if intermediate goods and services were included in gdp
Gross private domestic investment exceeds depreciation in an economy that experiences expanding production capacity. Which of the following is a final good or service? If intermediate goods and services were included in GDP, then: A. GDP would not have to be adjusted for net exports B. GNP would exceed GDP C. GDP would be overstated D. GDP would be understated E. GDP would have to be adjusted for depreciation If depreciation exceeds gross investment: Economy A: gross investment equals depreciation.

Output and price data for a five-year period are as follows. Ryder in March 2013.

C. nominal GDP would exceed real GDP. To ensure the best experience, please update your browser.

A.

If real disposable income fell during a particular year, we can conclude that: In national income accounting, the consumption category of expenditures includes purchases of: automobiles for personal use but not houses. O c. the GDP would be understated.

When an economy's production capacity is expanding: gross domestic investment exceeds depreciation.

If intermediate goods and services were included in GDP: the GDP would be overstated.

Consider the following data for a nation: In year 1, nominal GDP for the United States was $2,250 billion and in year 2 it was $2,508 billion. Output and price data for a three-year period are as follows. © 2003-2020 Chegg Inc. All rights reserved. d. the GDP would then have to be deflated for changes in the price level. Answer the question on the basis of these data.

In 2012, he purchased $150,000 worth of jerseys from manufacturers, employed one worker for $40,000, purchased $20,000 worth of supplies from an office supply store, and sold jerseys for $280,000.

This bicycle is counted as: The largest component of national income is: Use the following table for a hypothetical single-product economy. The amount of after-tax income received by households is measured by: Suppose nominal GDP was $360 billion in 1990 and $450 billion in 2000. The purchase of Walmart stock is a part of gross investment, but not of net investment. The smallest component of aggregate spending in the United States is: monetary value of all final goods and services produced within the borders of a nation in a particular year. If intermediate goods and services were included in GDP, GDP would be overstated Assume an economy that makes only one product and that year 3 is the base year. If intermediate goods and services were included in GDP: If real GDP rises and the GDP price index has increased: Gross domestic product (GDP) measures and reports output: The system that measures the economy's overall performance is formally known as: Answer the question on the basis of the following information: the growth of nominal GDP understates the growth of real GDP.

If real GDP rises and the GDP price index has increased: nominal GDP must have increased. Output and price data for a five-year period are as follows. b) the GDP would then have to be deflated for changes in the price level. The bicycle was sold to E.Z. Government purchases include government spending on: government consumption goods and public capital goods. Alejandro Scoobertini owns a store specializing in soccer jerseys.

In 1933, net private domestic investment was a minus $6.0 billion. National income accountants define investment to include: If the economy adds to its inventory of goods during some year: In calculating GDP, governmental transfer payments, such as Social Security or unemployment compensation, are: The largest component of total expenditures in the United States is: In 2012, Trailblazer Bicycle Company produced a mountain bike that was delivered to a retail outlet in November 2012. Which of the following is not included in personal consumption expenditures? The value added by the business to these products is: The value of corporate stocks and bonds traded in a given year is: Computation of GDP by the expenditures method would include the purchase of: GDP in an economy is $11,050 billion. A. O c. the GDP would be understated. If real GDP in a particular year is $80 billion and nominal GDP is $240 billion, the GDP price index for that year is: Suppose nominal GDP in 2009 was $100 billion and in 2010 it was $260 billion.

If intermediate goods and services were included in GDP: Question 11 options: a) the GDP would be overstated. GDP is a measurement of the market value of all final goods and services …

A haircut purchased by a father for his 12 year-old son.

Which of the following do national income accountants consider to be investment. The product of Firm B, in turn, is purchased and used as an input by Firm C, and so on down the line through Firm E, which produces the end product. It looks like your browser needs an update.

the reason is that the value of intermediary goods is already included in the price of the final good. Assume an economy that is producing only one product. The simplest way to calculate GDP is to sum the total sales of all business firms. Which of the following best defines disposable income?

Privacy GDP understates the amount of economic production in the United States because it excludes: Adding the market value of all final and intermediate goods and services in an economy in a given year would result in: A business buys $5,000 worth of inputs from other firms in order to produce a product. The bicycle was sold to E.Z.

In national income accounting, government purchases include: purchases by federal, state, and local governments. All figures are in billions of dollars. (Consider This) When making a capital stock and reservoir analogy, the: inflow from the river is gross investment. This activity is: Which of the following transactions would be included in GDP? Between 2009 and 2010 the real GDP rose by approximately: Assume an economy that makes only one product and that year 3 is the base year. Which of the following is a final good or service? The total amount of income earned by U.S. resource suppliers in a year, plus taxes on production and imports, is measured by: Assume an economy that makes only one product and that year 3 is the base year. The agency responsible for compiling the National Income Product Accounts for the U.S. economy is the: National income accountants can avoid multiple counting by: If intermediate goods and services were included in GDP: Which of the following is a final good or service? Answer the question on the basis of these data. Based on this information, what was the value added at Alejandro's store in 2012? Net exports must be: The following are national income account data for a hypothetical economy in billions of dollars: government purchases ($1,050); personal consumption expenditures ($4,800); imports ($370); exports ($240); gross private domestic investment ($1,130). In the treatment of U.S. exports and imports, national income accountants: add exports, but subtract imports, in calculating GDP. The National Income and Product Accounts (NIPA) help economists and policymakers to: follow the long-run course of the economy to determine whether it has grown or stagnated. The current year per unit prices of these three goods are A = $2, B = $3, and C = $1.

Answer the question on the basis of the following information: Only three goods are produced in an economy in the following amounts: A = 10, B = 30, C = 5.

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