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3 years ago

Which of the following transactions adds to U.S. GDP for 2006?

Business

1 answer:

larisa86 [58]3 years ago

4 0

Explanation:

Remember that the GDP measures the market value of all goods and services produced in an economy (country or region) in a specific period of time

a. This does not add to the U.S GDP for 2006 because windows were produced in 2010.

b. This does not add to the U.S GDP for 2006 because the Irish marketing consultant earns in 2010.

c. This does not add to the U.S GDP for 2006 because Tim and Tina got married in 2010.

d. Transactions that add in 2010 GDP do not count in 2006 GDP.

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Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production

yuradex [85]

Answer:

The following scenarios from the listed are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States. They include;

1) The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.

2) The variety of goods available to consumers

3) The costs of overfishing and other overly intensive uses of resources.

8 0

3 years ago

The Cozy Chair Company believes it can sell 200 chairs at $200 per chair, or 300 chairs at $150 per chair. Using the midpoint fo

rusak2 [61]

Answer:

1.4

Explanation:

Given that

Q1 = 200

P1 = $200

Q2 = 300

P2 = $ 150

Recall that

Midpoint formula = Q2 - Q1/(Q2 + Q1)/2 ÷ P2 - P1/(P2 + P1)/2

= 300 - 200/(300 + 200)/2 ÷ 150 - 200/(150 + 200)/2

= 100/250 ÷ -50/175

= 0.4 ÷ 0.285

= 1.4

4 0

3 years ago

Read 2 more answers

Consider the relationship between the AE curve and the AD curve. A rise in the amount of desired consumption, investment, gover

Rudiy27

Answer:

The response options are:

B) real national income and AE.

C) AD and real national income.

D) the price level and desired consumption.

E) the price level and the equilibrium level of demand-determined national income.

The correct answer is: E) the price level and the equilibrium level of demand-determined national income.

Explanation:

Aggregate demand is the total planned or desired expenditure in the economy as a whole in a given period. It is determined by the aggregate price level and by factors such as investment, public spending and money supply.

COMPONENTS OF THE ADDED DEMAND:

Consumer expenses of domestic economies. It is the main component of aggregate demand.

Investment expenditure of companies or domestic economies. It refers to the increase in the physical capital stock, including the accumulation of stock of companies.

Purchases of goods and services for public service. Component

important, includes, for example, national defense expenses, salaries of officials, infrastructure, construction, etc.

Foreign demand (international trade). They are net exports exports - imports). It is a component of the total demand for the goods of an economy. The trade flows of a country are an engine that drives the economy to better product levels.

7 0

3 years ago

All sales are made on account. Collections from customers are normally 70 percent in the month of sale, 20 percent in the month

Taya2010 [7]

Answer:

The expected ending balance on November 30 will be $134,500

Explanation:

Sales Collected (165,000*70%) $115,500

Expenses paid ($36,000)

Cash Opening $55,000

Cash ending Nov 30 $134,500

5 0

3 years ago

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A recent news story reported that the Organization of Petroleum Exporting Countries is expected to decrease the supply of oil ne

erastovalidia [21]

Answer:

Option "C" is the answer.

Explanation:

Option "C" is the answer.

The decrease in the supply of oil will shift the supply curve leftwards. Similarly, the increases in the demand will shift the demand curve rightwards. The leftwards shift in the supply and rightward shift in the demand curve will result in an increase in price but the change in quantity can not be predicted because the magnitude of change will depend on the shift in the curves.

8 0

2 years ago