Define GDP and distinguish between a final good and an intermediate good. Provide examples.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (15 reviews)
GDP is the market value of all the final goods and services produced within a country in ...View the full answer
Answered By
Ann Wangechi
hey, there, paying attention to detail is one of my strong points, i do my very best combined with passion. i enjoy researching since the net is one of my favorite places to be and to learn. i am a proficient and versatile blog, article academic and research writing i possess excellent English writing skills, great proof-reading. i am a good communicator and always provide feedback in real time. i'm experienced in the writing field, competent in computing, essays, accounting and research work and also as a Database and Systems Administrator
4.90+
151+ Reviews
291+ Question Solved
Related Book For
Macroeconomics Canada in the Global Environment
ISBN: 978-0321778109
8th edition
Authors: Michael Parkin, Robin Bade
Question Posted:
Students also viewed these Economics questions
-
Explain and distinguish between a transaction, an event, and an arrangement.
-
Explain why job analysis is needed, and distinguish between a job description and job specifications.
-
Define the term reinforcement and distinguish between a positive and negative reinforcement.
-
Write a paper on Health-Care Fraud
-
Fresh-Cut actually processed 180,000 cases of frozen organic vegetables during the year and incurred $840,000 of manufacturing overhead. Of this amount, $610,000 was fixed. Requirements 1. What is...
-
Refer to the study of runs scored in Major League Baseball games, Exercise 12.14. Multiple regression was used to model total number of runs scored (y) of a team during the season as a function of...
-
A study found that the smartphones made by a certain manufacturer had a failure rate of 43%. Four smartphones made by this manufacturer are selected at random. Find the probability that the fourth...
-
Use the finite-difference approach with x = 1 to solve Prob. 27.1.
-
1. (25 marks) The financial year end for a large machine parts manufacturer will end in a week's time. The manager, Rebecca who is in charge of 10 salespersons is overwhelmed with work as is usual...
-
In early 2014, Paul Bills, CFO of Harvard Business Publishing (HBP), sat down with David Wan, the companys CEO, to discuss budget preparations for the coming year. Bills noted that the performance of...
-
Use a graph to illustrate the effect of each event. Dairies make low-fat milk from full-cream milk. In the process of making low-fat milk, the dairies produce cream, which is made into ice cream. In...
-
What is a business cycle and what are its phases and turning points?
-
Determine the surface area of the curb. Do not include the area of the ends in the calculation. 100 mm 150 mm 30 4 m 150 mm 150 mm
-
What are the different types of proprietary funds? Use your CAFR to discuss the proprietary funds used by your chosen government. Do any of these funds use exchange transactions? What financial...
-
A furniture company is considering investing in several projects to expand its business. The projects under consideration are (1) Lights and/or (2) Shelving. Both projects require an initial...
-
Question 8 For November 2018, COBA Ltd., a NSW-based company, has provided the following information: Monthly payment summary related to directors and senior managers: Director fees Consultancy fees...
-
Suppose that [e, e..... e] is a list of k integers. The following table defines some operations on such lists. Each operation works in 0(1) time. 07 08 Operation [] [e] 01 MERGE(left, right) 02 both...
-
What drivers of the retail industry are affecting Pick n Pay? Explain.
-
What are some of the system-related data elements and data stores that may be needed on the physical DFD that were not a part of the logical DFD?
-
The Pletcher Transportation Company uses a responsibility reporting system to measure the performance of its three investment centers: Planes, Taxis, and Limos. Segment performance is measured using...
-
In part due to the recession of 2008, the Canadian government budget changed from a smaller surplus to a deficit. What impact would this have on the net exports and private sector balances, other...
-
When the Federal Reserve Chairman Ben Bernanke repeatedly decreased the interest rate during late 2008, he was attempting to stimulate the U.S. economy by lowering the interest rates in the U.S....
-
In 2007-2008, the nominal exchange rate of U.S. dollars declined relative to both the Japanese yen and the European euro. What would you need to know about the U.S. economy to determine whether this...
-
29. You are standing on a balcony on the 15th floor of the Bank of America building in San Francisco. The balcony is 72 m above the ground; the top of the building is 52 floors (237 m) high. You...
-
(a) What is the kinetic energy in joules of a 1140-kg automobile traveling at 93 km/h? (b) How much work would have to be done to bring a 1140-kg automobile traveling at 93 km/h to a stop? 4. How...
-
A block of mass 2 kg is attached to a spring with a spring constant of 100 N/m. The block is released from rest and moves along a rough horizontal surface with a coefficient of friction of 0.2. How...
Study smarter with the SolutionInn App