How much does each raise gdp

Assignment Help Econometrics

Reference no: EM131353967

Which of the following transactions are included in the gross domestic product, and by how much does each raise GDP?

a. You buy a new Toyota, made in the United States, paying $25,000.

b. You buy a new Toyota, imported from Japan, paying $25,000.

c. You buy a used Cadillac, paying $12,000.

d. Google spends $500 million to increase its Internet capacity.

e. Your grandmother receives a Social Security check for $1,500.

f. Chrysler manufactures 1,000 automobiles at a cost of $15,000 each. Unable to sell them, the company holds the cars as inventories.

g. Mr. Black and Mr. Blue, each out for a Sunday drive, have a collision in which their cars are destroyed. Black and Blue each hire

a lawyer to sue the other, paying the lawyers $5,000 each for services rendered. The judge throws the case out of court.

h. You sell a used computer to your friend for $100.

Reference no: EM131353967

Questions Cloud

Write a paper about how it relates to 2 of the themes : write a paper about how it relates to 2 of the themes we discussed in class: Population, Globalization, Development, Economy or Geopolitics.

What are some of the similarities between the plans : List the five different types of health care plans and 2-3 characteristics of each. Explain why it is important to understand the differences in these plans. What are some of the similarities between the plans?

Write a paper relating to universal healthcare : Write a paper relating to universal healthcare in different countries compared to the United States. I want to know what countries are doing differently than us.

What should be done to eliminate the public safety : Include a discussion of what should be done to eliminate this public safety and health concern. Be sure to use scholarly resources and to cite the resources in your response. [250 words]

How much does each raise gdp : Which of the following transactions are included in the gross domestic product, and by how much does each raise GDP?

Explain the ethical dilemma in own words : Explain the ethical dilemma in your own words and explain whether or not the story relates to an ethical theory or code identified in the text.

Estimate of the marginal propensity to consume : Explain why dividing the two does not give a good estimate of the marginal propensity to consume.

What are variables associated with outsourcing legal service : What are some of the variables associated with outsourcing legal services? Which major, or key, variable constitutes the driving force behind this practice?

Develop a scatter diagram using total number of shipments : Develop a scatter diagram using total number of shipments and number of defective shipments. Does there appear to be any relationship

User Account

All Pages