Match each definition with the appropriate measurement of economic output.

a. the market value of all final goods and services produced by resources owned by citizens of a particular country in a given year
b. GDP adjusted to base year prices
c. GDP divided by population
d. GDP adjusted for differences in the cost of living in different countries
e. the market value of all final goods and services produced by resources located in a particular country in a given year

WORD BANK
real GDP
GDP PPP
GNP
nominal GDP
GDP per capita

Answers

Answer 1

Answer:

a. GNP

b. real GDP

c. GDP per capita

d. GDP PPP

e. nominal GDP

Explanation:

Gross domestic product statistics come in a variety of forms designed to investigate different aspects of production and the standard of living.

Nominal GDP is the market value of all final goods and services produced in a given country in a given year. Nominal GDP uses the prices at which the goods actually sold to value them (market value), and is not concerned with intermediate goods, which are goods used as inputs in the production of some other good or service. GDP also uses everything produced within the borders of a particular country, regardless of who owns those resources. This means that Toyotas produced at a plant in Kentucky would count towards U.S. nominal GDP, but Fords produced in Mexico would not.

Gross national product, the measure most used by economists before the early 1990s, is very similar to nominal GDP. The only difference is that GNP uses output produced by resources owned by citizens of a particular country, regardless of where that production takes place. So for GNP, the Fords produced in Mexico would count towards U.S GNP, but the Toyotas produced in Kentucky would not.

The type of GDP used most often is real GDP. This is GDP with output valued at the prices from a designated base year rather than by the market prices at which products were actually sold. This removes increases in GDP which come from price increases, leaving only the increases in the actual production of goods and services.

Another popular GDP measure is GDP per capita, which is simply GDP divided by the population. GDP per capita reveals how much each person in a country would have if GDP were divided equally among the entire population. The actual distribution of income will not be even, of course, but it does give economists a good idea of the relative wealth of different countries.

International comparisons are often hampered by significant differences in prices between countries, particularly in the prices of services that are hard to trade, like taxi rides or haircuts. GDP PPP, or GDP adjusted for purchasing power parity, is an attempt to adjust statistics to allow for variations in the cost of living, to give a more realistic picture of the differences between nations.


Related Questions

Question 1
Which was NOT a reason for the start of World War II?
a. failure of appeasement
b. failure of the League of Nations
C. Germany invaded Poland
d. strong economies throughout the world

PLEASE REPLY!!!!

Answers

This is NOT a reason for the start of World War II, which erupted in 1939 and lasted till 1945: d. strong economies throughout the world.

What were the causes of World War II?

The numerous causes of World War II included:

Worldwide economic depressionFailure of appeasementRise of FascismNazi ideologyIncreased militarism and nationalism in Germany and JapanFailure of the League of Nations.

One cannot agree that strong economies throughout the world helped to fuel the Second World War.

Thus, strong economies cannot be blamed for the start of World War II.

Learn more about the Second World War at https://brainly.com/question/1307652


In what ways does 'Hundy
cause negative impact in nation's economy? Give reasons

Answers

Hundy results in less productive investments, encourage tax evasion and negatively affect governance.

What is an example of a role you receive at birth?

brother
stepbrother
stepsister
mother

Answers

Answer:

Brother

Explanation:

Because you cannot be born and instantly become a mother, and you cannot be born and become a step-sibling instantly because if you did you would be considered a half-sibling. Leaving the last answer to be a brother.

What are three factors of credit unions?

Answers

Answer:

installment credit, revolving credit, and open credit.

What was South American‘s influence on the World Cup?

Answers

Answer:

South America's influence on the world cup is that most popular countries in the world cup are in south America (Argentina,Brazil, Uruguay) Also a big portion of viewers of the world cup are from south America.

why are skilled human resources called an important infrastructure of development? write four any four reasons​

Answers

Answer:

To generate employment opportunities by solving the problems of unemployment. To mobilize other human resources for overall human development. To help in the formulation and execution of national plans and policies. To utilize the available means and resources effectively for the development of the nation.

Explanation:

Government debt in the United States can be categorized a number of different ways. For each debt definition, please indicate all of the scenarios which match that type of debt.
1. The national debt includes Treasury bonds bought by
- the government of China.
- a citizen of Germany.
- First National Bank of Dallas.
- the Social Security Administration.
- a little old lady in Peoria.

2. The public debt includes Treasury bonds bought by
- First National Bank of Dallas.
- the government of China.
- a citizen of Germany.
- a little old lady in Peoria.
- the Social Security Administration.

3. Internally held debt includes bonds owned by
- the Social Security Administration.
- First National Bank of Dallas.
- the government of China.
- a citizen of Germany.
- a little old lady in Peoria.

4. Externally held debt includes bonds owned by
- the Social Security Administration.
- First National Bank of Dallas.
- the government of China.
- a citizen of Germany.
- a little old lady in Peoria.

Answers

Answer:

1. The national debt includes Treasury bonds bought by

✓ the government of China.

✓ a citizen of Germany.

✓ First National Bank of Dallas.

✓ the Social Security Administration.

✓ a little old lady in Peoria.

2. The public debt includes Treasury bonds bought by

✓ First National Bank of Dallas.

✓ the government of China.

✓ a citizen of Germany.

✓ a little old lady in Peoria.

✗ the Social Security Administration.

3. Internally held debt includes bonds owned by

✗ the Social Security Administration.

✓ First National Bank of Dallas.

✗ the government of China.

✗ a citizen of Germany.

✓ a little old lady in Peoria.

4. Externally held debt includes bonds owned by

✗ the Social Security Administration.

✗ First National Bank of Dallas.

✓ the government of China.

✓ a citizen of Germany.

✗ a little old lady in Peoria.

Explanation:

The national debt is everything the U.S. government owes, so all of these bonds are part of the national debt.

The public debt is everything the U.S. government owes to anyone besides a U.S. government agency. So, the bonds bought by the Social Security Administration are not part of the public debt, but everything else is. The public debt can be divided into the part owed to U.S. citizens and firms and the part owed to anyone outside the United States.

The internally held debt includes bonds bought by U.S. firms (the First National Bank of Dallas) and citizens (the little old lady in Peoria). The bonds bought by the Social Security Administration are not part of the internally held debt because they are not part of the public debt.

The externally held debt is the part owned by foreigners, whether firms, individuals (the citizen of Germany), or governments (the government of China).

How do you understand the formation of the personal identity?
- The Mind Criterion
-The Body Criterion
-The Memory/Character continuum

Answers

Answer:

dentity formation has to do with the complex manner in which human beings establish a unique view of self and is characterized by continuity and inner unity. It is therefore highly related to terms such as the self, self-concept, values, and personality development.

Explanation:

dentity formation has to do with the complex manner in which human beings establish a unique view of self and is characterized by continuity and inner unity. It is therefore highly related to terms such as the self, self-concept, values, and personality development.

5. How long is a term in the Senate?
6. What does the Senate do?

Answers

Answer:

A term in the senate term is 6 years. The senate Senators, along with members of the House of Representatives, propose, and vote on federal legislation  Senators provide advice and consent on executive nominations and treaties and conduct oversight of all branches of the federal government. (some of that is from wikipedia but i did put it in my own words)

Who is credited with bringing the first cattle to America during the 1500s?

Answers

Answer:

if this helps

Explanation:

The first cattle in the Americas were brought to the Caribbean island of Hispaniola, from the Canary Islands, by Christopher Columbus on his second voyage across the Atlantic in 1493, and Spanish colonists continued to import cattle until ∼1512 (13).

In Spectacula, sanitation engineers are being replaced with garbage robots, which have fewer negative effects and many more significant benefits. However, the labor cost efficiency of garbage robots has driven down the price of collecting garbage so significantly that sanitation engineers can no longer compete. After six months, everybody has switched to the cheaper and better garbage robots.

Assume that Spectacula consumes the same quantity of collecting garbage now as they did six months ago. Please select the choice that best describes the short‑run effects of this industrial change on Spectacula's GDP and its standard of living.
a. GDP and standard of living both increase.
b. There is not enough information to answer the question.
c. GDP decreases and standard of living increases.
d. GDP increases and standard of living decreases.
e. GDP and standard of living both decrease.

Answers

Answer:

c. GDP decreases and standard of living increases.

Explanation:

GDP is a measure of how much an economy produces. As we see here, this is a very rough measure of societal well‑being. To calculate GDP, we essentially take the price of everything sold in the economy and multiply it by the quantity sold. Then, we add everything up into a single GDP figure.

In this example, sanitation engineers are being replaced by garbage robots, a lower‑cost and improved version of the same thing. Since GDP is reliant on price and garbage robots are less expensive, GDP will necessarily decrease.

The citizens of Spectacula, however, can now enjoy the improvements of the better product. Furthermore, the lower cost of the product means they can spend the savings on other things they enjoy, like yoga balls or hunting rifles. This change represents an increase in standard of living.

This example should serve as a good reminder that GDP only approximates the standard of living, the thing economists really care about, and an approximation is only useful if its limitations are understood.

There seems to be a paradox between goods and money. Consider
the following four scenarios.
Scenario #1) The food and clothing you have suddenly doubled?
Scenario #2) The food and clothing EVERYONE has suddenly doubled?
Scenario #3) The money you have doubles suddenly?
Scenario #4) The money EVERYONE has suddenly doubled (assume there is no
change in national output)?
For each of the following scenarios, briefly identify if you would be better off or
not. Next, explain the difference in your answers to scenarios #2 and #4. Why are
you better off in one and not the other?

Answers

The responses to the paradox scenarios given above are:

Scenario #1: I'd be better off.Scenario #2: I'd still be better offScenario #3: I'd be better offScenario #4: I will NOT  be better off.

What is the explanation for why one is better off in 2 than in 4?

Scenario 4 represents a general increase in money available to everyone.

Now this seems like a good thing but if there is no corresponding increase in National Output, the only thing that can result from such a scenario is:

Inflation; andLoss in the value of money.

This is because everyone suddenly can buy more, but the products and services produced remained the same. Hence there will be serious inflation.

At the end of the day, everyone is back to square one. In scenario 2 however, the increase in spending power is in relation to others.

While the spending power of others remained the same, mine increased hence the advantage.

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your friend tells you she is having a very hard time getting her 3--year-old toddler to pick up his toys after he's done playing with them. how would you encourage and reinforce the child's behavior in such a way that he starts picking up his toys after he's finished playing with them? Briefly explain using one learning theory. Write 500 words

Answers

Answer:

You could tell her to turn the clean-up into a game. By turning it into a game, the child will relate cleaning to fun, which will make them more likely to do it. This works because kids enjoy fun things. To really enforce it, you could help them clean the first few times, and look as if you are enjoying it. When the child sees the fun you are having, they are likely to also have fun. Children also respond well to positive reinforcement, so if you praise them when they clean-up, they are more likely to do it more often. Another way you could encourage them is through reverse-phycology. If you make it seem fun, but then tell them they aren't needed in the process of the clean-up, the child is very likely to want to do it. Children, especially at that age, are very rebellious. (This is 147 words, if you use this as a base, you can totally make it 500 words)

how technology and social media platforms influenced self-disclosure in your relationships

Answers

Individuals can self-disclose on social media by posting personal content in posts or by revealing information on their personal profiles. While posting is a common activity, updating one's profile is not.

factors that may lead to an increased number of learners abusing substance in schools

Answers

Answer:

drugs

Explanation:

in most cases learners have been using drugs which leads the to drop out of schools

Explanation:

here are some of the factors which

may lead to an increased number of learners abusing substance in schools:

1. negative peer pressure

2. curiosity

3. poor self esteem

What good is often produced in and imported from Brazil?

- rice
- coffee
- chocolate
- oranges​

Answers

Answer:

Coffee.

Explanation:

Brazil is the largest producer of coffee.

"What does 'religion' mean in sociology?" from a sociological perspective

Answers

Religion from a Sociological Perspective. Religion refers to the set of ideas, attitudes, and practices that are associated with holy or spiritual matters. Religion, according to social theorist Émile Durkheim, is a "unified system of ideas and acts relevant to sacred things" (1915).

Religion serves a variety of purposes in society. These include (a) providing life meaning and purpose, (b) supporting social unity and stability, (c) acting as a social control agency, (d) fostering physical and psychological well-being, and (e) inspiring individuals to fight for good social change.

Religion is another example of a cultural universal, as it exists in some form or another in all communities. Sociologists can use functionalism, conflict theory, and interactionism to better comprehend religion.

The Mayan people practiced a blank type of government
a. democracy
b. city-state
type of government.
c. theocracy
d. bureaucracy

Answers

c. Theocracy

Explanation:

The Mayans developed a hierarchical government ruled by kings and priests.

Theocracy is defined as a system of government in which priests rule in the name of God or a god.

Which of the following would not be a fossil?

A dinosaur footprint

An ancient bird nest mold

a fly stuck in tar a year ago

A mammoth stuck in ice

Answers

Answer:

fly stuck in tar would be the correct answer because fossils take long periods of time to form and the fly was only in the tar for a year

The fly because it’s new

ECONOMICS

In which situation does the national debt decrease?

A. The federal government has a balanced budget.

B. The federal government has a decrease in the federal deficit from the previous fiscal year but still has a deficit

C. The federal government hwd a surplus in the budget

D. The federal government has an increase in the federal deficit from the previous fiscal year

Answers

Answer:

To reduce the debt, the country could raise taxes and/or cut spending. These are two of the tools of contractionary fiscal policy, and either tactic could slow economic growth.

Explanation:

When the federal government has a decrease in the national debt from the previous fiscal year, it implies a situation where the national debt decreases.

How does the government reduce the national debt?

There are several strategies used, one of the most common being the issuance of debt in the form of bonds so that the government can raise funds, and may adopt a policy of repurchasing the bonds if necessary, such as the "Quantitative Easing" policy in the US.

Therefore, in order to reduce the national debt, the government must stimulate the economy and identify strategies for raising money.

Find out more about national debt here:

https://brainly.com/question/1047372

#SPJ2

Advantages of living in big cities ​

Answers

Answer:

You will probably live closer to your job and closer to other places that will be more convienent than living in a rural area.

Explanation:

If you were the sixth member of this team, what kinds of communication might you enact to help relieve the tension of the group

Answers

One of the best ways to relieve the tension of a group in conflict is through dialogue and compromise.

What is Communication?

This refers to the interaction between two or more people where message is sent, understood and feedback is received.

Hence, it is worthy to note that conflict resolution is important to avoid full-scale conflict and this can be done through dialogue and compromise.

Please note that your question is incomplete so I gave you a general overview to get a better understanding of the concept.

Read more about conflict resolution here:
https://brainly.com/question/24769299

3. In your opinion, have we finally reached a point where all people are truly being given equal rights? Who
might still be missing out, and what more needs to be done in order to ensure that everyone receives equal
access to all of their rights? Explain

Answers

Analyzing the social, political and economic context of societies, it is clear that there is still a disparity between social equity around the world.

What is social equity?

It corresponds to social justice, that is, the application of the same rights and duties to any citizen, regardless of individual characteristics or belonging to a group.

Therefore, to implement social equity in the world, it is essential to strengthen public policies and government incentives that promote rights to education, security, work and other opportunities for all citizens.

Find out more about social equity here:

https://brainly.com/question/401435

According to the tenth amendment, the powers of blank are limited to only those specifically listed in the constitution.

Answers

Answer:

federal government/United States government

Explanation:

The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.

If the government is required to balance the budget and the economy falls into a recession, which of the actions is a feasible policy response?
- cut spending equal to the reduction in tax revenue
- cut taxes to encourage consumer spending
- invest in infrastructure
- increase government spending to stimulate the economy

What is a likely consequence of this policy?
- Consumer spending increases due to their ability to keep more of their after-tax income.
- There is hyperinflation due to an increase in aggregate demand.
- The negative consequences of the recession are magnified.
- Unemployment falls due to the economic stimulus.

Answers

Answer:

a. cut spending equal to the reduction in tax revenue

c. The negative consequences of the recession are magnified.

Explanation:

During a recession, incomes typically fall. The majority of federal tax revenue is generated through personal income taxes. Therefore, if incomes fall, tax revenues also fall.

If the government must balance its budget, it is forced to take actions to offset the decreased tax revenue. Increasing taxes or decreasing government spending are the two ways that a government could accomplish this. This has the potential to worsen a recession though as contractionary fiscal policy like this puts downward pressure on GDP.

ANSWER ALL PLS I GIVE BRAINLIEST
In the blank at the left, write the letter of the choice that best completes the statement or answers
the question.
7 Points
___ 1. To avoid the concentration of power, the states divided government functions between the
_?_.
A. people and the governor
B. people and legislature
C. governor and the president
D. governor and the legislature
Continue on next page.
___ 2. Under most state constitutions, which government branch was most powerful?
A. the judicial branch
B. the legislative branch
C. the executive branch
D. none
___ 3. Which of these functions could the national government not perform under the Articles of
Confederation?
A. conduct foreign affairs
B. impose taxes
C. maintain armed forces
D. issue currency
___ 4. How many states had to approve the Articles of Confederation?
A. 13
B. 9
C. 11
D. 10
___ 5. What area did the ordinance passed in 1787 create?
A. Mississippi River valley
B. Appalachia
C. Northwest Territory
D. Ohio River valley
___ 6. When could a territory apply for statehood?
A. when it abolished slavery
B. when it elected a governor
C. when it wrote a constitution
D. when its population reached 60,000
___ 7. How did Robert Morris propose to pay off the national debt left over from fighting the
Revolutionary War?
A. 5 percent state sales tax
B. 5 percent import tax
C. 5 percent national income tax
D. 10 percent inflation tax

Answers

Answer:

Explanation:

1. D

2. B

3.B

4.A

5. C

6. D

7. B


_D__ 1. To avoid the concentration of power, the states divided government functions between the
A. people and the governor
B. people and legislature
C. governor and the president
D. governor and the legislature
Continue on next page.
_B__ 2. Under most state constitutions, which government branch was most powerful?
A. the judicial branch
B. the legislative branch
C. the executive branch
D. none
__B_ 3. Which of these functions could the national government not perform under the Articles of
Confederation?
A. conduct foreign affairs
B. impose taxes
C. maintain armed forces
D. issue currency
__A_ 4. How many states had to approve the Articles of Confederation?
A. 13
B. 9
C. 11
D. 10
__C_ 5. What area did the ordinance passed in 1787 create?
A. Mississippi River valley
B. Appalachia
C. Northwest Territory
D. Ohio River valley
_D__ 6. When could a territory apply for statehood?
A. when it abolished slavery
B. when it elected a governor
C. when it wrote a constitution
D. when its population reached 60,000
_B__ 7. How did Robert Morris propose to pay off the national debt left over from fighting the
Revolutionary War?
A. 5 percent state sales tax
B. 5 percent import tax
C. 5 percent national income tax
D. 10 percent inflation tax


I believe those are the correct answers

Brainliest To Whoever gets it right!!!!

Which parts of your body are
important when you want to send a positive message?
O Eyes
O Hands
O Earth
O All of the above

Answers

I think it’s Eyes…………….z

Which of the statements clearly demonstrates that total factor productivity is increasing? Assume the aggregate production function is upward sloping and exhibits diminishing returns.

Real GDP per worker grows at the same rate as human capital per worker.

Physical capital per capita, human capital per capita, and real GDP per capita remain constant.

The size of the labor force falls due to emigration which leads to a decrease in real GDP and human capital per worker. Real GDP per worker remains unchanged and physical capital per worker increases.

Physical capital per worker and human capital per worker decrease, but real GDP per worker remains unchanged.

Answers

Answer:

Physical capital per worker and human capital per worker decrease, but real GDP per worker remains unchanged.

Explanation:

Total factor productivity, or technological progress, is attributed to changes in output per worker after accounting for changes in physical and human capital per worker. Total factor productivity rises if human capital and physical capital remain unchanged but GDP per worker rises. Similarly, if physical and human capital per worker fall but real GDP per worker remains constant, total factor productivity must have increased. Otherwise, a reduction in both would have led to a reduction in real GDP per worker.

If all factors of production remain constant and GDP does not change, total factor productivity must be unchanging as well.

If real GDP per worker rises at the same rate as human capital per worker, total factor productivity must be unchanging.

The scenario with emigration has countervailing forces since physical capital per worker increases while human capital per worker has fallen so that it is impossible to tell whether the stability of real GDP per worker is due to increases in total factor productivity.

The transition to high school is a challenge for students in part because of exposure to: less freedom to select academic subjects a more impersonal social climate a less compartmentalized curriculum less academic tracking

Answers

Going from high school to college is a challenge to students because there is less academic tracking.

Why is the transition a challenge?

In college, there is more emphasis on a person taking responsibility for their academic study.

This means that the academic progress of a person will not be tracked as much by educators such that the student's attention will be called to areas they are failing. The student will have to figure things out for themselves.

Find out more on the transition from high school to college at https://brainly.com/question/22454484.

In this unit, you learned about ancient civilizations that existed in India and China thousands of years ago. Think about these ancient civilizations. What did they have in common? What were some differences? Overall, do you think that these civilizations were more alike than they were different? Why?

Answers

Answer:

Both of these places had something in common, the largest one probably being the trades that were shared in between the two. They were both also probably ruled by Ghengis Khan. There was also differences, probably the culture was different, landscape, materials that they ha and used.

Hope this helps!

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