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Q: The gross domestic product (GDP) of the United States is defined as the in a given period of time.…
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Q: The gross domestic product (GDP) of the United States is defined as the all in a given period of…
A: Solution:- Blanks- 1) market value of 2) final goods and services 3) by resources within the US
Q: The gross domestic product (GDP) of the United States is defined as the all in a given period of…
A: GDP measures the market value of all final goods and services produced within the United States in a…
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A: GDP measures the market value of final goods and services produced within an economy during a given…
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Q: Discuss two shortcomings of using Gross Domestic Product as the primary measure of a country's…
A: Gross domestic product is used as the primary measure of the economic performance of a country.
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A: GDP is the total value of all the final goods and services produced in an economy within the…
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A: Option (A).
Q: YEAR QUANTITY PRODUCED PRICE PER UNIT 2015 100 R 35 000 2016 95 R 40 000 2017 108 R 43 000 Calculate…
A: Nominal GDP is measured using market value of goods and services in the current period whereas real…
Q: The gross domestic product (GDP) of the United States is defined as the all in a given period of…
A: GDP stands for Gross domestic product. In this case US GDP is being discussed and we are required to…
Q: Calculate the value of NDPFC if GDPMP is $1200 million, depreciation Is $250 million and the net…
A: The information being provided to us is:- GDPMP = $1200 million Depreciation= $250 million Net…
Q: be included in the calculation of national income?
A: National income can be defined as the value of all the goods and services produced by a country in a…
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A: Depreciation: The term deterioration alludes to a bookkeeping strategy used to dispense the expense…
Q: Private consumption expenditure (C) 150 Indirect Taxes 20 Gross private investment Expenditure…
A: Gross Domestic Product(GDP) is the value of national output produced in the country. It can be…
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A: National income refers to the market value of all the goods and services produced in the country at…
Q: Students are required to show ALL workings to be awarded the full marks for each part of this…
A: *SOLUTION :- *A) * The GDP in expenditure method = C+I+G+NXC= Consumption expenditures = 6,739.4…
Q: Gross domestic product is The monetary value of all final goods and services produced in a year The…
A: Gross Domestic Product (GDP) is the most commonly used measure of national income.
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A: * SOLUTION :- From the given information the answer is provided as below as ,
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Q: Which of the following would NOT be counted in gross domestic product? Question 51 options: a)…
A: The Gross Domestic Product or GDP is widely used as an indicator of the well-being and prosperity of…
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A: Gross domestic product measures the value of goods and services that are produced in a given year…
Q: Consider the following components of GAVbp: Agriculture, Forestry and Fisheries = 2072 Industry =…
A: Given: Agriculture, Forestry and Fisheries = 2072Industry = 18723Services = 34195Indirect taxes net…
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A: Solution. Here the technology matrix is given under Steel Coal Final demand Steel 0.3 0.2 120…
Q: Gross domestic product is a measure of _______. the nonmarket production of goods and services. the…
A: Expenditure approach: GDP=consumption+investment+government expenditure+net exports
Q: Real gross domestic product Select one: a. measures the value of final goods and services produced…
A: In economics, the final demand domestically can be defined as the total demand for final services…
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A: GDP is defined as the total production of all goods and services within territory of the country in…
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A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
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A: so here calculate percentage change in nominal GDP between 2015 Q1 and 2016 Q1 , which are as…
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- A nation’s gross domestic product is… a) C + I + G + (X-M)b) The total amount of money in circulationc) The total market value of all the intermediate goods and servicesd) The sum of value added at some stages of the production processPrivate consumption expenditure (C) 150 Indirect Taxes 20 Gross private investment Expenditure (I) 60 Subsidies 5 Government Expenditure (G) 40 Transfer payments to households 10 Exports (X) 35 Personal Income Taxes 25 Imports (M) 30 Undistributed dividends 5 Net factor income from the rest of the world 5 Depreciation 5 Find Net National Product and Disposable IncomeGDP minus depreciation is the formula used to calculate a- Net national product b- Gross natioal Product c- Gross Domestic Product d- Natioal income
- Suppose GDP in this country is $690 million. Enter the amount for consumption. Value National Income Account (Millions of dollars) Government Purchases (G) 150 Taxes minus Transfer Payments (T) 210 Consumption (C) Investment (I) 165Question 4 Gross domestic product seldom relates to the amount of goods consumers can purchase. Group of answer choices True FalseStudents are required to show ALL workings to be awarded the full marks for each part of this question. (a) Calculate GDP using the Income and Expenditure Approach. (all figures are in billions of dollars): Item Government purchase of goods and services Exports Receipts of factor income from the rest of the world Depreciation (consumption of fixed capital) Net fixed Investments Amount ($) 1,721.6 1,096.3 382.7 990.8 688.2 Corporate income taxes Consumption expenditures Indirect business taxes 265.2 6,739.4 664.6 Imports Payments of factor income to the rest of the world Inventory change Social security contributions Undistributed corporate profits (retained earnings) Government transfer and interest payments Personal interest payments Personal taxes 1,475.8 343.7 56.5 702.7 130.3 1,366.3 286.2 1,235.7
- The table provides some data for an economy in 2017 and 2018. Calculate labor productivity in 2017 and 2018. What is the growth rate of labor productivity in 2018? >>> Answer to 2 decimal places.Can there be a condition where the value of real gross domestic product becomes equal to the nominal GDP. (b) What will be the GDP deflator in such case?What component of the GDP (Gross Domestic Product) would you classify a product or service Microsoft creates ?
- Use the table below: Government spending Social Security 20 Contributions Corporate taxes 5 Personal 8 income taxes Rent Wages 50 Gross Private Domestic Investment 54 Consumption 250 expenditures 40 Profit Indirect business taxes Imports Exports 28 transfer payments 10 5 3 Interest 5 Depreciation 10 Government 8Based on the following table Private consumption expenditure (C) Gross private investment Expenditure (1) Government Expenditure (G) Exports (X) Imports (M) Net factor income from the rest of the world 5 Depreciation 150 Indirect Taxes 60 Subsidies 40 Transfer payments to households 10 35 Personal Income Taxes 30 Undistributed dividends 20 25 15. a) Find Net National ProductGross domestic product per capita is the ratio of total gross domestic product to population.gross domestic product, a unit of timemonetary value of the final goods and services produced in the economy (let be in TL) and population, unitaccording to the number of people in that economy at the time,a) write down the unit of measure and size of the gross domestic product variable per capita. b) what is the relationship between gross domestic product per capita, total gross domestic product and population growth?Express your conclusions in a sentence by making inference