Although gdp is reasonably good measure of nations output

Assignment Help Business Economics

Reference no: EM13838673

Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation.

Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States? Check all that apply.

a. Funds spent by city governments to renovate their buildings

b. The costs of air and water pollution

c. The components of an MP3 player that are produced in China

d. The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government

e. The leisure time they have

Reference no: EM13838673

Questions Cloud

Pre-intervention optimized supply and demand equilibrium : Draw the pre-intervention optimized supply and demand equilibrium. Explain and show what effect it has on the polis.

What are some other potential sources of economic growth : Look at the differences in per capita GDP growth of the following countries in 2006: What factors, such as international trades, might explain such differences in per capital GDP growth rates? What are some other potential sources of economic growth?

Considering the installation of high-tech handling system : A large automobile manufacturing company is considering the installation of a high-tech handling system. Show your cash flow diagram from the company’s perspective. Should the system be recommended for investment? Show all your work and detail your r..

What would you consider to evidence of tit-for-tat pricing : Suppose that you were an industry analyst trying to determine if the leading firms in the automobile manufacturing industry are playing a tit-for-tat pricing game. What real world data would you want to examine? What would you consider to be evidence..

Although gdp is reasonably good measure of nations output : Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the inco..

Derive the short run cost function : Consider the following firm with the production function Q=F(L)=2L^1/2. L=labor. Wage w=12. A fixed cost is FC=500(sunk cost). Derive the short run cost function. Graph this function using excel.

What are the key features of the consumption function : What are the key features of the consumption function? What causes consumption to rise or fall? Does the level of consumption deserve concern today?

What is the future value of the total revenue : A major defence supplier expects to generate additional revenue from its recently won government contract. The company expects the revenue will be $110 million in the first year and the revenue increasing by $2.5 million each year for the next 4 year..

What is the difference of the total interest paid : Arian is about to borrow $2,000 from his uncle. He has an option to repay the loan at the end of year 5 with 7.55% simple interest per year or with 8.4% interest per year, compounded every 6 months. What is the difference of the total interest paid o..

User Account

All Pages