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September 20, 2014

Search: Macroeconomics - GDP

Number of results: 573

Macroeconomics
Where are we in the business cycle? What is the real GDP today? What is the largest component of GDP? What is the smallest component of GDP? What is the fastest growing component of GDP and why? What components of GDP were involved in the change from last month to this month...
December 1, 2013 by Thomas

macroeconomics
Year - 2000 Nominal GDP: 9,817 Real GDP: ___________ GDP Deflator: 1 Inflation 2.2 Real GDP Per capita: _________ Population 283.7 Year – 2001 Nominal GDP: ________ Real GDP: 9,891 GDP Deflator: _________ Inflation 2.4 Real GDP Per capita: _________ Population 286.6 Year 2003 ...
September 23, 2008 by Ella

macroeconomics
27. The following data show nominal GDP and the appropriate price index for several years. Compute real GDP for each year and indicate whether you have “inflated” or “deflated” nominal GDP in finding real GDP. All GDP are in billions. Nominal Price level Inflated (I) Year GDP...
October 11, 2011 by marc

Macroeconomics
If GDP increases by 5 percent in the same that the deficit is run, What happens to gross debt as a percentage of GDP? What happens to the level of debt held by the public as a percentage of GDP? deficit was $300 billion
July 10, 2011 by Autumn

Macroeconomics
How do you calculate the nominal GDP and the real GDP of something? I know the formula for GDP is y=c+I+G+NX but in a problem like an economy produced this many of good#1 and this many of good#2 last year. The price of each good #1 was $8 last year, and each good#2 cost $7 ...
March 16, 2011 by y912f

macroeconomics
23. The next four questions refer to the following price and output data over a five-year period for an economy that produces only one good. Assume that year 2 is the base year. Units of Price Year output per unit 1 16 $2 2 20 3 3 30 4 4 36 5 5 40 6 (a) If year 2 is the base ...
October 11, 2011 by marc

Macroeconomics
The money supply in Freedonia is $200 billion. Nominal GDP is $800 billion and real GDP is $400 billion. Assuming that velocity is stable, if real GDP grows by 10 percent this year, and if the money supply does not change this year, what is the change of price level?
April 9, 2013 by Jess

macroeconomics
should we care more about nominal GDP or real GDP?? Thank you for using the Jiskha Homework Help Forum. Here is a link that discusses that very question: http://economics.about.com/cs/macrohelp/a/nominal_vs_real.htm A GDP based on the prices that prevailed when the output was ...
March 13, 2007 by jenna

Macroeconomics
Wondering if I am doing this correctly?? If net taxes are increased by 3 billion dollars by how much would we expect real GDP to change? My answer is: d) If the government increases taxes by 3 billion dollars we would use the tax multiplier to determine what the change in GDP ...
November 4, 2012 by Isis

Macroeconomics
The following calculations help you see how the ratio of debt to GDP changes from one year to the next. Suppose that in a hypothetical country with a currency called the ducat, debt is equal to 140 trillion ducats and GDP is equal to 100 trillion ducats. This means that the ...
April 14, 2008 by Jenny

Macroeconomics: GDP
John (who lives in "Statsyan"--nation) buys a new mini Cooper, which is assembled in England. What part of the GDP component(s) does this transaction belong to? I'm thinking it belongs to both the imports and consumption categories, but I'm not sure if it is possible to list ...
January 29, 2009 by Anonymous

Macroeconomics
suppose that this year's money supply is $500b, nominal gdp is $10trillion, and real gdp is $5trillion, what is the price level and velocity of money? and if velocity is constant and the economy's output rises by 5% per year, what will happen to nominal gdp and the price level...
April 11, 2010 by Liyyah

Macroeconomics
Goods and services that are not sold in markets, such as food produced and consumed at home and some household articles, are generally not included in GDP. How might the absence of these values mislead one when comparing the economic well-being of the United States and India? ...
December 1, 2012 by Kensi

Macroeconomics
Ok so this probably seems easy but I am not sure how to work these. We are given a table with data Price Paper Price 2010 2 100 2.5 2011 3 125 3 2012 4 150 3.5 we are usig 2011 as base year a) what is nomial GDP? b) Real GDP? c) GDP Price Index d) CPI Is nomial just ...
September 12, 2012 by Isis

macroeconomics
suppose that congress enacts a significant tax cut with the expectation thatthis action will stimulate sggregated demand and puch the real gdp in the short run. in gact, however, neither real gdp now the price level changes significantly as a result of the tax cut. what might ...
September 15, 2010 by aimee

Macroeconomics
Calculating the Rate of Growth of Per Capita Real GDP The annual rate of growth of real GDP in a developing nation is 0.3 percent. Initially, the countries' population was stable from year to year. Recently, however, a significant increase in the nation's birth rate has raised...
May 12, 2008 by animal

Macroeconomics
Can someone check this for me? 1. Where in the US National Income and Product Accounts and the circular flow of expenditure and income do new home sales appear? ANSWER: I said they appear with money going from the households to the goods and services market. 2. How does a fall...
September 11, 2008 by Dave

Macroeconomics* Please check my answers*
If real GDP per capita grows at a rate of 5% per year consistently over time, how many years would it take for it to double in size? 5 10 My answer 14 70 The purpose of indexing Social Security payments to the CPI is to ______. increase corporate profits justify continued ...
November 18, 2009 by Ms. Douglas

Macroeconomics,
If nominal GDP is $300 billion and the money supply is $20 billion, What must be the velocity? (b)If the money supply decreases and the velocity does not change, what will happen to nominal GDP?
June 21, 2010 by mercedes

Macroeconomics,
If nominal GDP is $300 billion and the money supply is $20 billion, What must be the velocity? (b)If the money supply decreases and the velocity does not change, what will happen to nominal GDP?
June 21, 2010 by mercedes

Macroeconomics - real GDP growth
I have graphed the real GDP growth over the years 1990-2004. I need help analyzing it! What happened when it was going down? What happened when it shot back up again? HELP! Thanks... The GDP growth rate went down considerably during the period 2000-2002, becoming slightly ...
September 6, 2006 by Samantha

macroeconomics
gov. increases expenditures by $100 billon and marginal propensity to consume is 0.50 by how much will equilibrium gdp charge
April 22, 2012 by dixie

Macroeconomics
Discuss the convergence hypothesis and do you believe that in the long run there will be a narrowing of the differences in real GDP per capita in all countries.
July 6, 2008 by Sara

college Macroeconomics
consider a country with an economic structure consistent with the assumptions of the classical model. Suppose that businesses in this nation suddenly anticipate higher future proftability from investments they undertake today. explain whether or how this could affect the ...
September 11, 2010 by aimee

Macroeconomics
if investment increases by $100 and, as a result, GDP ultimately increases by $200, the multiplier equals?
May 24, 2011 by Leonard

math
Average Growth Rate(2000-2009)of China - GDP: 10.9 Population: 0.8 Per Capita GDP: 10.1 Ethiopia - GDP: 7.5 Population: 2.8 Per Capita GDP: 4.7 How fast does total output(GDP)have to grow in order to raise per capita GDP in Instructions: Enter your responses to one decimal ...
October 3, 2012 by Robert

macroeconomics
Show that the expenditure approach and the income approach add up to the same figure: consumption $5000 investment $1000 depreciation $600 Profits $900 Exports $500 Compensation of Employees $5,300 Government purchases $1000 Direct Taxes $800 Saving $1100 Imports $700 How do ...
April 4, 2008 by Tonya

economics
what is the equation for finding the GDP for a year? Is it GDP=N/R or GDP=N/R *100?
April 15, 2008 by Brandy

ECON
If C = 500 + 3/4[GDP- 100], I = 300, G = 400, Xn =- 10 and full employment GDP is 210 less than current GDP, the proper action would be to increase taxes by?
August 13, 2009 by Sam

Macroeconomics - GDP
Please check my answers to see if they are correct, if not, can you please fix them! Thank you. American citizens buy something made from an American company in Japan who uses all Japanese labour and machines. Would the following increase, decrease or unaffected? Explain. a) ...
February 5, 2009 by Anonymous

macroeconomics
is this a recessionary or inflationary gap. aggregate supply curve is horizontal, change in real GDP arising from a shift of the aggregate demand curve = the size of the shift of the curve. Calculate both the change in government purchases of goods and services and the change ...
March 22, 2010 by Jacqui

macroeconomics
b. Now suppose that the gross national debt initially is equal to $2.5 trillion and the federal government then runs a deficit of $100 billion: i. What is the new level of gross national debt? ii. If 100 percent of the deficit is financed by the sale of securities to the ...
July 28, 2013 by brian

Economics
1) If C = 1000 + 7/8[GDP-1000], I = 700 and G = 1000 and the economy is currently in equilibrium at 400 below full employment GDP, the correct fiscal policy would be to increase G by? 2) If C = 500 + 3/4[GDP- 100], I = 300, G = 400, Xn =- 10 and full employment GDP is 210 less...
April 3, 2009 by Shanna

economic
1. If C = 1000 + 7/8[GDP-1000], I = 700 and G = 1000 and the economy is currently in equilibrium at 400 below full employment GDP, the correct fiscal policy would be to increase G by? (Points: 2) 2. If C = 500 + 3/4[GDP- 100], I = 300, G = 400, Xn =- 10 and full employment GDP...
November 30, 2008 by Marieanne

Economics
The task of my assignment was to calculate the Nominal GDP, given the GDP deflator and the Real GDP. This is what I got. GDP Deflator Real GDP Nominal GDP 0.9 600 540 1.0 600 600 1.1 600 660 The second part of the question asks what is happening in terms of real growth in the ...
February 7, 2007 by Freddy

macroeconomics
In each of the following cases, either a recessionary gap or inflationary gap exists. Assume that the aggregated supply curve is horizontal so that the change in real GDP arising from a shift of the aggregated demand curve equals the size of the shift of the curve. calculate ...
March 22, 2010 by Jacqui

Macro
The great depression was the worst ecomonic disaster in US history in terms of declines in real GDP and increases in the unemployment rate. Use the data in the following table to calculate the percentage decline in real GDP between 1929 and 1933 Year Nominal GDP GDP price ...
March 18, 2009 by steve

Macroeconomics
If the marginal propensity to consume is 2/3, and there is no investment accelerator or crowding out, what would happen to AD or AS, the price level (P) and the real GDP (Y) if government expenditures increases by $20 billion? Also show what happens graphically.
May 29, 2008 by Sarah

economics
What are the following variables used for in economics: Nominal GDP, Real GDP, GDP Deflator and CPI?
February 21, 2013 by muselitata

Macroeconomics
Graph the following aggregate supply and demand curves (be sure to draw to scale). Real GDP (in $ trillions) Price Level Supplied Demanded Increase / Decrease 100 4 16 110 10 15 140 14 12 200 15 6
April 15, 2013 by Richard

MacroEconomics
1. The money supply is $1 trillion,the price level =2,and real GDP is $5 trillion in base year dollars. What is the income velocity of money ?
July 15, 2013 by Steve

Economics
Discuss the relationship between the level of Gross Domestic Product (GDP) and economic well-being. What factors of well-being are missing from the GDP? Is there a point where the GDP could increase to such a high level that economic well-being could be compromised? If so, ...
March 25, 2008 by Marinda

Macroeconomics
Which of the following aren't included in the measurement of GDP? Exports Personal income Consumption spending Government spending on goods and services Transfer payments Net interest Imports Investment spending
June 30, 2009 by Martin

Macroeconomics
Consider the following data: The money supply in $1 trillion, the price level equals 2, and real GDP is $5 trillion in base-year dollars. What is the income velocity of money?
December 2, 2012 by Karla

Econ
Do people living in countries with higher real GDP necessarily have better living standards compared to countries with relatively lower GDP? Give practical example. 2. What measures would better compare the well-being (living standard) for residents of different countries? How...
May 17, 2012 by Andrea

macroeconomics
The initial Phillips curve relationship implied that the opportunity cost of __________ __________ was higher __________. If high unemployment lasts a long time, it could cause potential real GDP to fall. (true or false)
December 13, 2009 by Amber

business
if the economy in the US is currently at the trough of a business cycle then whats the relationship between real GDP and potential GDP? Is it likely that the real GDP will stay in this relative position got a long period of time? (like 15 yrs)
September 9, 2008 by sam

Economics
If a government raises its expenditures by $50 billion and at the same time levies a lump-sum tax of $50 billion, the net effect on the economy will be to: a. increase GDP by less than $50 billion b. increase GDP by more than $50 billion c. increase GDP by $50 billion d. make ...
November 5, 2006 by Amy

Macroeconomics
Suppose that velocity is constant. The economy's output of goods and services rises by 5% each year. What will happen to nominal GDP and the price level next year if the Fed keeps the money supply constant? (Hint--put the variables into the formula) Help!
November 16, 2009 by a-tan

Economics
Can someone please explain what factors affect a country GDP? Also, if Thailand has a GDP of 4.5% and Australia has a GDP of 2.8%, please explain which country has a better economy. Thanks for your help
September 8, 2007 by Nat

Economic
All of the following refer to the Economy of Ecoland: - GDP in 1990 is $1000 - Annual inflation is 5% per year from 1991 - 1995. From 1996 - 1999, inflation is 10% per year - Real GDP grows at 2% every year a) Calculate real GDP from 1990 to 1999 b) Calculate nominal GDP in ...
February 7, 2007 by Freddy

Economics
The answer i got is : GDP grew 10% GDP for 2006 using 2005 as the base year increase by 20% real GDP grow? 10% If i'm right, let me know, if not, please show Calculation Thank You Use the following data to answer questions 1-3 (be sure to provide all calculations). Quantity ...
December 1, 2008 by John Price

Macroeconomics
GDP of a country is 6000 billion. Investment is 2100 billion. Government purchase is 300 billion. The country has a trade surplus of 200 billion. How much is consumption? Was there net capital inflow or outflow? Can someone help start me off for this?
April 10, 2013 by Jess

economics
Prepare a two- to three-page analysis by answering the questions below. Be sure to cite your references using APA format. What is nominal GDP? What is real GDP? What is included in each? Why are these measures important? What do they tell us? What was GDP for the last two ...
October 14, 2012 by dre

Macroeconomics
Suppose GDP is $800 billion, taxes are $150 billion, private saving is $50 billion and public saving is $20 billion. Assuming this economy is closed, calculate consumption, government purchases, national saving and investment.
February 14, 2013 by Jess

macroeconomics 205
Last month, you sold an old car to your neighbor for 5000 dollars. The neighbor repainted the car at a paint shop for 500 dollars, of which only 400 was paid in cash and the rest in credit. By how much (if any) GDP in 2006 is affected?
October 12, 2008 by Alex

Economics
Help The answer i got is : GDP grew 10% GDP for 2006 using 2005 as the base year increase by 20% real GDP grow? 10% If i'm right, let me know, if not, please show Calculation Thank You Use the following data to answer questions 1-3 (be sure to provide all calculations). ...
December 1, 2008 by Randy Johnson

Economics
How do you find planned investment from the GDP, and determining the equilibrium GDP of an economy?
October 23, 2007 by John

social studies
what is canada's gdp and what is japan's gdp ? please answer this question. thank you:) ^-^ :) :) ^-^
May 3, 2010 by binah

Economics
GDP=375 Government spending increases by 50 Taxes increase by 50 MPC=.9 What is the new equilibrium GDP?
July 9, 2013 by Shan

marcoenomics
Assume Country X has much larger real GDP than county Y. Despite its low real GDP figure, is it possible for the standard of living, as measured by GDP per capita, in Country Y to be better than the standard of living in Country X? Please explain.
January 27, 2013 by Adams

ECON!
I was given what the GDP is, then found consumption, savings, MPC, MPS and the planned investment but not sure how to go find the equilibrium GDP!
October 23, 2007 by John

Economics
What percentage of Americans GDP per capita is available to the average citizen of Mexico? Americas GDP $35060.00 Mexico GDP $8540.00 To find this answer, divide 8540 by 35060. Move the decimal point in your answer two places to the right to get the percentage.
September 20, 2006 by LIsa

Economics
What is the % of GDP is the national debt? My Answer: The percentage of GDP is national debt is approx. 77%. Is this correct? Please post the figures you're using for GDP and national debt. I went and used the latest figure of Real GDP which was the third quarter of 2006 being...
May 7, 2007 by Sarah

Macroeconomics
In an economy, in a given year the production of capital goods increases by Rs.100, of which Rs.80 worth of goods can be sold in the mkt. In the same year there takes place a simultaneous decline in the import of Rs.30 worth of capital goods. Everything else remains unchanged...
July 2, 2008 by Swagata

GDP geogrsphy
What are some of the factors that can cause a country’s Gross Domestic Product (GDP) per person to change? kathi anderson forever never lasts
September 7, 2013 by rockrboiluvr14

Geography
What can we infer about a country based on its GDP? Why is the HDI a better way to compare countries than other indicators above e.g gdp, primary school enrollement etc;
September 16, 2014 by Sally

Macroeconomics
Why do we consider a business-cycle expansion different from long-run economic growth? Why do we care about the size of the long-run growth rate of real GDP versus the size of the growth rate of the population?
July 2, 2008 by Sara

macroeconomics
Why do we consider a business-cycle expansion different from long-run economic growth? Why do we care about the size of the long-run growth rate of real GDP versus the size of the growth rate of the population?
April 26, 2008 by smeffy

macroeconomics
an increase in GDP necessarily translated into improvements into the welfare of citizens? true or false. i think its true but im not sure I can think of examples when it would not be true. Consider a kingdom which increases total output because the king tortures, cajoles, or ...
March 13, 2007 by jenna

Economics
GDP=400 Investment decreases by 5 Government spending increases by 25 Consumption increases by 5 MPS=.2 What is the new equilibrium GDP?
July 8, 2013 by Anonymous

Economics
GDP=500 Government spending decreases by 20 Taxes increase by 20 Investment decreases by 20 MPC=.8 What is the new equilibrium GDP?
July 9, 2013 by Shan

Economics
GDP=500 Government spending decreases by 20 Taxes increase by 20 Investment decreases by 20 MPC=.8 What is the new equilibrium GDP?
July 9, 2013 by Shan

Economics
GDP=330 Government spending increases by 30 Investment increases by 10 Net Exports decreases by 15 MPC=.2 What is the new equilibrium GDP?
July 8, 2013 by Anonymous

Economics
GDP=520 Government spending decreases by 15 Taxes decrease by 20 Investment increases by 30 Net Exports decrease by 30 MPC=.75 What is the new equilibrium GDP?
July 9, 2013 by Shan

Macroeconomics
An economy is facing the recessionary gap shown in the accompanying diagram. To eliminate the gap, should the central bank use expansionary or contractionary monetary policy? How will the interest rate, investment spending, consumer spending, real GDP, and the aggregate price ...
March 4, 2010 by Yzenetra Adams

macroeconomics
If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent, and cyclical unemployment of 2 percent, what is the natural rate of unemployment? Where is the economy operating relative to ...
March 27, 2012 by Anonymous

Economics
3. Starting from short-run equilibrium, the following occurs: Labor productivity rises, and individuals expect higher (future) incomes. What will be the effects on the price level, Real GDP, and the unemployment rate in the short run? a.Real GDP will fall, the unemployment ...
April 26, 2007 by Sarah

Economics
3. Starting from short-run equilibrium, the following occurs: Labor productivity rises, and individuals expect higher (future) incomes. What will be the effects on the price level, Real GDP, and the unemployment rate in the short run? a.Real GDP will fall, the unemployment ...
April 26, 2007 by Sarah

Economics
21. How do fears of future economic problems affect GDP? A. Businesses will invest more money in the short term to ensure higher profits in the future; GDP will be pushed up. B. Consumers will spend more money in the short term to prevent future economic problems; GDP will be ...
May 31, 2011 by Codey

ECONOMICS
this is a table with some questions and i don't know how to solve it -------------table-------------------- (1)real domestic output (GDP=DI) in billions $200 $250 $300 $350 $400 $450 $500 $550 (2)aggregate expenditures private closed economy billions $240 $280 $320 $360 $400 $...
November 3, 2006 by britney

Macroeconomics
Which of these are not accurately accounted for by either the income or expenditure methods of calculating GDP for the United States? a. The Brazilian wood that is used for flooring an American house. b. The value of leisure time. c. The loss of enjoyment people incur when ...
August 26, 2011 by anonymous

Economics
This chart shows the components of nominal GDP for the years 2000 and 2001. All figures are in billions of current dollars. -------------------------------------------------------------------------------- Components 2000 2001...
February 7, 2010 by Kate

Macroeconomics
How would i approach this question? I don't necessarily want an answer. A "how to" would be better. (Simple Spending Multiplier) For each of the following values for the MPC, determine the size of the simple spending multiplier and the total change in real GDP demanded ...
November 14, 2010 by Lauren

Phi
Economics continue to measure our countrys economic well being based solely on its GDP however, GDP measures only products and services bought and sold with no regard with whether these money-generating transactions are positive or negativer. For example, when natural ...
September 19, 2010 by Mamabrenda

economics plz help
this is a table with some questions and i don't know how to solve it -------------table-------------------- (1)real domestic output (GDP=DI) in billions $200 $250 $300 $350 $400 $450 $500 $550 (2)aggregate expenditures private closed economy billions $240 $280 $320 $360 $400 $...
November 3, 2006 by britney

Economics
Why is it that the people responsible for pensions use the CPI as an indicator for inflation rather than the GDP deflator? Why is the CPI better? what is rconimics I believe the biggest reason is the base for each measures. CPI measures the weighted average change in prices ...
September 30, 2006 by Joey

Macroeconomics
Can someone please help. What components of GDP (if any) would each of the following transactions affect? Explain. a. A family buys a new refridgerator. b. Aunt Jane buys a new house. c. Ford sells a Mustang from its inventory. d. You buy a pizza. e. California repaves Highway...
May 23, 2007 by Sam

MacroEconomics
Monetary policy is the responsibility of the Central Bank and involves variations in the level of the supply of money, the interest rates and availability of credit aimed at affecting the level of expenditure, employment and economic activity within the economy. a. Illustrate ...
November 26, 2009 by Victor

GDP geography
Which of the following factors does not directly affect family size and composition? A. the divorce rate B. the marriage rate C. the GDP rate D. societal values D? kathi anderson forever never lasts
September 7, 2013 by rockrboiluvr14

psy
)]}> Economists continue to measure our country’s economic well being based solely on its Gross Domestic Product, or GDP. However, GDP measures only products and services bought and sold, with no regard with whether these money-generating transactions are positive or ...
September 25, 2010 by Cat

Economics
Explain how it's possible for actual GDP to temporarily exceed full-employment GDP. "full-employment GDP" is a defined concept. Full employment does not mean 100% employment -- an economy has a "natural rate of unemployment" and reflects the fact that in an economy, there will...
July 2, 2006 by Megan

Economics
What components of GDP (if any) would each of the following transactions affect? Explain. (b) Aunt Jane buys a new house. (c) Ford sells a Mustang from its inventory. (g) Honda expands its factory in Marysville, Ohio. My Answers: (b) Investment since I read that new housing is...
April 4, 2007 by Sally

economics
please please please please help me this is due tomorrow!!! this is a table with some questions and i don't know how to solve it (1)real domestic output (GDP=DI) in billions $200 $250 $300 $350 $400 $450 $500 $550 (2)aggregate expenditures private closed economy billions $240...
November 3, 2006 by britney

Alg2
The annual Gross Domestic Product (GDP) of a country is the value of all of the goods and services produced in the country during a year. During the period 1985-1999, the Gross Domestic Product of the United States grew about 3.2% per year, measured in 1996 dollars. In 1985, ...
December 6, 2011 by Rock

Alg2
he annual Gross Domestic Product (GDP) of a country is the value of all of the goods and services produced in the country during a year. During the period 1985-1999, the Gross Domestic Product of the United States grew about 3.2% per year, measured in 1996 dollars. In 1985, ...
December 7, 2011 by Rock

Alg2
the annual Gross Domestic Product (GDP) of a country is the value of all of the goods and services produced in the country during a year. During the period 1985-1999, the Gross Domestic Product of the United States grew about 3.2% per year, measured in 1996 dollars. In 1985, ...
December 9, 2011 by Rock

MACROECONOMICS TERM PAPER TOPIC
Any good TOPICS in my MACROECONOMICS PAPER???? This is a econ-101 class, and I have learned those basic concepts in macroeconomics so far. Any suggestions will be helpful. Thanks. P.S.I have a little bit thought about comparing two online search companies, GOOGLE and BAIDU, ...
June 25, 2007 by Ashely

macroeconomics
As an economist, you have been asked to write a letter to a meeting of international professionals to explain the differences between microeconomics and macroeconomics and to provide real-world examples. Please write a letter of 4–6 pages including, but not limited to the ...
February 25, 2011 by michele

Macroeconomics
V pays 20 cents V sells to W for 35 cents W sells to X for 55 cents X sells to Y for 80 cents Y sells to Z for $1.00 Contribution to GDP: (a) 20 cents (b) $1.00 (c) $1.90 (d) $2.90
July 3, 2009 by Mac

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