How useful are comparisons between real gdps of countries

Assignment Help International Economics

Reference no: EM13200392

a phenomenon of the twentieth century u.s economy was the replacement of home production by production purchased through markets.

a. give an example of a food item that was widely produced by family members in 1900 and htt was widely purchased from businesses in 2000.

b. give an example of a clothing item that was widely produced by family members in 1900 and htt was widely purchased from businesses in 2000.

c. give an example of a service that was widely produced by family members in 1900 and htt was widely purchased from businesses in 2000.

d. how does the replacement of home production with production through markets affect real GDP? how does it affect the usefulness of comparisons of real GDP per capita at the end of the twentieth century with the same measure at the beginning of the twentieth century?

e. the economies of some countries today are more similar to the U.S economy in 1900 than to the U.S. economy in 2000. how useful are comparisons between the real GDP in the United States and in these economies?

Reference no: EM13200392

Questions Cloud

Why she has an enforceable contract to buy the house : Frances has lived in an apartment for ten years when she decides to buy a house. Her one-year lease will end on May 1. On April 15, she orally con¬tracts to buy Smith's house for $100,000, with the closing (transfer of the deed) to take place on J..

How wide is the image on the stadium screen : a 42 inch- long guitar is 10.5-feet-long on a stadium screen. a drum is 21 inches wide. how wide is the image on the stadium screen?

Determine the firms after-tax cost of capital : Determine the firms after-tax cost of capital is the first step in making this decision. Boots has approached you with the following information to see if you can help him with his problem.

Can friendly finance succeed in a suit against suburban : Evergreen Landscapers, Inc., owes Friendly Finance Company $5,000. Evergreen enters into a contract with Suburban Office Park under which Evergreen promises to maintain the landscaping on Suburban's property.

How useful are comparisons between real gdps of countries : how does the replacement of home production with production through markets affect real GDP. how does it affect the usefulness of comparisons of real GDP per capita at the end of the twentieth century with the same measure at the beginning of the ..

How high is the balloon : The angle of elevation of a balloon from an observer A is 30 degrees and from observer B, 45 degrees. If the distance between A and B is 800 + 800√3 meters, how high is the balloon?

Indicate the effect on the price and quantity exchanged : Market for Airline tickets: Explain what will happen in the market for U.S. domestic flight airline tickets, for each of the events shown below. Remember to indicate which curve will shift (demand or supply) and indicate the effect on the price.

What is the payback period - the discounted payback period : What is the payback period for the following set of cash flows and what is the discounted payback period for these cash flows if the initial cost is $7,500?

What was the percent increase to the nearest tenth : Search Results for "the price for a share of XYZ stock went from $32 to $37 in one month. what was the percent increase to the nearest tenth of a percent ?"

User Account

All Pages