Which of the following would be counted in GDP? A) The sale of a used door to a homeowner. B) The sale of a new door to homeowner. C) The sale of a used door to TapKon construction for installation into a new home. D) The sale of a new door to TapKon construction for ...
1. Which of the following transactions is included in US GDP for this year? Joe purchases a Toyota Tacoma built in Kentucky last December for his wife, Tonya. Kira orders windshield wipers for installation in new postal trucks that will be sold to UPS. James, a Frenchman, orders three doze...
Can you name items that would not be counted in the current year's GDP? Explain why each is not a part of GDP. GDP does not include the value of used goods that are resold. Why would including such transactions make GDP a less informative measure of eco...
Which of the following gives the best indication of economic growth in a nation: a) The rate of inflation, b) The rate of increase of nominal gross domestic product (GDP), c) The rate of increase in real GDP, d) The rate of incre...
However, the real GDP (expressed in 2014 dollars) would only be $75 billion, revealing that an overall decline in real economic performance actually occurred during this time. What Does GDP Tell You? A country’s GDP represents the final market value of all the products and services that a...
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4. Which of the following would be the best title for the passage? A.High GDP but Inadequate Well-Being, a UK Lesson B.GDP Figures, a Window on Global Economic Health C.Rebort F Kennedy, a Person Who Puts an End to GDP D.Brexit, the UK’s Gateway to Well-Being 23-24高一上·...
Which of the following expenditures would not be included in GDP? What are the main components of measuring GDP with what is produced? What is the largest component of GDP? a. consumption b. investment c. government purchases d. net exports ...
3. Which of the following would be the best title of the passage? A.Turning ideas into reputation B.World’s best universities ranked in order of reputation C.The top 200 universities in the USA D.Reputable Universities attractive to more students ...
counting illegal activities would have increased nominal U.S. GDP by more than 1% in 2017. At the same time, the GDP figures include BEA estimates of what homeowners would have paid to rent equivalent housing so that the GDP does not increase every time an owner-occupied home is rented....