Reference no: EM13862569
1. To which category of U.S. GDP expenditure does each of the following correspond?
a. Department of Motor Vehicles services
b. Automobiles exported to Europe
c. a refrigerator
d. a newly constructed four-bedroom house
e. a restaurant meal
2. Using any relevant information below, calculate GDP via the expenditure approach.
Inventory investment $50 billion
Fixed investment $120 billion
Consumer nondurables $275 billion
Interest $140 billion
Indirect business taxes $45 billion
Government wages and salaries $300billion
Government purchases of goods and services $110 billion
Imports $80 billion
Exports $40 billion
Profits $320 billion
Services $600 billion
3. Nominal GDP in Nowhereland in 2002 and 2003 increased from $4 trillion to $4.8 trillion. Can you say that the production of goods and services in Nowhereland has increased between 2002 and 2003? Why or why not?
4. For 2008, GDP in the United States was estimated at $14.265 Trillion Dollars. If the estimated population was 303 million, what was the GDP per capita that year? What share of GDP would accrue to a family of four?
|
Data gathering and factual analysis
: Design a formal process to determine if ideas that are presented are worthy of market testing. Include and explain the following: Likely sources of new product or business ideas and Data gathering and factual analysis
|
|
Evaluate the importance of measuring storage efficiency
: Evaluate the importance of measuring storage efficiency in an organization's storage system
|
|
Absolute value-current consumption bundle
: The absolute value of Mars' MRS at his current consumption bundle is strictly greater than 2. Mars has convex preferences. Which of the following statements is (are) true? Justify your answer graphically.
|
|
Calculate gdp via the expenditure approach
: Using any relevant information below, calculate GDP via the expenditure approach. Nominal GDP in Nowhereland in 2002 and 2003 increased from $4 trillion to $4.8 trillion. Can you say that the production of goods and services in Nowhereland has increa..
|
|
Calculate gdp via the expenditure approach
: Using any relevant information below, calculate GDP via the expenditure approach. Nominal GDP in Nowhereland in 2002 and 2003 increased from $4 trillion to $4.8 trillion. Can you say that the production of goods and services in Nowhereland has increa..
|
|
Rakesh the managing director of rustam
: Rakesh the Managing Director of Rustam Ltd. needs to get sedentary fees for appearing the Board conferences over and above his pay. Is this lawfully allowable? Advice, presume you are the business secretary of Rustam Ltd.
|
|
Identify the ideal target market for coca-cola
: Identify the ideal target market for Coca-Cola principal product "Coca-Cola". Include the following: Provide a specific description of the target market, which should be measurable, accessible, sustainable, differentiable, and actionable
|
|
Clarify the cogency of such a provision
: The apprenticeships of connotation of Nakarash Ltd. deliver that bonus can be acknowledged at an extra-ordinary overall seminar. Clarify the cogency of such a provision in the apprenticeships.
|
|
Installed new machine to make particular type of part
: Suppose you own a specialized auto parts manufacturer. You purchase and have installed a new machine to make a particular type of part. The price of the machine plus installation is $300,000. If you have already purchased the machine, should you go a..
|