Microeconomics please answer. urgent?
A) is the dollar value of the total output produced within the borders of the nation.
B) is the dollar value of the total output produced by its citizens, regardless of where they are
C) can be found by summing C+ ln+ S+Xn
D) is always some amount less than its C+Ig+ G+ Xn
A nation's gross domestic product (GDP):
A) can be found by summing C+ Ig+ G+ Xn
B) is the dollar value of the total output produced by its citizens, regardless of where they are living
C) can be found by summing C+ S+ G+ Xn
D) is always some amount less than its NDP
Tom atoe grows tomatoes for home consumption. This activity is:
A) excluded from GDP in order to avoid double counting
B) excluded from GDP because an intermediate good is involved.
C) productive but is excluded from GDP because no market transaction occurs.
D) included in GDP because it reflects production.
Net exports are:
A) that portion of consumption and investment goods sent to other countries
B) exports plus imports
C) exports less imports
D) imports less exports
Gross investment refers to:
A) private investment minus public investment.
B) net investment plus replacement investment.
C) net investment after it has been "inflated" for changes in the price level.
D) net investment plus net exports.
GDP differs from NDP in that:
A) GDP is based on gross exports, while NDP is based on net exports.
B) GDP includes, but NDP excludes, taxes on production and imports.
C) net investment is used in calculating GDP and gross investment is used in calculating NDP.
D) gross investment is used in calculating GDP and net investment is used in calculating NDP.
If depreciation exceeds gross investment:
A) the economy's stock of capital may be either growing or shrinking.
B) the economy's stock of capital is shrinking
C) the economy's stock of capital is growing
D) net investment is zero.
The concept of net domestic investment refers to:
A) the amount of machinery and equipment used up in producing the GDP in a specific year.
B) the difference between the market value and book value of outstanding capital stock.
C) gross domestic investment less net exports.
D) total investment less the amount of investment goods used up in producing the year's output.
If depreciation (consumption of fixed capital) exceeds domestic investment, we can conclude that:
A) nominal GDP is rising but real GDP is declining
B) net investment is negative
C) the economy is importing more than its exports.
D) the economy's production capacity is expanding
When an economy's production capacity is expanding:
A) nominal GDP, but not necessarily real GDP, is rising.
B) net exports is always a positive amount.
C) DI exceeds PI.
D) domestic investment exceeds depreciation.