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What else can I help you with?
What is the amount of goods produced in a certain time?
the amount of goods produced at a certain time is called productivity
Are transfer payments included in GDP calculations?
No, transfer payments are not included in GDP calculations because they do not represent actual production of goods and services.
Why are transfer payments not included as a government expenditure when calculating GDP?
Transfer payments are not included as a government expenditure when calculating GDP because they do not represent the production of goods or services. Instead, transfer payments are simply the redistribution of income from one group to another, such as social security benefits or welfare payments. Including transfer payments in GDP calculations would result in double counting, as the original production of goods and services that generated the income has already been accounted for.
Are welfare payments included in the GDP?
No, welfare payments are not included in GDP calculations. GDP measures the value of goods and services produced in an economy, while welfare payments are transfer payments that do not reflect economic production. These payments redistribute income but do not contribute to the overall output of the economy.
What is tHe ability of countries to sPecialize in the production of certain goods is limited by the existence of what?
trade barriers :)
What are grants of money paid by british to encourage production of certain goods in the colonies?
What are grants of money paid by british to encourage production of certain goods in the colonies?
What is the amount of goods produced in a certain time?
the amount of goods produced at a certain time is called productivity
Are transfer payments included in GDP calculations?
No, transfer payments are not included in GDP calculations because they do not represent actual production of goods and services.
What is advance guarantee?
buyer will sometimes make an advance payments to the seller to enebled them to start acquisition or production of goods.
Why are transfer payments not included as a government expenditure when calculating GDP?
Transfer payments are not included as a government expenditure when calculating GDP because they do not represent the production of goods or services. Instead, transfer payments are simply the redistribution of income from one group to another, such as social security benefits or welfare payments. Including transfer payments in GDP calculations would result in double counting, as the original production of goods and services that generated the income has already been accounted for.
What is advance payment guarantee?
buyer will sometimes make an advance payments to the seller to enebled them to start acquisition or production of goods.
Briefly discuss Wages with the help of example?
Payments for the applications of human efforts for the production of goods and services is termed as wages.
What is tHe ability of countries to sPecialize in the production of certain goods is limited by the existence of what?
trade barriers :)
What is the importance of capital goods in economics?
capital goods helps in the production of fenish goods for consumtion.In most cases capital goods can not be use to satisfy consumers,unless it under goes certain processing.Productin is said not to be compleat unless it reaches the final consumer.On this note it tells us production of fenish goods for consumption is a cardinal in production of goods and services
What are three factors of production and the two types of payments that appear in the free market circular flow model?
The three factors of production are capital, labor, and land. Two types of payments are from firms and households. These payments go to the goods and services markets.
What impact did technological advances have on the production goods?
production of goods was increased
Why are transfer payments not included in GDP?
Transfer payments are not included in GDP because they do not reflect actual production of goods and services in the economy. Instead, transfer payments are simply transfers of money from one group to another, such as government benefits or subsidies, and do not directly contribute to the overall economic output.
