For each of the following say where they will show up in GDP calculations (i.e. under C, I, G, Exports, Imports) and explain why. If they do notshow up anywhere, say so and explain why. e. A book publisher produces too many copies of a new book this year; the books do notsell this year, so the publisher adds the unsold books to inventories. Will will the unsold books show up in GDPthis year? If so, where?

Monthly report The Commerce Department reported that in May, 2019, retail sales rose by 0.2 percent, net exports decreased, inventories held by businesses rose by 0.3 percent, and total sales by businesses rose by 1.5 percent. Source: Commerce Department, July 2019 Does the statement that total sales by businesses rose by 1.5 percent mean that GDP increased by 1.5 percent? --... The statement that total sales by businesses rose by 1.5 percent means that GDP because O A. increased by more than 1.5 percent3; "total sales by businesses" includes only sales of intermediate goods and services O B. decreased by 1.5 percent; "total sales by businesses" are sales of intermediate goods and services O C. increased by 1.5 percent; GDP is a record of the value of all production O D. increased by less than 1.5 percent; we need to subtract retail sales of 0.2 percent from the "total sales by businesses" to eliminate double counting O E. did not change by 1.5 percent; GDP measures production of all…

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H6. Which of the following transactions should or should not be counted in GDP? Answer why or why not. A Picasso painting sold at an auction for $30 million $20 million tires purchased by Ford Motor Company A $100 million Initial Public Offering (IPO) by Gameboy A new tennis racket was purchased by Roger Federer A new tunnel under the Hudson $20,000/year value of grandparents' babysitting their grandson A $15 Pizza A $1,200 stimulus check sent to households by the government as COVID relief

Can you do d,e, and f

Explain the shortfalls of analyzing GDP, by itself, to assess the state of the economy.

decrease increase none of the components of GDPnot change (nave no effect on) should beshould not be the consumption spending component preliminary value the export spending component preliminary value the government spending component preliminary value the net exports component preliminary value two or more of the components of GDP

The following expenditure equation is utilised to measure the economy:  GDP = C + I + G + (X-M) Analyse each of the situations below and state which expenditures (or parts of the expenditures) would be counted under which of the four segments of the GDP expenditure equation, ie C, I, G or (X-M). a.       The purchase of Australian made furniture by a business for use in its cafe. b.       The purchase of foreign made furniture by a business for use in its café. c.       The purchase of wood by a business to manufacture furniture which will then be sold to Australian and foreign customers. d.       The purchase of 100 shares in ANZ Bank through a stockbroker. e.       Purchase of a 10-year-old foreign-made second-hand car from a Car Sales business in Parramatta, NSW. f.        A pension paid by the Australian Government to an old age pensioner. g.       You babysit for your nieces and nephews so your sister and her husband can go out for dinner.

< 2/2 Part B GDP: Where and what is counted? For each of the following items, write one of the following in the space provided. C if the item is counted as consumption spending I if the item is counted as investment spending ▶ G if the item is counted as government spending Xif the item is counted as exports M if the item is counted as imports NC if the item is not counted in the calculation of the GDP 11. You spend $7.00 to see the latest Justin Bieber movic. 12. A family pays a contractor $100,000 for a house he built for them this year. 13. A family pays $75,000 for a house built three years ago. 14. An accountant from Ernst & Young purchases a new Italian suit. 15. The government increases defense expenditures by $1,000,000,000 16. A homemaker works hard caring for her spouse and two children. 17. Ford Motor Company buys new auto-making robots. 18. Apple Computer builds a new factory in the United States. 19. You buy a new Toyota Tacoma that was made in Japan. 20. A Japanese…

Explain briefly whether each of the following would cause GDP to overstate or understate the degree of changein the broad standard of living.a. The environment becomes dirtierb. The crime rate declinesc. A greater variety of goods become available to consumersd. Infant mortality declines