Eliminating intermediate goods and services

Assignment Help Business Economics
Reference no: EM13815147

Use the following information to answer the question: There are three firms in an economy: X, Y, and Z. Firm X buys $400 worth of goods from Firm Y, and $200 worth of goods from Firm Z to produce 250 units of output at $3 per unit. Firm Y buys $250 worth of goods from Firm X and $250 worth of goods from Firm Z to produce 250 units of output at $4 per unit. Firm Z buys $100 worth of goods from Firm X and $500 worth of goods from Firm Y to produce 500 units at $2 per unit. Given this information, using the Value Added approach to eliminating intermediate goods and services (in order to avoid double-counting), what is the economy's GDP?

Reference no: EM13815147

Questions Cloud

What is net present value of investment-What was that worth : ESPN currently pays the NFL $1.1 billion per year for eight years for the right to exclusively televise Monday Night Football. What is the net present value of this investment if the parent Disney Company has an opportunity interest rate equal to its..
What contributed to rise of your royal state : What contributed to rise of your royal state and how did your monarch justify his/her power? How did you and your fellow countrymen participate or react to these changes and why?
The value of the study in relation to social psychology : The value of the study in relation to social psychology
Policies as transportation and communication costs decrease : Less-developed countries have a greater incentive to adopt sound institutions and policies as transportation and communication costs decrease. Political decentralization makes it easier for governments to levy taxes and spend revenues on things that ..
Eliminating intermediate goods and services : Use the following information to answer the question: There are three firms in an economy: X, Y, and Z. Firm X buys $400 worth of goods from Firm Y, and $200 worth of goods from Firm Z to produce 250 units of output at $3 per unit. using the Value Ad..
Foreign affairs-domestic policy and national security : Select three presidents and research their Chief of Staff and White House advisers during their tenure as President. Create a chart comparing and contrasting how these advisers influenced each president in economics, foreign affairs, domestic policy ..
Discuss the advantages of probation and parole : Violations of criminal law can be different types and can vary in severity. Discuss the advantages of probation and parole
Construct a confidence interval around the sample mean : With a sample size of 30, a sample standard deviation of 4.5 hours and using a 0.10 significance level, what critical value will you be using to construct a confidence interval around the sample mean?
Correct interpretation of the confidence interval : Suppose an ASU student sampled 50 students to estimate the proportion of students that favor Billy Big time for Student Body President. The student calculated a sample proportion of .38 and a 95% confidence level that had a margin of error of .02. Wh..

Reviews

Write a Review

Business Economics Questions & Answers

  The net present worth for the project will be

If the initial investment in a project will cost $50,000 with expected benefits of $15,000 a year for 8 years, using 15% MARR per year. The net present worth for the project will be?

  Describe at least four characteristics of a good business

Describe at least four characteristics of a good business.Identify and talk about at least four companies that you regard as having the characteristics.

  An automobile plant

An automobile plant is capable of manufacturing 40 sport utility vechicles in 24 hours. this details the manufacturing plant's

  The study of government regulation and the competitive

The study of government regulation and the competitive environment for business is relevant to all those who study business. All business candidates need to understand how the competitive environment will impact their employers and businesses.

  Overseas producers can sell in the domestic market

If overseas producers can sell in the domestic market Illustrate what is the equilibrium price. Illustrate what is the equilibrium quantity.

  Describe the coase theorem

"The Coase Theorem" Prepare a 2-3 page paper using APA format discussing how the Coase Theorem provides an alternative to government regulation and provision of services. How is the definition of private property a critical part of this analysis?

  Compute the opportunity costs for producing a single twinkie

Compute the opportunity costs for producing a single Twinkie and a single cupcake for Jasper and for Jasmine. Does either have an absolute advantage in the production of Twinkies.

  What is the formula for that equation

what is the formula for that equation? Assume you have 5 uneven payments to make and you want to know what you will be paying at 10% per payment (year) on this uneven payment.

  What is the optimal number of cars to wash per hour

Suppose that you can own a car wash and that its total cost function is C= 20 + 2Q + .3Q^2 where C = total cost (in dollars) per hour and Q is the number of cars washed per hour. You receive 5 dollars for each car washed.

  All other factors remaining unchanged

Using the circular flow (inner-tube) model for national income, what would be the effect of an increase in taxes, taken alone (that is, all other factors remaining unchanged)?

  Q1 when the price of ketchup rises by 15 the demand for

q1. when the price of ketchup rises by 15 the demand for hotdog falls by 1 calculate the cross -price elasticity of

  Q1 consider a firm as we did in the notes that maximizes it

q1. consider a firm as we did in the notes that maximizes it profits by selecting how many workers and how much capital

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