Why are the sales of used goods omitted from GDP?

Question:

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

Step by Step Answer:

Related Book For book-img-for-question

Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

See More Books

Question Posted: Feb 12, 2016 07:11 AM

See More Questions

Why does GDP omit the sales of used goods? Of financial transactions? Of government transfer payments?
Answer the following questions about GDP: a. What is the definition of GDP? b. Why does GDP measure only the final value of goods and services? c. Why does GDP measure only the value of goods and...
Multiple Choice Questions: 1. Which of the following will be counted as part of this years U.S. GDP? a. Goods produced last year but not sold until this year. b. Goods produced this year by an...
Select the meso compound in the 1 point choices below: * >OH >H rggrr554 CH,OH CH,OH ffffhfghgt
The accrual of previously unrecorded revenues is the mirror image of the accrual of previously unrecorded expenses. Explain by using an illustration.
Calculate the maximum velocity of slider B if the system is released from rest with x = y. Motion is in the vertical plane. Assume that friction is negligible. The sliders have equal masses, and the...
Let $R_{j}^{2}$ be the coefficient of determination when we regress the $j$ th regressor on the other $k-1$ regressors. Show that the $j$ th variance inflation factor may be expressed as...
Calculating Required Savings a proposed cost-saving device has an installed cost of $540,000. The device will be used in a five-year project but is classified as three-year MACRS property for tax...
complex, yet a critical part of getting a product or service to the direct user. No amount of marketing will make up for the inability to obtain a desired item. This week's required resource is the...
A 10-bit ripple counter has a 256-kHz clock signal applied. (a) What is the MOD number of this counter? (b) What will be the frequency at the MSB output? (c) What will be the duty cycle of the MSB...
Give an example that illustrates double counting.
If country As GDP is higher than country Bs GDP, does it follow that country A has a higher per-capita GDP than country B? Why or why not?
Find sets of (a) Parametric equations (b) Symmetric equations of the line through the two points (if possible). (For each line, write the direction numbers as integers.) (0, 4, 3), (1, 2, 5)
The authority of a court, as granted by a constitution or legislative act, is known as the courts: a. mandate c. territory b. jurisdiction Write the letter of your c hoice i n t he a nswer c olumn.
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn. The Federal Trade Commission does not have jurisdiction over advertisements that appear...
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. A bailment cannot generally be created without the agreement of both bailor and bailee.
Unenforceable obligations that people have to one another are considered to be an aspect of: a. moral l aw c. the law of unenforceable promises b. the law merchant Write the letter of your c hoice i...
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. When fungible goods are stored, the identical goods must be returned.
The given angles are approximate find for 0 < 360. csc = 8.09
After looking at the resources, explain what a spirit image is. Why might looking at a god and/or a human in terms of their spirit be helpful if you want to eliminate some of the divisions between...
Fifty years ago, Grandma Bell purchased a set of gold plated dinnerware for $55, and last year you inherited it. Unfortunately a house fire at your home destroyed the set. Your insurance company is...
Your boss is the director of reporting for the Athens County Construction Agency (ACCA). It has been his job to track the cost of construction in Athens County. 1\venty-five years ago he created the...
An refinisher of antiques named Constance has been so successful with her small business that she is planning to expand her shop with all new equipment. She is going to start enlarging her shop by...
Solve the triangle shown to the right. Round the lengths of sides to the nearest tenth and angles to the nearest degree. 96 b=5 a=7 B A C C9.0 (Do not round until the final answer. Then round to the...
Hello, need help with making the program MealData.txt Avocado Egg Rolls 6.00 Parmesan-crusted Chicken 19.75 Strawberry Shortcake Pizookie 8.25 BBQ Tri-Tip Sliders 12.95 Spicy Peanut Chicken with Soba...
Assume you have been appointed to develop ethnic and multicultural marketing for a small chain of household appliance stores in large metropolitan area. There are several large concentrations of...

Why are the sales of used goods omitted from GDP?

Question:

Step by Step Answer:

Used goods are those goods which have been produced an...View the full answer

Economics

Students also viewed these Economics questions