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. a. Ford Motor Companybuilds a new factory in Detroit, Michigan.

Suppose the output and prices in an economy are given as follows: Output of Year Price of Output of medical Price of medical computers computers care care 2020 10 $100 60 $200 2021 11 $50 70 $400 What is the value of nominal GDP in 2021? (Do not include $ or commas in your answer.) What is the value of real GDP in 2021, measured in base year 2020 prices? What is the value of real GDP in 2020, measured in base year 2021 prices? (Do not include $ or commas in your answer.)

For the items listed below, determine whether or not each would be used to compute GDP. If it is, classify it by component. | Security system bought by the White House Battleship bought by the US Navy Coffee beans bought by Starbucks New coffee machines bought by Starbucks Starbucks grande mocha frappuccino bought by a student Banking services bought by Target

Who helps calculate GDP in the United States? O the Census Bureau the Bureau of Economic Analysis the Bureau of Labor Statistics all of the above none of the above

Instructions: Answer the following questions. Make sure to number your answers when you upload your response. Why do economists include only final goods in measuring GDP for a particular year? Why don’t they include the value of stocks and bonds sold? Why don’t they include the value of used furniture bought and sold?   Which of the following are included in this year’s GDP? Explain your answer in each Interest on an AT&T corporate bond. b.      Social security payments received by a retired factory worker.                                               The unpaid services of a family member in painting the family home. The income of a dentist. e.      The money received by Smith when she sells her economics textbook to a book buyer. The monthly allowance a college student receives from Rent received on a two-bedroom apartment. The money received by Josh when he resells his current-year-model Honda automobile to Kim. The publication of a college textbook. j.…

In the US, the Bureau of Economic Analysis (BEA) reports the following information about the US economy for the years 2010 - 2016.   All dollar figures are in trillions and have been rounded to the nearest trillion.  Some entries are missing from the table.  Let's see if you can figure out one of these missing values.   2010 2011 2012 2013 2014 2015 2016 Current-dollar GDP 15.0 15.5 16.2 16.8 17.5 18.2 18.7 GDP in chained 2012 dollars   15.8   16.5 16.9   17.7 chained growth rate of GDP (%) 2.6 1.6     2.5 2.9 1.6 What was real GDP in 2015? a) 16.9 x 1.029 = 17.4b) 16.9 x 1.025 = 17.3c) (16.9 + 17.7)/2 = 17.3d) 17.5 x 1.029 = 18.0

For the following question , please indicate whether current GDP of the United States will be affected and, if so, by how much .In each case, indicate also which component(s) of GDP will be affected and by how much  In November 2020 a wine producer in Florida  sold $15,000 worth of grapes to other wine producers in the region. SHe also sold $20,000 worth of his own bottled wine directly to the visitors of her well-known Maple syrup winery

U.S. macroeconomic data are among the best in the world. Given what you learned in the Clear It Up "How do statisticians measure GDP?", does this surprise you, or does this simply reflect the complexity of a modern economy? Suppose GDP was modified to include the value - positive or negative - of changes in environmental quality. How could this be done accurately?

Read the news clip, then answer the following question. The statement that total sales by businesses were up 0.3 percent means that GDP because OA. Increased by 0.3 percent; GDP is a record of the value of all production B. decreased by 0.3 percent; "total sales by businesses are sales of intermediate goods and services OC. did not change by 0.3 percent, GDP measures production of all final goods and services and "total sales by businesses includes final and intermediate goods and services OD. increased by less than 0.3 percent; we need to subtract retail sales of 1.3 percent from the total sales by businesses to eliminate double counting OE. increased by more than 0.3 percent; "total sales by businesses includes only sales of intermediate goods and services Expansion remains slow The Commerce Department reported that retail sales increased 1.3 percent in Net exports were up 0.8 percent in the first quarter and inventories held by businesses rose by 0.3 percent in June. Total sales by…

Suppose that an Al Khaleej Food company owned entirely by Emirati Business Group opens a new Restaurants Chain in Jordan. What sort of foreign investment would this represent?     What would be the effect of this investment on Jordan GDP and on UAE GDP?