Which contributes more to GDPthe production of an economy car or the production of a luxury car?

Question:

Which contributes more to GDP—the production of an economy car or the production of a luxury car? Why?

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

Step by Step Answer:

Related Book For book-img-for-question

Essentials of Economics

ISBN: 978-1337091992

8th edition

Authors: N. Gregory Mankiw

See More Books

Question Posted: May 25, 2018 03:48 AM

See More Questions

Which contributes more to GDPthe production of a pound of hamburger or the production of a pound of caviar? Why?
1- The production of linen requires twice as much land and labor as the production of an equivalent amount of cotton. Nevertheless, linen is a staple material utilized in designer clothing, such as...
Multiple Choice Questions: 1. Which of the following is the most accurate statement about a production possibilities curve? a. An economy can produce at any point inside or outside its production...
3. Six Sigma College of Business offers five different courses of study. The planned enrollment in each course is 25 students. Registration for the upcoming semester of study has been recently...
1. Minimize 7x + 5y + 4z subject to 2. Maximize 20x + 30y subject to ( 3x + 8y + 9z = 75 x + 2y + 5z 2 80 4x + y + 7z z 67 (xz 0, y2 0, z20. (7x + 8y < 55 +2 78 < 25 (xz0, yz 0.
For each of the following, calculate x, 2x, and x by using the formulas given in this section. Then (l) interpret the meaning of fig, and (2) find the probability that X falls in the interval [x ...
What pressure, $p_{1}$, is needed to produce a flowrate of 0.09 $\mathrm{ft}^{3} / \mathrm{s}$ from the tank shown in Fig. P3.92? Figure P3.92 Air P1 T Gasoline 2.0 ft Salt water SG = 1.1 0.06-ft...
Assume that your aunt sold her house on December 31 and that she took a mortgage in the amount of $10,000 as part of the payment. The mortgage has a quoted (or nominal) interest rate of 10 percent,...
A worker lifts a 20.0-kg bucket of concrete from the ground up to the top of a 20.0-m tall building. The bucket is initially at rest but is traveling at 4.0 m/s when it reaches the top of the...
Macon Machines Company began operations on November 1, 2024. The main operating goal of the company is to sell high end robots. Customers may pay using cash or if appropriate, credit is extended to...
A farmer sells wheat to a baker for $2. The baker uses the wheat to make bread, which is sold for $3. What is the total contribution of these transactions to GDP?
Explain why an economys income must equal its expenditure.
An ideal diesel cycle using air as the working fluid has a compression ratio of 15. The energy input is idealized as a transfer of energy as heat to the working fluid of 1650 kJ/kg. The inlet...
Braile Gear Works sells a single gear for a price of $73.00 per unit. The variable costs of the gear are $41.00 per gear and annual fixed costs are $548,800. Required: a. What is the break-even level...
Ferdinand ran a pie shop in a busy metropolis. He sold his fresh pies for $7, but it cost him $2.50 to make each of them. The cooking equipment in his shop cost him $46,000. How many pies does...
Evaluate the effectiveness of the 3 leadership models (autocratic, bureaucratic and laissez-faire), efficiency, lack of efficiency, and why or why not.?
The following data reports on the July production activities of the Molding department at Ash Company. Beginning work in process Direct materials Conversion Costs added this period Direct materials...
Consider: BSL Racket has a function named modulo, that can be described as follows: Assume you have defined a named constant SCENE-HT , to be used as the height of sunset scenes in your program....
Describe the points (if any) at which a rational function fails to be continuous.
Big Jim Company sponsored a picnic for employees and purchased a propane grill equipped with a standard-sized propane tank for the picnic. To make sure there was enough propane for all the cooking...
Over a long period of time, the price of a candy bar rose from $0.10 to $0.60. Over the same period, the consumer price index rose from 150 to 300. Adjusted for overall inflation, how much did the...
Explain the meaning of nominal interest rate and real interest rate. How are they related?
Explain the meaning of nominal interest rate and real interest rate. How are they related?
A 2-meter-tall basketball player attempts a goal 12.4 meters from the basket that is 3.05 meters high. If he shoots the ball at a 55 angle, at what initial speed must he throw the basketball so that...
Find the following. 2. 3 y(t) + 3y(t) 3+ = x(t) + 3 x(t) 3. y(t) - 1/2 y(t) x(t) = dt d 4. dt d 5. dt y(t) + 1/2 y(t) + y(t) y(t) + 1/2 y(t) = x(t) + x(t) = x(t)
1. Who are the people affected by rsum truth decisions? 2. Why might a job seeker have a duty to blur parts of his or her work history? 3. Why might an egoist lie on the rsum, and why not? 4. Does an...

Which contributes more to GDPthe production of an economy car or the production of a luxury car?

Question:

Step by Step Answer:

The production of a luxury c...View the full answer

Essentials of Economics

Students also viewed these Business questions