Gross domestic product and employment

Assignment Help Microeconomics
Reference no: EM13699485

Gross Domestic Product and Employment

1. Copy/paste any items from the following list that you think are included in GDP into the first column of the table below:

• The purchase of copy paper by Intel for the company staff

• The purchase of an electronic handheld organizer by a sales manager to keep track of clients

• The purchase of a new aircraft carrier by the Navy

• An increase in Dell’s inventory of unsold personal computers

• A family eating dinner at Jack in the Box

2. Next, identify whether each item falls into the category of Consumption, Investment, Government Expenditure, or Net Export by placing an “X” in the appropriate column.

Items included in GDP Consumption Investment Government Expenditure Net Export

Reference no: EM13699485

Questions Cloud

Calculate the following time value of money problems : What is the future value of 24 periodic payments of $4,620 each made at the beginning of each period and compounded at 8%? What would you pay for a $194,000 face value bond that matures in 15 years and pays $19,400 a year in interest if you wanted to..
Differences in external costs-private costs and social costs : Explain the differences between external costs, private costs, and social costs and how the presence of external costs leads to market failure.
Calculate the total surplus of the market with price ceiling : A market has a demand curve described by P=30-Q, a supply curve described by P=16+Q, and a price ceiling of 20. Calculate the Total Surplus of the market with the price ceiling
According to keynesian theory : According to Keynesian theory:
Gross domestic product and employment : The purchase of copy paper by Intel for the company staff, The purchase of an electronic handheld organizer by a sales manager to keep track of clients, The purchase of a new aircraft carrier by the Navy. Next, identify whether each item falls into t..
The daily demand and supply of fish in fire island : The daily demand and supply of fish in Fire Island, NY is described by the following equations: Demand: Price Demand =2, Supply: Quantity supplied = 5. What is the market price of fish in Fire Island? How much is consumer and producer surplus?
Compare the new demand curve or supply curve : Draw a demand–supply graph and label the axes with the price and quantity of khaki pants. Next, for each scenario, draw the appropriate demand–supply curve. Compare the new demand curve or supply curve by drawing it on the same graph.
What is the competitive equilibrium outcome in labor market : There are two distinct sectors: taxidermists (X) and tap dancers (T). It is surprising that there is complete labor mobility between the two sectors. There are 200 equally talented workers who supply their labor in elastically. The demand for taxider..
Foreign-currency exchange and on net capital outflow : How do these things affect the U.S market of foreign-currency exchange and on net capital outflow (NCO): A tax reform that imposes higher capital gains tax to Americans involved in offshore banking?

Reviews

Write a Review

Microeconomics Questions & Answers

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  How would you determine which were important

What factors might these types of stores have in common behind their declines? How would you determine which were important and which were not?

  What is the accounting and economic profit

Mark resigns from his job as a head chef in a famous restaurant where he earned $70,000 per year to open his own restaurant last year. He withdrew $50,000 of his own savings that had been earning 4% interest and borrowed another $100,000 from the ban..

  Over the past 12 months the four winds novelty company firm

over the past 12 months the four winds novelty company firm has recorded its internet sales equals monthly output

  Human capital model of education

From a policy point of view, does the evidence in Adults Adrift support a screening or or human capital model of education. How would the answer to this question a ect any policy prescriptions you have?

  Law of demand supply-government intervention

Provide two examples of actions taken by a company, government, or organization whose effect is to prevent specific markets from reaching equilibrium. What evidence of excess supply or excess demand can you cite in these examples?

  What is the consumer price index cpi how is it measured

What is the consumer price index (CPI)? How is it measured? What are the pros and cons of using the CPI as a measure of the cost of living?

  Financial crisis

It is estimated that the U.S. financial crisis of 2008 led to a loss of $7 trillion in the real estate industry due to the decline in housing prices. The stock market decline brought another $11 trillion in losses, and retirement accounts lost $3.4 t..

  If a competitive firm is currently producing a level of

if a competitive firm is currently producing a level of output at which profit is not maximized then it must be true

  Why the assumption of imperfect competition is necessary

Explain why the assumption of imperfect competition is necessary for endogenous growth models. How might well enforced intellectual property rights actually lead to divergence rather than convergence?

  A firm with market power charges a price

A firm with market power charges a price that is than the price charged by a perfectly competitive firm. A potential advantage of this to customers is that  lower, it allows the firm to increase its production.

  Assignment is to economically analyze that product prepare

assignment is to economically analyze that product. prepare a powerpoint presentation of 3 slides that answers the

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!

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