If Rajal buys some land, hoping to build a house on it in the near future, this purchase would be included in GDP as: net exports none of these investment consumption government purchases

Q: Real GDP measures the A. total dollar value of all goods and services produced within the borders…

A: Real gross domestic product (Real GDP) is a macro economic measure of output produced in an economy.…

Q: The local government issues bonds to pay for road repair projects.  If Josue buys some of these…

A: Answer: Correct option: Investment Explanation:  Investment: Investment refers to the item which is…

Q: In measuring GDP, which of the following is NOT a factor payment? a. Government's transfers payment…

A: Factor payment approach to calculate GDP includes all factor payments earned by households, that is…

Q: Earnings of individuals and companies inside a country is part of the GDP _________. a. only if they…

A: In an economy, gross domestic product refers to the measure of national income that provide…

Q: For the purpose of calculating GDP, investment is spending on real estate and financial assets such…

A: GDP is the sum total of market value of final goods and services produced in a country during a…

Q: An economy produces 10 cookies in year one at a price of $2 per cookie and 12 cookies in year 2 at a…

A: An economy produces 10 cookies in year one at a price of $2 per cookie, so total GDP = 10×2=$20 An…

Q: A farmer grows wheat, which she sells to a miller for $90. The miller turns the wheat into flour,…

A: A measure that tends to add up all of the money amounts in a given span of time which is being spent…

Q: All of the following are components of the expenditure approach to measuring GDP except from: Group…

A: The correct option is : Car dealer in Iowa being paid his monthly salary

Q: If Liu buys new cookbooks to use in her restaurant, this purchase would be included in GDP as: none…

A: Answer: Correct option: Investment Explanation: Investment: Investment refers to the item which is…

Q: Although the gross domestic product (GDP) has historically been the strongest indicator of national…

A: GDP refers to a country's overall financial performance over an arbitrary period of time. While GDP…

Q: Suppose a nation’s firms make heavy use of factors of production owned by residents of foreign…

A: GDP refers to the money value of all final goods and services that are produced within the country…

Q: If a good produce this quarter goes into inventory then it is included in this. GDP if it is sold in…

A: Gross Domestic Product (GDP): The GDP is defined as the value of all final goods and services…

Q: Net exports of goods and services increase when A) imports of goods and services increase, and…

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

Q: Calculate the GDP of the country described below: Consumption = $5 trillion Investments = $2…

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

Q: Using the table below, calculate GDP for a particular year. Wages and salaries $4,000 Government…

A: Here, information about the components of income and expenditure method of income are given using…

Q: Nominal GDP can be found by: Answers: A. Adding the value of all final output produced…

A: GDP is the money value of all final goods and services produced in an economy during a given year.

Q: In 2019, consumer spending was $14,000, government purchases of goods and services were $3,700, and…

A: We know that, Y=C+I+G+(X-M)Now, we will do the calculation of the portion…

Q: Determine if each transaction is included in the Gross Domestic Product (GDP) and mark each item as…

A: " Since you have posted a question with multiple sub-parts, we shall answer the first sub-parts . To…

Q: Since it is counted as an investment, why doesn't the purchase of equipment from Caterpillar (a U.S.…

A: Gross domestic product (GDP) measures the market value of final goods and services produced within…

Q: Purchase of electricity by a family is:   a. not counted in GDP   b. counted as part of net…

A: Electricity is consumed normally by people just as they consume other goods. Consumer have to pay…

Q: Identify whether the following items are officially included in 2019 GDP or Not. Give specific…

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

Q: Use the information in the table below to answer  GDP at market prices =$397bn Net primary income…

A: The gross national income (GNI) refers to the total domestic and foreign output claimed by the…

Q: The calculation of a country's GDP encompasses all private and public consumption, government…

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

Q: Consider each of the following items. Should it be counted as part of U.S. GDP? If so, in which…

A: GIVEN   Consider each of the following items. Should it be counted as part of U.S. GDP

Q: In a closed economy, net exports are - ___________________ Select one: a. Lesser than 0 (< 0) b.…

A: A closed economy is one that does not interact with other economies in the world. There are no…

Q: (Expenditure approach to GDP). You have the following annual information about a hypothetical…

A: GDP = C + Ip + G + X - M, where Ip: Gross investment and NX = X - M Net investment = Ip -…

Q: Is each of the following sets of variables positively or negatively related? a. Domestic income and…

A: When domestic income rises (falls), import demand rises (falls). So they are Positively related.

Q: Which of these is NOT part of GDP? Group of answer choices Consumer Spending Imports/Exports…

A: National debt Reduction is not a part of GDP.

Q: A U.S. consumer buys a new Toyota vehicle (a Japanese company), which is manufactured at Toyota…

A: The final value of goods and services that are being produced in an economy within a given time…

Q: Tom is an organic gardener.  For several years, he produced only for his own consumption.  Last…

A: GDP or Gross Domestic Product can be defined as the sum total of the market value of all final goods…

Q: GDP at market prices R397bn Net primary income payments to the rest of the world R37bn Indirect…

A: The gross domestic product of an economy is the monetary value of all final goods and services…

Q: Net exports are exports less imports. that portion of consumption and investment goods sent to other…

A: Net Exports are a part of GDP of a country. Net Exports=Exports-Imports   Option B-Sending…

Q: GDP in Singapore (2019) is equal to 507.568 billion Singapore Dollars. What is the value of…

A: In the international market, any currency can be represented in the form of another currency to know…

Q: In 2019, consumer spending was $16,000; investment spending was $4,000; and net exports were –$600.…

A: GDP = C+I+G+NX where C is consumption I is investment G is govt expenditure NX net export

Q: Gross Domestic Product was designed as a measure of economic activity, specifically a measure of…

A: Gross domestic product measures the increase in the production of goods and services. An increase in…

Q: Name some of the services, if any, you produced at home that do get counted in GDP. Are there any…

A: In an economy, GDP is used as an economic tool to measure the national income in terms of goods and…

Q: A farmer grows wheat, which she sells to a miller for $90. The miller turns the wheat into flour,…

A: Answer is given below

Q: Identify whether the following items are officially included in United States GDP or GNP. The wage…

A: GDP and GNP are methods of national income accounting.

Q: The value of GDP can be found by adding together... A. wages, consumption, investment, and…

A: There are generally three ways to calculate GDP: 1-Expenditure method:…

Q: Which of the following is true about the components of GDP?   When we buy stocks, this is economic…

A: GDP is defined as the market prices of all goods and services produced in a domestic country in a…

Q: dentify whether the following items are officially included in 2019 GDP or Not. Give specific…

A: Answer GDP is the value of overall goods and services produced in an economy during a financial year…

Q: For the year 2020, all economic activities in the country of Simplicity are at follows: A farmer…

A: Value added method represents the addition of value in each stage of production by the producer. It…

Q: If a French citizen buys a bottle of wine from California, then U.S. consumption increases, U.S. net…

A: GDP is the value of final goods and services in the economy within a given period of time.

Q: Given the following: consumption = 400, investment = 100, government expenditure = 50 and net export…

A: GDP = Consumption + Investment + Government expenditure + Net export

Q: For each of the following expenditures, indicate whether it would be counted as part of the US GDP.…

A: Gross domestic product refers to the value of all final goods and services produced in an economy…

Q: Can you give two examples of goods or services that are in GDP and two examples of goods or services…

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