Included in gdp for the current year

Assignment Help Microeconomics
Reference no: EM13684706

Which of the following items would not be included in GDP for the current year?

1. The dollar value of a do-it-yourself repair job in the current year.

2. The dollar value of a lawyer's services rendered in the current year.

3. The production of 50,000 books by McGraw-Hill in one year that were not sold in the current year.

4. The production and purchase of 50 new trucks by UPS in the current year in order to help deliver more parcels to customers.

Reference no: EM13684706

Questions Cloud

From the following information prepare a trading and loss : From the following information prepare a trading and loss account
Analyze the impact of the civilian labor force : Analyze the impact of the civilian labor force. How would your participation in the civilian labor force be affected if you joined the armed services?
Standard tools of expansionary monetary and fiscal policies : Which standard tools of expansionary monetary and fiscal policies can be utilized to stimulate an economy towards growth without increasing the deficit to epic proportions?
The profitability of the leading cola syrup manufacturers : The profitability of the leading cola syrup manufacturers, PepsiCo and Coca Cola, and of the bottlers in the cola business is dissimilar. PepsiCo and Coca Cola enjoy 81 operating profit as a percentage of sales; bottlers experience only 15 operating ..
Included in gdp for the current year : Which of the following items would not be included in GDP for the current year?
Plurality voting system works against third-party candidates : Explain how the combination of winner-take-all and the plurality voting system works against third-party candidates and discourages citizens from voting for those candidates.
Explains why elasticity varies along a linear demand curve : Which of the following best explains why elasticity varies along a linear demand curve? Labor demand is more elastic when:  Unions are likely to be less successful in negotiating higher wages in those labor markets in which:
According to the classical view of business cycles : According to the Classical view of business cycles:
A doubling of both nominal gdp and prices for all goods : A doubling of both nominal GDP and prices for all goods and services in the economy implies that:

Reviews

Write a Review

Microeconomics Questions & Answers

  Draw a monopolistic competitor in long run equilibrium

Draw a monopolistic competitor in long run equilibrium. On the same graph draw the long run perfect competition equilibrium. Describe why a monopolistically competitive market cannot reach the same equilibrium as perfect competition in the long run.

  The walt disney company the creators of mickey mouse

Each of the following firms possesses market power. Explain its source. Merck, the producer of the patented cholesterol-lowering drug Zetia

  Problem 1a use the spreadsheet to compute the net present

problem 1.a. use the spreadsheet to compute the net present value of the following series of cash flows assuming a

  Identify an open-market operation that would restore economy

Draw a graph of aggregate demand and aggregate supply to illustrate the current situation. Be sure to include the aggregate demand curve, the short run aggregate supply curve and the long-run aggregate supply curve

  A company produces an electronic timing switch that is used

a company produces an electronic timing switch that is used in consumer and commercial products. the fixed cost cf is

  Sppose that the firms initial demand curve had been p

suppose that the firms initial demand curve had been p 5000 - 50q and that it shifted inward to p 4000 - 50q. assume

  Find the dynamically efficient allocation of 2000 units of

suppose that there are 2000 units of a non-renewable resource available over two periods. demand in each period is

  Create the presentation of 8-10 slides in form of the

create a presentation of 8-10 slides in the form of a proposal discussing the benefits of strategic capacity planning

  The marketing team of burton snowboard is analyzing her

The marketing team of Burton Snowboard is analyzing her demand for two types of snowboard – Professional and Standard models. At Thanksgiving sales, the Professional board is discounted from the original price of $1,000.

  The marginal rate of substitution between capital and labour

Q=aK+bL, where a and b are the coefficients of capital and labour respectively. Q refers to output, K refers to capital and L refers to labour. show that the marginal rate of substitution between capital and labour is MRTSKL=b/a

  Explain apparent inconsistency in samller multiplier

smaller multiplier means that the change in government purchases of goods and services or taxes necessary to close an inflationary or recessionary gap is larger. Explain this apparent inconsistency

  Growth influence the level of gdp per person

How does the rate of population growth influence the level of GDP per person?

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