Why arent all of the expenditures on used goods in an economy included in current GDP?

Question:

Why aren’t all of the expenditures on used goods in an economy included in current GDP?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

See More Books

Question Posted: Jan 19, 2023 03:56 AM

See More Questions

Consider each of the transactions below. All of the expenditures were made in cash. 1. The Edison Company spent $12,000 during the year for experimental purposes in connection with the development of...
Why are goods and services counted in GDP at market value? Are there any disadvantages or problems in using market values to measure production?
Why are expenditures other than the net purchase price included in the cost of an asset?
(b) (i) What is the smallest natural number n, such that n!> 2" (ii) Prove that n !> 2" is true any natural number greater than or equal that number. (c) Given a finite set of natural numbers ACN....
A study investigated the relationship between audit delay (Delay), the length of time from a company's fiscal year-end to the date of the auditor's report, and variables that describe the client and...
Paramount Services provides a range of business consultancy services. Its financial statements for the last year are given in Table 7.17. Note that the format of the Balance Sheet is different to...
Production workers. Lets look at production workers, the traditional working men (and women). Their average hourly earnings were $9.14 in 1987 and $16.76 in 2006. Compute the 1987 earnings in 2006...
Ethanol (C2H5OH) melts a - 144 oC and boils at 78 C. The enthalpy of fusion of ethanol is 5.02 kj/mol, and its enthalpy of vaporization is 38.56 kj/mol. The specific heats of solid and liquid ethanol...
4 . 1 . Using the information provided below, answer the following questions. ( 1 0 marks ) INFORMATION You are the management accountant at Oxygenesis Ltd , a manufacturing company based in South...
Why do you think economic forecasters focus so much on consumption purchases and their determinants?
If we choose to decrease our hours worked because we value the additional leisure time more, will the resulting change in real GDP accurately reflect the change in our well-being? Why or why not?
A friend who knows nothing about the concepts in this chapter is considering purchasing a house for rental to students. In just a few words, what would you tell your friend to think about in making...
On Apple company with specific iPhone product Required to conduct a SWOT and PESTEL analysis, identifying the internal strengths and weaknesses and external opportunities and threats of the Apple...
In which social platforms are Walmart's brand/company active? In your opinion, are they doing a good job regarding customer engagement through social media channels? (Required: screenshots from the...
After you have watched both films, how would you describe each film? Also, consider what makes these early films different. List as many observations as you can that separate the Lumi re brothers...
How to develop the following points with the Poshmark application for second hand? 1. What are the main reasons for using this product? Or why not? 2. What are the hidden motivations? 3. Are there...
Suppose, in an experiment to determine the amount of sodium hypochlorite in bleach, you titrated a 22.84 mL sample of 0.0100 M K I O 3 with a solution of N a 2 S 2 O 3 of unknown concentration. The...
In problem, solve each exponential equation. Express irrational solutions in exact form and as a decimal rounded to three decimal places. 5 -x = 25
How do the principles of (a) Physical controls and (b) Documentation controls apply to cash disbursements?
Assume you are responsible for assessing whether the air quality standard for carbon monoxide (CO) is set at the efficient level for some region. To accomplish this task, you have estimated the...
Suppose industry abatement costs rise from $850 million in 2011 to $1,000 million in 2012 in nominal terms and that the CPI is 100 in 2011 and 106 in 2012. a. Evaluate the change in costs over the...
To examine the implications of selecting various discount rates, reconsider the water filtration system example in the text but change the discount rate from 10 percent to 5 percent. a. Find the...
Famas Llamas has a weighted average cost of capital of 8.8 percent. The companys cost of equity is 12 percent, and its pretax cost of debt is 6.8 percent. The tax rate is 22 percent. What is the...
The common stock of a company paid 1.32 in dividens last year. Dividens are expected to gros at an 8 percent annual rate for an indefinite number of years. A) If the company's current market price is...
(1 point) Bill makes annual deposits of $1900 to an an IRA earning 5% compounded annually for 14 years. At the end of the 14 years Bil retires. a) What was the value of his IRA at the end of 14...

Why arent all of the expenditures on used goods in an economy included in current GDP?

Question:

Step by Step Answer:

Current GDP does not include expenditures on used go...View the full answer

Exploring Economics

Students also viewed these Business questions