1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jek_recluse [69]
3 years ago
6

GDP: Is It Counted and Where? For each of the following items, write one of the following in the space provided: C if the item i

s counted as consumption spending, T if the item is counted as investment spending, G if the item is counted as government spending, NX if the item is counted as net exports, and NC if the item is not counted in GDP. 1. You spend $7.00 to attend a movie. __ 2. A family pays a contractor $100,000 for a house he built for them this year. __ 3. A family pays $75,000 for a house built three years ago. __ 4. An accountant pays a tailor $175 to sew a suit for her. __ 5. The government increases its defense expenditures by $1,000,000,000. __ 6. The government makes a $300 Social Security payment to a retired person. __ 7. You buy General Motors Corp. stock for $1,000 in the stock market. __ 8. At the end of a year, a flour-milling firm finds that its inventories of grain and flour are $10,000 above the amounts of its inventories at the beginning of the year. __ 9. A homemaker works hard caring for her spouse and two children. __ 10. Ford Motor Co. buys new auto-making robots. __ 11. You pay $300 a month to rent an apartment. __ 12. Apple Computer Co. builds a new factory in the United States. __ 13. R.J. Reynolds Co. buys control of Nabisco. __ 14. You buy a new Toyota that was made in Japan. __ 15. You pay tuition to attend college. __ We count only the final retail price of a new good or service in GDP. Why? A purely financial transaction will not be counted in GDP. Why? When a homeowner does home-improvement work, the value of the labor is not counted in GDP. Why?
Business
1 answer:
Salsk061 [2.6K]3 years ago
4 0

Answer:

Check the following solutions.

Explanation:

(1) C

Money spent for movie ticket is personal consumption.

(2) I

Purchase of new residential house is included in GDP under fixed residential investment.

(3) NC

Purchase of used good is not counted (to avoid double counting).

(4) C

Money spent for suit is personal consumption.

(5) G

Defense spending is included in government purchase of goods and services.

(6) NC

Social security, being a transfer payment, is excluded from GDP.

(7) NC

Purchase of stocks is excluded from GDP.

(8) I

Unintended inventory is included under Gross private domestic investment.

(9) NC

Unpaid services are excluded from GDP since market value cannot be precisely computed.

(10) I

The robots are physical capital for Ford's business.

(11) C

Rental payment is personal consumption.

(12) I

Building new factory is fixed non-residential business investment.

(13) NC

Transfer of corporate ownership is excluded from GDP.

(14) NX

Purchase of Japanese car is an Import, included under NX.

(15) C

Tuition payment is personal consumption.

You might be interested in
The federal funds rate is the interest rate that banks charge one another for short-term (typically overnight) loans. When the F
WARRIOR [948]

Answer: decreases

                                                                         

Explanation: The following practice is done by the central bank in the situation of inflation when there is an excess supply of money in the economy.

The central bank tries to decrease the funds by selling the govt bonds to the banks. This results in decrease in funds from banks as they have to buy such bonds from their respective funds.

6 0
3 years ago
An individual stockholder is entitled to receive any dividends declared on stock owned, provided the stock is held on the date o
Nataly_w [17]
An individual stockholder is entitled to receive any dividends declared on stock owned, provided the stock is held on the ex-dividend date. This is the date that is scheduled by the stock exchange. It is the date where you are entitled as the owner of a stock.
7 0
3 years ago
Northern Air has dozens of flights daily into and out of Belleville Airport, which is highly congested. Northern Air depends for
gladu [14]

Answer:

The answer is E.

Explanation:

Given the information about the airline company Northern Air and their problem with Belleville airport, when we evaluate the options for any disadvantages for Northern Air we can say that;

Option A, being able to schedule flights without stopping for refueling is completely an advantage for Nothern Air.

Option B, the decline of the cost of aviation fuel over the next several years can only cause a problem if the amount they will save from their fuel costs and other costs are going to exceed the amount that will be spent on the Skybuses.

Option C, several mechanics losing their jobs is certainly not the most serious disadvantage Northern Air is going to have from this action.

Option D, the fact that none of Northern Air's competitors in the Belleville Airport are buying Skybuses is not a disadvantage for Northern Air.

Option E, the aerodynamic of the Skybus causing turbulence and therefore leading the delay for the take-off could be a serious disadvantage because of its affects to the company's strict flight schedules.

I hope this answer helps.

4 0
3 years ago
A company is 40% financed by risk-free debt. the interest rate is 10%, the expected market risk premium is 8%, and the beta of t
Evgen [1.6K]
What is the question? i need more details to helpp you properly
6 0
2 years ago
Any part of an organization whose manager has control over and is accountable for cost, profit, or investments is a(n)
AleksandrR [38]

A responsibility center is any part of the firm whose manager  has control over and is accountable for cost, profit or investment decisions of the part of the firm under his control.

What are the different types of responsibility center?

There are three types of responsibility center as listed below:

-Profit center

-Cost center

-Investment center

A  cost center's manager is accountable for the profits of the division without been held responsible for its revenue and profits.

A profit center's manager would be accountable for revenue or sales and profit of the center as well as costs, in other words, the manager is expected to make decisions that minimize costs while also maximizing revenues and profits thereon.

Lastly, an investment center's manager would be able to take decisions bordering on costs reduction, revenue and profit maximization including whether or not to invest in new equipment or assets.

Overall, all of the aforementioned are known as responsibility centers, hence, the correct option is responsibility centers.

Read more about responsibility center on:brainly.com/question/24553900

#SPJ1

8 0
2 years ago
Other questions:
  • New corporation had net income for 2016 of​ $80,000. new corporation had​ 13,000 shares of common stock outstanding at the begin
    13·1 answer
  • Leon is 28 years old and pays cash for everything he buys. He has never had credit in his name and never missed or been late on
    7·1 answer
  • Scenario 26-3. Assume the following information for an imaginary, open economy.
    7·1 answer
  • An estate provides a perpetuity with payments of X at the end of each year. Seth, Susan, and Lori share the perpetuity such that
    14·1 answer
  • The management of California Corporation is considering the purchase of a new machine costing $400,000. The company's desired ra
    12·1 answer
  • What is the risk you are taking when investing in bonds? How can you minimize this risk?
    12·1 answer
  • "Bronson Manufacturing is planning to issue $12 million in bonds. Based on a poll of potential investors, they have the highest
    12·1 answer
  • You happen to be checking the newspaper and notice an arbitrage opportunity. The current stock price of Intrawest is $20 per sha
    7·1 answer
  • Ronnie operates a lawn-care service. On each day, the cost of mowing the first lawn is $15, the cost of mowing the second lawn i
    15·1 answer
  • 1. Did any Enron employees act Unethical in any manner? If so, give specific<br> examples.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!