36 The United States produced approximatelyworth of goods and services in 2019.O A. $21 billionOB. $21 trillionO C. $210 billionO D. $210 trillionO E. $2,100 trillion

The real GDP of US in 2019 was 21.43 trillion

Answered: The United States produced…

The United States produced approximately worth of goods and services in 2019. O A. $21 billion B. $21 trillion C. $210 billion D. $210 trillion O E. $2,100 trillion

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: It says 6Qs NOT 60s, can you please redo

A: Demand:Demand is the desire of an individual ability and willingness to pay for a product. The…

Q: why do we minus the 30,000? cant we just only add up the cost iccured by this decision?

A: Opportunity cost means the forgone income. It means what actual amount we have lost in acquiring…

Q: 5.6 Show What You Know - Buying vs Leasing A Vehicle /22 1. Tyler is a contractor in Winnipeg and…

A: Since you have posted a question with multiple subparts, we will answer the first three subparts for…

Q: Practice Haddie makes and sells knit scarves. N she will pay a $25 fee for the use of a at a craft…

A: Profit is the difference between total revenue and total cost. Total revenue is the product of…

Q: part 3 and 4th

A: 3. Let the optimal transfer price be T, such that T = 6600 - 20Q Now, the manufacturing division…

Q: The table shows a private open economy. All figures are in billions of dollars. Real GDP C+ lg Net…

A: The real GDP refers to the total goods and services produced in an economy in a given fiscal…

Q: UNITS OF VARIABLE TOTAL MARGINAL AVERAGE PRICE OF INPUT PRODUCT PRODUCT PRODUCT INPUT TOTAL VARIABLE…

A: However, the relationship between marginal cost and average variable cost is this:When marginal cost…

Q: An economy produces only food and fun. The table shows the quantities produced and prices in 2018…

A: Real GDP refers to the goods and services produced within a country over a period without…

Q: How are the annual revenues and expenses estimated?

A: The annual revenue can be estimated by multiply the units of goods and services sold to the price…

Q: Under a dwelling property form DP-2 . Which of the following terms is used to describe on which…

A: A DP2 coverage covers your property for its replacement cost, or the full amount needed to replace…

Q: On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when…

A: Total revenue (TR) is the total income of a firm from the sale of its goods and services. Total…

Q: Parents investment. Job starting pay back Pay IM $=1000,000 40,000 Jeribd = ?

A: The period that depicts the length of time that is being taken for recovering the investment cost is…

Q: A seller sells four diamond rings of 16000 each if a seller sells his 5th diamond ring his MR…

Q: ICD-10 was implemented in October 2015. Summarize how the industry handled it.

A: The first international classification list called as international list of causes of death was…

Q: 7.Birla Hoardings Ltd. is a new board company. They received an order of 6000 bill boards for a…

A: Cost is the amount which is incurred by the producer for the production , there are many types of…

Q: Explain Grant

A: Grant: It is a sum of money that is being paid to an individual or an institution by any government…

Q: Write a profit function and graph it to advise the grower on the most profitable amount of…

A: Profit refers to the difference between the total revenue and total costs which a producer earns for…

Q: Which of these is the tenant's responsibility? Taking reasonable care of the property, giving notice…

A: a person who gives money to the owner of a room, flat, house, or piece of property in order to…

Q: World annual usage of mineral M is actually declining by 5% a year. The current rate of extraction…

A: The ratio's reserve fraction (numerator) is the quantity of a resource that is known to exist in a…

Q: What is land property

A: Land: It refers to the asset of the people. More land with the people shows that are rich. The less…

Q: Ian McCarthy works for Willow Tree Homes. His rate of pay is $16.00 per hour and he is paid one and…

Q: 69. Quantity of a certain commodity that is bought at a certain price at a given place and time.…

A: Dear student as you have posted multiple questions on the portal, but according to policies and…

Q: Government-imposed taxes cause reductions in the activity that is being taxed, which has important…

A: There are many sub-parts of the question. As per honor code, we can only provide solution of first…

Q: d. If Tommy and Ariel wanted to cheat, they might realize that they will get more done if they…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Could you answer parts D-F please?

A: Nash equilibrium given to us that: Q*1 = (0.5a - c1)/1.5b Q*2 = (0.5a - c2)/1.5b

Q: What is the base period?

A: Economics studies how scarce resources are allocated in a manner that most of the human needs are…

Q: The US, Mexico, and Canada all produce steel and corn. The table below shows the total production…

A: Absolute advantage is the ability of an individual, company, region, or country to produce more of a…

Q: UNITS OF VARIABLE TOTAL MARGINAL AVERAGE PRICE OF INPUT PRODUCT PRODUCT PRODUCT INPUT TOTAL VARIABLE…

Q: True/False Personal income include personal taxes

A: Income includes the wages, salaries, dividends, transfer earnings etc, that is, anything that is a…

Q: True/False Personal income include personal taxes

A: Personal income is that the quantity of cash put together received by the inhabitants of a rustic.…

Q: How to calculate break even point, and give example.

A: The main objective of every firm is to maximize profits. Profits are the surplus income earned by…

Q: In the long run, some firms will respond by until Shift the demand curve, the supply curve, or both…

A: If the CDC announces that tuna causes bacterial infection, it will alter the preferences of the…

Q: Michael started to work in 2001 at an annual salary of £20500, she received a £1100 raise each year.…

A: Here, it is given that the initial amount of salary received by Michael is £20500 in 2001 and he…

Q: where did 118.8 come from?

A: There is a slight mistake in the solution as per the solution given by the expert

Q: Fill in the table below, giving a numerical value for letters A, B, C, and D. TC AFC AVC 50 1 90 A B…

A: Total fixed cost is independent of output produced whereas total variable cost varies with the…

Q: Pls help ASAP

A: Step 1: In the scenario provided, Jim's auto policy will likely respond in the following way:C)…

Q: What is the AW of the outside treatment

A: The annual worth is the net of all the profits and costs incurred over one year. Thus we present the…

Q: Money can be saved and used later. True False

A: Money is the common medium of exchange It gives the power to purchase whatever they want. and people…

Q: Using ordinal numbers in directions should be explained 0 avoided recommended o forced b do

A: In the mentioned question we have been asked what should be done with ordinal numbers during the…

Q: device that cost 50000 at the start of the year lose 10% of its value each year. find out how much

A: It is given that Present value = 500000 Reduced value = x Rate of depreciation = 10% p.a. Number of…

Question

The United States produced approximately
worth of goods and services in 2019.
O A. $21 billion
OB. $21 trillion
O C. $210 billion
O D. $210 trillion
O E. $2,100 trillion

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

What are the two different ways most firms calculate depreciation?
Please no written by hand and no emage
Jeff, a 56 year old professor is subject to a 28% tax rate. He has had a family emergency and must withdraw $5,000 from his IRA to fund it. How much money will he owe the government for this withdrawal?
280 View Policies Current Attempt in Progress Carla Vista Company took a physical inventory on December 31 and determined that goods costing $236,000 were on hand. Not included in the physical count were $29,500 of goods purchased from Pelzer Corporation, FOB, shipping point, and $25,960 of goods sold to Alvarez Company for $35,400, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Carla Vista report as its December 31 inventory? Ending inventory Save for Later LA eTextbook and Media A $ 2 MAR 1 Attempts: 0 of 3 used Submit Answer
Learning 9g.cengage.com/static/nb/ui/evo/index.html?deploymentld%35982812479578414089770649020&elSBN=978035; A Tax Document E ECSI - TaxSelect Do. SeAccount Quick Car. B Calendar | Navigate Main Street Comm. CENGAGE MINDTAP Homework (Ch 10) Back to Assignment Attempts Keep the Highest/1 4. Understanding different policy options to correct for negativeexternalities Carbon dioxide emissions have been linked to increased air pollution. The following table lists some possible public policies aimed at reducing the amount of carbon dioxide in the air. For each policy isted, identify whether it is a command-and-control policy (regulation), tradable permit system, corrective subsidy, or corrective tax Tradable Permit System Corrective Subsidy Command-and- Corrective Public Policy Control Policy Tax The government orders every factory to adopt a new technology, which reduces carbon-dioxide emissions into the atmosphere. Trees take cartbon dioxide out of the air and convert it to okygen, so the…
help
Determining Gross Profit During the current year, merchandise is sold for $8,100,000. The cost of the goods sold is $4,698,00 a. What is the amount of the gross profit? b. Compute the gross profit percentage (gross profit divided by sales). c. Will the income statement always report a operating income?
Solve the attachment. image
Answer parts d and e
Explain the difference between real and personal property.
What is residual item
WHAT ARE THE Regulation and enforcement (Accounting Profession) in UAE?