The table given below reports the value of sales at each stage of production of
ID: 1182634 • Letter: T
Question
The table given below reports the value of sales at each stage of production of an economics book.
What is the value-added by processing timber into paper?
The table given below shows the various stages of production of a Corvette, a sports car produced by General Motors Company (GMC).
The value added by the dealer is:
The contribution to GDP from the production of this car is:
The table given below reports the sales value at each stage of production of the soft drink Pepsi.
The value added to GDP by the production of 1 can of Pepsi is:
The table given below reports the value of the different economic variables of a nation during a year.
For the economy described in the table above, personal income is:
The table given below reports the value of the different economic variables of a nation during a year.
For the economy described in the table above, disposable income is:
Production Stage Sales Value Purchase of Timber $1.25 Processing of Timber into Paper $7.75 Printing $24.5 Retail Sale of Econ Book $38.00Explanation / Answer
Hi, If you like my answer, please rate my answer first and according to my answer...that way only I can earn points. Thanks The table given below reports the value of sales at each stage of production of an economics book. Production Stage Sales Value Purchase of Timber $1.25 Processing of Timber into Paper $7.75 Printing $24.5 Retail Sale of Econ Book $38.00 What is the value-added by processing timber into paper? A)$38.00 (Value added is accounted for final product) The table given below shows the various stages of production of a Corvette, a sports car produced by General Motors Company (GMC). Production Stage Sales Value Steal Co. sells the raw material to Morot Inc. $1,500 Motor Inc. sells the engine to GMC $2,350 Dealer buys car from GMC $19,700 Dealer sells car at retail $36,000 The value added by the dealer is: D)$36,000 (Value of final product sold) The table given below shows the various stages of production of a Corvette, a sports car produced by General Motors Company (GMC). Production Stage Sales Value Steal Co. sells the raw material to Morot Inc. $1,500 Motor Inc. sells the engine to GMC $2,350 Dealer buys car from GMC $19,700 Dealer sells car at retail $36,000 The contribution to GDP from the production of this car is: C)$19,700 (Purchase price for dealer, not selling price) Identify the impact of an increase in the inventory stock during a year. B)The GDP of the country should decrease by the amount of the increase in inventory. (intermediate products are not accounted in GDP) Which of the following accounts for the largest percentage of output in the United States? A)The government The table given below reports the sales value at each stage of production of the soft drink Pepsi. Production Stage Sales Value Sugarcane $0.05 Processed Sugar $0.10 Wholesale Pepsi $0.40 Pepsi in a Vending Machine $0.60 The value added to GDP by the production of 1 can of Pepsi is: C)$0.60 (1 can will be accounted for in vending machine not in wholesale) Which of the following components of GDP accounts for the bulk of national expenditures in the United States? A)Government purchases The stock of unused goods held by a firm is called: E)inventory The total expenditure on goods and services in a country must be the same as the total income earned from selling goods and services because: C)one sector’s expenditures are another sector’s income. A reduction in the value of capital goods over time due to their use in production is called: E)depreciation. The term capital consumption allowance is defined as the: E)difference between earnings not received and receipts not earned. The purchase of a new machine to replace the one that is worn out is: B)included in gross investment. Which of the following can be a valid reason for Canada’s GDP exceeding its GNP in 2001? A)Net factor income from abroad in Canada was negative. Which of the following is subtracted from GNP when calculating NNP? B)Capital consumption allowance Which of the following is not included in national income? C)Capital consumption allowance Suppose that personal income is $250 billion. Furthermore, assume that retained corporate earnings are $2 billion, social security taxes are $15 billion, social security benefit checks equal $16 billion, the capital consumption allowance is $32 billion, and corporate taxes amount to $40 billion. The national income of this nation will be: C)$261 billion ( I am getting 261 billion sorry) Personal income is equal to: C)NI plus income currently earned but not received minus income currently received but not earned. Personal income is equal to: B)disposable personal income minus personal taxes. The table given below reports the value of the different economic variables of a nation during a year. GNP Data (Adjusted for net factor income from abroad.) Consumption Spending $1,150 Gross Investment $320 Exports $420 Capital Consumption Allowance $60 Social Security Benefits $365 Imports $540 Personal Income Tax $225 Government Purchases $200 For the economy described in the table above, personal income is: B)$1,325 The table given below reports the value of the different economic variables of a nation during a year. GNP Data (Adjusted for net factor income from abroad.) Consumption Spending $1,150 Gross Investment $320 Exports $420 Capital Consumption Allowance $60 Social Security Benefits $365 Imports $540 Personal Income Tax $225 Government Purchases $200 For the economy described in the table above, disposable income is: B)$1,550 = (1325 +225) Which of the following is true of real GDP? A)It measures a nation’s output in terms of current year prices.
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