Determine the value of gdp

Assignment Help International Economics

Reference no: EM1368211

Use the table below: Value in billions
Personal consumption expenditures $1000
Gross private domestic investment $500
Net exports $300
Imports $180
Government purchases of goods and services $280
Transfer payments $90

What is the value of GDP?
b. In each of the following cases, indicate if GDP is affected, under what category and what happens to GDP. Be sure to explain why or why it is not included.
You buy a used textbook from one of your classmates.
You buy a new umbrella.
Ella, a French tourist, has a haircut in a salon in San Francisco.
Oklahoma cleans up after a devastating tornado.
A pension payment to a retired military person

2. Why do some people gain and other people lose from inflation and deflation?

3. a. Define the natural rate of unemployment. Identify three factors that may cause the natural rate to change over time.

b. What is structural unemployment? State the various reasons due to which it can arise in an economy.

Reference no: EM1368211

Questions Cloud

Computing breakeven point and profits : The fixed costs at Harley Motors are $1 million annually. The main product has revenue of $8.50 per unit and $4.25 variable cost. Find out the following.

Areas of research associated to health and medicine : Submit a list of at least two however no more than five areas of research associated to health and medicine which is of interest to you, and about which you'd like to review enough literature and research

In-groups and out-groups members discussion : Describe some of the ways in which the manager's behavior and actions towards in-group and out-group members varied.

Cost-plus pricing of wendel stove company : Cost-Plus Pricing. Wendel Stove Company is developing a "professional" model stove aimed at the home market. The company estimates that variable costs will be $2,000 per unit and fixed costs will be $10,000,000 per year.

Determine the value of gdp : Use the table given below: Value in billions In each of following cases, indicate if GDP is affected, under what category and what happens to GDP.

Question about staffing plan paper : Develop strategies to recruit the appropriate applicants. Include a discussion of how the strategy is legally compliant.

Prepare a training plan - effectiveness of groups : Prepare a training plan to increase the effectiveness of groups and teams by discussing challenges and benefits of group and team communication, collaboration, and conflict.

Categories of certified healthcare professionals : Explain five categories of certified healthcare professionals. Make sure to describe their scope of practice, licensing or certification process

Define phillips curve : Define Phillips curve suppose the economy's aggregate supply curve is stable, how would an increase in aggregate demand affect the unemployment rate and the inflation rate?

User Account

All Pages