What does our book argue about leisure and GDP? Choice 1 of 4:If we worked like in the past, GDP would be larger, but leisure would be less .Choice 2 of 4:If we worked like in the past, GDP would be less, and leisure would be less .Choice 3 of 4:If we worked like in the past, GDP would be less, but leisure would be larger. Choice 4 of 4:If we worked like in the past, GDP would be larger, and leisure would be larger.

Can you do d,e, and f

Refer to Table below. Suppose that a simple economy produces only four goods and services: sweatshirts, dental examinations, coffee drinks, and coffee beans. Assume all of the coffee beans are used in the production of the coffee drinks. Using the information in the above table, nominal GDP for this simple economy equals:   Product Quantity Price Sweatshirts      50 $35.00 Dental examinations      40 75.00 Coffee drinks 1,000   4.00 Coffee beans 2,000    0.50   a. $9,750 b. $8,750 c. 3,090 units d. $7,250

The country described in the table below produces and consumes only three goods: T- shirts, shampoo, and bread. Assuming that 2018 is the base year, by what percentage did real GDP grow between 2018 and 2019? (If your answer is 23.23%, please write 23.23) T-shirts Shampoo Bread 2018 Quantity Unit 10 units 20 bottles 30 kilograms Typed nuleric answer will be automatically saved. Price Quantity 40 10 9 2019 Unit 20 units 10 bottles 25 kilograms Price 45 18 20 C

Which of the following is an example of an investment or I when computing the real GDP______? A. B. C. D. A new furnace that I purchased to make my house more energy efficient. Computer chips by Dell to install in their personal computers. A 20 year old apartment building. The purchase of a new home by a married couple.

What is GDP? What is real GDP ? What is per capita GDP ? Why is our GDP shrinking in the ongoing Corona Virus Crisis? What is a clear indication that the GDP will be decreasing?

< 2/2 Part B GDP: Where and what is counted? For each of the following items, write one of the following in the space provided. C if the item is counted as consumption spending I if the item is counted as investment spending ▶ G if the item is counted as government spending Xif the item is counted as exports M if the item is counted as imports NC if the item is not counted in the calculation of the GDP 11. You spend $7.00 to see the latest Justin Bieber movic. 12. A family pays a contractor $100,000 for a house he built for them this year. 13. A family pays $75,000 for a house built three years ago. 14. An accountant from Ernst & Young purchases a new Italian suit. 15. The government increases defense expenditures by $1,000,000,000 16. A homemaker works hard caring for her spouse and two children. 17. Ford Motor Company buys new auto-making robots. 18. Apple Computer builds a new factory in the United States. 19. You buy a new Toyota Tacoma that was made in Japan. 20. A Japanese…

Jane spends $1,200 on a used computer. How will this calculation effect GDP?     A.) Consumption will rise and GDP will rise     B.) Investment will rise and GDP will rise     C.) Since the good was not currently produced consumption will not rise, neither will GDP     D.) The GDP deflator will rise but not real GDP

In the US, the Bureau of Economic Analysis (BEA) reports the following information about the US economy for the years 2010 - 2016.   All dollar figures are in trillions and have been rounded to the nearest trillion.  Some entries are missing from the table.  Let's see if you can figure out one of these missing values.   2010 2011 2012 2013 2014 2015 2016 Current-dollar GDP 15.0 15.5 16.2 16.8 17.5 18.2 18.7 GDP in chained 2012 dollars   15.8   16.5 16.9   17.7 chained growth rate of GDP (%) 2.6 1.6     2.5 2.9 1.6 What was real GDP in 2015? a) 16.9 x 1.029 = 17.4b) 16.9 x 1.025 = 17.3c) (16.9 + 17.7)/2 = 17.3d) 17.5 x 1.029 = 18.0

For another think, an economy with a low GDP but a strong....... is healthier than an economy with a comparable GDP