Calculating GDP by the expenditure approach requires summing the value of
A) all income paid to individuals.
B) all transactions in the economy.
C) all final goods and services produced in the economy.
D) all expenditures by individuals.
42) The two principle methods of measuring GDP are
A) the flow approach and the stock approach.
B) the expenditures approach and the income approach.
C) the intermediate approach and the value-added approach.
D) the domestic approach and the international approach.
43) An example of an increase in gross private domestic investment spending that also increases GDP is when
A) a family sells its home because of a transfer.
B) a farmer buys a used tractor.
C) inventories of new cars accumulate on the lots of car dealers.
D) government increases spending on infrastructure.
44) An increase in investment spending that increases GDP occurs when
A) a family purchases a new car.
B) a business buys a new computer.
C) inventories of new cars are drawn down on the lots of car dealers.
D) the government builds a new office building.
45) When the total quantity of unsold new Chevrolets increases from 50,000 to 75,000
A) the economy experiences a period of disinvestment.
B) the economy's level of competition increases.
C) there is an increase in the rate of aggregate output.
D) the producer undergoes an inventory investment.
46) Inventory investment occurs when
A) grocers sell stocks of canned goods off their shelves.
B) individuals invest in an invention.
C) shopkeepers check their inventories.
D) automobile dealers add to their stocks of unsold cars.
47) Which of the following is included in GDP?
A) total exports
B) total imports minus total exports
C) total imports
D) total exports minus total imports
48) A capital good is
A) one produced by the government.
B) part of investment spending when purchased by either private businesses or by the federal government.
C) one that is purchased in order to make other goods and services.
D) not part of GDP because it is an intermediate product.
49) Suppose the government changed the law so that the employer had to pay the entire amount of the social security tax. Furthermore, government interest payments increased and other changes in the law induced many sole proprietorships to incorporate. The net effect of these changes on gross domestic income would be
A) zero because none of the changes affect the measure of gross domestic income.
B) zero because the changes with positive effects exactly offset the changes with negative effects.
C) positive because of the change in interest payments.
D) positive because profits are part of gross domestic investment while proprietors' income is not; and the social security tax paid by employers is part of gross domestic income while the part paid by employees is not.
50) If C = consumption, G = government expenditures, and I = investment expenditures, the mathematical representation of GDP using the expenditure approach is
A) GDP = C + I + G + Transfers.
B) GDP = C + I + G + Imports.
C) GDP = C + Imports.
D) GDP = C + I + G + Net exports.
Prove Lemma 3.10, i.e., that the union of matroids is a matroid.Aug 06 2020
Compute the balances in problem (28) again, assuming that all intra-entity transfers were made from Zeigler to BennettproblemBennett acquired 70 percent of Zeigler on Jun...Jul 22 2020
You are transporting some boxes through a tunnel. where each box is a parallelepiped. and is characterized by its length, width and height. The height of the tunnel 41 fe...May 27 2020
Stocks within a single industry tend to have a higher correlation than stocks in different industries. Likewise, stocks in different countries have lower correlation on a...Jun 07 2021
Distinguish between grid computing, cloud computing, and on-demand computing.188) Identify and describe five or more of the current trends in contemporary software platfo...Jan 27 2020
Prepare a profit and loss statement for a boutique with the following figures and determine if the store operated at a profit: Gross sales Customer returns Billed costs I...May 17 2021
Design a schedule of work sampling observations in which eight observations are made during one eight- hour day (use 0: 00 to 7: 59). Using Table, read the last digit goi...Aug 05 2020
Sun Airlines, Inc., prints on its tickets that it is not liable for any injury to a passenger caused by the airline's negligence. If the cause of an accident is found to ...Jul 31 2021
Consider the cooking process of a roast beef in an oven. Would you consider this to be a steady or transient heat transfer problem? Also, would you consider this to be on...Jul 22 2020
About how many years would it take for your investment to grow threefold if it were invested at an APR of 9 percent compounded annually? If you invest $1 at an APR of 9...Aug 17 2020