This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The Components of GDPIn a small economy, nominal GDP is $12,000. Consumption spending is $8750, ... (Read 35 times)

ega16

  • Full Member
  • ***
  • Posts: 145
on: Nov 23, 2022

Question 1

GDP and its Calculation


Stage of ProductionSellerBuyerPrice
                  1FarmerMiller$0.35​
                  2MillerBakery2.25​
                  3BakeryConsumer5.00​
Refer to the table. Consider the table showing three stages of production of a loaf of bread. The value of each loaf of bread in gross domestic product equals ________.
◦ $4.65
◦ $5.00
◦ $2.40
◦ $7.60

Question 2

The Components of GDP

In a small economy, nominal GDP is $12,000.  Consumption spending is $8750, government purchases are $2100, and gross private domestic investment is $1800. What is the value of net exports?
◦ -$650
◦ $4850
◦ $16,850
◦ $650
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ega16 on Nov 23, 2022

Kevin5!

  • Full Member
  • ***
  • Posts: 188
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


ega16

  • Member
  • Posts: 145
Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Comparison of small subunit (SSU) rRNA gene sequences from three animals and a protist. Comparison of small subunit (SSU) rRNA gene sequences from three animals and a protist.
The Major Components of the Limbic System The Major Components of the Limbic System
Microscopic Components of Osseous Tissue Microscopic Components of Osseous Tissue
Celiac disease affects the small intestine. Celiac disease affects the small intestine.
Active transport: Absorption Methods in the Small Intestine Active transport: Absorption Methods in the Small Intestine
Main components of the human endocrine system and the effects of their secretions Main components of the human endocrine system and the effects of their secretions
Video: Brief Summary on Photosynthesis - Animation

For a complete list of videos, visit our video library