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 31 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
Wow, this really help

chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Blood glucose measurement. A postprandial test may be self-administered. (a) A lance pierces the ski Blood glucose measurement. A postprandial test may be self-administered. (a) A lance pierces the ski
Components of Bone Components of Bone
As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ... As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ...
Small Town USA: Struggling to Survive Small Town USA: Struggling to Survive
A typical electric cooling fan assembly showing the radiator and related components. A typical electric cooling fan assembly showing the radiator and related components.
Structural components of the heart Structural components of the heart
Video: Immune responses Animation

For a complete list of videos, visit our video library