User Account

All Pages

Change because bob is an american citizen

Assignment Help Business Economics
Reference no: EM132368857

1. Bob, an American tourist spends his holidays in Egypt. Once in Egypt, he pays $100 for his hotel, $50 for kebabs and a $50 statue of Nefertiti to bring back home for his mother. Which of the followings is true?

a. Bob generates $200 worth of imports from Egypt to the US.

b. US's GDP will increase as a result of Bob's visit to Egypt by $200.

c. Bob generated $200 worth of exports from Egypt to the US.

d. Egypt's GDP will not change because Bob is an American citizen.

Need help understanding the flow of GDP

Reference no: EM132368857

Questions Cloud

Write a short program in python and view the output : How do you write a short program in Python and view the output, you want it to: Take two integers from the user. Save the lower number as x.
Discuss the issue of securing backups : Discuss the issue of securing backups. There have been several incidents lately in which backup media containing personal customer information
How to design for cross-cultural user experience : How to Design for a Cross-Cultural User Experience, describe how these dimensions may impact the user experience.
What are the attributes of perfect competition : Define/Explain Perfect Competition. What are the attributes of Perfect Competition?
Change because bob is an american citizen : Bob, an American tourist spends his holidays in Egypt. Once in Egypt, he pays $100 for his hotel, $50 for kebabs and a $50 statue
The hipaa rules for database security : Write 500 words showing your understanding of HIPAA compliance rules. Consider specific aspects of the rules and exceptions including safe harbor
Discuss the concept of red ocean versus blue ocean : Discuss the concept of "red ocean" versus "blue ocean" and why adopting the latter might be a better strategy. Identify a business that is an example of either.
Cardiovascular disease study : Determine the relationship between dyslipidaemia and each of the following variables: duration of diabetes group, BMI group and occupation type
What is vulnerability assessment : Fennelly (2017) stated that the key to risk management is to knowingly determine an acceptable level, rather than unwittingly accepting it. In relation to.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd