GDP calculations do not include the production of illegal drugs. Why is their production not included?

Question:

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

Step by Step Answer:

Related Book For book-img-for-question

Principles Of Macroeconomics

ISBN: 9781292303826

13th Global Edition

Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster

See More Books

Question Posted: Dec 11, 2023 12:39 PM

See More Questions

List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
On January 1, Intergen, Inc., invests $200,000 for a 40% interest in Ryan, a new joint venture with two other partners, each investing $150,000 for 30% interest. Intergen plans to sell all of its...
For each of the following situations, indicate the effect on assets, net income, and retained earnings at December 3 1 , 2 0 2 0 and 2 0 2 1 as follows: O if the financial statement element is...
Adjusting and Closing Presented on the next page is the trial balance of the Crestwood Golf Club, Inc. as of December 31. The books are closed annually on December 31. Instructions (a) Enter the...
In this problem, you are to show that the generalized form of Ampres law (Equation 32-4) and the Biot Savart law give the same result in a situation in which they both can be used. Figure shows two...
In April, Cranson was asked to invest in a new business corporation that was about to be created. He agreed to purchase stock and to become an officer and director. After his attorney advised him...
People have proposed driving motors with the earth's magnetic field. This is possible in principle, but the small field means that unrealistically large currents are needed to produce noticeable...
Impact of Transactions Involving Treasury Stock on Statement of Cash Flows From the following list, identify each item as operating (O), investing (I), financing (F), or not separately reported on...
(a) Sketch the following signal a[n]: 0, Jan ={ on(in) snst else (3 points) (9) (b) Is this signal (i) even, (ii), odd, (iii) neither? Clearly state your reasons. (2 points) (c) Prove that for any...
The following table gives some figures from forecasts of real GDP (in 2009 dollars) and population done in 2018 According to the forecasts, approximately how much real growth will there be between...
In 2014, New Zealand changed its method of calculating real GDP growth rate, substituting fixed weights with chain weights. What might explain such a change in method? Are the differences between the...
The companys effective tax rate was highest in: A. 2005. B. 2006. C. 2007. Note I Income Taxes The components of earnings before income taxes are as follows ($ thousands): Earnings before income...
Explain. Simulations do not interfere with the realworld system. This is one of the reasons for their popularity.
How were supplemental carriers and Capital Airlines responsible for early price (fare) competition?
What does the demand curve show?
What are the required steps for setting up a simulation model?
After a control chart (for means) has been developed, samples are taken and the average is computed for each sample. The process could be considered out of control if a. one of the sample means is...
Define what is meant by a data store in a process model. How should a data store be named? What information about a data store should be stored in the CASE repository?
A container holds 2.0 mol of gas. The total average kinetic energy of the gas molecules in the container is equal to the kinetic energy of an 8.0 10-3-kg bullet with a speed of 770 m/s. What is the...
On November 9, 2011, the European Central Bank acted to decrease the short-term interest rate in Europe by one-fourth of a percentage point, to 1.25 percent, and additional cuts were made over the...
Illustrate each of the following situations with a graph showing AS and AD curves, and explain what happens to the equilibrium values of the price level and aggregate output: a. A decrease in G with...
In the tiny island nation of Bongo, the nations wealth is broken down as follows: 50 percent is cash in checking and savings accounts, 25 percent is housing, and 25 percent is stock holdings. Last...
Let the whole represent a distance from A to B. Find the value that is 1/3 of the whole. Mark and label it's approximate position on the given number line. b) 0 A + B12 B12 ignal
8) 5x+6y=6 a) chatis the x intercept b) what is the y intercept c) write the equation in Sope-intercept form = d) what is the stage of the line e) 4 -S -43 2 " - 3 2 -2+ - -3+ -4 -5 2 3 4 5
Let f(x)= x^2-2x+3 and g(x)= 3x+5. a. g(-1)= b. When f is evaluated at this resulting output value, What will be the result .

GDP calculations do not include the production of illegal drugs. Why is their production not included?

Question:

Step by Step Answer:

The production of illegal drugs is not included in GDP calculations for several reasons 1 Legality T...View the full answer

Principles Of Macroeconomics

Students also viewed these Business questions