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2.Distinguish the final goods or services, intermediate goods or services, and capital goods?
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- An automobile manufacturer uses labor, capital, and a variety of intermediate goods in the production of cars. The car requires $4,000 of steel, $6,000 seats, $10,000 of electronics, $2,000 tires, $10,000 of labor, $5,000 of capital and has a 20% sales markup to consumers. a. What is the total value of intermediate goods? b. What are the total payments to factors of production? c. What is the total value of sales? d. What is the value of GDP from the sale of this car?Work out this questions An animal herder produces 300 litres of milk each year. He sells 160 litres to his neighbours and stocks 140 litres for his own consumption. Which figure should be included in household consumption: 160 litres or 300 litres?5. Explain the difference between investment as the term is used by most people and investment as defined by an economist in two paragraphs.
- Distinguish the final goods or services, intermediate goods or services, and capital goods?4. Do you think that incomes and purchasing power are related? Are companies required to pay their employees more to compensate for higher costs of living?a. Consider an economy which produces and sells, among a host of other things, 100 million T‑shirts a year. The average T‑shirt begins life when a farmer plants seeds she put away last year, waters them, and harvests the cotton, then sells the cotton to a mill for $0.75, which sells the fabric to a T‑shirt factory for $1.50, which sells its T‑shirts to a wholesaler for $5, who sells it to Nordstrom for $10, which finally sells it to you for $17. Determine the impact of T‑shirts on annual GDP by calculating the value added of the entire production process. b. Now, calculate the amount spent on T‑shirts in a year if 100 million T‑shirts are sold, each for $17. How does this compare to the amount calculated through the value‑added method?
- 2. Which of the following is NOT a function of having an Economy? O Consumption of products. O Production of products. O Distribution of products. O Breakdown of products.15. Enchante Inc., a designer clothing company buys $400 worth of silk from a silk trader, and $30 worth of accessories from AccessoriesRUs to produce each dress. If the value-added by Enchante is equal to $300, then according to the value-added approach, the price of the designer dress should be: A) $430. B) $300. C) $730. D) $400.14. soru (5.00 puan) year Good A Good B Litres of water Kilos of apples PAXQA Pg X Qs 2018 26 X 100 36 X 400 2019 36 X 200 46 X 500 2020 4e X 300 6t X 600 Let P = the per-unit market price; Q, = the number of units produced and sold of each of the final goods produced within the nation, in a given year (ie. GDP). Let 2019 be the base year. The value of the GDP deflator (which is a price index) in each year is: OA) 2018: 1.00 (or 100); 2019: 1.37 (or 137); 2020: 2.00 (or 200) B) 2018: 2.00 (or 200); 2019: 3.00 (or 300); 2020: 4.00 (or 400) C) 2018: 0.50 (or 50); 2019: 0.68 (or 68); 2020: 1.00 (or 100) D) 2018: 0.74 (or 74); 2019: 1.00 (or 100): 2020: 1.45 (or 145) E) 2018: 3.00 (or 300); 2019: 4.00 (or 400): 2020: 5.00 (or 500)
- How to classify goods as consumption goods and capital goods? Is there any specific way to do so?Question 14 Payments to households not in exchange for goods and services currently produced are: O a consumption expenditures O b.investment expenditures Oc transfer payments. Od government purchases.oduction to Economics II İktisadi ve idari Bilimler Fakültesi İktisa (1.Ö) 2020-2021 Bahar Soru 12 Sinav gezintisi If there are only two goods, apples and bikes produced in the economy; Henüz in 2015 total production of apples was 1000 tones and price of apple is $2 per tone; total production of bikes was 100 units and price 2 4 cevaplanmadı 500 üzerinden of bikes was $500 per unit. 10 11 12 13 14 işaretlenmiş P Soruyu in 2016 total production of apples was 1500 tones and price of apple is $3 per tone; total production of bikes was 110 units and price of bikes was $600 per unit. 19 20 işaretle According to the information above, please calculate the cost of the basket in 2015. Uygulamayı bitir. Kalan süre 0:53:06 O a. 52000 O b. 50200 OC. 7500 Sonraki sayfa Önceki sayfa Aramak için buraya yazın