If the value of intermediate goods and services are included in
GDP, then:
a.
it would...
If the value of intermediate goods and services are included in
GDP, then:
a.
it would lead to depreciation.
b.
GDP would be understated.
c.
GDP would act as a true indicator of economic welfare.
d.
there would be double-counting.
e.
GDP would be able to give an exact estimate of the inventory in
an economy.
-
An appreciation of the dollar against all currencies in the
foreign exchange market would result in all of the following,
except:
a.
an...
The
table below reports a CPI value for five different major cities in
August 2019. Use...
The
table below reports a CPI value for five different major cities in
August 2019. Use this information for question 31 below
City CPI (August, 2019)
Detroit 219.685
New York 257.069
Seattle 242.787
Los Angeles 239.940
Chicago 225.161
31. Assume during August, 2019, you earned $10,000. Based on
the CPI values above, in which city would your August income have
the greatest purchasing power?
A. Detroit
B. New York
C. Seattle
D. Los Angeles
E. Chicago
32. Higher real GDP...
Suppose that in a closed economy GDP is equal to 11,000, taxes
are equal to 2,500,...
Suppose that in a closed economy GDP is equal to 11,000, taxes
are equal to 2,500, transfer payments are equal to 500, consumption
equals 7,500 and government purchases equal 2,000. What are private
saving, public saving, and national saving?
a. 1,500, 0, and 1500,
respectively
b. 1,000, 500, and 1,500,
respectively
c. 500, 1,500, and 1,000,
respectively
d. None of the above is correct
During the current quarter, a firm
produces consumer goods and adds some of those goods to...