What is the value of gdp

Assignment Help Microeconomics
Reference no: EM133714288

Question: The following data was recently obtained from the BEA; values are in billions of dollars: Personal consumption expenditures, new goods: $3,780 Personal consumption expenditures, services: $8,667.8 Personal consumption expenditures, used goods: $570 Gross private domestic investment: $3,096.3 Exports of goods and services: $1,798.2 Imports of goods and services: $2,342.9 Government consumption expenditures and gross investment: $3,839.3 Government outlays for SNAP (food stamp) program: $85.4. What is the value of GDP?

Reference no: EM133714288

Questions Cloud

Conduct research that is both rigorous and socially relevant : How can sociologists design and conduct research that is both rigorous and socially relevant?
What is occurring in the heart during each step of activity : Describe what is occurring in the heart during each step of the electrical activity. In other words, what does the electrical activity indicate is happening.
Critics of equilibrium models raise concerns about market : Critics of equilibrium models raise concerns about market efficiency, particularly in highly competitive markets resembling models of perfect competition
When would it be appropriate to underweight short-term bonds : When would it be appropriate to underweight short-term bonds? When the economy is transitioning from recession to recovery. When the economy is in the trough
What is the value of gdp : Government consumption expenditures and gross investment: $3,839.3 Government outlays for SNAP (food stamp) program: $85.4. What is the value of GDP
Which type of data is being used with the system : A healthcare organization is investing in upgrade for the EHR that includes pay-for-performance initiatives. Which type of data is being used with this system?
Explain how the location of each curve graphed : Explain how the location of each curve graphed in question 5a would be altered if (1) total fixed cost is $100 rather than $60 and (2) total variable cost
Describe basic managerial functions in healthcare : Describe basic managerial functions in healthcare. Discuss the importance of considering the difference between managers and leaders.
Identify the social and emotional effects of cyberbullying : Identify a sampling strategy for a qualitative study of high school students and the social and emotional effects of cyberbullying.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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