Why does GDP omit the sales of used goods? Of financial transactions? Of government transfer payments?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

See More Books

Question Posted: Feb 12, 2016 07:12 AM

See More Questions

Answer the following questions about GDP: a. What is the definition of GDP? b. Why does GDP measure only the final value of goods and services? c. Why does GDP measure only the value of goods and...
Why are the sales of used goods omitted from GDP?
Why does GDP equal aggregate income and also equal aggregate expenditure?
What types of costs are associated with a Stance" sock vending machine located in an airport? At Cleveland Hopkins International Airport in northeastern Ohio, a vending machine that dispenses socks...
Procter & Gamble has brands such as Tide, Pampers, and Gillette. A partial income statement from its annual report for the fiscal year ending in June 30, 2011, showed the following actual numbers and...
For each pair of bonds, which has the greater strength? Briefly explain why. a. b. c. d. CH,-Cl or CH,-Br CH,CH2CH2 or CH,CHCH3 CH, CH or CH, CH,CH, I-Br or BrBr
If a PV array has a maximum power output of $10 \mathrm{~W}$ under an insolation level of $600 \mathrm{~W} / \mathrm{m}^{2}$, what must the insolation be to achieve a power output of \(17...
Portions of the financial statements for Alliance Technologies are provided below. Portions of the financial statements for Alliance Technologies are provided below. Required: Prepare the operating...
How do power imbalances, whether structural or interpersonal, impact the dynamics of conflict resolution processes, and what strategies can be employed to address these imbalances and promote...
A rectangular cast-iron column 16.0 cm x 16.0 cm x 4.50 m supports a weight of 7.95 x 106 N. Find the stress on the top of the column.
The manuscript for this book was keyed by the author. Had he hired someone to do the keying, GDP would have been higher than it was. What other activities would increase GDP if they were done...
A business firm produces a good this year that it doesnt sell. As a result, the good is added to the firm's inventory. How does this inventory good find its way into GDP?
What other variables do you think might better explain the demand for auto-mobiles in the United States?
Why is Earth science an integrated science?
What kind of rock is most common in the oceanic crust? In the continental crust?
Relate the saying What goes up, must come down to the water cycle.
How would GPS technology have been helpful to Alfred Wegener?
Why do mountains rise in the mantle as they erode? What principle of Earth science explains this process?
Justify each answer. Assume that all matrices here are square. (T/F) If A 3 = 0, then det A = 0.
CLASS PERIO Solving Linear Equations: Variable on Both Sides Solve each equation. 1) 6r+ 7 = 13 + 7r 3) -7x-3x+2=-8x-8 5)-14 +66+7-26=1+5b 7) n-3n = 14-4n 2) 13-4x=1-x 4)-8-x= x - 4x 6)n+2=-14-n 8)...
A sum of money Q will be received 6 years from now. At 5% annual interest the present worth now of Q is $60. At the same interest rate, what would be the value of Q in 10 years?
In 1995 an anonymous private collector purchased a painting by Picasso entitled Angel Fernandez De Soto for $29,152,000. The picture depicts Picasso's friend Desoto seated in a Barcelona cafe...
(a) If $100 at Time "0" will be worth $110 a year hence and was $90 a year ago, compute the interest rate for the past year and the interest rate next year. (b) Assume that $90 invested a year ago...
Company: Anti spill cup company Competition analysis : Who are your competitors? Make a list of your potential competitors and rank them from least to most competitive. List the advantages your...
Henna Company produces and sells two products, Carvings and Mementos. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This...
Estimate the limit 29- lim t-2 -2x-4 x + 2x

Why does GDP omit the sales of used goods? Of financial transactions? Of government transfer payments?

Question:

Step by Step Answer:

All these transactions are omitted from GDP because they transfer existing reso...View the full answer

Economics

Students also viewed these Economics questions