How much has mario contributed to gdp

Assignment Help Econometrics

Reference no: EM131199104

How Much Does Mario Add to GDP?

Mario works part-time at Pizza Hut and earns an annual wage plus tips of $15,000. He sold 4,000 pizzas at $15 per pizza during the year. He was unemployed part of the year, so he received unemployment compensation of $3,000. During the past year, Mario bought a used car for $5,000. Using the expenditure approach, how much has Mario contributed to GDP?

Reference no: EM131199104

Questions Cloud

What are the values of the capital labor ratio : Suppose that the government purchases goods each year and pays for these purchases using taxes on income. The government runs a balanced budget in each period and the tax rate on income is t = 0.5. Repeat Part (a) and compare your results.

Distinguish between marginal and inframarginal effects : How could observing changes over time in tax rates and associated charitable contribution levels help you to distinguish between marginal and inframarginal effects of the tax break?

Identify the measurement model used by qantas : Identify the measurement model used by Qantas for its writedown of the fleet. Explain why you identified that model and how it would have been applied.

Do you agree with the student''s reasoning : A student remarks: "I don't think the idea of marginal revenue product really helps explain differences in wages. After all, a ticket to a baseball game costs much less than college tuition, yet baseball players are paid much more than college pro..

How much has mario contributed to gdp : During the past year, Mario bought a used car for $5,000. Using the expenditure approach, how much has Mario contributed to GDP?

Mmh349 employment relations : What are the main arguments favouring and criticising the processes of enterprise bargaining under the present Fair Work Act 2009? Is it valid to assume a link exists between enterprise bargaining and productivity growth?

Compare given tax deduction to a uniform tax credit : This tax break is intended to encourage homeownership. - Compare this tax deduction to a uniform tax credit for homeownership on equity and efficiency grounds.

Risk-free price that she can guarantee herself : Suppose each orange juice futures contract is for 15,000 pounds of orange juice, and the current futures price is F0=118.65 cents-per-pound. Assuming that the farmer has enough cash liquidity to fund any margin calls, what is the risk-free price t..

Construct a production possibilities curve : What is the marginal opportunity cost of producing the first unit of paper? The marginal opportunity cost of producing the fourth unit of paper?

User Account

All Pages