Suppose the total market value of all final goods and services produced in Tanzania this year...
Suppose the total market value of all final goods and services produced in Tanzania this year is $421 billion. Of the $421 billion worth of goods and services, $420 billion is sold and $1 billion is held in inventory. For this year, the GDP for Tanzania is
Homework Answers
First of all let's get the meaning of gross domestic product
it is the final monetary value of all the production of goods and services within the domestic boundary of a country in a financial year
it is generally measured in quarterly or yearly basis
it includes all the monetary value that is produced so for Tanzania if this year the GDP is $421 billion and if out of this $1bn is hold for inventory
Here inventory will be stored it is already counted in GDP value
But still the GDP will be $421 billion dollar because it includes all the monetary value of production that is done in the country
Answer is GDP= $421bn
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Suppose the total market value of all final goods and services
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Question 2 only services the market value of all goods and services consumed within the count...
Question 2 only
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10) Gross domestic product is A) the market value of all the final goods and services...
10) Gross domestic product is A) the market value of all the final goods and services produced in a country during a given time period. B) the market value of all goods and services produced in a country during a given time period. C) the final value of all goods produced in a country in a given time period. D) the market value of all the intermediate goods and services produced in a country during a given time period. E)...
Options: 1)cost of producing/wholesale cost of/market value of 2)final goods and services produced/final goods and services...
Options:
1)cost of producing/wholesale cost of/market value of
2)final goods and services produced/final goods and services
consumed/final and intermediate goods and services produced
3)by Canadian citizens/by resources within Canada/by
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One way to estimate GDP is to: add together the market value of only final goods...
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Question 2 only
services the market value of all goods and services consumed within the count goods and services the total value-added by all producers operating within the coun b) and households on domestically produced final d) The following data is for country A, which produces only guns and bu 2013 2014 Quantity Price Price 3 $2 each. Guns Butter 2 kg 4k Using 2013 as the base year, which of the following is correct? a) Between 2013 and2014, country...
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