Answers
Solution
The GDP of a country is the total value of goods produced / services rendered in that particular economy.
GDP = Consumption+Investment+Government's expenditure (only which leads to productivity) + Gross Exports - Gross Imports
The following events/activities would be included in this year’s GDP:
(e) Your grandmother buys you a card for your birthday from her social security income - Here the social security income your grandmother receives is not the part of the GDP calculation but the amount she spends in buying you a birthday card will be included in the GDP calculation.The amount is considered under consumption
(f) Your Non-American instructor gives you a lecture on how to measure GDP - The amount you pay to him for his service is shown under services section under the heading of imports while calculating GDP.
Hope this solution helps!! Please give a thumbs up rating for this solution!! Feel free to comment in case of any further clarification in the solution !!
.Similar Solved Questions
1 answer
-1 points CJ10 20 P088 My Notee Ask Y O Ask The col of wire in...
-1 points CJ10 20 P088 My Notee Ask Y O Ask The col of wire in a galvanom eter has a resistance of RC-73.0 Ω. The galvanometer exhibits a fut scale defection when the eument through it is 0270 mA A resistor is connected in ser combination so as to produce a voltmeter. The voit ter is to have a...
1 answer
1.2.13 Question Help Find the general solution of the system whose augmented matrix is given below...
1.2.13 Question Help Find the general solution of the system whose augmented matrix is given below 1 -2 0 1 04 0 1 0 0-3 1 0 0 0 1 9 4 Select the correct choice below and, if necessary, fill in the answer boxes to complete your answer The system is inconsistent. x2 is free X3 is free x3 is free X4 i...
1 answer
10. Find the product(s) of the following reaction: 1. NaOCH 2. H20 3. Ethanol
10. Find the product(s) of the following reaction: 1. NaOCH 2. H20 3. Ethanol...
1 answer
Please show all work, thank you! A one toil column is being set in place by...
Please show all work, thank you! A one toil column is being set in place by two 5 degree wedges as shown. If the coefficient of friction between all surfaces of the wedges is 0.20 and the coefficient of friction for the screw is 0.40, calculate the torque necessary to lift the column. Neglect fricti...
1 answer
Hard work and determination are key factors of success for individuals. But sometimes, it may not...
Hard work and determination are key factors of success for individuals. But sometimes, it may not always be enough. Institutional discrimination still exists that creates obstacles for people of color and women to succeed. Should society try to address the fact that women still are paid less for doi...
1 answer
Studemeir Paint & Floors (SPF) has experienced net operating losses in its Other Flooring Products line...
Studemeir Paint & Floors (SPF) has experienced net operating losses in its Other Flooring Products line during the last few periods. SPF’s management team thinks that the store will improve its profitability if it discontinues the Other Flooring Products line. The operating results from th...
1 answer
QUESTION 15 Kwok Enterprises has the following income statement. How much after-tax operating income does the...
QUESTION 15 Kwok Enterprises has the following income statement. How much after-tax operating income does the firm have? $2,850 1,400 Sales Costs Depreciation EBIT Interest expense EBT Taxes (25%) Net income 250 $1,200 70 $1,130 283 $848 O a. $684 O b. $626 O c. $720 O d. $742 O e. $619...
1 answer
Find the source current is in the following circuit. j1 19 1: 2 10 1. =...
Find the source current is in the following circuit. j1 19 1: 2 10 1. = 42120°A Ideal transformer...
1 answer
1 Which statement most accurately reflects the research on adolescent employment
1 Which statement most accurately reflects the research on adolescent employment? A the number of hours worked affects adolescent well-being B the benefits of employment far outweigh the negative effects C most adolescents report positive effects of employment D adolescent employment frequently help...
1 answer
What causes temperature extremes in the desert?
What causes temperature extremes in the desert?...
1 answer
Three genes with recessive mutant phenotypes are located on the same chromosome in maize: waxy endosperm...
Three genes with recessive mutant phenotypes are located on the same chromosome in maize: waxy endosperm (wx), shrunken endosperm (sh), and virescent seedling (v). A plant with all three mutant phenotypes is crossed with a true-breeding, wild-type plant. Resulting F1 plants are then backcrossed to t...
1 answer
Please help with these and write their phases Enter electrons as e. Use smallest possible integer coefficients. If...
please help with these and write their phases Enter electrons as e. Use smallest possible integer coefficients. If a box is not needed, leave it blank. A voltaic cell is constructed from a standard Mg2+Mg half cell (Ered = -2.370V) and a standard Hg2+ Hg half cell (Eºred=0.855V). The anode...
1 answer
Question 6 (3 Points) This assignment is set up for sequential assessment. Complete each question and...
Question 6 (3 Points) This assignment is set up for sequential assessment. Complete each question and submit the answer before moving on to the next question. Correct answers for each question will be made available once the maximum number of attempts have been made for each submission. Electric Fie...
1 answer
The graph of a distribution of data shows that the graph is ww. A) Median is...
the graph of a distribution of data shows that the graph is ww. A) Median is a better measure of central tendency B) Midrange is a better measure of central tendency C) Mean is a better measure of central tendency D) Mode is a better measure of central tendency then the 31) The number of student mem...
1 answer
6. Frequency dependence of the electrical conductioily. Use the equation midoldt +uh)--eE for the electron drift...
6. Frequency dependence of the electrical conductioily. Use the equation midoldt +uh)--eE for the electron drift velocity o to show that the conductivity at frequency e is (62) + Gar where ơ(0)-nerin....
1 answer
Over the past 100 years, the rate of return on stocks has averaged about _____, and...
Over the past 100 years, the rate of return on stocks has averaged about _____, and the return on bonds has averaged approximately _____. A. –10%; 5% B. 7%; 2% C. 1%; 2% D. 20%; 25%...
1 answer
1) Balance the following oxidation-reduction equations. a. Cr202- + H2O2 Cr3+ + O2 (Acidic Solution) 1)...
1) Balance the following oxidation-reduction equations. a. Cr202- + H2O2 Cr3+ + O2 (Acidic Solution) 1) Cr(OH)2 + OC → Cro2- + C1- (Basic Solution)...
1 answer
Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At...
Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 61,000 labor-hours. The estimated variable manufacturing overhead was $11....