Business, 19.09.2019 16:30 maayajskkcc

1. what are the main components of measuring gdp? 2. would you usually expect gdp as measured by? what is demanded to be greater than gdp measured by what is supplied, or the reverse? 3. why must you avoid double counting when measuring gdp? 4. what is the difference between a series of economic data over time measured in nominal terms versus the same data series over time measured in real terms? 5. how do you convert a series of nominal economic data over time to real terms? 6. what are typical gdp patterns for a high-income economy like the united states in the long run and the short run? 7. what are the two main difficulties that arise in comparing different countries gdp? 8. list some of the reasons why economists should not consider gdp an effective measure of the standard of living in a country.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 13:30

There are about 6.8 billion people in the world, and about 11.4 billion usable hectares. currently, the population of the united states has an ecological footprint of about 9.0 hectares per person. if all people in the world were to live at the level of consumption found in the united states, the population of the world would have to in order to support them.

Answers: 1

Answer

Business, 22.06.2019 17:30

Aproject currently generates sales of $14 million, variable costs equal 50% of sales, and fixed costs are $2.8 million. the firm’s tax rate is 40%. assume all sales and expenses are cash items. (a). what are the effects on cash flow, if sales increase from $14 million to $15.4 million? (input the amount as positive value. enter your answer in dollars not in (b) what are the effects on cash flow, if variable costs increase to 60% of sales? (input the amount as positive value. enter your answers in dollars not in millions). cash flow (increase or decrease) by $

Answers: 2

Answer

Business, 22.06.2019 17:30

Dr. sperry, a biologist, is using excel to track growth rates of different populations of bacteria. she has a very complex formula in one cell. it begins with “round”. dr. sperry would like to see exactly how excel’s calculation reached the final rounded value that she sees in the cell. what could dr. sperry do to best understand how the calculation was made? try different formulas on her own until she reaches the value shown in excel click on the evaluate formula button in the formulas tab and then click “step in” select the cell and then look at the formula in the formula field of the ribbon remove “round” from the formula in order to see the actual value before rounding

Answers: 2

Answer

Business, 22.06.2019 21:00

At present, the united states has an embargo against north korea because a. the two countries have extremely poor political relations. b. north korea will not adopt a capitalist government. c. north korean products are too difficult to use. d. north korea has an embargo on american products. e. products from north korea are in higher demand than american-made products.

Answers: 2

Answer

You know the right answer?

1. what are the main components of measuring gdp? 2. would you usually expect gdp as measured by?...

Questions