The two ways of looking at gdp are the

Assignment Help Business Economics
Reference no: EM13887169

The two ways of looking at GDP are the

a. output approach and expenditures approach.

b. income approach and saving approach.

c. expenditures approach and income approach.

d. output approach and consumption approach.

Reference no: EM13887169

Questions Cloud

What are the key management assertions related to equity : What are the key management assertions related to equity? What are the most important assertions related equity? How will auditors test these assertions?
What you think is right thing without undermining senior : How can you do what you think is the right thing without undermining your senior or undermining the manager's confidence in your ability to get a job done?
It is observed that in area with lot of illegal immigration : It is observed that in an area with a lot of illegal immigration, the average wage of native born workers actually increased. Explain how this could have happened, using economic logic. Also, judge whether this is good or bad for the local economy.
Explain mathematically how the total energy varies : Explain mathematically how the total energy varies with 1/a, the wavelength of the function.
The two ways of looking at gdp are the : The two ways of looking at GDP are the
Optimal point satisfies the first-order condition : Assume that a consumer has the utility function U(x,y) = (3x+1)y, where x and y represent the quantities of two goods, X and Y. For parts (a)-(h), assume that good X costs pX=$3 per unit and good Y costs pY=$4 per unit. “Wealth” and “income” have the..
What was the ethical dilemma faced by susan birkerts friend : What was the ethical dilemma faced by Susan Birkert's friend when that fellow auditor learned of Birkert's ethical wrongdoing?
Automobile dealers for pricing information : Amy Lloyd is interested in leasing a new Honda and has contacted three automobile dealers for pricing information.

Reviews

Write a Review

Business Economics Questions & Answers

  Most closely represent a monopolist

Which of the following might most closely represent a monopolist? In a monopolistic labor market, the marginal-factor-cost curve is

  Disposal of the government to finance a fiscal deficit

Describe the options at the disposal of the government to finance a fiscal deficit. What are the relative advantages and disadvantages of each option?

  Pepsi have their market dominance for nearly a century

Coke also Pepsi have their market dominance for nearly a century. General Motors also Ford have been hard hit by competition.

  Which price is required for efficient allocation of resource

"The Assistant Secretary for Time Travel recommends that the bureau choose the socially optimal price, the price necessary for efficient allocation of resources. Which price is required for efficient allocation of resources.

  Distribution of income are associated with trade

What is wrong with claiming that changes in the distribution of income are associated with trade instead of the technological changes that the article discusses.

  Explain the federal reserve have conflicting goals

Suppose that the government and the Federal Reserve have conflicting goals. The government wants to encourage economic growth by. But the Federal Reserve wants to decrease inflation by.

  What is soroush income elasticity of demand for good

What is Soroush’s income elasticity of demand for Good 1? C. What is Soroush’s income elasticity of demand for Good 2?

  Relationship between the market system and private property

In accordance with the law of supply, if the price doubled, the quantity supplied would generally ______. A shift in the supply curve for gasoline in the United States would result if _______. A typical demand schedule shows higher sales at lower pri..

  Confidence interval for the population mean replacement cost

Suppose you are a researcher for a consumer’s advocate magazine. You want to find a sample of cars whose owners have paid for rebuilt transmissions. So, you randomly select a sample of 40 replacement costs and find the mean to be $2,585. The sample s..

  What is the producer surplus at equilibrium level of output

The following figure shows the intersection of demand and supply at the price P2 and quantity Q2 in a competitive market. What is the producer surplus at the equilibrium level of output?

  Groups based on differences in elasticities of demand

Assume which a industry has "pricing power" also can segregate its marketplace into two distinct groups based on differences in elasticities of demand.

  Delivery also demand cruve

Suppose which equilibrium income is 3200 also the multiplier is 2.38. Equilibrium income would rise to 3400 if planned investment.

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