Question
In: Economics
Many economost claim that the United States current measure of GDP is inadequate meaning there are...
Many economost claim that the United States current measure of GDP is inadequate meaning there are better alternatives.
The question is this: What are some reasons for why the current measure of GDP has NOT changed? Meaning what are all of the reasons to keep the current measure of GDP the way it is. What are the pros of the current measure of GDP?
Solutions
Rahul Sunny answered 2 years agoRelated Solutions
What does United States GDP measure and what should United States GDP measure?
What does United States GDP measure
and what should United States GDP
measure?
The current guidelines for companies in the United States is GAAP while many areas of the...
The current guidelines for companies in the United States is
GAAP while many areas of the world have adopted IFRS. The SEC is in
favor of a single accounting standard. Your company is trying to
decide which guidelines to follow. What factors should your company
consider in determining which set of standards it should follow?
What advantages and disadvantages do you see with following each
method?
Which of the following would not be included in United States GDP? A. The wages and...
Which of the following would not be included in United States
GDP?
A. The wages and salaries of North Carolina State government
workers.
B. An imported computer laser printer manufactured in Singapore and
purchased by a
Virginia mail order company.
C. A Dell computer manufactured in the United States and exported
to Italy for use by
an Italian college student.
D. Sale of 1000 shares of IBM stock on the New York Stock Exchange
valued at the
current market price...
a.) Define GDP. b.) What are three reasons why GDP in the United States has increased...
a.) Define GDP.
b.) What are three reasons why GDP in the United States has
increased over time?
c.) Consider a country with a simple economy that produces two
goods: apples and bananas. Data is collected in two years: 2016 and
2017.
2016:
Price of Apples: $2 Quantity of Apples: 10
Price of Bananas: $3 Quantity of Bananas: $20
2017:
Price of Apples: $4 Quantity of Apples: $30
Price of Bananas: $6 Quantity of Apples: $60
Complete nominal GDP in...
a.) Define GDP. b.) What are three reasons why GDP in the United States has increased...
a.) Define GDP.
b.) What are three reasons why GDP in the United States has
increased over time?
c.) Consider a country with a simple economy that produces two
goods: apples and bananas. Data is collected in two years: 2016 and
2017.
2016:
Price of Apples: $2 Quantity of Apples: 10
Price of Bananas: $3 Quantity of Bananas: $20
2017:
Price of Apples: $4 Quantity of Apples: $30
Price of Bananas: $6 Quantity of Apples: $60
Complete nominal GDP in...
Services account for the greatest proportion of the GDP of the United States. Consider the nature...
Services account for the greatest proportion of the GDP of the
United States. Consider the nature
of professional services (e.g. financial planning, legal,
consulting, agencies, accountants, mechanics). Suppose
you had a friend that has a small financial planning business
including a web page. If she/he were to ask you for
basic guidelines regarding search optimization and paid search ads
(i.e. what you’ve learned in in the book
and during lecture), what would you recommend initially? What about
the benefits of...
Suppose that the inflation rate in the United States is 1.5 percent while GDP is 2...
Suppose that the inflation rate in the United States is 1.5
percent while GDP is 2 percent below the potential level. According
to the Taylor Rule the Federal Reserve authorities should adjust
the stock of base money to drive the target inflation rate to 2
percent. If the current federal funds rate is 2.75 percent, does
this mean that the U.S. monetary policy is too tight? Explain
(assume the real natural rate of interest is 2 percent and α =...
Which of the following transactions would be included in this year's GDP for thet United States?
Which of the following transactions would be included in this year's GDP for thet United States? a) Jennifer buys a rug imported from Mexico. b) Melissa buys stock in an American textile company. c) Jennifer purchases a table over the Internet from a North Carolina furniture manufacturer. d) Melissa purchases a table over the Internet from a Mexican manufacturer.
Assume the GDP in the United States is at $20.5 billion dollars and has been growing...
Assume the GDP in the United States is at $20.5 billion dollars
and has been growing at about 3% for the last 6 years. The
unemployment rate is 4.0% and has been stable at that level for 7
months. The inflation rate is at 4.8% which is up from 2.5% two
years ago. Economists at the Council of Economic Advisors estimate
the NRU to be 4% and the target inflation to be 2.0%.
1. What problem(s) is the economy facing?...
Find the most recent federal deficit as a percentage of GDP of the United States. Suppose...
Find the most recent federal deficit as a percentage of GDP of
the United States. Suppose that the federal budget deficit was
eliminated and there was no change in private saving. What would be
the effect on the long run capital stock per worker? What would be
the effect on long run output per worker?
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