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1. Activities included (and not included) in the calculation ofGDP The gross domestic product (GDP) of Canada is defined as the all in a given

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1. Activities included (and not included) in the calculation ofGDP The gross domestic product (GDP) of Canada is defined as the all in a given period of time. Based on this definition, indicate which of the following transactions will be included in (that is, directly increase) the GDP of Canada in 2017. 2017 GDP Scenario Included Excluded Roadway Motors, a Canadian automobile company, produces a convertible at a plant in Germany on March 11, 2017. O O Roadway Motors imports the convertible into Canada on May 29, 2017. Zippycar, a Canadian automobile company, produces a convertible at a manufacturing plant in Brampton on January 6, O O 2017. It sells the car at a dealership in Ottawa on February 2, 2017. Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in Ottawa on December 14, 2017. O O An elementary school student buys the chocolate bar on December 24. An accountant starts a client's 2017 tax return on April 14, 2018, finishing it just before midnight on April 15, 2018. O O Rotato, a Canadian tire company, produces a set of tires at a plant in Oshawa on September 25, 2017. It sells the set of tires to Speedmaster for use in the production of a two-door coupe that will be made in Canada in 2017. (Note: Focus O O exclusively on whether production of the set of tires increases GDP directly, and ignore the effect of production of the two-door coupe on GDP.)1. Activities included (and not included) in the calculation ofGDP The gross domestic product (GDP) of Canada is defined as the all in a given period of time. market value of Based on this definition, indicate which of the following transad wholesale cost of d in (that is, directly increase) the GDP of Canada in 2017. cost of producing 2017 GDP Scenario Included Excluded Roadway Motors, a Canadian automobile company, produces a convertible at a plant in Germany on March 11, 2017. O O Roadway Motors imports the convertible into Canada on May 29, 2017. Zippycar, a Canadian automobile company, produces a convertible at a manufacturing plant in Brampton on January 6, O O 2017. It sells the car at a dealership in Ottawa on February 2, 2017. Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in Ottawa on December 14, 2017. O O An elementary school student buys the chocolate bar on December 24. An accountant starts a client's 2017 tax return on April 14, 2018, finishing it just before midnight on April 15, 2018. O O Rotato, a Canadian tire company, produces a set of tires at a plant in Oshawa on September 25, 2017. It sells the set of tires to Speedmaster for use in the production of a two-door coupe that will be made in Canada in 2017. (Note: Focus O O exclusively on whether production of the set of tires increases GDP directly, and ignore the effect of production of the two-door coupe on GDP.)1. Activities included (and not included) in the calculation ofGDP The gross domestic product (GDP) of Canada is defined as the all in a given period of time. final goods and services produced transactions will be included in (that is, directly increase) the GDP of Canada in 2017. final goods and services consumed 2017 GDP final and intermediate goods and services produced Included Excluded Roadway Motors, a Canadian automobile company, produces a convertible at a plant in Germany on March 11, 2017. O O Roadway Motors imports the convertible into Canada on May 29, 2017. Zippycar, a Canadian automobile company, produces a convertible at a manufacturing plant in Brampton on January 6, O O 2017. It sells the car at a dealership in Ottawa on February 2, 2017. Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in Ottawa on December 14, 2017. O O An elementary school student buys the chocolate bar on December 24. An accountant starts a client's 2017 tax return on April 14, 2018, finishing it just before midnight on April 15, 2018. O O Rotato, a Canadian tire company, produces a set of tires at a plant in Oshawa on September 25, 2017. It sells the set of tires to Speedmaster for use in the production of a two-door coupe that will be made in Canada in 2017. (Note: Focus O O exclusively on whether production of the set of tires increases GDP directly, and ignore the effect of production of the two-door coupe on GDP.)1. Activities included (and not included) in the calculation ofGDP The gross domestic product (GDP) of Canada is defined as the all in a given period of time. by Canadian citizens Based on this definition, indicate which of the following transacti ectly increase) the GDP of Canada in 2017. within Canada 2017 GDP Scenario by Canadian-owned companies Included Excluded Roadway Motors, a Canadian automobile company, produces a convertible at a plant in Germany on March 11, 2017. O O Roadway Motors imports the convertible into Canada on May 29, 2017. Zippycar, a Canadian automobile company, produces a convertible at a manufacturing plant in Brampton on January 6, O O 2017. It sells the car at a dealership in Ottawa on February 2, 2017. Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in Ottawa on December 14, 2017. O O An elementary school student buys the chocolate bar on December 24. An accountant starts a client's 2017 tax return on April 14, 2018, finishing it just before midnight on April 15, 2018. O O Rotato, a Canadian tire company, produces a set of tires at a plant in Oshawa on September 25, 2017. It sells the set of tires to Speedmaster for use in the production of a two-door coupe that will be made in Canada in 2017. (Note: Focus O O exclusively on whether production of the set of tires increases GDP directly, and ignore the effect of production of the two-door coupe on GDP.)

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