What two things does gross domestic product measure? How can it measure two things at once?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
Gross domestic product measures two things at once 1 The ...View the full answer
Answered By
Morgan Njeri
Very Versatile especially in expressing Ideas in writings.
Passionate on my technical knowledge delivery.
Able to multitask and able to perform under pressure by handling multiple challenges that require time sensitive solution.
Writting articles and video editing.
Revise written materials to meet personal standards and satisfy clients demand.
Help Online Students with their course work.
4.90+
12+ Reviews
38+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Does a countrys gross domestic product (GDP) indicate its level of technology? The CIA World Factbook [https://www.cia.gov/] provides statistics on all world countries. The following 2008 information...
-
Gross domestic product (GDP) is a major indicator of a nation's overall economic activity. It consists of personal consumption expenditures, gross domestic investment, net exports of goods and...
-
Gross domestic product (GDP) is a major indicator of a nation's overall economic activity. It consists of personal consumption expenditures, gross domestic investment, net exports of goods and...
-
You are an information technology (IT) intern working for Health Network, Inc. (Health Network), a fictitious health services organization headquartered in Minneapolis, Minnesota. Health Network has...
-
Find the null space of the matrix B, N(B). -6 4-36 6 B=12-1 10-1 3 2-18 3
-
a. Find the open intervals on which the function is increasing and decreasing. b. Identify the functions local and absolute extreme values, if any, saying where they occur. K(t) = 15t 3 - t 5
-
Beccan Company is a discount tire dealer operating 25 retail stores in the metropolitan area. Beccan sells both private-brand and name-brand tires. The company operates a centralized purchasing and...
-
a. Johnson plans to use the preceding ratios as the starting point for discussions with RR's operating team. Based on the data, does RR seem to be following a relaxed, moderate, or restricted current...
-
About Project Chariot 3.Estimate the likely impact of Project Chariot on the value of Marriott's existing bondholders. Specifically, by how much do you expect the value of existing bonds to change?...
-
In the federal budget delivered on February' 18, 2003, finance minister John Manley announced that the federal government will use full accrual accounting according to Canadian GAAP , as recommended...
-
Explain why the following reactions might reflect some deviation from rationality. a. After a widely reported earthquake in California, many people call their insurance company to apply for...
-
Which contributes more to GDPthe production of a pound of hamburger or the production of a pound of caviar? Why?
-
When does a bailment occur?
-
John insured a ship against any losses while lying at Mombasa port for a sum of shillings ten million with BADC insurance company limited. He further insured the same ship with Deep sea insurance...
-
[10] Q6. If angle between two lines is "/4 and slope of one line is 1/2, find slope of other line. Q7. Find derivative of the function f(x) = 2x + 3x-5 at x = 1 also prove that f(0) + 3f (-1) = 0....
-
A software company has 3 senior developers and 4 junior developers. These developers are working as 3 different teams; 2 sets of '1Senior+1Junior' and 1 set of '1Senior+2Junior'. Productivity levels...
-
How can interdisciplinary research at the intersection of psychology, sociology, and ecology deepen our comprehension of resilience as a multi-dimensional construct ?
-
Meir, Benson, and Lau are partners and share income and loss in a 2:3:5 ratio (in percents: Meir, 20%; Benson, 30%; and Lau, 50%). The partnership's capital balances are as follows: Meir, $74,000;...
-
Distinguish an adaptor from an innovator.
-
l ask this second time correnct answer is 38,01 can we look pls Consider a non-conducting rod of length 8.8 m having a uniform charge density 4.5 nC/m. Find the electric potential at P, a...
-
Graph the first-degree inequalities in two unknowns in Problems 13-48. \(3 x \leq 2 y\)
-
In which of the following circumstances is expansionary fiscal policy more likely to lead to a short-run increase in investment? Explain. a. When the investment accelerator is large or when it is...
-
Suppose that a fall in consumer spending causes a recession. a. Illustrate the immediate change in the economy using both an aggregate-supply/ aggregate-demand diagram and a Phillips-curve diagram....
-
Suppose the Federal Reserve announced that it would pursue contractionary monetary policy to reduce the inflation rate. Would the following conditions make the ensuing recession more or less severe?...
-
An acceleration clause: A. Allows the borrower to pay the loan off early. B. Allows the borrower to reduce the principal balance at a faster rate. C. Allows the borrower to make subsequent draw-downs...
-
Aaron's chairs is in the process of preparing a production cost budget for August. Actual cost in July for 120 chairs were: Materials Cost: $4,500 Labor Cost: $2,510 Rent: $1,500 Depreciation :...
-
A small town has 4000 families. The average number of children per family is mu = 2, with a standard deviation sigma = 1.3. A sampling distribution of the mean for n = 50 is developed for this...
Study smarter with the SolutionInn App