Which of these will be included in US GDP for 2005, Microeconomics

Assignment Help:
Which of these will be included in US GDP for 2005?
a) A car produced in Japan in 2005 and sold in the US in 2005
b) A car produced in the US in 2004 and sold in Japan in 2005
c) A car produced in the US in 2004 and sold in the US in 2005
d) A car produced in the US in 2005 and sold in Japan in 2006
e) A car produced in Japan in 2004 and sold in the US in 2005
Ans. d
Which of the following scenarios best illustrates the concept of cyclical unemployment?
a) Grace loses her job because of new automated machinery
b) Sean quits his job to look for work that is more fun
c) Ellen is unqualified for most jobs because she dropped out of high school
d) Marian loses her job because of a recession
Ans. b

Related Discussions:- Which of these will be included in US GDP for 2005

Market structures, output and price determination under oligopoly market st...

output and price determination under oligopoly market structure

Demand functions for one product facing two markets, Suppose a firm faces t...

Suppose a firm faces two markets for the same product. In market A, the demand function is PA=60-QA, while in market B the demand function is PB=36-0.5QB. The total cost function i

What is meant by the identification problem, 1. What is simultaneous biases...

1. What is simultaneous biases? Discuss the cause of ednoginity in regression analysis. 2. Explains concisely what is meant by ' the identification problem'' in the context of l

Explain about contingent valuation, Q. Explain about Contingent valuation? ...

Q. Explain about Contingent valuation? Evaluation of willingness to pay for a specified environmental resource or a change in the resource, through use of structured questionna

Garrisons capital-based macroeconomics, Consider an economy with high innov...

Consider an economy with high innovative potential, but where saving is insufficient to fund innovative investments. Use Garrison's capital-based macroeconomics to explain how more

Fixed exchange rate system, FIXED EXCHANGE RATE SYSTEM: National curre...

FIXED EXCHANGE RATE SYSTEM: National currencies are generally acceptable within the geographical boundaries of a country. As such, trade between countries typically involves

Absolute advantage and comparative advantage, Absolute advantage is the sim...

Absolute advantage is the simplest yardstick of economic performance and it may be simply describe as If one person or a firm or a country may produce more of something with the sa

Determine optimal price, Determine Optimal Price, Quantity and Economic Pro...

Determine Optimal Price, Quantity and Economic Profit A firm has a demand function P = 200 – 5Q and cost function:  AC=MC=10 and a potential entrant has a cost function: AC=MC

Indifference curve.., a consumer consumes only two goods x and y is in eqil...

a consumer consumes only two goods x and y is in eqillibrium price of x falls explain the reaction of consumer through utility analysis

Write Your Message!

Captcha
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