Say someone invent a machine capable of helping women pick up the roses. the effect of this invention would be to _______ the wa
1 answer:
You might be interested in
Answer:
The Gross Domestic Product (GDP) is a measure of the value of all final Goods and Services in an Economy in a given period usually a year.
It can be calculated using the Expenditure method which is;
= <em>Consumption + Investment + Government Spending + Net Exports</em>
Consumption
Here, the final goods and services that all households in the Economy purchased and used for the year are included. It is usually the largest component of GDP.
The following will fall here.
- <em>Ice cream</em>
<em>- A domestically manufactured personal computer</em>
<em>- Cab fare for personal use</em>
<em>- A ticket to a local sporting event</em>
<em>- 55 cent tacos</em>
Investment
The Goods that will fall under here include Capital goods purchased or made in an Economy for the purpose of increasing production capacity.
Of the goods listed only one will fall here being;
- <em>A Domestically Manufactured Personal Computer. </em>
<em />
Government Spending
This includes all Public Spending in the Economy on goods and services for things such as Health and Defense but excluding transfer payments such as Social Security.
- <em>Public School Teacher's Salary will fall under here. </em>
Net Exports
These are the Exported goods from the country less the goods that it imported. From the above only one item falls under this category;
- <em>Exported Doll House</em>
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
