Measuring gdp for a particular year

Assignment Help Business Economics
Reference no: EM132037321

Why are only final goods counted in measuring GDP for a particular year? Why is the value of used furniture that's bought and sold not counted?

Reference no: EM132037321

Questions Cloud

Analyzing the prospects of installing cost saving : You are analyzing the prospects of installing cost saving machinery. You have the following information:
Correct regarding cash conversion cycle : Which of the following statements is CORRECT regarding cash conversion cycle?
Calculate the firm interest coverage ratio : EndRun Corp., has $100 million of earnings before interest and taxes and $40 million of interest expense. Calculate the firm’s interest coverage ratio.
Reported as liabilities on bank balance sheet : Which of the following are reported as liabilities on a bank's balance sheet?
Measuring gdp for a particular year : Why are only final goods counted in measuring GDP for a particular year? Why is the value of used furniture that's bought and sold not counted?
How is this different from a firm engaged in perfect : What takes place to a firm in monopolistic competition when it increases its price? How is this different from a firm engaged in perfect competition?
What is aftertax salvage value of equipment : The company's tax rate is 35 percent. What is the aftertax salvage value of the equipment?
What do we call this type of investment : which will rise more in the future GDP or GNP? Why? What do we call this type of investment?
People argue that a minimum wage worker made : The Federal Minimum Wage in 1968 was $1.60 while today it is $7.25. Obviously $7.25 is much, much higher than $1.60

Reviews

Write a Review

Business Economics Questions & Answers

  What is the cross price elasticity of apple sauce

this leads to an increase in demand for apple sauce from 100 to 140 jars, what is the cross price elasticity of apple sauce and pork chops at a pork chop price of $6?

  Illustrate three characteristics of economic fluctuations

Does the Great Depression illustrate the three characteristics of economic fluctuations? Explain your answer. Does the effectiveness of monetary policy depend on inflation expectations? Explain.

  Tangency condition-finding the utility maximizing bundle

Kelli likes to bake cookies and doesn't care whether she uses corn or safflower oil in her recipes. To her: they provide the same function and the same taste in her cakes and cookies. What do Kelli's indifference curves look like for corn oil and saf..

  Calculate the consumers elasticity of demand

U(x,y)=3x+y, where x and y represent the quantities of two goods, X and Y. The ocnsumer has I=60 , to spend on the two goods, and good Y costs Py=2 per unit. The price of good x, Px is also exogenous. Calculate the consumer's elasticity of demand for..

  Alternative to a negotiated agreement

We negotiate everyday establish your best alternative to a negotiated agreement (BATNA) and identify your counter parties BATNA for a negotiation.

  Why does a demand curve slope downward

Explain the law of demand and draw graphs to support your answer. Why does a demand curve slope downward? What are the determinants of demand? Distinguish between a change in demand and a movement along a fixed demand curve, noting the causes of each..

  Costs of transportation

Suppose that there is a unit mass of consumers who are uniformly distributed on the segment[0,1]. Two firms are located on the line and sell identical products.

  Important expenditure programs of the federal government

List the three most important expenditure programs of the federal government. How do these differ from the three most important expenditure programs of state and local governments? Explain why it makes more sense for the federal government to purchas..

  Compare and contrast keyness theory ofthe speculative demand

Compare and contrast Keynes's theory of the speculative demand for money with Tobin's portfolio selection theory utilizing the expected utility hypothesis.

  Discuss the differences between formal and informal reports

Discuss the differences between formal and informal reports, can you describe what value such elements as documentation, page margins, headings, etc. add to the report?

  Representative consumer has well-behaved preferences

Consider the utility-maximizing model in a two-good world, where our representative consumer has well-behaved preferences that result in smooth indifference curves that are convex to the origin.

  Why do nations care about having outlets to the ocean

Why do nations care about having outlets to the ocean? Are landlocked nations at a disadvantage? What are geographers and economists saying about this? Could there be different views on this issue?

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