Which of the following items are included in the U.S. GDP? For those items not included, explain why they are not included in the U.S. GDP. 1) Jane buys a newly issues shares of stock in Macro.com, Inc. 2) Ross buys a new pair of jeans at a local department store. 3) Joey has his mustache trimmed at hair salon.

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 farmer produces milk, which he sells to a mill for 1000 tk. The mill turns the milk into cream,…

A: GDP(Gross Domestic Product) is the total money value of all the goods and services produced in a…

Q: Explain why it is the case that the value of intermediate goods produced and sold during the year is…

A: Intermediate goods produced and sold during the year are not included in GDP calculation because…

Q: Refer to the table below for a very simple economy producing three goods: movies, burgers and bikes.…

A: GDP is the value of all final goods and services in a given year in any given economy. So here while…

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: Which of the following are included in this year’s GDP? Explain your answer in each. The income of a…

A: GDP computes the monetary value of final goods and services—that is, those that are purchased by the…

Q: Identify whether or not each of the following transactions would be included in GDP, and if so,…

A: e.A homeowner buys shingles to re-do her roof. Yes, this will be included in GDP, in consumption…

Q: GDP accounting, which of the following is not counted as investment spending?

A: Investment spending component in the GDP includes  1) purchase of capital goods like business…

Q: Discuss some of the reasons why economists should not consider GDP an effective measure of the…

A: Answer -

Q: Use the relevant numbers from the following information to compute GDP. Given this information, GDP…

A: In order to calculate the gross domestic product, we are required to use the below formula. GDP = C…

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: Identify whether or not each of the following transactions would be included in GDP, and if so,…

A: (d) would be included in GDP Income method.

Q: which of the following transactions is exclued from GDP? a. the brazilian air force buys jets from…

A: Just recently delivered products - including those that expansion inventories - are included in GDP.…

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

A:

Q: Determine if the following items enter the GDP calculation, and briefly explain WHy. (H the factors…

A: a) Increase of women in labour force participation would mean that higher number is women are taking…

Q: Which of the following are included in this year’s GDP? Explain your answer in each case.a. Interest…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Given the following: consumption = 450, investment = 100, government expenditure = 50 and net export…

A: Country's GDP is calculated by the following formula,  = Consumption + investment + government…

Q: Explain the impact of each of the following transactions on the calculations of Ghana’s GDP.a. A…

A: The term “GDP” refers to the Gross Domestic Product of the country. It is the market value of all…

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: Given the following: consumption = 300, investment = 150, government expenditure = 50 and net export…

A: GDP = consumption + investment + government expenditure + net exports

Q: GDP is a good and useful measure of general economic activity for each of the following reasons…

A: Answer: Option C (The total value of GDP is lower if the distribution of income is lower and less…

Q: What component(s) of GDP (if any) would each of the following transactions affect? Explain. You buy…

A: GDP of a country estimates all the transactions within the boundary of a country. It is considered…

Q: Suppose we have the following information about a car manufacturer: car sales £1000, steel purchases…

A: GDP is the value of all final goods and services produced in an economy over a given period of time.…

Q: A U.S.-owned automobile factory uses $50 million worth of materials produced in the U.S. and $10…

A: Given: $50 million worth of materials produced in the U.S. $10 million worth of material purchased…

Q: Please explain the difference between calculating GDP using the expenditure approach and the income…

A: The total value of goods and produced within a country in a financial year is referred to as…

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: Which of the following are counted in this year GDP? Justify your answer. a) A local car dealer sold…

A: Gross Domestic Product refers to the value of all the finished goods and services produced inside…

Q: Which spending category of GDP does each of the following transactions count in? Please enter the…

A: suppose,C= Consumption.I= Investment.G= Government spending.NX= Net export.N=None. We can enter the…

Q: 1. Which of the following is not included in the consumption component of GDP? Group of answer…

A: 1. The consumption component of GDP includes consumption of services, consumption of durable goods…

Q: The expenditure and value-added approaches to calculating GDP arrive at the same final number, but…

A: GDP can be calculated by using 3 methods which are the income method expenditure method and the…

Q: The following provides data for an economy in a certain year. Consumption expenditures $1,000…

A: "GDP indicates the monetary or market value of all the final goods and services produced in an…

Q: List some of the reasons why economists should not consider GDP an effective measure of the standard…

A: Standard of living is the element that affects the happiness of people, either these elements are…

Q: Which of the following transactions would be included in GDP? a. Abeer buys a newly constructed…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: What is total expenditure in an economy? Total expenditure is equal to expenditure ______. A. on…

A: Total expenditure in an economy is also referred to as its GDP. Total Expenditure includes…

Q: Refer to the table below for a very simple economy producing three goods: movies, burgers and bikes.…

A: GDP is the sum of total market value of goods and services which is produced domestically during in…

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

A: GDP: It means monetary or market value of all the finished goods and services that are produced…

Q: Which of the following transactions are or are not included in GDP? 1. The pollution created when…

A: 1)Not included in GDP Because externalities does not account for GDP. 2)Not included in GDP Because…

Q: Which is not considered to be a GDP investment?   The building of an apartment complex…

A: GDP is the measure of the sum of all the final services and goods produced within a country over a…

Q: Explain the difference between GDP and GNP. If the residents of Oman generate as much production in…

A: GDP (gross domestic product) of a country is the market value of all final commodities and services…