What impact does this have on measures of gdp

Reference no: EM133685868

Question 1. Would you characterize each of the following expenditures as intermediate goods, investment goods, or consumption goods: a spare tire surgery to repair a broken arm BOTOX to remove forehead wrinkles voice lessons expenses due to college education Explain your reasoning. Would your answers change if the purchaser was a professional singer? Why or why not?

Question 2. Over the past forty years, growing numbers of women have entered the work force. As a result, many women hire people or pay for childcare and housekeeping. What impact does this have on measures of GDP? Explain.

Question 3. Over the past forty years as well, levels of water and air pollution in the United States have declined substantially. Would these improvements be reflected in reposted measures of well being or happiness? Would the be reflected in GDP?

Question 4. Are nations with large underground economies likely to be happier or unhappier than expected based on their given MEASURED levels of real per capita GDP? Explain.

Reference no: EM133685868

Questions Cloud

What aspect of project process do you find most challenging : Assessing breast cancer risk within the general screening population: developing a breast cancer risk model to identify higher risk women at mammographic

Diversity has important bottom-line benefits : Changed to a more proactive concept. Many business leaders are now beginning to believe that diversity has important bottom-line benefits

What does he expect his managers to learn : A regional manager adheres to Peter Drucker's management theory. What does he expect his managers to learn?

Calculate adjusted net income that the company should report : Calculate the adjusted net income that the company should report for the year ended December 31, 2021. By what dollar amount did the adjustments in requirement

What impact does this have on measures of gdp : Are nations with large underground economies likely to be happier or unhappier than expected based on their given MEASURED levels of real per capita GDP

What is the sub- and sub-category : For the basic cause statement BC: Bill was not trained on the appropriate procedures for pipe maintenance activities, what is the sub- and sub-category?

Which practices would be recommended : You are only 25 years old and want to be sure that you are targeting your messages effectively. Which practices would be recommended?

What kinds of monetary policy : What kinds of Monetary policy(easy or tight) should be exercised under the recessionary gap? Give examples of policy tools in terms of RRR

What type of conflict has the it departmentexperienced : The members of the IT department have spent two days debating the best approach to roll out. What type of conflict has the IT departmentexperienced?

User Account

All Pages