Which of the following would be counted in this year's GDP? Group of answer choices yourdonation today of $100 to the Red Cross the rental payment you made today on a housebuilt last year your purchase today of a house built last year your purchase of 100 shares ofWal-Mart stock

Option b: This option is correct because In the context of Gross Domestic Product (GDP), let's…

Answered: Which of the following would be counted…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Similar questions

Which of the following are included in the year’s GDP? which are excluded? Explain your answers The purchase of 100 shares of Tesla stock. Molly buys a home which was built in 2019. Kerry buys a new sweater to wear this winter.
What is 4Gross domestic product (GDP)?
Which of the following transactions would NOT be counted in GDP? Select one: a. Nike builds a retail store. b. Your mother buys 100 shares of Nike stock. c. Your mother buys a pound of Washington-grown apples. d. The Indiana state government pays for repair of a damaged bridge over the Wabash River.
What components of GDP does Ford selling a Mustang from its inventory affect?
How might you calculate GDP for schools? What products would you include? Which ones would you exclude?
• Holly has recently graduated from college and has bought a house that was built 50 years ago for $100,000. She used a real estate agent to help her find and purchase the house, and the real estate agent received 5 percent of the value of the sale, or $5,000, to be paid by the seller of the house. The value of GDP in this case would increase by $95,000. increase by $105,000 increase by $5,000. increase by $100,000.
GDP is a good and useful measure of general economic activity for each of the following reasons except for which one? (Which one of the following is not either correct or a reason to rely on GDP as a measure of economic activity?) In order to raise the amount of goods and services available in a country, GDP must rise. In order to have a true measure of economic activity, the income of all people needs to be considered, and the value of goods and services for all people must be considered, and GDP considers the income and spending for all people (in the country). The total value of GDP is lower if the distribution of income is lower and less equitable, and is higher if the distribution is higher and more equitable, and this makes GDP a good indicator of aggregate economic activity. In order to raise the income of some people, and have the income of no people go down, GDP must rise. People care about their income, and GDP is a measure of total income.
A country has just one resource - labor - that it can use to produce two goods, books and clothing. At first the country has 10 million workers, and each worker can produce either 2 books or 5 units of clothing per day. Suppose the country wants to produce 8 million books. Suppose the price of a book is $10, and the price of a unit of clothing is $20. Using this information and your answer from the last question, calculate the country's GDP (measured in dollars per day). Enter your answer as a number in the space below. (For example, if your answer is $3.75 million, enter it as 3750000 in the space below.)
Which of the following activities of a computer manufacturer during the current year are included in this year’s measure of GDP? The manufacturer produces a chip in June, uses it as a component in a computer in August, and sells the computer to a customer in November. A retail outlet of the firm sells a computer completely built during the current year. c. A marketing arm of the company receives fee income during the current year when a buyer of one of its computers elects to use the computer manufacturer as her Internet service provider
Question # 02 Use the information given and show in a table format how value added method is used to Calculate GDP. 1. A forester chops down 200 trees and sells them @ N$50 each to the coal factory on a farm. The coal factory processes these trees into coals and sells the coal @ N$20 000 to the coal wholesaler's. The coal wholesaler's goes to the market and sell 500 bags of coal's @N$100 each to pick n Pay. Pick n Pay sells the 500 bags of coal's @ N$150 each to its customers. According to this example, how much value added do the coals contribute to the GDP?
Which of the following is NOT included in 2013's GDP? Group of answer choices the commission earned by a headhunter in 2013 when she locates a job for a client the value of a dishwasher manufactured in 2013 but not sold in 2013 the value of a motor that is used in the production of a lawn mower the value of a motorcycle produced in the United States in 2013 and exported to Japan
Which of the following are included in the year’s GDP? which are excluded? Explain your answers Coca-Cola builds a new bottling unit in the United states. Income of a tax accountant working for H&R block. The value of car batteries used in production of electric cars.

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Which of the following would be counted in this year's GDP? Group of answer choices your donation today of $100 to the Red Cross the rental payment you made today on a house built last year your purchase today of a house built last year your purchase of 100 shares of Wal-Mart stock