QUESTION 16Which items are added together to get Gross Domestic Product?OA. Consumption, government spending, net exports, and treasury bondsO B. Consumption, Interest payments, government spending, and net exportOC Consumption, investment, government spending, and net exportsO D.Consumption, aggregate demand, aggregate supply, and net exportsQUESTION 17Which of the following would NOT be included in GDP?OA. a haircut at Styles of tomorrowOB. Buying 1.000 s of Amazon StockOC Buying gasoline at Exxon MobilO D. All of the above woud be includedQUESTION 18A policeman's salary would fall under which component of GDP?OA consumer spendingOB.private investmentOC.government purchaseO D-net exportsQUESTION 19In the market for paperback books, more people are reading books on kindles and ipads. Which of the following is likely to occurO A. The demand curve for paper back books will shift to the rightO B. Nane af the aboveO The supply curve of paperback books will shift to the rightO D. The demand curve for paper back books will shift to the leftQUESTION 20Which of the fallawing is not an illustration of the notion of opportunity costO A. The production of more military goods means fewer resources are available for civilian goods.O B. The land a Kansas farmer plants in wheat is not available for corn production.O CIFI buy a pizza, I will not be able to afford a mavie.O D.A growing economy can produce more consumer goods and more capital goods at the same time.

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

QUESTION 16 Which items are added together to get Gross Domestic Product? OA. Consumption, government spending, net exports, and treasury bonds OD. Consumption, Interest payments, government spending and net export OC Consumption, investment, government spending, and net exports O D. Consumption, aggregate demand, aggregate supply, and net exports

QUESTION 16 Which items are added together to get Gross Domestic Product? OA. Consumption, government spending, net exports, and treasury bonds OD. Consumption, Interest payments, government spending and net export OC Consumption, investment, government spending, and net exports O D. Consumption, aggregate demand, aggregate supply, and net exports

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Subject :- Accounting
7
Question 21 As the price level rises, a. The currency depreciates, so net exports fall. b. The currency depreciates, so net exports rise. c. The currency appreciates, so net exports fall. O d. The currency appreciates, so net exports rise.
GDP in an economy is $23,600 billion. Consumer expenditures are $18,000 billion, corporate profits are 600 billion, government purchases are $6,000 billion, and gross private domestic investment is $300 billion, stock purchases are $500 billion. What is the value of the net exports? O+$400 billion O-$700 billion O-$1.800 billion O-$300 billion O+$500 billion
None
Real Disp. Consmp. Income Spending Saving Invst Plnd Plnd Govt Net Plnd Exp. Export Exp. 10.8 GDP Tax 10 6.8 1.2 1.5 2 0.5 11 7.6 1.4 1.5 0.5 11.6 12 10 8.4 1.6 1.5 2 0.5 12.4 13 2 11 9.2 1.8 1.5 2 0.5 13.2 14 12 10.0 2.0 1.5 0.5 14.0 15 13 10.8 2.2 1.5 0.5 148 16 14 11.6 2.4 1.5 2 0.5 15.6 Note: Amounts in billions. Refer to the above table. The equilibrium real GDP is $15 billion. $14 billion. $13 billion. $12 billion.
2. Which of the following is NOT included in the calculation of GDP? a) Investment spending b) Government spending
1. What is the distinction between Nominal GDP and Real GDP? Which is more important in terms of satisfying humans wants? Why? 2. Use list to compute GDP from the Expenditures approach. Personal Consumption expenditures $600 Transfer payments $15 Consumption of fixed capital $20 Interest $11 Exports $15 Government purchases $85 Compensation of employees $225 Imports $18 Net private domestic investment $65
c) The table below contains information about the national income data of a country. RM billion 40 Items Capital consumption Government purchases Subsidies Net exports Indirect taxes Gross private domestic investment Net factor income from abroad Personal consumption expenditures 1,450 70 - 280 160 2,200 - 340 3,100 Using the above table, calculate the Gross Domestic Product at market price (GDPMP), Gross National Product at market price (GNPMP), Gross National Product at factor cost (GNPFC), and national income.
H10.
b) calculate gross private domestic investment $_______________ trillion (round to one decimal point) c) based on the information given, calculate personal income $____________ trillion (round to one decimal point) calculate personal disposable income $______________trillion (rounded to one decimal point)
All of the following are components of aggregate expenditure except Select one: O real GDP a. actual government purchases O b. net export O c. planned investment 45 The largest source of government revenues is.