The value of what Burger King produces in France is included in the United States and in the French. O A) GDP; GNP O B) GDP; GDP O C) GNP; GNP D) GNP; GDP
Q: Which of these words do not belong to the group? O a. National income O b. Local culture O c. Price…
A: Local culture is not part of macroeconomics.
Q: Refer to Table Above. What is the value of GDP? O $1,150 billion O $1,210 billion O $1,060 billion O…
A: GDP or the gross domestic product refers to the value of all final and finished goods and services…
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A: The economics as a study is based upon the idea that the resources which are available with the…
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A: * ANSWER :- From the above information the answer is provided below.
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A: The measure that indicates the values of final goods and services being produced in an economy…
Q: QUESTION 20 An imaginary economy of Fruitsland has the following data: Adult Population = 50 million…
A: Labor force Participation Rate = (labor force/ working age population) × 100 Unemployment rate =…
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A: GDP is the value of final goods and services produced in the country by citizens and non citizens.…
Q: GDP is defined as the market value of all in a given time period. O a. final goods and services…
A: GDP is the value of all final goods and services produced within the domestic territory of a country…
Q: The total market value of all final goods and services produced within a given period by factors of…
A: Factors of production: - The inputs that are used to produce goods and services known as the factors…
Q: QUESTION 7 If the number of worker-hours in an economy is 100 and its labor productivity is $9 of…
A: The economies around the world tend to focus on their growth, and development, where various…
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A: Microeconomics manages costs and production in single markets and the connection between various…
Q: 100 80 60 40 2020 2015 20 2010 20 40 60 80 Percentage of Households 100 In 2010, of the households…
A: Answer to the question is as follows:
Q: If the base year is 2006, the real GDP will not be calculated for 2005. This statement is O a. Can…
A: Nominal GDP = Current Year Prices * Current Year Quantities Real GDP = Base Year Prices * Current…
Q: A real quantity is a quantity measured: Select one: O a. in physical terms. O b. using real prices.…
A: The real quantity is the actual quantity produced in the particular time period.
Q: A farmer sells wheat to a baker for $3. The baker uses the wheat to make bread, which is sold for…
A: GDP is total value of goods and services produced in economy in a particular period of time.
Q: The GDP for a small economy in 2010 was $9,950. This was composed by $4,600 of consumption, $2,650…
A: GDP: GDP or gross domestic product is the final value of all the goods and services that are…
Q: Suppose a house is built and sold in the year 2006. If the house is resold in the year 2017, would…
A: Answer- Need to find- Suppose a house is built and sold in the year 2006.If the house is resold in…
Q: Which of these statements is not true when we discuss GDP calculation? O a. GDP includes earnings of…
A: GDP refers to the sum of the value of goods and services produced in a country in a particular…
Q: The GDP of the U.S. in 2014 was around $17.4 trillion. This means Lütfen birini seçin: O A. that…
A: Gdp is the value of all the goods and services produced in an country during a particular period of…
Q: Table 7-3 (in $ billion) consumption = %3D $1,000.00 inventory investment = $450.00 !3! purchased of…
A: The formula is:GDP = consumption + Inventory investment + purcahse of new capital goods + govenment…
Q: Compared to the developing economies, the advanced economies have human capital and physical…
A: (Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: In 2009, Corny Company grows and sells $2 million worth of corn to Tasty Cereal Company, which makes…
A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…
Q: Which of these statements is not true when we discuss GDP calculation? O a. GDP includes earnings of…
A: GDP can be calculated by adding up all of the money spent by consumers, businesses, and government…
Q: By summing up all the value added in each phase of production, we have. O A. Underestimated GDP O B.…
A: The measure which depicts the market value of all the goods and services which are in a specific…
Q: Consumption expenditure Investment Government expenditure on goods and services Exports of goods and…
A: Gross Domestic Product (GDP) is defined as the monetary value of all final goods and services…
Q: Which of the following are included in the income approach to calculating GDP? ..... O A. corporate…
A: the formula for calculating by income approach =W + R + I + PR wages is defined as the incomes…
Q: GDP includes the goods and services produced O A. within a country's borders by citizens and by non…
A: To analyze the actual output generated by the people of the country and total amount of income…
Q: The total market value of all final goods and services produced within a given period by factors of…
A: Statisticians and economists apply different methods to trace growth of economy. The most common and…
Q: e statement that total sales by businesses rose by 1.5 percent means that GDP. because O A.…
A: Gross domestic product(GDP) measures the money value of all final goods and services produced in an…
Q: Which of the following relations is not correct? O A. MPC + MPS = 1. O B. APS +APC = 1. OC. MPS =…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: production possibilities frontier outward? O A. An increase in the capital stock. O B. An increase…
A: Production possibility frontier depicts the varying amount of two goods that is produced when they…
Q: This question considers GDP in a country in a single year. Which of the following stasements are…
A: The total value of all commodities and services generated by the country in a year is referred to as…
Q: billion. This economy's gross domestic product (GDP) equals O a) $1,515 O b) $850 Oc) $1,400 O d)…
A: Gross domestic product is the total value of goods and services at market prices in a country over a…
Q: The GDP at Q101 is 250600 and the GDP at Q102 is 260700. What is the total GDP growth between Q101…
A: Growth of GDP shows the amount by which the output or the value of goods and services has increased…
Q: Which of the following statements are correct? Select one or more: O a. Government spending on goods…
A: GDP The Gross Domestic Product (GDP) basically refers to the sum of all the value added in a given…
Q: Suppose that Moby went from a stay-at-home father to a paid worker. He now earns $300 a week but…
A: Gross domestic product (GDP) is the standard measure of the value added created through the…
Q: In a given year, suppose a company spends $100 million on intermediate goods and $200 million on…
A: 6. Given information Value of intermediate goods used = $100 million Wages = $200 million Total…
Q: 2003 10,960.8 106.4 2007 13.841.3 11.566.8 119.6 What is the REAL GDP for the year 1990? O a. $3,990…
A:
Q: What was Crete's GDP? Select one: O a. $6839 O b. $6438 O c. $4623 O d. $5731 O . $6037
A: The measure that in turn depicts the final value of services and goods in an economy that are being…
Q: The countries with the highest mean incomes are also the countries with the highest O savings to…
A: When talking about mean income, it is the average level of income generated within the economy by…
Q: If nominal GDP is $900 and GDP deflator is 120, what is the real GDP in the economy? O a. 1350 O b.…
A: Real GDP = (Nominal GDP / GDP deflator) x 100
Q: Question 20 prices. Nominal gross domestic product (GDP) is GDP measured in O a) base O b) current…
A: GDP is the value of all the goods and services in an economy at a given point of time. GDP is…
Q: A country with a small per capita gross domestic product (GDP) O a) is efficient. O b) has low…
A: Per capita GDP is an indicator of overall economic well-being
Q: The table below includes data for a one-year period required to calculate GDP from the expenditure…
A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…
Q: Many economists argue that real GDP is Select one: O a. not a good measure of economic well-being…
A: Many economists do not consider real GDP as a good measure of standard of living or wellbeing as GDP…
Q: Productivity is defined as O 1) output per person. O 2) output per unit of capital. O 3) output per…
A: Productivity is characterized as the amount of merchandise and enterprises delivered from each until…
Q: Which one of the following statement is correct? O a. Higher National Income with no change in…
A: National Income is the total value of final goods and services that are produced in a financial…
Q: In a small country, using prices of 2010, GDP in 2010 was $100 and GDP in 2011 was SIIU. Using…
A: The real GDP is measured takes into account the value of goods & services produced in the given…
Q: Using the table above, nominal GDP for Doc's Coffee in 2013 was O $47,000 O $60,000
A: The Nominal GDP is simply calculated by multiplying the production or output with prices of a given…
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- Which of the following does NOT describe Agriculture in Tanzania? O Employees 67% of people GDP of 23% O Export earnings of 30% O Very strong agro-processing industrial base7. Suppose a country produces three goods: Good X, Good Y and Good Z. The following table provides information about the prices and output for these three goods for the years 2018, 2019 and 2020. Price per Geod X Quantity of Good X Price per Good Y Price per Good Z Xear Quantity of Goed Y Quantity of Goed Z 2018 $10 10 $5 10 $10 20 2019 $10 14 $5.2 11 $10 21 2020 $11 14 $5.4 12 $10 23 d. Using 2018 as the base year, fill in the following table. Xear Real GDP 2018 2019 2020c. Compare the agricultural employment share and agricultural labor productivity, boththe level and the trend, between the two groups of countries(high-income vs. low-income countries). What can you tell about the differences?d. The theory in Lagakos and Waugh (2013) explains the low agricultural labor productivityin low-income countries with self-selection. Explain the main mechanism of the theory onhow self-selection leads to low agricultural labor productivity in poor countries. (both c and d please)
- The GDP of the U.S. represents about O 25 O 35 O 45 O 55 % of the GDP of the world.01 20 wered For each fancy dress Cafilla produces, it gives up the opportunity to make 50 pounds of cheese. Bodoni can produce one fancy dress for every 100 pounds of cheese it produces. If specialization and trade were to occur between these two countries, which of the following would be consistent with the theory of comparative advantage? O a. Bodoni has the comparative advantage in only dresses. O b. Cafilla has the comparative advantage in only cheese. O c. Cafilla has the comparative advantage in only dresses. O d. Bodoni has the comparative advantage in dresses and cheese. O e. Cafilla has the comparative advantage in dresses and cheese. D AssignmentMain.do?takeAssignmentSession Locator assignment-take,0896c4f4-0518-431a-b10a-1cd73a8289c4# Show -9 bike 2 bike jpg.jpg bike 2.jpg T ▬▬ 6:5 6/12/2 ➡+ prt so R % 5 L G B O Y I & 7 x 8 l J C IAA 00 M 9 K fio ► 11 O ENG S DWhich of the following is NOT a concern for macroeconomics? O A. The level of unemployment caused by the COVID 19. B. The loss of economic output caused by COVID 19. O C. The change in the price level of alcohol-based hand sanitisers caused by COVID 19. O D. the change in the level of imports vs exports caused by COVID 19.
- Suppose that Russia produces 10,000,000 barrels of oil and 1,000 bushels of wheat each week. Suppose that India produces 10657 barrels of oil and 10657 bushels of wheat each week. In autarky, what is the largest amount of wheat Russia can consume every week? amount of wheat per week: What does the term autarky refer to? O a major argument against globalization government policies meant to reduce international trade the process of negotiating terms of trade between two countries a situation where one country does not engage in trade with other countries bushelsIf Texia specializes in food, it can produce 1,000 units of food and 0 units of clethingg this year If it specializes in clothing, it can produce 500 units of clothing and O units of food. This year Urbania can produce either 500 units of food and O units of clothing or 200 units of cleth and O units of food. (assume linear production possibility frontiers) has the comparative advantage in the production of clothing and comparative advantage in the production of food. has the Urbania; Texia O Texia; Texia Urbania; Urbania Texia; UrbaniaArtica is a nation with a simple economy that produces onlysix goods: oranges, bicycles, magazines, paper, orange juice, and hats. Assume that half of all the oranges are used to produce orange juice and one-third of all the paper is used to produce magazines. 2009 2010 2011 PRODUCT QUANTITY PRICE QUANTITY PRICE QUANTITY PRICE 180 $ 0.90 200 $ 1.00 200 $ 1.25 Oranges Bicycles 20 85.00 25 90.00 30 95.00 Magazines Paper 175 3.50 150 3,50 150 3.25 675 0.60 600 0.50 630 0.50 Orange juice 40 3.50 50 4.00 60 4.50 Hats 70 10.00 80 12.50 100 15.00 a. Use the production and price information in the table to calculate nominal GDP for 2011. b. Use the production and price information in the table to calculate real GDP for 2009, 2010, and 2011 using 2009 as the base year. What is the growth rate of real GDP from 2009 to 2010 and from 2010 to 2011?
- Q4. Gorgonzola is a small island nation with a simple economy that produces only six goods: sugar cane, yo-yos, rum, peanuts, harmonicas, and peanut butter. Assume that one- quarter of all the sugar cane is used to produce rum and one- half of all the peanuts are used to produce peanut butter. 2015 Quantity Price Quantity Price Quantity Price 2013 2014 Product Sugar cane Yo-yos 240 s0.80 240 S1.00 300 S1.15 600 2.50 700 3.00 750 4.00 Rum 150 10.00 160 12.00 180 15.00 Peanuts s00 2.00 450 2.50 450 2.50 Harmonicas 75 25.00 75 30.00 85 30.00 Peanut butter 100 4.50 85 4.50 85 5.00 a. Use the production and price information in the table to calculate nominal GDP for 2015. b. Use the production and price information in the table to calculate real GDP for 2013, 2014, and 2015 using 2013 as the base year. What is the growth rate of real GDP from 2013 to 2014 and from 2014 to 2015? c. Use the production and price information in the table to calculate real GDP for 2013, 2014, and 2015 using 2014…Assume an economy where there are two producers: a wheat producer and a bread producer. In agiven year, the wheat producer grows 3 million tonnes of wheat, of which 2.5 million tonnes aresold to the bread producer at $30 per bushel, and 0.5 million tonnes are stored by the wheatproducer to use as seed for next years crop. The bread producer produces and sells 100 millionloaves of bread to consumers for $3.50 per loaf. Determine GDP in this economy during this yearusing the product and expenditure approaches.24 of 38 For each hour worked, a U.S. worker can produce 4 loaves of bread, or 2 tons of steel. Canadian workers can produce 2 loaves of bread, or 1 ton of steel per hour. The information indicates that: O A. Canada has comparative advantage in steel, and the U.S. has comparative advantage in bread. O B. neither country has comparative advantage in steel or bread. O C. Canada has comparative advantage in bread, and the U.S. has comparative advantage in steel. O D. the U.S. has comparative advantage in both steel and bread. Unsure