Question: QUESTION 6 Intermediate goods are counted in GNP but not in GDP. are counted in GDP, capital goods are not are not counted in GDP

QUESTION 6 Intermediate goods are counted in GNP but not in GDP. are counted in GDP, capital goods are not are not counted in GDP because they are not newly produced. are not counted in GDP because they are completely used up in the production of other goods. QUESTION 7 Holding other things constant, an increase in real interest rate shifts the current labor supply curve to the current output the right; raises left: raises left; lowers right; lowers

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

uff Wheels has forecast the demand and the cost project for a new product to be added to its small motorized vehicle line for children. The new product is called the Kiddy Dozer. It will look like a...

Choose the correct statement. Question 1 options: The lower the MPC, the lower is government spending multiplier, the lower the change in real GDP. The lower the MPS, the lower is government spending...

In the long run, the most important factor shifting the aggregate supply (AS) curve is aggregate demand (AD). a change in consumer confidence. productivity growth. inflation. Question Gross domestic...

Nominal GDP is the market or money value of all final goods and services produced by the economy in a given year, whereas real GDP is adjusted for inflation. O adjusted for inflation, whereas real...

1 7 3 points 0 1 : 4 3 : 4 4 a . Economists include only final goods and services when measuring GDP because if intermediate goods were counted, then prices would be overstated. if intermediate goods...

Use the following table to calculate the 6 national income aggregates. Calculate Gross Domestic Product (GDP) using the expenditure approach. ***In the table below statistical discrepancies is...

interest paid by busiensss is: not counted in GDP but counted in GNP , not counted in GDP bec it is not assumed to flow from production of goods and services, included in both GDP and national...

Pick one answer for each National income accountants compare the market value of the total outputs in various years rather than actual physical volumes of production because it is impossible to add...

Why do economists distinguish between real and nominal GDP ? a ) To measure the price level of an economy. b ) To account for the effects of inflation and ensure that the increase in GDP is due to...

QUESTION 1 According to the U.S. Bureau of Labor Statistics, the term "employed" includes all full time workers and part-time workers. True False QUESTION 2 An economy could produce above its...

QUESTION 3 1. The goods produced in a given year but kept in inventories for later sale a. are treated as intermediate goods and, therefore, are not included in the GDP. b. are valued at cost and...

Find F(s). L{(1 e' + 4e26)cos(5t)} -2t)cos(5t)} F(s) =

How many and which values, of the quantum number J can an atom possess in the state with quantum numbers S and L equal respectively to (a) 2 and 3; (b) 3 and 3; (c) 5/2 and 2?

p 3 of 3 Show all images Show all images Show all images done loading

please show work so i can study please Last year Lexington had sales of $606,000 and paid taxes of $50,000. Because of the low interest rate environment, the firm also borrowed some money from the...

Research provides evidence that organisations that invest in Diversity and Inclusion are more innovative in the long run and outperform organisations that do not. Critically evaluate the...

Would you have done anything differently? Provide a rationale for your choices.

Describe the nature of institutional changes in the Italian schooling system. How did these have an impact on the school in question?