Suppose, at the beginning of the year, there are ten cranes in the economy. During the course of the year, two cranes wear out and are replaced. At the same time, net investment is equal to two cranes. Gross investment is equal to 4 cranes.

Q: Explain the expenditure measure of GDP

A: The expenditure measure of GDP is one of the three ways to calculate GDP, the others being the…

Q: How would you calculate GDP using the aggregate spending approach? a. By adding up wages, interest,…

A: Gross domestic product (GDP) is a measure of the total value of all final goods and services…

Q: components of GDP using the expenditure approach.

A: The expenditure approach to calculating gross domestics products for the nation, or GDP, uses these…

Q: Write a short note on the circular flow of income for three sector economy. From the circular flow…

A: The economies around the world tend to work on the basis of the expenditures which are done by…

Q: How do I find the gdp?

A: GDP is the monetary measure of the market value of all finished products and services in an economy…

Q: Q no: 17 Explain the approach (expenditure or income) that you used to calculate GDP? Use the…

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

Q: 1. Briefly explain the following terms Nominal GDP, Real GDP, Base Year,

A: Hi, Thanks for the question. As per the guidelines, we are allowed to attempt the first three…

Q: Explain the two approaches that can be used to compute GDP. Why do these two approaches lead to the…

A: Introduction  Gross Domestic Product or GDP is referred to as the total monetary value of all the…

Q: The expenditure approach to calculating GDP is best expressed by which of the following?     A.)…

A: GDP measures the value of goods and services that are produced within the country during a specific…

Q: Give typing answer with explanation and conclusion what is the US GDP for the first quarter and…

A: In Keynesian economics, aggregate demand plays a very important role in determining income level and…

Q: b. Calculate GDP of Economica according to the expenditure approach c. Calculate GDP of Economica…

A: A measure of a country's economic performance is its GDP. It displays the total cost of all finished…

Q: Write an essay Explaining concisely whether the following statement is true or false: “The GDP of a…

A: GDP is the sum total of market value of final goods and services produced in a country during a…

Q: a. Answer the following questions based on above table i. Calculate Canada GDP. ii. Explain the…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: 4- The below table include data regarding two goods that are produced in 2019 anč 2020 in Germany.…

A: 4.Nominal GDP in year 2019 is =10*50+12*30=860 Therefore answer is option (B).

Q: Explain why does production measure of GDP give the same results as the income method of

A: The GDP refers to the production of goods and services during an accounting year. There three…

Q: 1.1Definition of GDP and explanation of why this is equal to national income (an explanation of how…

A: 1.  GDP measures the goods and services produced during an year. Hence, it is called the national…

Q: Which of the following would not be included in GDP? Bob hires a construction company to build his…

A: National Income National income implies the estimate of the total revenue generation in a country in…

Q: The following is considered in GDP- Select one: a. Longer-term environmental damage b. None of these…

A: The GDP per capita represents the standard of living of the individuals in the economy and it is…

Q: Sam, an American citizen prepares meals for his family at home. Ellen, a Canadian citizen, commutes…

A: GDP is the value of all the goods and services produced in an economy over a period of time within…

Q: Why are imports subtracted when GDP is calculated in the expenditure approach

A: The gross domestic product (GDP) is the sum of the market values of all finished goods and services…

Q: Explain any two items which are included in the expenditure method of national income?

A: According to the given question According to the expenditure method the national income is basically…

Q: Define GDP. Explain the components of Gross Domestic Product (GDP).

A: The economic status of a country can be estimated by the gross domestic product of the country. The…

Q: What is the difference between GDP and GNP? Is one a better measure of income/output than the other?

A: Gross domestic product is the sum of all the dollars produced in an economy over a given time period…

Q: What is the formula for measurement on the demand side of GDP? Include a brief definition of each of…

A: GDP = C + I  + G + NX The formula for GDP on the demand side is the sum of consumption spending,…

Q: A) Write the formula for GDP (expenditure), and explain in detail each variable. Be sure to include…

A: The fundamental measurements that are utilized to evaluate the general condition of a nation's…

Q: List, and describe, 3 shortcomings of using GDP as a measure of the health of the economy. Look at…

A: GDP is widely used in many nations to measure the health of economy but there is a lot of…

Q: What is the formula for income and expenditure approach of GDP?

A: The market value of all final goods and services produced in the economic territory of the country…

Q: Calculate the Gross Domestic Product according to the picture provided

A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…

Q: i need the fomula fo calculating GDP using: the income approach the expenditure approach

A: GDP calculates the worth of all final goods and services produced in an economy, in a particular…

Q: For each of the following say where they will show up in GDP calculations (i.e. under C, I, G,…

A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…

Q: Explain the impact of each of the following transactions on the calculations of Ghana’s GDP.a. A…

A: The term “GDP” refers to the Gross Domestic Product of the country. It is the market value of all…

Q: ars in the 4th quarter of 2005. The rest of the cars were sold in a later time period. The…

A: Given: Number of cars produced=2000 cars Number of cars sold=1800 cars Price of car=$10,000 each

Q: According to the product approach to Gross Domestic Product (GDP), GDP is the sum total of Four…

A: When talking about product approach to easily gross domestic product, it explains the production and…

Q: Consider the expenditure approach to the measurement of GDP. For each of the following situations,…

A: a)Transfer is not included in expenditire approach.Therefore this would not affect GDP.

Q: Economics please help...

A: GDP (Gross Domestic Product):GDP (Gross Domestic Product) is a measure of the total value of goods…

Q: Which of the following methods of calculating GDP would NOT be accurate when the information on the…

A: Gross domestic product (GDP) measures the market value of final goods and services produced by an…

Q: explain the three approaches to measuring GDP and why do they give the same

A: Gross Domestic Product: GDP is a computation of the total size and health of our economy. GDP…

Q: why the expenditure apporach is used to calculate gdp

A: The gross domestic product is the aggregate value of all final goods and services produced in the…

Factor Models

Many attributes might be related to an asset's risk, including market capitalization (size), dividend yield, growth, price-earnings ratio, etc. The use of these traditional descriptors, however, presents a few problems: