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Gross Domestic Product

Create a 2-4 page Word document in APA format (Not Including Title or Reference Page) containing your answers to the following questions using common economics terms and concepts: Part 1: Define Gross Domestic Product (GDP). Which of the following are included in GDP calculations? Explain your reasoning. cleaning services performed by Molly Maid Corporation lawn-mowing services performed by a neighborhood child drugs sold illegally on a local street corner prescription drugs manufactured in the United States and sold at a local pharmacy a rug woven by hand in Turkey air pollution that diminishes the quality of the air you breathe toxic-waste cleanup performed by a local company car parts manufactured in the United States for a car assembled in Mexico a purchase of 1,000 shares of IBM stock Part 2: Using any relevant information below, calculate GDP using the expenditure approach. Show your calculations: Inventory investment $50 billion Fixed investment $120 billion Consumer durables $420 billion Consumer nondurables $270 billion Interest $140 billion Indirect business taxes $45 billion Government wages and salaries $300 billion Government purchases of goods and services $110 billion Imports $80 billion Exports $40 billion Profits $320 billion Services $600 billion
Create a 2-4 page Word document in APA format (Not Including Title or Reference Page) containing your answers to the following questions using common economics terms and concepts: Part 1: Define Gross Domestic Product (GDP). Which of the following are included in GDP calculations? Explain your reasoning.
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Assignment ID
34704
Discipline
CREATED ON
July 12, 2016
COMPLETED ON
July 14, 2016
Price
$40
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Latest reviews for works411
daphny.dee75
December 3, 2016
daphny.dee75
I will come back and leave comment when I get my mark. Hopefully it will be good! He is a pro on writing. he is also patient to add based on clients requirement. I am his regular client now,
chaudharisainee98
December 2, 2016
chaudharisainee98
Excellent
PVNDV34
December 2, 2016
PVNDV34
Great work.