What are the four categories of expenditures included in GDP? Briefly describe each.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
Consumption purchases by consumers Investment purchases by ...View the full answer
Answered By
Susan Juma
I'm available and reachable 24/7. I have high experience in helping students with their assignments, proposals, and dissertations. Most importantly, I'm a professional accountant and I can handle all kinds of accounting and finance problems.
4.40+
15+ Reviews
45+ Question Solved
Related Book For
Macroeconomics
ISBN: 9780132109994
1st Edition
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
Question Posted:
Students also viewed these Chemical Engineering questions
-
What are the four conditions that create deadlock?
-
What are the four processes that make up the Carnot cycle?
-
What are the four primary consumable arc-welding processes?
-
The following items are dropped from an airplane. Rank them in order from lowest terminal speed to highest and justify your ranking. (a) Bowling ball (b) Beach ball (c) Spear or javelin (pointing...
-
In January 2012, Klemtu Inc. (Klemtu) purchased a new piece of equipment that was expected to increase the efficiency of the company's production process and the quality of its output. The equipment...
-
Assuming that the variables a, b, c, d, and f are scalars, write MATLAB statements to compute and display the following expressions. Test your statements for the values a = 1.12, b = 2.34, c = 0.72,...
-
Recall that the density of a gamma distribution with shape parameter \(\alpha\) and scale parameter \(\theta\) has a density given by \(\mathrm{f}(y)=\) \(\left[\theta^{\alpha} \Gamma(\alpha)...
-
Harvey Inc. uses a standard cost system for labor. Standard costs for material cannot be used because customers require unique materials and all jobs are different sizes. One of the companys jobs...
-
Executive SummaryBrief background on the Nike business and their social media efforts, their Competitor Analysis.
-
Use the data in WAGE 1 .RAW for this exercise. (i) Find the average education level in the sample. What are the lowest and highest years of education? (ii) Find the average hourly wage in the sample....
-
The chapter states that households own all the factors of production in the economy and receive income from them. Explain why this is true.
-
What is the difference between GDP and GNP? Briefly explain whether the difference is important for the United States.
-
This Active Model appears in myomlab. It allows you to evaluate the sensitivity of the EOQ and associated costs to changes in the demand and cost parameters. QUESTIONS 1. What is the EOQ and what is...
-
Alvarado Apps, Inc. owned real and tangible personal property valued at $3,000,000 at the beginning of the year and $3,400,000 at the end of the year. It also leased real property for $100,000. In...
-
Ethylene (C2H4) at 100C and 1 bar passes through a heater and emerges at 200C. Calculate the change in exthalpy per mole of ethylene that passes through. You may assume ideal gas behavior. The...
-
Burgess Fabricators, Inc. did business in and is subject to the tax of State 1 and State 2, where it had its commercial domicile. It had the following nonbusiness income for the year: $15,000 in net...
-
Make a list of 10 prominent entrepreneurs who are women, minorities, or seniors (55 years or older when their firms were started). Single out one of these entrepreneurs and provide a brief overview...
-
In December 2015, Apple had cash of $38.42 billion, current assets of $76.47 billion, and current liabilities of $76.29 billion. It also had inventories of $2.45 billion. a. What was Apples current...
-
In 1938, sandals woven from strands of tree bark were found in Fort Rock Creek Cave in Oregon. The bark contained 34% of the level of 14C found in living bark. Approximately how old were the sandals?
-
Catherine (aged 42) and Johnson (aged 45) have been married for 12 years. Johnson is a project manager of an event company at a monthly salary of $55,000 with an additional one-month salary of...
-
Over a period of four and half years an investment grows to $ 2 0 , 0 0 0 . ( a ) If money in this investment accummlated at a simple interest rate of 8 % , what was the initial amount for the...
-
It is December 3 1 , 2 0 2 3 . Lincoln has an asset ( Basis $ 1 0 , 0 0 0 ; FMV = $ 4 0 , 0 0 0 ) . The gainon the asset is subject to depreciation recapture and will result in $ 3 0 , 0 0 0 in...
-
Define and explain the four basic functions that constitute the management process? What is a partnership? List four advantages and disadvantages of operating a business as partnership? Give an...
Study smarter with the SolutionInn App