ose an extremely simple economy wo goods, pillows and rugs. In the Lows are produced and sold at $5 each roduced and sold at $50 each. In th 56 pillows are produced and sold for Es are produced and sold at $60 each.

Q: Which is an example of a secondary economic activity? O Growing corn on a farm for export. O Growing…

A: The secondary activity includes occupations that manufacture finished goods using the products of…

Q: 1. In 1910 the United S of living) was $6,200. 35 years. What woul

A: Economic growth refers to the change in the real value of the output produced in an economy over a…

Q: onsider a simple economy that produces two goods: pens and oranges. The following table shows the…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Q4: A farmergrows a bushelof wheat and sells it to a miller for $1.00. The miller turns the wheat…

A: The value addition defines the number of features or economic value added by an organization to a…

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Q: 10. From the following data calculate Net Value Added at Factor Cost

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A: According to the given question In simple words we can say that long term growth in economics is…

Q: The table below shows data for a simple economy that produces 2 products only: Ketchup and Tomatoes.…

A: To calculate the change in the price level, we will calculate the GDP deflator for the 2018 and 2019…

Q: a. What were the total expenditures? What was the total income earned? And finally, what stock of…

A: we can give the answer of the following as follow-

Q: The income of three firms in an economy in 2005, 2006 and 2007 are shown below in million nai YEARS…

A: Since you have posted a question with multiple sub parts we will solve first three sub parts for…

Q: Gross domestic product refers to the value of goods and services produced in an economy. Select one:…

A: Gross Domestic Product: Gross domestic product or the abbreviated form GDP refers to the final value…

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A: In the two-sector circular flow of income model, there are two sectors- the households and the…

Q: U.S. real GDP O A. includes the value of underground production but excludes the value of leisure…

A:

Q: What was the value of real GDP in 2016? The economy of La-la-Land produces only movies and popcorn.…

A: A way of measuring the economic wellbeing of a nation, the GDP is the amalgamation of all the values…

Q: Calculate (a). The Gross national income at factor cost (b). Net national income

A: A)   Gross National Income at factor cost -:…

Q: Participants Cost of Materials Value of Sales Farmer $0 $100 Cone factory and ice cream-maker…

A: This table shows different participants , different cost of materials and different values of sales…

Q: With the help of appropriate examples, explain the concept of value added.

A: Product or value added method is a method of calculating Gross Domestic Product.

Q: For a consumption dependent economy ike Malaysia and the United States, which factor contributes…

A: Consumption is nothing but the utilization of goods and services by the individuals in the economy.

Q: a) Let’s assume the real GDP of country Z is increasing. James concludes that now the citizens of…

A: GDP is equivalent to the absolute money related worth of every single last great and administrations…

Q: Using the given data for Hahaland, calculate the economy's nominal and real GDP in 2020 if 2019 is…

A: Nominal GDP does not make adjustment in the price level. While the Real GDP makes necessary…

Q: 5. Economic s Income level and savings level are $7500 and $3200 Find APS.

A: The data presented in the question above is:- Income = $7500 Savings = $3200 We need to find the…

Q: What is measured by how many goods and services a worker produces in an hour? O gross domestic…

A: Meaning of Factors of Production: The term factors of production refer to the situation under…

Q: If the GDP found under Output Approach is 2000, the total of Agriculture sector is 500 and total of…

A:

Q: 4. The following table shows the economic data for three (3) items manufactured in three (3) years,…

A: Year Quantity Milk Price Milk Quantity Honey Honey Price Quantity Bread Bread Price 2008 100 2 50…

Q: Which of the following would NOT be included in a nation's Gross Domestic Product (GDP)? Select one:…

A: Gross domestic product (GDP) refers to total value of all final goods and services that produced…

Q: What is differance between three sector ecnomoy and four sector ecnomoy

A: The three-sector economy involves three sectors namely: households business, and government .The…

Q: f the Real GDP of county A grew by 4% last year, and the po tandard of living in country A: )…

A: Real GDP measures the changes in the production of goods and services based on the base year prices.…

Q: One day,  chinedu the barber , Inc, collects D400 for haircuts.over this day , his equipment…

A: Given, Total income = D400 Depreciation= D 50 Sale tax (Indirect taxes) = D 30 Income tax (Personal…

Q: Where do each letters marcn with? gap iegal Preduci Red (outer) oval is total production; green…

A: National Income of a country is the value of goods and services produced in the country during one…

Q: Below is a chart showing the Labor Force Participation rate for 15-64 year olds in the U.S. vs.…

A: Real GDP is the product of base year price and current year output level during an year.  It is  the…

Q: sider a simple economy that produces two goods: pens and muffins. The following table shows the…

A:

Q: If a car salesperson in 2012 sells a used 2000 Chevrolet for $3000 and collects a commission of…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: A firm produces and sells a good for $95. To produce this good they purchased materials for $11,…

A: Value added = Value of output - Intermediate consumption

Q: Artica is a nation with a simple economy that produces onlysix goods: oranges, bicycles, magazines,…

A: a. The nominal GDP of the economy can be calculated by multiplying the output of the current year…

Q: explain the difference between intermediate goods and final goods and give an example of each.

A: Definition: Final goods are those goods that are consumed directly. Intermediate goods are those…

Q: Discuss wether all firms in a country will welcome a change in people’s income. MUST use examples,…

A: The markets are the place where the buyers and sellers of the goods and services tend to interact…

Q: How is a potato treated in GDP terms? O It is always counted an a final good. O It is always counted…

A: Gross domestic product is the value of FINAL goods and services produced in the country within a…

Q: What is GDP at factor cost

A: GDP stands for Gross domestic product  To understand GDP at factor cost we first understand the GDP…

Q: A typical resident of the country of Collegia consumes a simple basket of goods, consisting of only…

A: The Consumer Price Index (CPI) is a tool to measure Inflation. It is measured on the basis of the…

Q: What counts as GDP (II)? By how much does GDP rise in each of the fol-lowing scenarios? Explain. (a)…

A: GDP by expenditure aggregates the final expenditures done by business organizations, consumers,…

Q: he end of the year: you sell trees Lei cut down for $27,000; you pay Lei $15,000; and your saw is…

A: GDP is the aggregate value of goods and services produced within the domestic territory of a nation…

Q: How do firms and individuals determine if it's worth it to (a) invest in capital improvements, (b)…

A: There is a basic principle of marginal benefit(MB) and marginal cost(MC). We will answer this…

Q: oods and Services are exchanged and used As Final Consumption For Investment As Inputs in the…

A: Answer is given below

Q: In 2020, Delorse Greenlee purchased a 1892 painting by Paul Cezanne for $250 million. She also paid…

A: Here, it is given that Delores Greenlee buys a 1892 painting by Paul Cezanne for $250 million and…