Select all events that contribute to increase the current year’s GDP in Canada? A household purchases lumbers produced during the current year to renovate his house. The government purchases meals in a restaurant for its ministers. A household purchases a newly built house. The government builds a new road. An individual gets a haircut. None of the above.

Which of the following will likely lead to an increase in real GDP in the U.S.   Group of answer choices   The U.S. begins a new war in the middle east   A massive hurricane destroys homes and infrastructure in the Eastern US   The growing student debt burden forces American households to begin working twice as many hours each week   all of the above   Many people believe that GDP is not a good indicator of economics success or standard of living because   Group of answer choices   GDP doesn't tell us anything about the distribution of income   GDP doesn't include leisure time as a good   GDP does not account for "bads" like pollution   all of the above

The table below contains data for country A for the year. Household purchases of durable goods Household purchases of nondurable goods Household purchases of services Household purchases of new housing Purchases of capital equipment Inventory changes Purchases of new structures Depreciation Salaries of government workers Government expenditures on public works Transfer payments Foreign purchases of domestically produced goods Domestic purchases of foreign goods What was country A's GDP? $1293 $1717 $301 $704 $310 $374 $611 $117 $1422 $553 $777 $88 $120

Determine if the following would be included (I) or excluded (E) from the calculation of GDP. (d)  An increase in business inventories _______ (e)  The income of a tax accountant working for a business _______ (f)  Income received from interest on a corporate bond ________ (g)  Business expenditures on pollution control equipment ______ (h)  Dr. Jung grows tomatoes in his backyard for home consumption _______

In 2010, the GDP in the tiny country of Lindora was $4 million and the price of a market basket of goods was $15. In 2022, the GDP in Lindora was $5 million and the price of a market basket of goods was $35. Given this information, it is clear that Lindora's GDP had a higher level of production in 2022 than in 2010. Evaluate this statement.

The value of cars that the Ford Motor Company produces in a German plant is   a part of U.S. GDP.   a part of U.S. GNP.   a part of German GNP.   not a part of German GDP.

Assume that, everything else constant, UK households start consuming more goods imported from Germany. Based solely on the direct impact of this change, choose the right option. GDP in the UK is unchanged. GDP in Germany is unchanged. GDP increases in the UK. GDP falls in Germany.

Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States? Check all that apply. The quality of goods available to consumers   The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government   The costs of overfishing and other overly intensive uses of resources   Funds spent by city governments to renovate their buildings