Gdp – to be, or not to be…counted? that is the question

directions: for each of the following, determine whether or not it is counted in gdp. if it’s counted, then tell me whether its consumption, investment, government spending, net exports, rent, wages, interest or profit. if it’s not counted, then explain why.

1. paris hilton earns $7.50/hr working at the local grocery store.


2. koko purchases a brand new toyota tundra made in san antonio.


3. the united states marine corps invades austin, texas and in the process spends $5 billion. austin surrenders.


4. on vacation, hugo chavez purchases a goofy hat at walt disney’s magic kingdom. he then declares himself supreme leader of tomorrow land.


5. my father-in-law receives a monthly check for the oil pumped off of his property.


6. intel spends $300 million building a semiconductor factory in san jose, costa rica.


7. intel spends $300 million building a semiconductor factory in san jose, california.


8. former british prime minister tony blair decides to start a boy band and purchases a used volkswagen euro van in which to tour south texas.

9. john deere tractor receives payment from lindsey lohan for a new tractor.


10. mr. mayer buys himself a $500,000 house that was built 50 years ago. it burns to the ground the next day. uninsured.

Answers

Answer 1

This prompt has to do with the classification of activities that should comprise of the Gross Domestic Product (GDP).

What is GDP?

Gross Domestic Product (GDP) is defined as the sum total of all finished goods and services manufactured within the borders of an economy.

1. Paris Hilton earns $7.50/hr working at the local grocery store. (To be counted - Wages)

2. Koko purchases a brand new Toyota tundra made in san Antonio. (To be counted - Consumption)

3.The united states marine corps invades Austin, Texas and in the process spends $5 billion. Austin surrenders. ( To be counted - Government Spending)

4. On vacation, Hugo Chavez purchases a goofy hat at Walt Disney's magic kingdom. He then declares himself the supreme leader of tomorrow's land. (The purchase of the hat is Consumption)

5. My father-in-law receives a monthly check for the oil pumped off of his property. (To be counted - Rent/Royalty)

6. Intel spends $300 million building a semiconductor factory in San Jose, Costa Rica. (To be counted - Consumption)

7. Former British prime minister Tony Blair decides to start a boy band and purchases a used Volkswagen euro van in which to tour south Texas. (To be counted - Consumption)

8. John Deere tractor receives payment from Lindsey Lohan for a new tractor. (to be counted - Consumption by Lohan)

9. Mr. Mayer buys himself a $500,000 house that was built 50 years ago. it burns to the ground the next day. uninsured. (To be counted from the perspective of the seller)



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Related Questions

Which type of Financial Aid am I? I am given to students who come from lower-income families and I do not need to be repaid. *

Answers

Grant. A grant, is a form of financial aid that doesn’t have to be repaid.

what is professional education​

Answers

Answer:

Definition. Professional education includes any programs that improve the knowledge, skills, attitudes, or behaviors of health care providers on the importance of breast- feeding, the physiology and management of lactation, or counseling related to breastfeeding.

DescriptionProfessional development is learning to earn or maintain professional credentials such as academic degrees to formal coursework, attending conferences, and informal learning opportunities situated in practice. It has been described as intensive and collaborative, ideally incorporating an evaluative stage.

What is mainly the effect of including the phrase "A Ballad of the Republic" in the title?



a


It shows that the poem is a political poem.


b


It claims that the story of Casey well-known throughout the country before the poem was published.


c


It identifies Mudville was a famous site for a battle during the Civil War.


d


It suggests the stakes of this game feel as great as a war battle

Answers

The inclusion of the phrase "A Ballad of the Republic" in the title was important as it D. It suggests the stakes of this game feel as great as a war battle.

What is a phrase?

A phrase simply means a group of words that are taken from what has been said by someone else.

In this case, the phrase "A Ballad of the Republic" in the title suggested the stakes of this game feel as great as a war battle.

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YASHARI earns $27,000 per year, is single, and lives in Wyoming. She has $7000 in Direct Subsidized loans and another $19,000 in Direct Unsubsidized loans. She is trying to save up an emergency fund of at least 6 months’ take-home pay, so she’s torn about how much she should devote to her student loans and how much to the emergency fund every month.

Which plan has the highest total amount paid? How long is the repayment period for this plan?

Answers

Answer:

Income-Contingent Repayment (approximately $37,812), 21 years

Explanation:

With a monthly payment limit of 20% of her discretionary income and no loan forgiveness eligibility, Yashari would pay $147-142 per month, $37,812 total, until December 2043 (21 years from 2022).

YASHARI should compare scenarios of paying off student loans first or simultaneously building an emergency fund. The repayment period varies depending on factors like interest rates and monthly allocations.

The choice of whether to put emergency fund development ahead of repaying her student loans is at the center of YASHARI's conundrum. Plan 1 calls for devoting all surplus funds to loan repayment before beginning to accumulate an emergency fund. The total amount paid toward the loans as a result of this strategy is higher.

Plan 2 entails making minimum loan payments while allocating a portion of extra funds to create the emergency fund. Even though Plan 2's overall payment may be less, it enables YASHARI to create a financial safety net at an early stage. Each plan's repayment period is influenced by various elements including interest rates and monthly allotments. By consulting a financial advisor, YASHARI is able to create a personalized strategy that fits her financial objectives and situation.

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A multinational enterprise would likely be motivated to pursue a global-standardization strategy in order to ______. (Check all that apply.)

Answers

-maintain maximum efficient scale
-differentiate more
-take advantage of economies of scale
-take advantage of location economies
-be locally responsive
-take advantage of economies of scale
-take advantage of location economies

A specified amount of money an insured individual must pay before an insurance company will pay a claim correctly defines which of the following? Deductible Tangible Deposits Contributions

Answers

Answer: Deductible

Explanation:

Deductible is a specified amount of money an insured individual must pay before an insurance company will pay a claim.

It should be noted that in insurance policy, deductible simply refers to the amount that is paid by the insured before the expenses incurred by the person will be paid by the insurance company.

For example, is there is a $3000 deductible for a particular plan. One has to pay the $3000 first before before the insurance company settles other things.

Product A's annual inventory turns is 8 and product B's annual inventory turns is 5. Which product spends more time in inventory on average

Answers

The Product B which have an annual inventory turns of 5 is the product that spends more time in inventory on average.

What is annual inventory turns?

An annual inventory turns is also called Inventory turnover is a metric that indicates the rate at which a company sells and replaces its stock of goods during a particular period.

In conclusion, the Product B which have an annual inventory turns of 5 is the product that spends more time in inventory on average.

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If on receiving a checking deposit of $300 a bank's excess reserves increased by $255, the required reserve ratio must be

Answers

If on receiving a checking deposit of $300 a bank's excess reserves increased by $255, the required reserve ratio must be 15%.

What is the required reserve ratio?

The required reserve ratio is the fraction of deposits that the Federal Reserve requires banks to hold as reserves.

The reserve ratio can be computed by dividing the difference between the deposit and the increase in excess reserves by the original deposit and multiplying by 100.

Data and Calculations:

Checking deposit = $300

Increase in excess reserves = $255

Required reserve = $45 ($300 - $255)

Reserve ratio = 15% ($45/$300 x 100)

Thus, if on receiving a checking deposit of $300 a bank's excess reserves increased by $255, the required reserve ratio must be 15%.

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Adams, Inc. has sales of $100,000 with a contribution margin of $60,000 and net income of $20,000. Baron, Inc. has sales of $110,000 with a contribution margin of $44,000 and net income of $22,000. Which of the following statements are correct? Multiple select question. If sales fall, Baron will experience a greater decrease in income than Adams. Baron's net income grows twice as fast as its sales. Adams has a higher degree of operating leverage than Baron.

Answers

The true statement is that Adams has a higher degree of operating leverage than Baron.

What is a operating leverage?

The  cost-accounting formula is used to measures the degree a project can increase the operating income by increasing revenue.

Here, the degree of operating leverage is for Adams, Inc is 3 and for Baron, Inc. is 2.

Hence, the true statement is that Adams has a higher degree of operating leverage than Baron.

Therefore, the Option C is correct.

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The amount transferred from work in process to finished goods is ______.

Answers

Answer:

Cost of goods manufactured

Explanation:

Keisha is renting a one-bedroom apartment but allows her best friend to move in and pay $200 per month to sleep on the couch for the summer while she is between jobs. The apartment is burglarized one afternoon when they are both out, and the thief steals both of their laptops, Keisha’s TV, and her best friend’s wireless headphones. What will the insurance company cover?

a. None of these items
b. Keisha’s laptop and TV only
c. Keisha’s laptop and TV and 10% of the cost of her friend’s laptop and headphones
d. Keisha’s laptop and TV and her friend’s laptop and headphones

Answers

Answer:

It would be A. None of these items.

Explanation:

Insurance would never cover a TV, headphones, and two laptops.

When the store director gives directions to the grocery sore manager, what type of communication is being used?

Answers

The type of communication that is being used here is what is called the upward communication.

What is the upward communication?

This is the type of communication that occurs in the business place where instructions are passed from the head to the subordinates.

From what we can see here, the store director is the head who is communicating to the grocery manager.

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True or False: The effect of the tax on the quantity sold would have been larger if the tax had been levied on consumers.

Answers

It is false that the effect of the tax on the quantity sold would have been larger if the tax had been levied on consumers.

What is Tax?

Tax refer compulsory levy or contribution place on individual, organization or state which is levied by government majorly on workers income or business profits of companies or can be added to cost of goods, services or even any transactions done.

Therefore, It is false that the effect of the tax on the quantity sold would have been larger if the tax had been levied on consumers because the effect of tax on consumers or producers is normally determined by price elasticity.

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1. Assume you graduate high school with an outstanding GPA. What are the short- and long-term benefits?
2. Assume you graduate high school with a subpar GPA. What are the short- and long-term consequences?

Answers

The benefit of an outstanding GPA includes:

being an attractive prospect for a jobits tells about educational prowess.

The consequence of a subpar GPA includes:

likely to be seen as unserious student while in schoolits tells about low level of educational prowess.

What is an outstanding GPA?

Having an outstanding Grade Point Average means having over 75% excellence in overall result of a college.

These student are qualify for the dean's list and honors programs

What is a subpar GPA?

Having an subpar Grade Point Average means having less than 50% excellence in overall result of a college.

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An organization that pursues both profit and social missions simultaneously is called a _____ organization

Answers

Hybrid organization




An organization that pursues both profit and social missions simultaneously is called a hybrid organization.

What is a hybrid organization?

A hybrid organization combines components, value systems, and action logics (such as generating profit and having a positive social impact) from several societal sectors, including the public, private, and nonprofit sectors. Hybrid institutions and governance provide a more broad definition of hybridity.

According to earlier study, organizations that operate in both the public and private domains have the following characteristics:

Joint possession Conflicting institutional philosophies and goals within the same organization A variety of funding sourcesUnique methods of social and economic control

Conflict within hybrid organizations may be more likely because they combine several stakeholder groups. This results in  difficulty with stakeholder management.

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Can someone pls help me with this? I'll give Brainliest :]

Answers

Answer:

sure but how can i help

Explanation:

Alonso is preparing for the grand opening of his wild animal sanctuary. He has wants to invite local politicians, animal rights activists, journalists, and his investors to the event. Because of all the important tasks that need done before the grand opening, Alonso cannot spend too much time searching for the best invitation, so he follows the satisficing model by
a. ordering high-quality paper and handwriting each invitation.
b. reviewing every possible invitation available online and at the local store.
c. deciding not to send invitations after all.
d. ordering some that seem fairly nice and have animals on them.

Answers

Alonso cannot spend too much time searching for the best invitation, so he follows the satisfying model by ordering some that seem fairly nice and have animals on them. Option D

This is further explained below.

What is a wild animal sanctuary. ?

A place where the natural habitats of animals and their surrounding environments are preserved undisturbed and unaltered is called a wildlife sanctuary.

In these areas, it is illegal to capture, kill, or otherwise take an animal in any way, including by poaching. Their goal is to provide the animals with a life that is as stress-free as possible.

In conclusion,  The term "satisficing model" refers to a framework that, rather than concentrating on achieving the best possible results, prioritizes doing what is considered to be "good enough." In the scenario presented here, Alonso wishes to celebrate the great inauguration of his wild animal sanctuary with attendees including politicians, activists, and media.

The satisfactory model anticipates that he will purchase charming invitation cards that have printed images of various animals. Because, in contrast to alternative possibilities, it yields results that may be considered sufficient or adequate.

The concept of providing a safe haven for wild animals may be conveyed effectively via the use of printed animal photos on invites.

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Douglas has a credit card with an interest rate of 11.05%, compounded monthly. He used his credit card to buy a new sofa, which cost $670 before the sales tax of 7.94%. Douglas paid off his balance by making equal monthly payments for three years. Assuming that he had no other purchases on his credit card, how much did Douglas pay in total for the sofa

Answers

Answer:

The amount financed is 670 x (1+0.0794) = $723.20

Next, find the monthly payments ...

P[ 1 - (1+0.1105/12)^(-12*3)] / (0.1105/12) = 723.20

P = $23.69/mo

Total payments = 23.69 x 36 = $852.84

Explanation:

Typing with capital letters and exclamation points in an email is an example of:

A.
poor etiquette.

B.
mixing personal and company business.

C.
getting your point across.

D.
using emoticons.

Answers

Typing with capital letters and exclamation point in an email is an example of poor etiquette

A terrible example of email etiquette is using capital letters and exclamation points. Therefore, option (A) is accurate.

What do you meant by poor etiquette?

If you interrupt someone else while they are speaking, whether on purpose or not, it is impolite. Allow your manager or coworker to finish their sentence, even if you disagree with what they are saying, before offering your own thoughts and opinions.

Using the words "please" and "thank you," holding doors open, covering our mouths while chewing, wearing appropriately, and shaking hands are all examples of etiquette. They are crucial because they instill confidence in us, free up our attention to concentrate on the substance of our interactions, and instruct us on how to behave and what to anticipate from other people.several forms of manners.

Social etiquette is crucial for people to learn since it shows them how to conduct themselves in public. Bathroom Protocol – The protocol for using the

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A team suffering from resentment among team members should work on its ______. A. Long term goals b. Job satisfaction c. Communication d. Customer service Please select the best answer from the choices provided A B C D.

Answers

Answer:

C

Explanation:

The study that asked workers to rank a list of job-related factors in order of what motivated them most was a new direction taken by:

Answers

Federick Herzberg gave a study about how workers can rank a list of job-related factors so they can be motivated.

Who is Federick Herzberg?

Federick Herzberg was an icon and a educationalists who devoted his time to explain about job-related factors and how motivation help workers to be productive.

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You purchased 100 shares of Granny Smith stock one year ago. You purchased your stock at $157.21 per share. You earned $232 in dividends this year. If you sold your all your shares today at the current market value of $217.58 per share, what would you rate of return be for the year

Answers

The rate of return for the year from the purchase of 100 shares of Granny Smith stock a year ago is 39.88%.

What is the rate of return?

An investment's rate of return is the net gain over the specified period.

The return or net gain (Revenue - Cost) is usually expressed as a percentage of the investment's initial cost.

Data and Calculations:

Numer of shares purchased = 100

Cost price per share = $157.21

Total cost of purchase = $15,721 ($157.21 x 100)

Dividends for the year = $232

Current price per share = $217.58

Total returns or net gain = $6,269  ($217.58 - $157.21 x 100 + $232)

Rate of return = 39.88% ($6,269/$15,721 x 100)

Thus, the rate of return for the year from the purchase of 100 shares of Granny Smith stock a year ago is 39.88%.

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Morgan owns XYZ Corp. , but after a year of operation the company has yet to earn a profit. Who has the most to lose if XYZ Corp. Fails

Answers

Answer:

Morgan

Explanation:

The failure of the XYZ corporation leads to the laws to Morgan, who is the owner of the company and has to wear all the losses of the organization.

What is corporation?

Corporation refers to the association of the people who are working together in order to achieve the common objectives. The goal of the organization is profit maximum by satisfying the needs and wants of the customers.

According to the above scenario, XYZ is a corporation hold by the Morgan. The company had taken several years of operation to earn the profit, but still struggling for it.

If the organization sales to on the process, then owner Morgan will have to face the losses of the company as well as all the shareholders and investors will have to face loss.

Therefore, it can be concluded that Morgan has the most to lose if the corporation fails.

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In the short run, if average product is at its maximum, then average variable cost is at its minimum. Group of answer choices True False

Answers

In the short run, if average product is at its maximum, then average variable cost is at its minimum. This is correct.

What is average product and average variable cost?

Average variable cost is the cost of input that varies with the output produed per unit produced. It is total variable cost divided by the number of output.  Average product is the is total product divided by output.

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Which pathway would use a computer-aided design program (CAD)?

Answers

Answer:

Explanation:

The career pathway where an individual would use a computer-aided design program is manufacturing production process development.

A person who works in this pathway is expected to be able to make design for products and create designs for the manufacturing processes involved. Some examples of professions that are included in this career pathway are materials engineers, industrial engineering technicians, and environmental scientists.  

1. What roles can 3PL play in the CCL e-commerce initiative?

Answers

The roles that the 3PL can play inb the e commerce initiative are:

They can help to get items to customers at a good time.They can help in the storage of items.They can help in transportation and the distribution of goods.

What is the 3PL?

This is a term that is used tpo refer to third party logistics.  They are known to perform several roles in the e commerce business.

It performs a very important role in the supply chain. It helps with logistics of the supply chain.

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If you were starting a new business describe at least three departments to the company that you would need right away why are these departments so important

Answers

Answer:

Explanation:

These departments are as follow:-

1) Admin

2) Administrative

3) HOD (Head Of Departments)

A company has the following activities and costs: machine setup of $5,000 per setup and factory services of $100 per square foot. If product 1 uses 2 setups and has 10,000 square feet, overhead allocated to product 1 is $

Answers

Answer:

1010000

Explanation:

Carly must determine how many gallons of paint are needed to paint the walls in her new apartment. Because she is on a tight budget, it is important that she estimates accurately and doesn't buy more paint than she needs. It is MOST likely that Carly will use a(n):

Answers

She will most likely use a Mental set to accurately estimates the number of paint she will needs to paint her room.

What is a Mental set?

A Mental set refers to way of approaching a problem in a way that has been successful made in the past which will be helpful in solving a new problem.

She may have to ask someone who have used a paint to decorate their room in order to have a good estimate of needed paint.

Therefore, she will most likely use a Mental set to accurately estimates the number of paint she will needs

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Mouse Inc. uses the alternative method of accounting for prepayments and purchased a $1,200, 6-month insurance policy. The company immediately debited the Insurance expense account. By the end of the period, $400 of the policy had expired. Demonstrate the required adjustment needed at the end of the period.
a) Credit Prepaid insurance $800.
b) Debit Prepaid insurance $800.
c) Debit Insurance expense $400.
d) Debit Prepaid insurance for $400.

Answers

Based on the amount of the policy that has expired, Mouse Inc. should b) Debit Prepaid insurance $800.

Why should this be done?

When prepayments such as these are made, they should be sent to the prepaid account. At the end of the period, the balance in the prepaid account should reflect expenses that have been paid for, but not yet incurred.

At the end of this period therefore, the prepaid expenses should be debited for $800 which is the amount of insurance that is yet to be used.

In conclusion, option B is correct.

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