Explain what double counting is and discuss why GDP is not equal to total sales.
Question:
Explain what double counting is and discuss why GDP is not equal to total sales.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 84% (13 reviews)
Double counting occurs when intermediate goods are counted directly in c...View the full answer
Answered By
Tamil Elakkiya Rajendran
I'm currently involved in the research in the field of Biothermodynamics, Metabolic pathway analysis and computational Biology. I always prefer to share my knowledge whatever I have learnt through my degree whenever time permits.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Principles of Macroeconomics
ISBN: 978-0134078809
12th edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
Question Posted:
Students also viewed these Business questions
-
Q1. On the balance sheet, double counting a portion of ending inventory will result in (understating / having no affect on / ________) ending inventory and (understating / having no affect on /...
-
1. What do we add to GDP to reach GNP? a. Net income earned abroad by U.S. households b. Personal income c. Depreciation d. Net exports 2. What is the largest component of national income? a....
-
The Company Lalo Company, headquartered in Vaduz, is a company listed in Amsterdam, Paris and Zurich. It is the third largest small home appliance manufacturer in Europe. The company was founded in...
-
For the following project please follow the below guidelines unless otherwise stated by your instructor. Worth 20% of the total grade. Read and follow all instructions in order to receive full...
-
Describe the concept of a realized rate of return as if you were explaining it to your grandfather, who has never had a finance class.
-
The information provided in this test allows you to set up all ledgers for an Ontario company named DERMAL DECOR. Dermal Decor specializes in high quality aesthetic body art with sterile equipment....
-
Selling at below-market prices is not the only means of putting a competitor out of business. A firm might also seek to hire individuals that have rare talents or skills, not for that firms own...
-
Bath Iron Works (BIW) offered a job to Thomas Devine, contingent on Devines passing a drug test. The testing was conducted by NorDx, a subcontractor of Roche Biomedical Laboratories. When NorDx found...
-
nx 1. A wave given by equation y = 1mm sin -5nt is produced in a string 100m long of mass 1 kg. 30 2. 3. What is the tension (in N) in string? x is in m & t in sec. You are trying to construct a...
-
John Campbell, an employee of Manhattan Construction Company, claims to have injured his back as a result of a fall while repairing the roof at one of the Eastview apartment buildings. He filed a...
-
According to the National Bureau of Economic Research (NBER), what has been dubbed the Great Recession officially began in December, 2007 and ended in June, 2009. During this recession, national...
-
In a simple economy, suppose that all income is either compensation of employees or profits. Suppose also that there are no indirect taxes. Calculate gross domestic product from the following set of...
-
The amount of light f(d) (in milliwatts per square centimeter) of a 50-watt light bulb at a distance d centimeters from the bulb is described by the equation f(d) = 8910d-2. a. Simplify the...
-
Prepare cash flow statement using the indirect method for deluxe dining for the current year.? Additional Information:? a. All depreciation and amortization for both companies are related to net...
-
Find the values of m and c of the equation Y=mx+c using gradient decent for the wwwwwww data table given as follows Xi Yi 1 1 3 3 5 4 7 3 9 5 25 16
-
Suppose you have two projects A and B which run for four periods. A has a cashflow stream of {-5, 0, 2, 1, 4), and for B it is {-2, 2, -2, 4, -1}. By discounting at 5% per period, which project do...
-
Consider the matrix A = -2 -1 - (1) The eigenvalues of A are: (2) The eigenvectors of A are: 12 5
-
Consider an orbital angular momentum I (I is an integer and positive or zero) and a spin s with s = 1/2. The tensor product II, ml; s. ms > = l, ml> |s, ms> is then a basis of the state space, which...
-
If you were the manager of this plant, what would you do to achieve both high employee satisfaction and high performance?
-
Anna, a high school counselor, devised a program that integrates classroom learning with vocational training to help adolescents at risk for school dropouts stay in school and transition to work...
-
People engaged in the hospitality sector usually receive lower wages, and tips make up a certain percentage of their income. However, some occupations in a hotel may provide considerably lower daily...
-
Simon likes to watch movies and his Internet service provider offers streaming movies on a pay-per-view basis for $3 each. The provider also offers a service for unlimited streaming of movies for $15...
-
The issue of asymmetric information in news reporting has acquired greater importance in the age of the Internet. In 2013, the Oxford Internet Survey reported that traditional media like TV and the...
-
Southern Store Ltd. is a retail store operating two departments. The company maintains a Memorandum Stock Account and Memorandum Mark-up Account for each of the departments. Supplies issued to the...
-
a. You are walking through a hardware store and notice two sales on tubing. 3 yards of Tubing A costs $5.49. Tubing B sells for $1.88 for 2 feet. Either tubing is acceptable for your project. Which...
-
Income and Expenses Salary Employees' Provident Fund (EPF) 1. Particulars regarding John and his wife are as follows: Wife RM25,000 RM2,000 John RM85,000 RM6,000 LIP RM3,500 RM1,200 Books and...
Study smarter with the SolutionInn App