Show this graphi... A: The retirement of baby boomer generation leads to reduce the supply of labor force in the economy. Why do companies ask if you are interviewing with other companies? Which of the following do national income accountants consider to be investment? Suppose a nation's 2010 nominal GDP was $972 billion and the general price index was 90. anonymous. Historically, real GDP has increased less rapidly than nominal GDP because: Suppose nominal GDP was $360 billion in 1990 and $450 billion in 2000. The smallest component of aggregate spending in the United States is: Government purchases include government spending on: government consumption goods and public capital goods. ... A: Introduction: Real interest rate ... Q: Draw a figure depicting market equilibrium in the ice-cream market. subtracted from exports when calculating GDP because imports do not constitute production in the. Consumption of fixed capital (depreciation) can be determined by: (Consider This) When making a capital stock and reservoir analogy, the: inflow from the river is gross investment. Which of the following is an intermediate good? the purchase of 100 shares of AT&T by a retired business executive. Learning Objective: 07-01 Explain how gross domestic product (GDP) is defined and measured. 7 years ago. Course Hero is not sponsored or endorsed by any college or university. The ZZZ Corporation issued $25 million in new common stock in 2004. When an economy's production capacity is expanding: Refer to the above information. Example, invest in a business car and lose all the value in the first few years, because its something like a Dodge Neon. A: Profit is an essential indicator of financial progress of a firm/business. The growth of GDP may understate changes in the economy's economic well-being over time if the: quality of products and services improves. In the treatment of U.S. exports and imports, national income accountants: add exports, but subtract imports,in calculating GDP. If personal income exceeds national income in a particular year, we can conclude that: transferpaymentsexceededthesumofSocialSecuritycontributions,corporateincometaxes,and. If depreciation (consumption of fixed capital) exceeds domestic investment, we can conclude that: When an economy's production capacity is expanding: domestic investment exceeds depreciation. If real GDP in a particular year is $80 billion and nominal GDP is $240 billion, the GDP price index for, Suppose a nation's 2003 nominal GDP was $972 billion and the general price index was 90. This means that: the production of 1933's GDP used up more capital goods than were produced in that year. In comparing GDP data over a period of years, a difference between nominal and real GDP may arise because: If net foreign factor income is zero and there are no statistical discrepancies, the sum of national income and the consumption of fixed capital equals: The amount of after-tax income received by households is measured by: understate economic welfare because it does not take into account increases in leisure. Do some companies in America put up job vacancies online without disclosuring the companys name? It sells 10,000 cubic yards of concrete at $30 a cubic yard. You don’t owe the ghost of the Dodge Neon. B. the economy's stock of capital is shrinking. Business experiment based on an assumption? Suppose that GDP was $200 billion in year 1 and that all other components of expenditures remained the same in year 2 except that business inventories fell by $10 billion. Can i return a item on Ebay if the seller says no returns accepted? C is growing more rapidly than economy B. It used $18 million of the proceeds, In 2003 Trailblazer Bicycle Company produced a mountain bike that was delivered to a retail outlet in. You cannot do it. This means that: the production of 1933's GDP used up more capital goods than were produced in that year. In 2004, accountants would: add$10 billion to other elements of investment in calculating total investment. Which of the following is the largest dollar amount in the United States? If depreciation exceeds gross investment: the economy's stock of capital is shrinking. If depreciation exceeds gross investment, O The difference between GDP and NDP is smaller than gross investment. Create your account. the purchase of baseball uniforms by a professional baseball team. 62. Suppose the total monetary value of all final goods and services produced in a particular country in 2010 is $500 billion and the total monetary value of final goods and services sold is $450 billion. Sciences, Culinary Arts and Personal In national income accounting, consumption expenditures include purchases of: automobiles for personal use, but not houses. How can I find the best Corporate Offsite Destinations near Delhi? This meant that: gross investment exceeded depreciation by $208 million. The total amount of income earned by U.S. resource suppliers in a year, plus taxes on production and imports, is measured by: If real GDP in a particular year is $80 billion and nominal GDP is $240 billion, the GDP price index for that year is: The concept of net domestic investment refers to: total investment less the amount of investment goods used up in producing the year's output.
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