ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- Through the first half of 2023, total new-vehicle sales in the U.S. were up more than 12%. This sales number included medium- and heavy-duty trucks, which are more often purchased by businesses than households. Which component of GDP is affected by purchases of new vehicles by businesses? Which component of GDP is affected by purchases of new vehicles by households? Explain.arrow_forwardPaul, a US citizen, buys $500 worth of illegal drugs while on vacation in Amsterdam. Upon his return, he sells the illegal drugs to unsuspecting Americans for $5,000. Upon discovering this, Matt reports Paul to the FBI, which spends $10,000 to put Paul behind bars for sale of an illegal substance. What is the increase in US GDP resulting from these transactions? Group of answer choices $10,000 $15,000 $15,500 $10,500arrow_forwardWhich spending category of GDP does each of the following transactions count in? Please enter the letter C, I, G, NX, or N to represent consumption, investment, government spending, net exports, or none. The government paid a total of $30,000 in subsidies to people who had installed solar panels on their homes . Bill spent his $400 social security check on rent and food . Company X produces $5,000 of wine this year but they do not sell it . Your parents pay $8,000 for tuition to UCF . The government pays $1 million to people it hires to collect census dataarrow_forward
- 2arrow_forwardAnswer it correctly please. I ll rate accordingly with multiple votes. Typed answer and give explanation. My last attempt. Do it correctly.arrow_forwardWhich of the following will not effect Potential GDP in Country X? government institutions O the unemployment rate O the amount of capital available technologyarrow_forward
- Need help with macroeconomic review questions! How do each of the following transactions affect Canada’s GDP? Unless otherwiseindicated, assume that each of the subsequently mentioned people resides in Canada.(d) Hitomi is a Japanese tourist who spends $50,000 on her vacation in Alberta.(e) Ichabod purchases a $12,000 semiconductor, which he uses to create a robot. He then sells the robot for $67,000.(i) Mario spends $10,000 transporting his marijuana to the cannabis shop, where hesells it for $25,000.arrow_forwardWhich of the following would be in GDP expenditure-based in the national income accounts for Canada? Select one: a. The interest payments made to bondholders of a Canadian corporation b. The government builds a new hospital c. A Cariadian corporation retains part of its earnings d. An annual salary of a high school teacherarrow_forward
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