What do you mean by gross domestic product, Macroeconomics

Assignment Help:

What do you mean by Gross Domestic Product?

Gross Domestic Product:

GDP stands for Gross domestic product, measures the value of all concluding goods and services produced into the economy. This does not comprise the value of intermediate goods.

Related Discussions:- What do you mean by gross domestic product

Agency decides to hire operators, An agency is having problems with persona...

An agency is having problems with personal phone calls made during working hours. Each minute of a personal call costs the agency $0.50 in wasted wages. The agency decides to hire

Manufacturer is considering purchasing equipment, Manufacturer is consideri...

Manufacturer is considering purchasing equipment, which will have the following financial effects: Year Disbursements Receipts 0 $4400 $0 1 660 880 2 660 1980 3 440 2420 4 220 1760

Normal population standard deviation, A normal population has a mean of 12....

A normal population has a mean of 12.2 and a standard deviation of 2.5. A) Compute the Z value associated with 14.3. B) What proportion of the population is between 12.2 and 14.3.?

Firm wants to sell goods, If a firm wants to sell goods more often, would t...

If a firm wants to sell goods more often, would they prefer to produce a high quality good that will not wear out or one that will wear out faster. For example, what is the 'life e

Consumer surplus and producer surplus, Suppose the inverse demand curve for...

Suppose the inverse demand curve for a market is equal to p = 100 -- 0.3Q. The inverse market supply curve is p = 20 + 0.5Q. 1. Calculate the equilibrium price and quantity;

Two-period model, Suppose that a household in a two-period model has incom...

Suppose that a household in a two-period model has income of $30,000 in period 1 and $25,000 in period 2, and the interest rate is 75 percent. Assume that the price of the good is

Relate central banks with commercial banks, Relate central banks with comme...

Relate central banks with commercial banks In many countries, the central bank imposes reserve requirements. This means that commercial banks are obliged to hold a certain perc

Balance between automation and labor, Businesses often decide between using...

Businesses often decide between using automation and labor in production. An automotive environment may have high fixed costs and low variable costs, and an industry that utilizes

Marginal propensity to consume mpc, Marginal Propensity to consume or known...

Marginal Propensity to consume or known as (MPC) relates to a change in net or total consumption expenditure to a change in the total disposable income. Symbolically it is writt

Consumer equilibrium -cardinal theory, Consumer Equilibrium: According...

Consumer Equilibrium: According to our assumption for 'x' units consumption of the commodity, gross utility obtained by the consumer is U(x).But for this, the consumer must sp

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages