1. Identify whether the following items are officially included in United States GDP or GNP.   a.The wage of a Mexican citizen who works in a farm in Texas in United States.   b. The profit earned by a Brazilian Citizen who works in New York stock exchange in NewYork.     c. The income earned by an American professor delivering a series of lectures in London.   d. The value of Espresso coffee Star Bucks produces in France.

Q: 1. Identify whether the following items are officially included in 2019 GDP or Not. Give specific…

A: The GDP (Gross Domestic Product) calculation includes the final value of all goods and services…

Q: Which of the following examples is counted in the calculation of GDP of the United States? O A.…

A: GDP is Gross Domestic Product. It is the sum of production of all goods and services produced in an…

Q: a. Explain briefly what the consumer price index tries to measure?

A: Since you have posted multiple questions, we will solve the first one for you. If you want any…

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A: The Gross Domestic Product is the summation of the money value of all the final goods and services…

Q: Why do economists include only final goods and services in measuring GDP for a particular year? Why…

A: GDP is a macroeconomic measure used in the computation of the aggregate total output produced in an…

Q: 2) Which of the following items are included in GDP? For those items not included, explain why they…

A: Answer - Need to find- Which of the following items are included in GDP? For those items not…

Q: 4.  a mechanic builds an engine and then sells it to a customized body shop for $7,000. the body…

A: GDP refers to the total value of all the final goods and services produced within the economy during…

Q: 2. 2. Which of the following are included in this year's GDP? Explain why each is included. (a) Dr…

A: GDP (Gross Domestic Product):  It refers to the value of all final goods and services produced…

Q: Compute the economy's GDP using the expenditure approach. Assume that all transactions are 2019. C…

A: Hector spent for the maintenance of his car P 70,000 per month will be considered  Consumption  = P…

Q: 1. The largest expenditure category of GDP is investment spending. Group of answer choices True…

A: Investment spending: It refers to the amount of investment that is made on the purchase of capita…

Q: If Mercedes builds cars in the United States, is their value counted in U.S. GNP? If General Motors…

A: GDP refers to the monetary value of goods and services produced in the county in a particular period…

Q: PROBLEMS AND APPLICATIONS 1. What components of GDP (if any) would each of the following…

A: Hi, thank you for the question. As per our Honor code, we can attempt only one question. If you want…

Q: For each of the following transactions, determine the contribution to the current year's GDP a) On…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three subparts…

Q: Which of the following are included in this year’s GDP? Which are excluded or included.        a.…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: What is the contribution to 2020 U.S. GDP in the following scenario? A Michigan family takes a trip…

A: Gross Domestic Product is the total value of goods and services are Produced in the country's…

Q: (a) Two years ago you bought a used car for $1,000 and spent $5,000 on parts for improving it.…

A: "Since you have asked multiple question,we will solve first question for you.If yo want specific…

Q: Last year, a small nation with abundant forests cut down $200 worth of trees. It then turned $100…

A:

Q: 23. Which of the following would be considered a final good or service in the calculation of GDP?…

A: GDP stands for Gross Domestic Product. It is the market value of all final goods and services…

Q: List, and describe, 3 shortcomings of using GDP as a measure of the health of the economy. Look at…

A: GDP is widely used in many nations to measure the health of economy but there is a lot of…

Q: Using the expenditure approach, compute the value of the GDP? Transfer Payments $54 Interest Income…

A: GDP using expenditure approach: Household Consumption + Government Expenditure + Investment + Net…

Q: Which of the following are included in GDP, and which are not? a. The cost of hospital stays b. The…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: Last year, a small nation with abundant forest cut down $200 worth of trees. It then turned $100…

A: We will use Value of output approach to calculate the GDP for the given nation. Each activity adds…

Q: 6.) Which of the following Transactions will be included in GDP for the United States? a.)…

A: GDP is the total market value of all finished goods and services produced in the country.

Q: 7. Which of the following would be counted in France's GDP? A The purchase of a motorcycle to one's…

A: GDP is the final value of all goods and services produced in a country during a given year. Whatever…

Q: 1. The following table lists the stages in the production of a personal computer. What is the value…

A: Macroeconomics analyzes the economy as a whole. It studies aggregate economic concepts such as…

Q: Which of the following items are included in GDP? For those items not included, explain why they are…

A: Gross domestic product (GDP) is the monetary value of all goods and services produced within the…

Q: .Assume a Hyundai dealership in Delhi bought 30 Hyundais from Korea at a cost of $15,000 per car in…

A: here we calculate the given by following method as follow;

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A: Answer -

Q: 1) How do the following events influence Turkish GDP? a. Mothers living in Turkey take care of their…

A: GDP: It is the final market value of goods and services produced in the country during a year.

Q: Assume that the Netherlands makes only 2 goods; Gouda cheese and stroopwafels. In 2018, they sold 10…

A: GDP deflator = (Real GDP/Nominal Gdp) *100 Nominal GDP in year 2018 Price in 2018 * Quantity in 2018…

Q: Identify whether the following items are officially included in United States GDP or GNP. a. The…

A: GNP  = GDP + net property income from abroad.

Q: Which of the following are included in the year’s GDP? which are excluded? Explain your answers…

A: GDP (Gross Domestic Product): It refers to the value of all finished goods and services that are…

Q: Which of the following are included in the year’s GDP? which are excluded? Explain your answers 1.…

A: Since you have posted multiple sub-parts, we are answering the first three for you. If you want…

Q: Imports Exports Consumer 80 billion 40 billion 185 billion semi-durables Profits 320 billion.…

A: Gross domestic product (GDP) is the standard degree of the value introduced created through the…

Q: 4. Consider the expenditure approach to the measurement of GDP. For each of the following…

A: GDP: The all-out financial or market estimation of the multitude of completed merchandise and…

Q: 8. A farmer grows a bushel of wheat and sells it to a miller for birr 8.00. The miller turns the…

A: 8. Value or product added method is a method of calculating national income. This method includes…

Q: GDP

A: Gross Domestic Product (GDP) measures the all-final goods and services’ value produced through-out a…

Q: or each of the following transactions, determine the contribution to the current year's GDP. xplain…

A:

Q: What is the real GDP in University Town in Year 2 assuming year 1 is the base year? Good Quantityr1…

A: Formula for calculating real GDP in 2nd year at 1st year as the base year is shown below.

Q: 10. Which of the following is included as investment in GDP? i. Cars produced during the year but…

A: GDP is the sum of consumption expenditure, investment expenditure, government expenditure and net…

Q: Explain the difference between GDP and GNI.

A: Gross Domestic Production is the total monetary of all the finished goods and services which are…