1. d
(It is productive but as no market transaction occurs so it is not
included in GDP.)
2. c
(VAM is the sum of value added to a product at each level of
production.)
3. c
(It is purchased for final consumption so it is a final good.)
P Flag question Tommy Chong grows marijuana for home consumption (medicinal purposes only). This activity is:...
quel concury clearcou questions and each question has a value of 3 poil Question 20 Professor Snape grows cucumbers for home consumption. This activity is: excluded from GDP because no market transaction occurs O excluded from GDP because an intermediate good is involved O excluded from GDP in order to avoid double counting included in GDP because if reflects production of a good or service < Previous
i need answer of those question
Question 8 Figure 1 Hot yet Points out of Flag question Refer to Figure 2-1. In order to reach point the economy would have to Select one: O a acquire more resources or experience a technological advance. O b. begin using its available resources more efficiently than it is currently using them O c shift resources away from the production of ribeye steaks and toward production of books O d. None of the above...
this is the diagram for question 10 please answer
Select one That provide a value added Business do not pay for • Purchased for use as input in the production of in goods or services Od. That we part of non-market activities Chcm.choice 10 Nothing selected Sector tomat 100 P Refer to figure 1. A shift from ADT to AD2 will SELO Fique 2 Select one a. Eliminate the GDP gap because of the increase in output Ob Move equilibrium...
Question 1 Not yet answered Marked out of 1.00 P Flag question Price Quantity Refer to the diagram. A decrease in supply is depicted by a Select one a move from point x to point y b. shift from S2 to S1. c. move from point y to point x. d. Shift from S1 to S2. 9w0 NEX e When economists describe "a market," they mean Select one: a. a system that allows buyers and sellers to interact with one...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The production possibilities frontier is a graph that shows the various combinations of output that an economy a. should produce. b. wants to produce. c. can produce d. demands 2 The price index was 320 in one year and 360 in the next year. What was the inflation rate? a. 9 percent ((B-A)/A)*100 b. 11.1 percent c. 12.5 percent ((360 - 320)/320)*100 d. 40 percent...
Q1 Which of the following are included and which are excluded in calculating this year's GDP. Explain in each instance. a. A monthly scholarship cheque received by an economics student b. The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. An increase in business inventories e. Tim Horton's purchases a corner grocery store f. Fearless Qweenie Kong, a stuntwoman, purchases a life insurance policy for a billion dollars ($) g....
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Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...