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Linda_us
Linda_us, Finance, Accounts & Homework Tutor
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This question tests your knowledge of what activities are included

Resolved Question:

This question tests your knowledge of what activities are included in calculating GDP. Decide for each item whether it is part of GDP and, if so, to which expenditure category it belongs

5.4. Purchase of electricity by a shoe store is:

A. Counted as part of investment

B. Counted as part of consumption



C. Counted as part of government

D. Not counted in GDP

E. Counted as part of net exports


This question tests your knowledge of what activities are included in calculating GDP. Decide for each item whether it is part of GDP and, if so, to which expenditure category it belongs


5.5. The value of wheat grown in the United States that is sold and shipped to Cairo to be used by an EgyptXXXXX XXXXXy is


A. Counted as part of consumption

B. Counted as part of investment

C. Counted as part of government

D. Not counted in GDP

E. Counted as part of net exports



6. If gross investment is $50 billion and depreciation is $20 billion, the economy's capital stock rises by:



A. $20 billion


B. $70 billion


C. $50 billion


D. $30 billion


7. Which of the following is the best measure of a country's standard of living?


A. GNP

B. Value added

C. GDP

D. Output per capita
Submitted: 5 years ago.
Category: Homework
Expert:  Linda_us replied 5 years ago.
5 D. Not counted in GDP

6 E. Counted as part of net exports

7 D. Output per capita


Regards

Linda
Customer: replied 5 years ago.
answers for 5.4 is not listed nor is 5.5
Expert:  Linda_us replied 5 years ago.
THIS ANSWER IS LOCKED!

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