What is value of the GDP

Assignment Help Business Economics
Reference no: EM133616607

Question 

Consumers in a small economy spend $52000 on goods and services annually. Also, annually investment is $12000, governemnt spending is $6000, exports are $800 and imports are $200, what is the value of the GDP

Reference no: EM133616607

Questions Cloud

Regulations in those countries compare to the gdpr : Regulations in those countries compare to the GDPR? Choose one of your four countries, how does that country compare to the United States and its sectoral patch
Wavy lines would provide an estimate of the : efer to the above diagram. The straight line E drawn through the wavy lines would provide an estimate of the:
Develop one hypothesis that will be the key question : Develop one hypothesis that will be the key question that would be addressed by such an analysis. Have fun with this one too.
How does your family or community define gender roles : What are the important events, traditions, celebrations, and practices in your family or community? How does your family or community define gender roles?
What is value of the GDP : ccd $52000 on goods and services annually. what is the value of the GDP
Deciding how to share the household tasks : Suppose that two married partners are deciding how to share the household tasks. Explain the process the two partners would go through using economic concepts
Describe theoretical approaches and practice skills employ : Describe theoretical approaches and practice skills you would employ in working with Dani. How might familial relationships influence Dani's mood and behavior?
Two factors of production-land t and labor l : There are two countries, China and Belgium, two factors of production, land T, and labor L, and two goods, cloth and wheat.
Provide a brief synopsis of the policy you selected : Provide a brief synopsis of the policy you selected. Describe your initial work to change the policy (i.e., plan for social advocacy).

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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