What can measuring a nations output of goods and services tell us about the economy

Answers

Answer 1

Answer:

The size of a nation's economy is commonly expressed as it's gross domestic product (GDP), which measures the value of the output of all goods and services produced within the country on a year. You measure it by taking the quantities of all the goods and services produced, multiplying them by their prices, and summing the total.

Answer 2
The size of a nation’s economy is commonly expressed as its gross domestic product, or GDP, which measures the value of the output of all goods and services produced within the country in a year. *GDP is measured by taking the quantities of all final goods and services produced and sold in markets, multiplying them by their current prices, and adding up the total. GDP can be measured either by the sum of what is purchased in the economy using the expenditures approach or by income earned on what is produced using the income approach. The expenditures approach represents aggregate demand (the demand for all goods and services in an economy) and can be divided into consumption, investment, government spending, exports, and imports. What is produced in the economy can be divided into durable goods, nondurable goods, services, structures, and inventories. To avoid double counting—adding the value of output to the GDP more than once—GDP counts only final output of goods and services, not the production of intermediate goods or the value of labor in the chain of production. The gap between exports and imports is called the trade balance. If a nation's imports exceed its exports, the nation is said to have a trade deficit. If a nation's exports exceed its imports, it is said to have a trade surplus.

Related Questions

Robert Sternberg suggests that intelligence is culturally defined. Please select the best answer from the choices provided T F.

Answers

The statement given by Robert Sternberg which suggests that the intelligence is culturally defined is TRUE. Intelligence quotient of individuals also changes with change in regions.

Intelligence is in the culture and customs followed by an individuals or group of individuals in a way that how the ancestors or super senior people have impacted the way of living.

Intelligence

The intelligence of a person cannot be defined in exact numbers but is grouped from a range of being less intelligent to being very intelligent, and it cannot be seen but can be felt and experienced.

Intelligence differs with changing cultures, which is dependent on factors like the upbringing of such person belonging to a specific culture and the teachings of life left behind by the ancestors.

The individuals belonging to a culture have different intelligence because of the customs and traditions that have been set as standard practices and followed from such period.

Hence, the statement given above by Robert Sternberg which suggests that the intelligence is culturally defined is TRUE.

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What ethnic group became dominant in the Eastern Europe

Answers

Answer:
Germans ethnic became dominant in the Eastern Europe
the biggest ethnic group im europe would be SLAVIC

Tell me about Mohan sumsher​

Answers

the prime minister and foreign minister of Nepal from 30 April 1948 until 12 November 1951.

Which of these is an example of a single-issue interest group?
O Everytown for Gun Safety
O National Fair Housing Alliance
Trust for Public Land
O Habitat for Humanity International

Answers

Answer:

c

Explanation:

i did the test

Trust for Public Land represents the example of the single-issue interest group.

Single-issue interest groups are said to be those who pertain only to some specific interests as part of their political agenda or campaign. Thus, they tend to make their voting-related decisions depending on their single issues such as equality, society, or others.  

Thus, these group only operates and revolve around one subject for their lifetime.

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Which of these actions match Harding’s plans? Check all of the boxes that apply.

Answers

Answer: a) lowering income taxes

d) eliminating regulations

Explanation: hope this helps :)

One of the most important Muslim art forms is architecture.

Please select the best answer from the choices provided


T
F

Answers

Answer:

Is True

Explanation:

Just took the test and its right yw

which apa is responsible for publishing the dsm-5?

Answers

The American Psychiatric Association is responsible for the publishing of Diagnostic and Statistical Manual of Mental Disorders (5th ed.; DSM–5; , 2013)

Which of the following is not a feature of the us government?

a. Keep Order
b. Provide leadership
c. Provide Church Services
d. Provide Security

Answers

c doesn’t really make any sense to be a feature so imma go with that!

Who was the first president of the us

Answers

Answer:

George Washington

Explanation:

George Washington was an American soldier, statesman, a Found Father, and the first president of the United States of America.

George Washington (February 22, 1732 – December 14, 1799) was an American soldier, statesman, and Founding Father who served as the first President of the United States from 1789 to 1797.

which hogwarts professor is usually in charge of decorating the christmas trees?

Answers

Professor Flitwick

im 100% sure.

Using the right words in a job interview or a marriage proposal may determine failure or success because being a competent communicator requires us to use ______ in a deliberate and informed way.

Answers

Being a competent communicator requires us to use language in a deliberate and informed way.

Language.

Let's understand why language is required in a deliberate and informed way.

What is language?Language is known to be a system set out to aid communication among humans.

Using language in a deliberate and informed way will aid effective communication.

It enables people to actually communicate with great precision.

What characterises effective language?Effective language must be conciseEffective language must be precise and clear.Effective language must be familiar and constructive.

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Answer: grammatical rules

Explanation:

According to the two-factor theory of emotion, being aroused by _____ should intensify passionate feelings.

Answers

hi! the answer is “any source”

which region of nepal is called the granary of nepal? why?

Answers

Answer:

granary of nepal

Explanation:

The Terai region of Nepal is often called granary of Nepal due to its capability to cultivate and produce food. Although Terai region consists only 23% of total land area, it produces 56% of total national cereal production [1].

Answer:

Terai region is the granary of Nepal because of its capability to cultivate and produce foood

how to tie a christmas tree to your car without roof racks

Answers

Answer:

umm i think hook bungy cords to each side on the tree to the inside on your window

How can the stay of the external tourists be extended in a particular country? Give at least 4 reasons.​

Answers

Answer: enables most citizens or nationals of participating countries* to travel to the United States for tourism or business for sta

Explanation:

How would treatment for depression be carried out according to the below
therapies?
1.) Psychoanalysis
2.) Behavioral therapy
3.) Cognitive therapy
4.) Humanistic therapy
5.) Biomedical therapy

Answers

Answer:

1.)

Explanation:

I took the test and got it right

Answer:

3.) Cognitive therapy

Explanation:

Because cognitive therapy and behavioral therapy work well together to treat depression and anxiety disorders, the two are often combined in an approach called cognitive behavioral therapy (CBT). CBT focuses on addressing both the negative thought patterns and the behaviors that contribute to depression

The Fifth and Fourteenths Amendments are designed to protect the right of?

A. Due process
B. Equality
C. Common good
D. Independence​

Answers

Answer:

Equality

Explanation:

Evaluating the solution is the last step of the problem solving process. Please select the best answer from the choices provided T F.

Answers

The statement that evaluating the solution is the last step of the problem solving process is False.

What is Problem solving process?

Problem solving process can be regarded as an act of defining a problem, then look for the  cause of the problem and implementing a solution.

It can be sectioned into steps which are;

Identification of the Problem.Do the analyzes the Problem.make a description of the Problem.find the Causes.look for Alternate Solutions.Implementation of the Solution.Measure the Results that us gotten.

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Answer:

its true

Explanation:

trsut me on this one, also, if you can, please give brainlest

Chris is off to college this fall, but he has discovered that under his parent's health policy, he is only covered for emergency medical care while at school. Should Chris consider purchasing additional medical insurance just in case he needs it? Explain your answer.

Answers

Yes. He should because you never know when something bad might happen. If for what ever reason Chris were to die, then his parents would get additional money for it.

I hope this helps. Im really sorry if its unhelpful

Yes. Because you never know when anything horrible might occur, he should. If Chris were to pass away for any reason, his parents would receive additional compensation.

What is medical insurance?

One of the best types of health insurance is family floater. These plans provide joint coverage for you and your spouse. Anyone covered by the plan's insurance can make a claim for coverage. Yet, you simply pay one premium as opposed to paying a premium for each individual policy.

The least expensive type of medical insurance that you can choose is a family floater plan. Also, it provides full safety and may improve how you handle your financial obligations.

A contract known as insurance transfers the risk of financial loss from a person or business to an insurance provider. They gather modest sums of money from customers and combine it to cover losses. Two main categories can be used to categorize insurance: Insurance for property and casualties (P&C)

Thus, yes. Because you never know when anything horrible might occur.

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Unwanted movements, such as severe shaking, bizarre-looking grimaces, twisting of the body, and extreme restlessness, sometimes produced by antipsychotic drugs, is

Answers

Answer: Extrapyramidal Effects

Explanation:

what is the purpose of the preamble to the constitution

Answers

Answer:the U.S. constitution preamble sets the stage for the constitution. It clearly communicates the intentions of the framers and the purpose of the document. The preamble is an introduction to the highest law of the land it is not the law. It does not define government powers or individual rights.

Explanation:

What are examples of felonies check all that apply

Answers

Murder, arm robbery, assault, aggravated battery
Murder Attempted murder assault with a deadly weapon battery regular assault Grand thief auto armed robbery first degree murder second degree murder third degree murder and more that I’m not going to get into because the answer would then be to long anyway hoped this helped

write an essay evaluating the indian removal act and its effect on americas deveolpment as a nation did it help grow the nation why or why not

Answers

Answer:

The Indian Removal Act was signed into law by President Andrew Jackson on May 28, 1830, authorizing the president to grant lands west of the Mississippi in exchange for Indian lands within existing state borders. A few tribes went peacefully, but many resisted the relocation policy. During the fall and winter of 1838 and 1839, the Cherokees were forcibly moved west by the United States government. Approximately 4,000 Cherokees died on this forced march, which became known as the "Trail of Tears."

Explanation:

_____ help integrate information processed in various areas of the cortex to produce a meaningful understanding.

Answers

Hi, answer would be “association areas”

The type of interference where old information interferes with recall of new information is called __________ interference. A. Proactive B. Ineffective C. Retroactive D. Active.

Answers

Answer:

A. proactive

Explanation:

The type of interference where old information with a recall of new information is called proactive interference. The correct option is a.

What is proactive interference?

Proactive Interference occurs when old information or knowledge interferes with the learning of new information. Since old memories are often stored in long-term memory, they have been rehearsed many times which makes them easy to recall.

These memories sometimes make it difficult to learn new things. For example, after moving into a new house, one may have a hard time remembering the new address after only knowing the previous one for so long. The older memory of the previous address makes it difficult to recall the new address. Even more interesting, the concept of what is proactive interference becomes more apparent as one grows in age.

The number of memories stored in an older person's memory is much more than a younger person's, making proactive interference even more likely to happen.

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Why did people originally start together on the mesoptamian plains

Answers

Answer: As the water spread over the floodplain, the soil it carried settled on land. The fine soil deposited by rivers called silt. Silt is fertile and good for growing crops. Because of this, Mesopotamia is also known as "The fertile Crescenttt.

Explanation:

An intense fear of heights is not considered to be a psychological disorder unless it:

Answers

An intense fear of heights is not considered to be a psychological disorder unless it interferes with your daily life.

Hope that helps. :)

What is strange about the crypt? it locked it has writing on it it unlocked it is small.

Answers

The only thing strange about crypt is that it is locked, so only an authorized one may get access to the file or program over the internet or on a computer, whether offline or online. So, the correct option is A.

Crypt refers to as the method or a system designed to restrict unauthorized access to a data that may be confidential and sensitive if accessed by the public.

Encryption

Crypt can also be defined as a system that has been encrypted to provide high level security and also restrict any unwanted access, thereby maintaining the privacy.

Encryption is considered to be a safest and most secure way of sending or accessing data that has been locked with a pin or password or any other methods of decryption.

Fingerprints, voice recognition and retina scans are also a method of decryption of data that has to be accessed by such person over a network of computers.

Hence, the correct option is A that the strange thing about crypt is that it is locked and can be accessed only by correct method of decryption.

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Answer:

i think b

Explanation:

a is wrong fs


What was the MOST important impact of the railroads on Atlanta's growth?

Answers

Answer:

Explanation:

They made Atlanta the transportation hub of the south

What were two reasons for the rapid spread of slavery in the American colonies?

Answers

Answer:

Explanation:

Colonists found that they could profitably grow cash crops with slave labor.

Indentured white laborers who arrived in New England were sold as slaves in the south. maybe

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