11. The business makes 100 units of the product and each of them sells for $65. 38.
D) characteristics of structural unemployment. Für nähere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklärung und Cookie-Richtlinie. Damit Verizon Media und unsere Partner Ihre personenbezogenen Daten verarbeiten können, wählen Sie bitte 'Ich stimme zu.' The civilian labour force is 50 million. The services of a commercial painter in painting the family home. t I'm trying to find something that Q2b. B) $6,500 C) $1,500. Consider the population of a small country, assuming that the number of people in each category is as follows:(5 marks) Total population = 1,200 Children under age 16 = 200 Elderly retired people = 300 Full-time students = 20 Full-time homemakers = 30 People working full time = 420 People working part time = 120 People not working but seeking employment = 60 People not working but have given up seeking employment=50 a. Refer to the above data. 31. D) $30. Capitalist economies have been characterized by: A) occasional instability of employment and price levels. 39. - Definition & Theory, Gross Domestic Product: Definition and Components, What Is Brand Equity? © 2003-2020 Chegg Inc. All rights reserved. Refer to the above information. 33. The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. An increase in business inventories e. Tim Horton's purchases a corner grocery store f. Fearless Qweenie Kong, a stuntwoman, purchases a life insurance policy for a billion dollars ($) g. A restaurant spends $1,000 dollars to buy chickens and chillies to use in producing its famous hot chicken samosas. 1. 10. Year Units of output Price per unit 6. Interest received on an AT&T corporate bond: . Refer to the above information. - Definition & Importance, Types of Internal Organizational Change: Structural, Strategic, People, and Process, Gross Domestic Product: Items Excluded from National Production, What Are the Stages of Dying? answer! Privacy If nominal GDP in some year is $280 and real GDP is $160 the GDP price index for that year is: A) 175. 18.
If year 2 is chosen for the base year, in year 3 nominal GDP and real GDP, respectively, are: A) $180 and $30. Explain your answer in each case. Sie können Ihre Einstellungen jederzeit ändern. Which of the following are included or excluded in this year’s GDP? a. 2. 24. a. C) $180 and $120. All rights reserved. Choose the multiple choice answers which, when... 1.
c. The unpaid services of a family member in painting the family home d. Income of a dentist from the dental services provided: . - Overview of Kubler-Ross's 5 Stages, AP European History: Homework Help Resource, High School World History: Homework Help Resource, AQA A-level Anthropology: Practice & Study Guide, NY Regents Exam - Global History and Geography: Test Prep & Practice, Introduction to Political Science: Help and Review, Post-Civil War U.S. History: Help and Review, Foundations of Education: Help and Review, Introduction to Political Science: Tutoring Solution, High School World History: Help and Review, CSET Social Science Subtest I (114): Practice & Study Guide, NY Regents Exam - US History and Government: Help and Review, Praxis World & U.S. History - Content Knowledge (5941): Practice & Study Guide, Post-Civil War American History: Homework Help, Biological and Biomedical The painter painting the family home is excluded from GDP since the services offered are of his benefits... Our experts can answer your tough homework and study questions. B) excluded from GDP because an intermediate good is involved. 3. [included or excluded? Refer to the above data. C) chemicals purchased by Green Grass Lawn Care. She has had three job interviews in the past month. Cyclical unemployment is a consequence of: A) a decline in aggregate spending. d. Income of a dentist from the dental services provided. By summing the values added at each stage in the production of some good we obtain: A) the price of that good. 29. Refer to the above information. George works in an automotive assembly plant. D) 6 percentage points. 37. a. The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. …
C) $45. Dr. Homer Simpson, an economics professor, decided to take a year off from teaching to run a commercial fishing boat in P.E.I. b, d, e, f are all included in GDP. He tried to find another job for a year, but was unsuccessful and quit looking for work. 35. e. A $2 billion increase in business inventories. c. The money received by Smith when she sells her biology textbook to a used-book buyer. 40. 3. Explain your answer in each case.
The unemployment rate in an economy is 12 percent. B) $115. Refer to the above information. The smallest component of aggregate spending in Canada is: A) net exports. Assume Smith is temporarily unemployed because he has voluntarily quit his job with company A and will begin a better job next week with company B. Smith will be considered as: A) cyclically unemployed. 13. Social Security payments received by a retired factory worker.
Use the following to answer questions 8-9: Only three goods are produced in an economy in the following amounts: A-10, B - 30,C=5. The gross domestic product (GDP) of the United States is defined as the _ all _ in a given year. Which of the following are included in this year’s GDP? The natural rate of unemployment: A) is fixed over time.
D) $1,000. 11. Terms C) GDP in 2000 is $600 billion. Refer to the above information. Ryan lost his job last year when his company downsized and laid off middle-level managers. h. Cash received from selling a corporate bond. Which of the following are included and which are excluded in calculating this year’s GDP?
B) deflated to $896 billion. Social Security payments received by a retired factory worker. d.
Explain your answer in each case. The gross domestic product is: A) $328. C) noneconomic costs of unemployment.
This activity is: A) excluded from GDP in order to avoid double counting. C) black adult males. D) consumption. Suppose the total market value of all final goods and services produced in a particular country in 2000 is $600 billion and the total market value of final goods and services sold is $525 billion. b. Government purchase of missiles from a private business i. Use the following to answer questions 6-7: Assume an economy which is producing only one product. C) prices in the aggregate are rising, although some particular prices may be falling. Suppose Smith pays $100 to Jones.
An auto dealer's sale of a new car to a nonbusiness customer. Personal taxes Net investment Personal saving Net exports National income Canadian exports Gross investment Disposable income Indirect taxes Undistributed corporate profits Net income of nonfarm unincorporated business Net investment income from Canada 27. D) included in GDP because it reflects production 17. 36. B) the decreasing relative importance of goods and the increasing relative importance of services in our economy. 9. View desktop site, 1)a)Scholarship received would be excluded from GDP calculation as it is a part of transfer payment. An example of a final good in national income accounts would be new: A) lawn mowers purchased by Cut-rite Mowers. (circle one) c. As a result of this, the official unemployment rate would: A) increase in the short run but eventually decline. e. Inflation means that: A) all prices are rising, but at different rates. That year, Professor Simpson would be officially counted as: A) structurally unemployed.
Canadian imports: A) cannot be calculated B) are $26. Social security payments received by a retired factory worker c. The services of a painter in painting the family home d. The income of a dentist e. The money received by Smith when she sells her economics textbook to a book buyer f.
C) 160 D) 280. Macroeconomics (20th Edition) Edit edition. 4. C. How does the unemployment rate understate the problem of unemployment? Q1 Which Of The Following Are Included And Which Are Excluded In Calculating This Year's GDP. If the per unit prices of the three goods each were $1 in a base year used to construct a GDP price index, then real GDP in the current year: A) is $110. Social Security payments received by a retired factory worker: . The service of a mechanic in fixing his own car i. A monthly scholarship cheque received by an economics student b. B) increase. D) $336. The services of a comercial painter in painting the family home.