firm manufactured a computer hard desk and keyboard and sell to a computer manufacturing firm for $100 and $50 respectively. The computer manufacturing firm uses the hard desk and keyboard and produced a computer and sold for $500. What is the total contribution of these transactions to GDP

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A: Answer: option d (The rent was included in GDP, the purchase of the condominiums are not included)…

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A: Gross Domestic Product is the final value of goods and services produced in the economy during a…

Q: A farmer sells wheat to a baker for $2. The baker uses the wheat to make bread, which is sold for…

A: Intermediate goods are the goods used to create another product. Intermediate goods are inputs in…

Q: Arthur sells $100 worth of cotton to Bob. Bob turns the cotton into cloth, which he sells to Camille…

A: Gross domestic product is the sum of value of final goods and services produced in the economy…

Q: Suppose Nucor Steel sells $2,000 worth of steel to Ford, other producers sell $5,000 worth of other…

A: Answer: GDP refers to the value of only final goods and services produced in a year. It does not…

Q: Which of the following WOULD be counted in GDP? Baking a cake for a family gathering Buying some…

A: GDP stands for Gross Domestic Product of the economy. It is the final value of goods and service…

Q: n 2015, a producer of wine purchased ingredients for $1 million, labor for $0.5 million, and…

A: Given: Purchase of ingredients=$1 million Labor=$0.5 million Equipment=$0.5 million

Q: A local shoe making firm purchase leather for $500, thread for $100 and other materials for $200. Tł…

A: Gross Domestic Product is the monetary value of all finished good and services produced during a…

Q: Arthur sells $100 worth of cotton to Bob. Bob turns the cotton Into cloth, which he sells to Camille…

A: In an economy, value added method is one of the way to compute the overal income or contribution of…

Q: Which of the following are included in this year’s GDP? Which are excluded or included.        a.…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: Which of the following transactions count towards GDP? Buying a used car from your friend. Buying a…

A: GDP (Gross Domestic Product) refers to value of all goods and services produced within the country's…

Q: explain why National income accountants only include the market value of final tangible goods and…

A: The GDP is the complete of all worth added made in an economy. The worth added implies the worth of…

Q: Billions of Dollars Gross private domestic investment $2,200 Depreciation $1,887 Exports $2,820…

A: Answer: GDP calculation by expenditure approach: This approach measures the GDP as a sum of total…

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A: Gross domestic product or income refers to the total market value of goods and services produced…

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A: In economics investment meaning is different from accounting sense, It means addition to capital…

Q: During 2009, the leather company produced enough leather for 20 couches.  The couch manufacturing…

A: GDP: The GDP is the value of all finished goods and services or products produced in the economy…

Q: Which of the following items are included in GDP? For those items not included, explain why they are…

A: Gross domestic product (GDP) is the monetary value of all goods and services produced within the…

Q: Which of the following are included in GDP, and which are not? a. The cost of hospital stays b. The…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Which of the following is NOT a part of U.S. GDP? a. The value of sales of stocks and bonds bought…

A: GDP is the sum of final goods and services produced in an economy in the given year within the…

Q: You just bought an old car a couple years ago for $1,000 and put about $5,000 of parts and labor…

A: Secondhand goods, such as used cars, are excluded from GDP calculations.  When these things were…

Q: A farmer grows a bushel of wheat and sells it to a Miller for $20.00. The Miller turns the wheat…

A: According to question, A farmer produces a bushel of wheat and sells it for $20.00 to a Miller. The…

Q: In the year 2016: • The Fisherman caught fish worth $30, of which $10 was sold to the Restaurant and…

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Q: 1) Jane’s Computers buys 100 monitors for $50 each from Don and pays its employees $10,000 to build…

A: GDP: Gross domestic product or what is commonly known as GDP is the measurement of the final value…

Q: Identify which of the following would be included in GDP as calculated by the final goods and…

A: Gross domestic product(GDP) measures the money value of all final goods and services produced in an…

Q: Which of the following would NOT be included in GDP? US manufacturer making goods in Europe Final…

A: Which of the following would NOT be included in GDP? The answer is Option A - US manufacturer making…

Q: Which of the following items are included in GDP? For those items not included, explain why they are…

A: The gross domestic product(GDP) refers to the market value of all final commodities(goods and…

Q: Can these activities be considered part of GDP ? Please give your reason (s)  1. Mrs. Brown daily…

A: GDP: It is the market value or total monetary value of all the finished goods and services produced…

Q: In 2013, Blackberry bought $100 million in parts in New York and $150 million in par Ontario to…

A: In 2013, Blackberry bought $150 million in parts in Ontario to produce $600 million worth of phones…

Q: 1.Which items directly add to GDP? Group of answer choices Microsoft sells 10 computers to UCF  […

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Q: Which of the following is not included in 2016's GDP? the commission earned by a headhunter when she…

A: Answer: Correct option: D (the value of a motor that is used in the production of a lawn mower)…

Q: What components of GDP (if any) would each of the following transactions affect? (with the…

A: GDP Accounting is done by two methods-- Income approach and Expenditure approach. The Expenditure…

Q: A firm manufactured a computer hard desk and keyboard and sell to a computer manufacturing firm for…

A: Contribution to GDP is the final added value. It is the monetary value of final added goods and…

Q: Which of the following transactions count towards GDP? A The selling of an empty plot of land. в The…

A: When the plot is sold, it is already accounted in calculation of GDP when the first time it was…

Q: Imports Exports Consumer 80 billion 40 billion 185 billion semi-durables Profits 320 billion.…

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Q: Construction contractor purchased five new trucks at $400 000 each. He sold his one old tractor to…

A: GDP refers to the gross domestic product. It is the market value of final goods and services that…

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A: GDP can be calculated by using 3 methods which are the income method expenditure method and the…

Q: Which of the following transactions are or are not included in GDP? 1. The pollution created when…

A: 1)Not included in GDP Because externalities does not account for GDP. 2)Not included in GDP Because…

Q: A farmer grows a bushel of wheat and sells it to a miller for $1. The miller turns the wheat into…

A: Gross domestic product is the market value of all goods and services produced in the economy in a…

Q: A farmer grows a bushel of wheat and sells it to a miller for $1.00. The miller turns the wheat into…

A: GDP is the gross domestic product which is the value of total goods and services produced in an…

Q: Which is not considered to be a GDP investment?   The building of an apartment complex…

A: GDP is the measure of the sum of all the final services and goods produced within a country over a…

Q: A farmer sells wheat to a baker for £5. The baker uses the wheat to make bread, which is sold for $8…

A: A farmer sells wheat to a baker for £5. Note: Assuming farmer does not use any intermediate goods…