a phenomenon of the twentieth century u.s economy was the replacement of home pr

Question

a phenomenon of the twentieth century u.s economy was the replacement of home production by production purchased through markets.
a. give an example of a food item that was widely produced by family members in 1900 and htt was widely purchased from businesses in 2000.
b. give an example of a clothing item that was widely produced by family members in 1900 and htt was widely purchased from businesses in 2000.
c.give an example of a service that was widely produced by family members in 1900 and htt was widely purchased from businesses in 2000.
d.how does the replacement of home production with production through markets affect real GDP? how does it affect the usefulness of comparisons of real GDP per capita at the end of the twentieth century with the same measure at the beginning of the twentieth century?
e. the economies of some countries today are more similar to the U.S economy in 1900 than to the U.S. economy in 2000. how useful are comparisons between the real GDP in the United States and in these economies?

Explanation / Answer

A: maize B: cotton C: transportation D: it affects gdp based on the fact that the product is being manufactured inside the country or being imported from another country. E: not much, as of now the other countries have access to much more advanced technologies and a more globalized world which would help them grow at a faster rate then it was possible for the states to do so back then

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.