User Account

All Pages

Would the commissions for the real estate agent

Assignment Help Macroeconomics
Reference no: EM13335262

Is the value of a house built in 2000 and resold in 2011 included in 2011 GDP? Why or why not?

Would the commissions for the real estate agent who helped buy (and sell) the house in 2011 be counted in 2011 GDP? Why or why not?

Reference no: EM13335262

Questions Cloud

Explain treatment of the solution with clo : Treatment of the solution with ClO- in alkaline solution yields a yellow solution and a colored precipitate. Ions Present- Ions absent
Purchase of merchandise on credit using perpetual inventory : Which of the is allowed under generally accepted accounting principles - purchase of merchandise on credit using a perpetual inventory system includes
Why do economists prefer real gdp as a measure of economic : If prices rise, people’s income from selling goods increases. However, the growth of real GDP ignores this gain. Given this information, why do economists prefer real GDP as a measure of economic well-being?
What is the final speed of the three coupled boxcars : Two coupled boxcars are rolling along at 4.0m/swhen they collide with and couple to a third, stationary boxcar. What is the final speed of the three coupled boxcars
Would the commissions for the real estate agent : Is the value of a house built in 2000 and resold in 2011 included in 2011 GDP? Why or why not? Would the commissions for the real estate agent who helped buy (and sell) the house in 2011 be counted in 2011 GDP? Why or why not?
Evaluate the standard cell potential : A voltaic cell is based on a Co2+(aq)|Co(s) half-cell and an AgCl(s)|Ag(s) half-cell. Calculate the standard cell potential.
What is the average total profit generated for the month : What is the highest volume of our highest margin product sold in December?
Adequate care : n a 3-4 page paper, consider the following questions and explain your position of the issues: Do you think that this girl is receiving adequate care? Should she be able to see a primary-care physician before her condition gets so acute that she must ..
Should economic policymakers strive to achieve an inflation : Should economic policymakers strive to achieve an inflation rate of zero percent? Justify your answer and be sure to explain the implications this would have on the economy.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Estimate of potential gdp to differ in $12 trillion economy

Suppose one economist believes the target rate of unemployment is 4.3 percent while another believes it is 5.5 percent. Using Okun's rule of thumb, by how much would you expect their estimates of potential GDP to differ in a $12 trillion economy

  Find the equilibrium level of real gdp for smallville

Consider the following model of a closed economy (Smallville): MPC = 0.8 - 0.01Y (marginal propensity to consume) C = MPC x YD (consumption function) YD = (Y - T) (disposable income)

  Does david reduce his consumption of gasoline

Use the Lagrange method to solve for David's optimal choices of gasoline and bread as a function of the price of gasoline, PG, the price of bread, PB, and his income Y. b. If the price of gasoline increases, does David reduce his consumption of..

  Production decisions of company

A company produces two main products: electronic control device3s and specialty microchips. The average total cost of producing a microchip is $300; the firm sells the chips to other high-tech manufacturers for $550. Should the company produce con..

  Calculate the elasticity for each variableat any point

a. Calculate the elasticity for each variable at that point and briefly comment on what information this gives you for each variable. b. Should this firm be concerned if macroeconomic forecasters predict a recession

  Calculate the money multiplier and the expansion of money

Calculate the money multiplier and the expansion of money when

  Explain the difference between the population coefficient

Explain the difference between the population coefficient, i.e. ß(hat) and sample coefficient, i.e. ß. Also, please explain the difference between the OLS predicted Y (predicted dependent variable) and E(Y|X)

  How the reserve requirement affects economic growth

Banks fail when all depositors try to withdraw money at same time. One way to stop this problem would be to need banks to hold 100 percent of deposits on hand.

  Utility maximization problem

Maggie's utility function is and her income is $5000. Then her MRS at generic bundle (x1, x2) is 50-0.25x1. Commodity 2 is a composite good, and hence its price is unity.

  Write the equation for the medical isocost of afc

It has been estimated that an additional doctor could increase the daily output of the clinic by 25 patients, while an additional nurse would increase the number of patients served in a day by only 10. What is the marginal rate of substitution bet..

  Illustrate what factors have contributed to increased income

Illustrate what factors have contributed to increased income inequality an economy along with an equitable income distribution may be efficient as well.

  Why does a high unemployment rate raise

Cheaper used textbooks raises the marginal cost (MC) of attending CSULB. c. Cheaper used textbooks lowers the marginal benefit (MB) of attending CSULB. d. Cheaper used textbooks raises the marginal benefit (MB) of attending CSULB.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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