Why do economists include only final goods

Assignment Help Microeconomics
Reference no: EM13793812

Why do economists include only final goods and services in measuring GDP for a particular year? Why don't they include the value of the stocks and bonds bought and sold? Why don't they include the value of the used furniture bought and sold?

Reference no: EM13793812

Questions Cloud

Managing information and technology : Managing Information and Technology
Understand the health and trajectory of an economy : Why do you think macroeconomists focus on just a few key statistics when trying to understand the health and trajectory of an economy? Would it be better to try to make examine all possible data?
Federal government of the united states : The federal government of the United States was constructed using the directions provided in the U.S. Constitution. Our Founding Fathers had the wisdom and foresight to create a very flexible and intelligently structured government framework that ..
Product and competitive advantage in product : Normal 0 false false false EN-US X-NONE X-NONE Product and Competitive Ad..
Why do economists include only final goods : Why do economists include only final goods and services in measuring GDP for a particular year? Why don't they include the value of the stocks and bonds bought and sold?
Causes of economic underdevelopment : International Relations scholars appear to disagree on the causes of economic underdevelopment, and unequal distribution of wealth among nations.
Write down the critical value of the test statistic : Write down the critical value of the test statistic at the five percent level of significance and carry out the test. What do you conclude about serial correlation?
Write an essay about should students have to wear uniforms : Write an essay about Should students have to wear uniforms?

Reviews

Write a Review

 

Microeconomics Questions & Answers

  High-income workers but doesnot change for low-income worker

If the level of incomes rises for high-income workers but doesn’t change for low-income workers,

  Consider an economy with three equal sized economic classes

Consider an economy with three equal sized economic classes: the poor, the middle class, and the rich. At currently prevailing prices, the rich buy new houses and after 20 years sell them to the middle class. The middle class buy 20 year old houses a..

  Equilibrium price in any period of an infinitely repeated

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..

  1 asymmetric infomationdefine asymmetric information

1. asymmetric infomationdefine asymmetric information. distinquish between hidden characteristics and hidden actions.

  The factors that cause shifts in supply and the importance

the factors that cause shifts in supply and the importance of demand are examined.what is the law of supply and what

  Which will not cause a decrease in the demand for apples

Suppose we observe that as a firm decreases its price its total revenue decreases. Which of the following is a possible value of its price elasticity of demand. Which of the following will not cause a decrease in the demand for apples.

  Components of a winning strategy for both size carrier

What should the growth strategies be of both large airlines (United, Delta, AA, British Air) and smaller carriers (Spirit, Ryanair)? What are the key components of a winning strategy for both size carrier?

  Pursued export-oriented development strategies

Taiwan and Jamaica are both islands that have pursued export-oriented development strategies, but Jamaica has experienced increases in unemployment and poverty, while Taiwan has experienced decreases. How might you explain this?

  Sources of national and international economic growth

What are the sources of national and international economic growth? Who benefits from such growth and why? Why do some countries make rapid progress toward development while many others remain poor? (Chapters 2, 3, and 4)

  Build and validate a multiple regression modelexplicitly

build and validate a multiple regression model.explicitly describe the following choose the dependent as well as the

  Sketch the indifference curves

Sketch the indifference curves and show where the "corners" are. If the prices or x and y are P_x = 5 and P_y = 1, respectively

  A price consumption curve and a demand curve

A price consumption curve and a demand curve an individual demand curve and a market demand curve

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd