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3 years ago

Which goods would be included in the calculation of GDP

1 answer:

7 0

The simplest way to explain it is that the GDP includes all of the goods that have been produced in a specific time frame, usually one year. The GDP is measured for each country separately, though it can also be measured by organization, region, etc. To be more specific, the final goods that the GDP includes in it include all of the public and private consumption, investments, construction costs, government outlays, additions to private inventories, as well as the foreign trade balance. The GDP is often used to describe a country's economy and the living standard, but it is far from the best measure for those things.

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Summary and reflection ....<br>how can we manage the problem of scarcity ?

Effectus [21]

The main thing we can do to manage the problem of scarcity is to not overspend.

Scarcity happen when the number of demand in our society heavily outnumber the amount of resources available. By observing our consumption behavior today, we will notice that a lot of people spend money to buy more goods or services that they actually need.

If we control this overspending behavior, not only people who overspend can save some of their money, there will be a lot of goods/services left for other people.

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3 years ago

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Druganaut company buys a $21,000 van on credit. the transaction will affect the

Debora [2.8K]

Balance sheet.

The balance sheet shows assets, liabilities, and stockholder's equity. Buying the van on credit would be a liability.

5 0

3 years ago

One example of a microeconomic question is, "How will prices in the clothing industry change if the government bans imports from

fredd [130]

Answer:

True

Explanation:

Microeconomics is a branch of economics that studies the decisions individuals and firms make in response to changes in economic factors. These factors include price, resources etc. it studies how firms and individuals allocate and make decisions about resources

The question is looking at the effect of price on an industry. This is what microeconomics study

Macroeconomics is a branch of economics that studies the economy as a whole. Macroeconomics studies economic aggregates such as inflation, unemployment, GDP and growth rate.

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3 years ago

Grand Energy Corporation (GE) plans to issue bonds to raise $190 million. GE's investment banker will charge 5 percent of the to

Pavlova-9 [17]

The number of bonds that GE must sell to net $190 million after flotation costs is 200,000 bonds.

<h3>Number of bonds</h3>

First step is to calculate the amount issue

Net proceeds = Amount of issue x (1 - Flotation costs)

$190,000,000 = Amount of issue x (1 - 0.05)

Amount of issue = $190,000,000/0.95

Amount of issue= $200,000,000

Second step is to calculate number of bonds

Number of bonds = $200,000,000/$1,000

Number of bonds= 200,000 bonds

Inconclusion the number of bonds that GE must sell to net $190 million after flotation costs is 200,000 bonds.

Learn more about bonds here:brainly.com/question/25596583

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2 years ago

Which response core capability involves ensuring the capacity for timely communications in support of security, situational awar

xeze [42]

<span>On-scene security, Protection, and Law Enforcement</span>

On-scene security, Protection, and Law Enforcement entails conducting appropriate measures to ensure the protection of the health and safety of the public and workers, as well as the environment, from all hazards in support of the responder operations and the affected community

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3 years ago

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