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Define and distinguish between final goods and intermediate goods 1) Define and distinguish between final goods and intermediate goods. 2) Neither intermediate goods nor used goods are included in GDP. Explain why these expenditures are not included in GDP. Economics Assignment Help, Economics Homework help, Economics Study Help, Economics Course Help ...

Other / Other 26 May 2016

Which type of graph is used to identify trends 1) Trend refers to A) the scale used on the x- and y-coordinates. B) increases but not decreases of a variable. C) decreases but not increases of a variable. D) a general tendency for a variable to rise or fall. 2) Which of the following is TRUE regarding a trend? I. A cross section graph shows trends. II. A time-series graph shows trends. III. A scatter plot shows trends over time. ...

Other / Other 26 May 2016

Real GDP fluctuates from year to year but is always below potential GDP. True or false: 1) To calculate GDP when using the income approach, you must add indirect business taxes and depreciation. 2) The largest component of income is proprietorsʹ income. 3) A productivity growth slowdown can be shown as year-to-year fluctuations of real GDP around potential GDP. 4) Real GDP fluctuates from year to year but is always below potenti ...

Other / Other 26 May 2016

Explain the relationship among the capital stock, gross investment, net investment, and depreciation 1) Explain the relationship among the capital stock, gross investment, net investment, and depreciation. 2) Explain the difference between the capital stock, gross investment, depreciation, and net investment. Economics Assignment Help, Economics Homework help, Economics Study Help, Economics Course Help ...

Other / Other 26 May 2016

When calculating GDP, underground economic activity is 1) Which of the following is NOT included in real GDP? A) production of services, such as the services of doctors B) production of goods that last more than one year, such as television sets C) production of goods that do not last more than one year, such as gasoline D) production in the home 2) If a larger fraction of the adult population is working in the marketplace, household p ...

Other / Other 26 May 2016

Explain the relationship between real GDP and potential GDP during the two phases of the business cycle 1) Explain the relationship between real GDP and potential GDP during the two phases of the business cycle. 2) Explain the relationship between potential GDP and real GDP in the United States since the early 1960s. You do not need to tell what happened during any specific year; just describe the general relationship. 3) What is a bus ...

Other / Other 26 May 2016

Is every product produced in the United States included in U.S. gross domestic product 1) Why are only final goods and services included in measuring GDP? Give examples to complete your answer. 2) Is every product produced in the United States included in U.S. gross domestic product ? Economics Assignment Help, Economics Homework help, Economics Study Help, Economics Course Help ...

Other / Other 26 May 2016

How does the income approach measure GDP 1) Explain how GDP is measured according to the expenditure and income approaches. 2) How does the income approach measure GDP ? Economics Assignment Help, Economics Homework help, Economics Study Help, Economics Course Help ...

Other / Other 26 May 2016

If depreciation exceeds gross investment, net investment is negative True or false: 1) Net investment equals gross investment minus depreciation. 2) If depreciation exceeds gross investment, net investment is negative. 3) The expenditure approach to measuring GDP includes firmsʹ spending on wages. 4) Intermediate goods and services are one of the largest components of the expenditure approach to measuring GDP. 5) To calculate ...

Other / Other 26 May 2016

What is ʺunderground productionʺ 1) What would happen to measured GDP if more people started hiring workers to do house chores such as cooking and cleaning? 2) What is ʺunderground productionʺ ? Is it included in GDP? Economics Assignment Help, Economics Homework help, Economics Study Help, Economics Course Help ...

Other / Other 26 May 2016