User Account

All Pages

What is the difference between gdp and gnp

Assignment Help Econometrics
Reference no: EM131011353

Based on the information contained on the website above, answer the following questions:

1. What was Real GDP for 2014?

a. What does GDP tell us?

b. How did GDP change from 2013?

c. What caused these changes?

2. What was GNP for 2014?

a. What is the difference between GDP and GNP?

b. How did GNP change from 2013?

c. What caused these changes?

3. What was National Income (NI) for 2014?

a. What does National Income tell us?

b. What is the difference between GNP and NI?

c. How did NI change from 2013?

d. What caused these changes?

4. What was Disposable Income (DI) for 2014?

a. What does Disposable Income consist of?

b. How did DI change from 2013?

c. What caused these changes?

5. What was GDP in 2013 (sometimes called GSP) for your state?

Reference no: EM131011353

Questions Cloud

What other sales promotions would you recommend for mcdonald : 1) McDonald's has run a monopoly game for many years. Do an Internet search for "McDonald's Monopoly Game" and read about how the game works and what people think about this sales promotion. Based on your experience and what you learned, should M..
What are the causes of inflation : What do the measures above tell us about consumer behavior? Have incomes changed enough to offset the inflation since 2000? What can we predict about future inflation?
Selective phosphorus diffusion : What is the required thickness for a Si02 mask used for selective phosphorus diffusion. The diffusion was performed at 1000 °C for 3 hours.
Describe how and why the application of the insights gained : Use course theories and concepts to identify 4 significant insights gained into organizational dynamics that has changed your behavior and/or thinking; define and discuss the value and importance of the theories and concepts to leadership effectiv..
What is the difference between gdp and gnp : What was GDP in 2013 (sometimes called GSP) for your state?
Same conditions for wet oxidation : Compare the th ickness of silicon d ioxide film grown on (100) Si for wet and dry oxidation at 1100 °C. Compare the two different orientations (100) and (111) Si using the same conditions for wet oxidation.
Dclcnninc the al fraction with the rh eed system : Since, in normal growth conditions, the incorporation of Al and Ga atoms is unity, find an expression for the Al composition as a function of the growth rate of GaAs, AlAs, and AlGaAs. How would you dclcnninc the Al fraction with the RH EED ..
Describe five of ten major benefits of strategic management : According to James Van Horne, what are the three decisions that comprise the functions of finance? Describe each function, and identify the role of each function in strategic management.
What is the acceleration of the particle : What is the acceleration of the particle in the direction of the tangent vector to the curve (i.e. what is the tangential component of acceleration, aT) whenever t=2?

Reviews

Write a Review

Econometrics Questions & Answers

  Find the equation of the new demand curve for chevrolets

Starting with the estimated demand function for Chevrolet: Qc = 100,000 - 100Pc + 2000N + 50I + 30Pf - 1000Pg +3A + 40,000Pi. Assume the average value of the independent variables changes to N= 225 million, I= 12,000, Pf= 10,000, Pg= 100 cents, A=..

  What is the profit maximizing level of advertising

Smith Corp. has determined that its contribution margin, (P - MC)/P, is 40%. A recent market research study found the following relationship between adverting outlays and sales revenue. Advertising Outlays Gross Revenues from Sales $500,000 $4,000..

  How much percent can we expect the price of rental apartment

How much percent can we expect the price of rental apartments to rise after the law is enforced, if we know that we expect an additional rise in demand for rental apartments which will cause an additional 20 percent rise in the number of apartment..

  Determine the market equilibrium price-output combination

Qs=2P-20 (supply) QD=80-2P (Demand) where Q is thousands of hours of floor reconditioning per month, and P is the price per hour. algebraically determine the market equilibrium price/output combination.

  How much will evelyn save in interest choosing one loan

Evelyn has been shopping for a home entertainment system. Being a graduate of Dr. Corman's Personal Finance class, she has determined that she can afford $200 in monthly payments over 2 years. If she can get an 8% annual rate of interest

  What happens to lories economic profit in the long run

Calculate Lorie's profit-maximizing output, price, and economic profit. B) Do you expect other firms to enter the singing lesson business and compete with Lorie C) What happens to the demand for Lorie's lessons in the long run

  What is the balance at the end of ten years

Suppose you make $500monthly deposits into a tax-deferred retirement plan that pays interest at a rate of 10% per year compound quarterly. Suppose that money deposited during a quarter will not earn any interest. What is the balance at the end of ..

  What would be the total cost of production of plants a and b

CHEMCO operates two plants, A and B, which produce the same product. The capacity of Plant A is 60,000 gallons while that of plant B is 80,000 gallons. The annual fixed cost of Plant A is $2,600,000 per year and the Variable cost is $32 per gallon..

  Determine the impact on the appropriate stakeholders

Analyze the economic theory used to complete the policy solution and determine the impact on the appropriate stakeholders.

  What will be the equilibrium price and output

Suppose P=20-2Q is the market demand function for a local monopoly. The marginal cost is 2Q. The local monopoly tries to maximize its profits by equating MC= MR and charging a uniform price. What will be the equilibrium price and output

  Estimate the operating expenses including taxes

You estimate the operating expenses, including taxes, will be $45,000 for the first year and that they will increase by $3000 each year thereafter. You also estimate that razing the building and selling the lot on which stands will realize a net a..

  What is janets demand function for gasoline per week

Janet spends 5% of her income on gasoline and her utility function is Cobb-Douglas. If her income is $1000 per week, what is her demand function for gasoline per week

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd