Q: Distinguish the final goods or services, intermediate goods or services, and capital goods?
A: Intermediate goods are defined as those goods which are a part of the final good as they have been…
Q: Investment is defined as what consumers do with their savings. financial capital. O spending on…
A: Investment refers to addition of new capital by firms into their businesses with the goal of…
Q: Q2 MCQ . Final goods or services used to compute GDP refer to: the sum of all wages paid to…
A: GDP is a macroeconomic measure used in the computation of the aggregate total output produced in an…
Q: Find exports if net exports is $150 million and imports are $180 million
A: The Given information is as follows:- Net exports = $150 million Imports = $180 million We have to…
Q: That part of income which is either consumed or saved by all the households in an economy is called…
A: Savings refer to the part of income set aside to use in the future. Consumption spending refers to…
Q: Gross domestic product measures the total expenditure on the economy’s input of goods and services.…
A: GDP is the term that measures the value of goods and services that are produced within a country's…
Q: Suppose you had a choice between living in the United States in 1900 with an income of $991,000 per…
A: Inflation is a component that caters to problematic situations in an economy wherein the price…
Q: Final goods and services
A: Final goods and services are those goods which are the end products that means they are finally…
Q: Find the value of national income of Austria if the net domestic product at factor cost in Austria…
A: The information being given to us is as follows:- Net domestic product at factor cost = $96 million…
Q: Find gdp and nnp
A: Gross domestic product (GDP) is the value of all goods and services produced domestically in the…
Q: A healthy economy that is working properly is called
A: full work as an economy in which the joblessness rate approaches the nonaccelerating expansion pace…
Q: how to find gross investment in the economy? is it correct if i add Net investment to Capital…
A: Investment: The term investment refers to the increase in the stock of capital. Here, capital is…
Q: Identify the part of the personal income which is actually available for consumption a. Consumption…
A: Income is the monetary value that the person receives after providing work to the business.
Q: A person's wealth is a stock; his income and expenditure are flows. • The number of people getting…
A: Stock is that quantity of economic variable which is measured at a particular point in time. Stock…
Q: Household consumption is affected by which of the following? Interest rato
A: Household consumption is affected by various factors.
Q: A good predictor of future cash flows includes: Select one: a. net income in past year b. cash…
A: Cash flows: Cash flow has the inflow and outflow of the cash transactions in a company during an…
Q: Which of the following statement is true ? (a).Final goods are produced in the same year as capital…
A: Capital goods can be defined as those goods which are produced for future productive purpose and can…
Q: GDP includes only "final” goods and services because Select one: a.goods and services sold to end…
A: Gross domestic product refers to the market value of all final goods and services that are produced…
Q: people typically pay more attention to their real income or their nominal income?
A: GDP is used to explain the overall economic welfare of a nation. It is used to calculate the…
Q: GDP
A: The goods and services’ overall values produced during a duration in the domestic boundary depicts…
Q: Disposable Income ($) Consumption ($) 1,000 800 1,100 880 1,200 960 1,300 1,040 1,400 1,120
A: The disposable income is the portion of the income which is left after the deduction of the taxes.…
Q: Exclude the income of foreign nationals that resides with in the country in a given period of time.…
A: GDP is the total value of all the final goods and services produced in an economy within the…
Q: f a good produced this quarter goes into inventory, then it is included in this period’s GDP. If it…
A: Gross Domestic Product(GDP) is the value(VOO) of final goods and services(G&S) produced by…
Q: Investment (I) includes: O the amount spent on new factories and machinery. the amount spent on…
A: Investment can be defined as any asset acquired or money committed for the purpose of earning future…
Q: If the gross investment in a year is $1000 and depreciation in a year is $50 then what is the value…
A: Net investment = Gross investment - Depreciation Gross investment = $1000 Depreciation = $50
Q: Is the purchase of equipment or machinery a part of consumption or investment?
A: Economics is the study of how the scarce resources of society are exploited. Economics is a social…
Q: Identify where the appropriate entries go on the circular flow diagram?
A: Concept We must obtain a thorough understanding of how the market system works because practically…
Q: It is difficult to calculate the value of GDP and it does not provide an accurate measure of the…
A: GDP measures the total amount of final goods and services produced in an economy during a given…
Q: True or False: Personal Consumption Expenditures account for about 25% of GDP. Spending on Consumer…
A: Three methods of Gross Domestic Product calculation are income method, expenditure method and value…
Q: When we add depreciation to net investment, we arrive at...............
A: Depreciation: The term depreciation refers to the fall in the monetary value of a commodity over…
Q: In terms of the circular flow diagram, households make expenditures in the _____ market and receive…
A: Circular flow diagram shows the flow of goods and services and money between household and firms.
Q: Investment in everyday life is: a. The purchase of goods and services b. The purchase of capital…
A: An asset bought or invested in to grow wealth and save money through hard-earned income or…
Q: Find net factor income from abroad if national income is $20,000 million and NDPFC is $13000 million
A: The information being given is:- National Income = $20,000 million Net domestic product at factor…
Q: Net exports are exports less imports. that portion of consumption and investment goods sent to other…
A: Net Exports are a part of GDP of a country. Net Exports=Exports-Imports Option B-Sending…
Q: If net disposable income is $140 million and national consumption expenditure is $60 million Find…
A: The information given is as follows:- Net disposable income = $140 million National consumption…
Q: That part of income which is either consumed or saved by all the households in an economy is called
A: Given data: That part of income which is either consumed or saved by all the households in an…
Q: If the value of net exports is negative, then O exports exceed imports. O imports exceed exports. O…
A: Net exports = Exports – Imports
Q: Use the information below Consumer spending = $200 million Capital Consumption Allowance = $80…
A: The GDP (gross domestic product) is calculated using either the expenditure approach or the resource…
Q: Money is a. The same as income b. All financial assets c. Any asset…
A: Money has reduced the importance of barter system.
Q: What is the distinction between total value and unit value according to Mises?
A: The Mises is an institute that is described as a leading supporter of the world of the ideas of…
Q: If net exports are $30 million and imports are $113 million Find the value of exports
A: According to the above-mentioned question, the values given are:- Net exports = $30 million Imports…
Q: What is the relation between Gross Domestic Product (GDP) and Gross Happiness Index (GHI): Select…
A: Gross domestic product (GDP) is the sum of the market value of final products and services…
Q: An economy produces three goods: orange, apple, and orange juice. It is assumed that half of the…
A: Nominal GDP is representative of the market value of all final goods and services produced in a…
Q: Describe in why measures of output do not always measure well-being. Include some specific examples.
A: Measures of output include GDP,GDP per capita,GNP etc. Always these measures do not reflect welfare…
Q: From the given figures below, calculate: A. Gross Private Domestic Investment B. Net Exports C.…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Calculate the value of net exports if exports are $100 million and the imports are $73 million
A: Net exports are a part of GDP of a country. Net exports are excess of exports over imports. Net…
Final goods include only those goods which are consumed by the household
True/False
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- Raj, Ismail and Carol went shopping. Raj spent 0.25 of the total amount that Ismail and Carol spent. Carol spent 4/11 of the total amount that Raj and Ismail spent. Ismail spent $37.50 more than Raj. If Ismail had $90 before he went shopping, what fraction of his money did he spend? (Answer in Simplest form)If household spend $105 billion on goods and $95 billion on services. How much in revenues do businesses receive in the product market?The future value of a dollar as the interest rate increases and the longer the money remains invested Select one: a. increases; decreases b. increases; increases c. decreases; increases d. decreases; decreases