Are "intermediate goods" included in the calculation of GDP? Explain why or why not. We usually discuss GDP in terms of what is included in the definition. What is not included in GDP? Why are these things excluded? Can you name items that would not be c...
We usually discuss GDP in terms of what is included in the definition. What is not included in GDP? Why are these things excluded? What is the largest component of GDP? Given your answer, how do you think this component can be stimulated?
GDP: GDP or the Gross Domestic Product is the monetary value in local currency of the final goods and services produced within the boundary of the country in a specific period of time. Answer and Explanation:1 GDP is basically the value of total production of goods and services produced in ...
The net foreign factor income shows the difference between two things. One is the income that the country’s citizens make abroad. The other is the income foreign citizens make in the country. GDP of the US In the US, the Bureau of Economic Analysis (BEA) is in charge of the GDP calcu...
(GDP) growth forecast, but we are holding to the view that the economy will continue to grow at a very modest pace. In other words, we do not expect the onset of outright contraction—a recession—but I have to say the risk of recession is higher than we perceived a month or two ...
What precisely triggered off yesterday's riot is still unclear... 究竟是什么引发了昨天的骚乱还不清楚。 柯林斯高阶英语词典 What I wanted, more than anything, was a few days' rest... 我最想要的就是能休息几天。 柯林斯高阶英语词典 She had been in what doctors described as an irreversible ve...
Meanwhile, most young people in the West are expected to leave what could be life's most momentous decision—marriage—almost entirely up to luck. 同时,人们认为西方的大多数年轻人把婚姻这一可能是人生最重要的决定几乎完全交由命运来安排。 柯林斯高阶英语词典 He drinks what is left in his glass ...
What is the difference between Real GDP and GDP? What is GDP, and what are the ways to calculate it? Tell what is included in the measure of national GDP. What things are excluded? Explain clearly 3 limitations of using Real GDP per capita as a measure for comparing living standards betw...
The standard of living is measured bythings that are easily quantified, such as income, employment opportunities, cost of goods and services, and poverty. Factors such aslife expectancy, the inflation rate, or the number of paid vacation days people receive each year are also included. Other ...
Aggregate supply responds to higherdemand(and prices) in the short run by increasing the use of current inputs in the production process. The level ofcapitalis fixed over shorter periods. This means that a company cannot do certain things, such as erecting a new factory or introducing a new...