Suppose a group of British investors finances the construction of a plant to manufacture skateboards in St. Louis, Missouri. How will the construction of the plant affect GDP? Suppose the plant generates $100,000 in corporate profits this year. Will these profits contribute to GDP? Why or why not?

Q: Calculate GDP in the following economy given this information: Consumer purchases: $100 per year…

A: GDP or the gross domestic product is the value of all final goods and services which are newly…

Q: There are four spending groups that buy GDP: consumption, investment, government purchases, and net…

A: GDP accounts for all of the different types of spending on domestically produced services and…

Q: Home production, such as cooking food at home, does not count towards GDP. What do you expect…

A: GDP includes in the values of the goods and services that are bought in the markets exclude over the…

Q: What is the contribution to 2020 U.S. GDP in the following scenario? A Michigan family takes a trip…

A: Gross Domestic Product is the total value of goods and services are Produced in the country's…

Q: Which of the following is counted as part of the US GDP in 2019? Question 9 options:   All cars…

A: All cars include used cars as well so they were not produced in 2019. So not a part of GDP.…

Q: What components of GDP (if any) would each of the following transactions affect? Explain.   Uncle…

A: Hey,thank you for your question, since you have posted multiple sub parts we will answer the first…

Q: Which of the following would be included in GDP, the purchase of staplers from Staples by a car…

A: GDP represents the total monetary value of all final goods and services produced within a country…

Q: if consumption is $3.8 trillion, investment is $1.1 trillion, government spending is $1.1 trillion,…

A: here we calculate the GDP which are as follow-

Q: Which of the following options are either not accounted for or are measured inaccurately in…

A: The following should be chosen- D. The value of babysitting services, when the babysitter is paid in…

Q: Using the Graph below, in 1998, what was the approximate GDP of the United States? U.S. Economic…

A: In an economy, nominal GDP based on expenditure method is the sum of the total spending made by…

Q: GDP accounts for all production, even production that does not occur in the context of a market…

A: Gross domestic product is the value of final goods and services produced in the economy within a…

Q: How do I/ Where can I find the relative size of each of the components (in absolute dollars and as a…

A: GDP by expenditure method will sum up (or take the summation) of all important parts of GDP. It…

Q: Which of the following would cause the value of a nation's GDP to increase in a given year?   An…

A: GDP is the sum of the value of goods and services produced in an economy in a particular period.

Q: Which of the following are counted in this year GDP? Justify your answer. a) A local car dealer sold…

A: Gross Domestic Product refers to the value of all the finished goods and services produced inside…

Q: For the following question , please indicate whether current GDP of the United States will be…

A: GDP is gross domestic product which is sum of value of all goods and services produced in a country…

Q: Suppose a parent was earning $20,000 per year working at a local firm. The parent then decides to…

A: $20,000 was the earning of parent.Babysitter earning was $10,000

Q: Suppose the information in the following table is for a simple economy that produces only four goods…

A: GDP is the gross domestic product.  GDP is the market value of all final goods and services produced…

Q: Which of the following is the proper formula for GDP once you adjust it so it explicitly shows the…

A: The most popular method for calculating GDP is the expenditure approach, which is based on how much…

Q: Suppose in 2000, Company X hires Designer Y to design a new car. Company X pays Y $1,000 as the…

A: Gross Domestic Product (GDP) refers to the sum of the market values of all final goods and services…

Q: If General Motors builds cars in Germany, is their value counted in Germany's GDP?

A: GDP or ‘gross domestic product’ is the value of the ‘goods & services’ that are produced within…