Expenditure method for determining gdp

Assignment Help Business Economics

Reference no: EM13854793

Explain why when using the expenditure method for determining GDP do we not include expenditure on intermediate goods, but when using the income method, we use the income of factors of production for both intermediate and final goods production?

Reference no: EM13854793

Questions Cloud

What are the advantages of conducting international trade : There are three types of invoices. Explain each one of them and tell which an invoice is truly and which is not. What documents are necessary for exporting from the United States? What are the advantages of conducting international trade using electr..

What issues might limit the effectiveness : Accident investigation results from the US Air Boeing 737 accident at Pittsburg, PA: a similar accident at Colorado Springs, CO, and several near-upsets involving Boeing 737's have suggested that the cause may be a sudden, un-commanded, full deflecti..

Describe the four major communities : Describe the four major "communities" that should be represented on the System Safety Working Group.

We often speak of how price ration goods : We often speak of how price ration goods. What are other rationing measures in clinics in which free care is provided?

Expenditure method for determining gdp : Explain why when using the expenditure method for determining GDP do we not include expenditure on intermediate goods, but when using the income method, we use the income of factors of production for both intermediate and final goods production?

Size of the smallest payment and the largest payment : A boat is purchased by financing $40000. The loan is to be paid over a 5 year period with annual payments based on a 12% interest rate. Each successive payment is scheduled to be 10% greater than the previous one. Determine the size of the smallest p..

Equation for line that represents all of these combinations : Suppose a firm has a fixed $100 to spend on K=10, W=5. What combinations of inputs can the firm buy? What is the equation for the line that represents all of these combinations?

Are innovators always bad or criminals : Are innovators always bad or criminals? Can you think of any examples in which people accepted societal goals, rejected the means, and came up with their own legal and creative way of achieving the goals? Please explain.

Able to influence their decision with your marketing program : Map out how you think your potential customer goes about making his or her purchase decision for the product/service your venture will market. What are the key internal influences (e.g., motivation) and external influences (e.g., personal influences)..

User Account

All Pages