Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply. Transaction Ford sells a Mustang from its inventory to the Martinez family. Uncle John receives a check from the federal government for unemployment insurance benefits. You pay a hairdresser for a haircut. Uncle John orders 10 new computers for his finance business. Ford manufactures a Focus and adds it to its inventory. Your parents buy a bottle of French wine. California hires workers to repave Highway 101. Uncle Henry buys a new refrigerator from a domestic manufacturer. Consumption Investment ■ O 00 0 0 Government Purchases 0 U ☐ ☐ U Net Exports 0 0 00 0

Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply. Transaction Ford sells a Mustang from its inventory to the Martinez family. Uncle John receives a check from the federal government for unemployment insurance benefits. You pay a hairdresser for a haircut. Uncle John orders 10 new computers for his finance business. Ford manufactures a Focus and adds it to its inventory. Your parents buy a bottle of French wine. California hires workers to repave Highway 101. Uncle Henry buys a new refrigerator from a domestic manufacturer. Consumption Investment ■ O 00 0 0 Government Purchases 0 U ☐ ☐ U Net Exports 0 0 00 0

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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16. Write the name of the three missing categories of expenditure that contribute to a country's GDP. exports Draw a picture that accurately represents each category. Several pictures or categories are already filled in for you. consumption + 1 + = + GDP
Which of the following are included in this year’s GDP? Which are excluded or included. a. Interest received on an AT&T corporate bond: b. Social Security payments received by a retired factory worker: c. Unpaid services of a family member who painted the family home: d. Income of a dentist from the dental services she provided: e. A monthly allowance that a college student receives from home: f. Money received by Josh when he resells his nearly brand-new Honda automobile to Kim: g. The publication and sale of a new college textbook: h. An increase in leisure resulting from a 2-hour decrease in the length of the workweek, with no reduction in pay: i. A $2 billion increase in business inventories: j. The purchase of 100 shares of Alphabet (the parent company of Google) stock:
1 B Back to Assignment Attempts 0.7 Keep the Highest 0,7/1 1. Ch. 15 Problems and Applications Q1 Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply. Transaction Texas hires public middle school teachers. You pay a hairdresser for a haircut. Uncle John orders 10 new computers for his finance business. Ford sells a Mustang from its inventory to the Martinez family. Uncle John receives a check from the federal government for unemployment Insurance benefits. Ford manufactures a Focus and adds it to its inventory. You purchase a box of Belgian chocolate. Uncle Henry buys a new refrigerator from a domestic manufacturer. Consumption Investment COD Grade It Now Government Purchases Net Exports a B Save & Continue Continue without saving
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Question 34 Which of the following would be not be included in the GDP of the U.S.? There is more than one correct answer to this question. You must mark all of the correct answers to receive full credit for this question. Your neighbor sells a bicyde that he purchased two years ago. O LG Chem (a Korean firm) makes batteries in the u.S. and sells them to General Motors (a U.S. firm) in the U.S. o Tesla (a U.S. firm) makes a car in China and sells it there. Honda (a Japanese firm) produces cars in the U.S. and sells them here. O Pízer (a U.S. company) makes a vaccine in Germany and sells it in Sweden. Question 35 Assume there is a reduced time preference to spend now. What change would be expected in the market for loanable funds? The supply of loanable funds would increase. O The demand for loanable funds would decrease. o The demand for loanable funds would increase. o The supply of loanable funds would decrease.
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A. The table below shows the national income of a country in 2012. Use the data to answer the questions that follow: ITEMS $ MILLIONS Personal Consumption Expenditure 640.00 Gross private Domestic Investment 180.00 Government Expenditure 220.00 Exports of goods and services 175.00 Imports of goods and services 202.00 Subsidies 48.00 Indirect business taxes 322.00 Consumption of fixed capital 115.00 Net property income from Abroad 80.00 i. Define Gross Domestic Product (GDP ii. Calculate the: a. Gross Domestic Product (GDP) b. Gross National Product (GNP)
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