GDP: a. Is the dollar value of all the final goods and services produced within the borders

Question:

GDP:

a. Is the dollar value of all the final goods and services produced within the borders of a nation.

b. Includes intermediate and final goods and services.

c. Minus an allowance for depreciation of fixed capital equals GNP.

d. Is a less-than-perfect measure of social well-being because it does not include exports and imports.

e. All of the above.

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

Step by Step Answer:

Related Book For book-img-for-question

Survey Of Economics

ISBN: 9780357720806

11th Edition

Authors: Irvin B. Tucker

See More Books

Question Posted: Dec 27, 2023 08:45 AM

See More Questions

a. The income-based estimate of Metrica's GDP is $1 b. The expenditure-based estimate of Metrica's GDP is $ billion. billion. c. The value of the statistical discrepancy which is added to the lower...
1. Rosendo Reyes is a 22-year old employee with a monthly salary of P16,000. He intends to marry at the age of 30 and desires to have accumulated by then a portfolio value that will yield earnings at...
Design a double sampling plan that has a producers risk of 0.05 with AQL 2.5% and consumers risk of 0.10 with LQL 7.0%. The lot size is planned to be 2800 and sample sizes are assumed to be equal....
Assume a portfolio of two assets with the following total value (Al) covariance matrix 1 -0.5 -0.5 1 The sum of the 99% component VaRs of the two assets is:
What is the force (magnitude and direction) on an electron with velocity v = (2i 3j) 106 m/s in a magnetic field B = (0.8i + 0.6j 0.4k) T?
An object is shot straight upward from sea level with an initial velocity of 400 ft / sec. a. Assuming that gravity is the only force acting on the object, give an upper estimate for its velocity...
Journal entries for buyer and seller perpetual inventory system The following are selected transactions of Watsonia Stores: Required (a) Assuming that neither business is registered for GST, record...
The controller of Trenshaw Company wants to improve the companys control system by preparing a month-by-month cash budget. The following information is for the month ending July 31, 2012. June 30,...
1. Letter of the word INDIANOIL are arranged in all possible ways. The number of permutations in which A, I, O occur only at odd places, is : (a) 720 2. (b) 360 (c) 240 (d) 120 How many different...
Nancy Nanny opened a child-care facility on January 1, Year 1. Use the Chart of Accounts below to complete the requirements on the following pages for Nancy Nanny Child Care. NANCY NANNY CHILD...
If the illegal drug trade was legalized what would happen to GDP?
Which of the components of GDP must increase if we are to experience greater rates of economic growth?
In Exercises 5 through 20, determine where the given function is increasing and decreasing and where its graph is concave upward and concave downward. Sketch the graph of the function. Show as many...
Consider the following two choices: 1. You have to choose between losing $\$ 7400$ for sure, and a risky alternative, whereby you lose $\$ 10,000$ with probability 0.75 and nothing with...
There is a strong correlation between tobacco smoking and incidence of lung cancer, and most physicians believe that tobacco smoking causes lung cancer. Yet, not everyone who smokes gets lung cancer....
Which of the following describes the charges on the droplets that end up in the five tubes, moving from left to right? A. $+2 q,+q, 0,-q,-2 q$ B. $+q,+2 q, 0,-2 q,-q$ C. $-q,-2 q, 0,+2 q,+q$ D....
Find a news report concerning an ongoing legal case, either civil or criminal, in which establishing causality is important to the outcome. Briefly describe the issue of causation in the case and how...
Charge $q$ is fired through a small hole in the positive plate of a capacitor, as shown in Figure Q21.2. a. If $q$ is a positive charge, does it speed up or slow down inside the capacitor? Answer...
The Treasury bill rate is 4%, and the expected return on the market portfolio is 12%. Using the capital asset pricing model: a. Draw a graph similar to Figure showing how the expected return varies...
1) The government decided to reduce taxes on fast-food to increase revenue. The government assumes that fast-food products have a) An inelastic demand b) An elastic demand c) A demand curve that is...
The following table provides fictional 2018 data for the Island of Hot Air. What was the Island of Hot Airs GDP in that year? Category Household spending Investment spending by firms Government...
Consider a typical worker, an unemployed worker who got divorced and had heart-bypass surgery in the same year, and a blissful retiree. The typical worker produces about $110,000 worth of output each...
Identify each of the following as an intermediate good or a final good. a. A toothbrush b. Helium sold to a circus to fill balloons c. Glass sold to Samsung to make into cell-phone screens d. Flour...
You can easily show that Gauss' law holds for the flux of the electric field of a point charge q at the origin if we pick a spherical Gaussian surface centered about the point charge, i.e. = dor = =...
A baseball is hit by a bat and given a velocity of 40.0 m/s at an angle of 30.0 above the horizontal. The height of the ball above the ground upon impact with the bat is 1.0 m. (a) What maximum...
A child is tobogganing down a hillside. The child and the toboggan together have a mass of 50.0 kg. The slope is at an angle of 30.0 to the horizontal. Find the acceleration of the child a) in the...

GDP: a. Is the dollar value of all the final goods and services produced within the borders

Question:

Step by Step Answer:

a Is the dollar val...View the full answer

Survey Of Economics

Students also viewed these Business questions