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Why are goods and services counted in GDP at market price.are there any disadvantage in using market price to measure production?
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Why are goods and services counted in GDP at market price.are there any disadvantage in using market price tonieasure production?
The intention of the measurement is to capture the value of the total production, which would be market price as estimated by the mechanisms in place to monitor and report GDP, A disadvantage is that it can over or understate true GDP if there is a change in market conditions for some subset of production that does not have another co-linear variable to adjust after the fact.
Why are only final goods and services counted in the total production?
Because counting intermediate inputs into final goods would be a form of double-counting, increasing the GDP artificially.
Why does the GDP exclude foreign production by a General Motors plant in Mexico?
Because it was produced in Mexico; therefore such production is counted for Mexico and not for the United States.
What types of goods and services are counted when GDP is measured?
your momas goodes <3 and bishop stop singin....
How do you count various goods and services and know the total production in each sector of economy?
as thousands of goods and services are produced, it is an enormous task to add up all these . To get to this problem economists suggested that the value of goods and sevices should be used rather than adding the actual numbers. But only one precaution is to be undertaken i.e., only the final value of the goods and services should be counted as it already includes the value of all intermediate goods.
Why are goods and services counted in GDP at market price.are there any disadvantage in using market price tonieasure production?
The intention of the measurement is to capture the value of the total production, which would be market price as estimated by the mechanisms in place to monitor and report GDP, A disadvantage is that it can over or understate true GDP if there is a change in market conditions for some subset of production that does not have another co-linear variable to adjust after the fact.
Why are only final goods and services counted in the total production?
Because counting intermediate inputs into final goods would be a form of double-counting, increasing the GDP artificially.
Both goods and services are counted as part of a nation's wealth?
True
Why does the GDP exclude foreign production by a General Motors plant in Mexico?
Because it was produced in Mexico; therefore such production is counted for Mexico and not for the United States.
What services are provided by the company known as Vonage in India?
Vonage is a phone service company which specializes in Voice Over Internet Protocol (VOIP). This means that customers' phone numbers are Internet based. The advantage is that the phone lines are cheaper. The disadvantage is that they are not as reliable as a good old fashioned land line and can not be counted on to function in an emergency.
What types of goods and services are counted when GDP is measured?
your momas goodes <3 and bishop stop singin....
How do you count various goods and services and know the total production in each sector of economy?
as thousands of goods and services are produced, it is an enormous task to add up all these . To get to this problem economists suggested that the value of goods and sevices should be used rather than adding the actual numbers. But only one precaution is to be undertaken i.e., only the final value of the goods and services should be counted as it already includes the value of all intermediate goods.
How does US exports and imports each affect domestic production?
The United States'exports are as much a part of the nation's production as are the expenditures of its own consumers on goods and services made in the United States. Therefore, the United States’ exports must be counted as part of GDP. On the other hand, imports, being produced in foreign countries, are part of those countries' GDPs. When Americans buy imports, these expenditures must be subtracted from the United States'GDP, for these expenditures are not made on the United States' production.
To avoid multiple counting in national income accounts only?
Primary, intermediates, and final goods and services should be counted.
What are the ten males called that have to be present at a bar mitzvah for it to take place?
In orthodox services, 10 males make up a minyan. In non-Orthodox services, women are also counted in minyans. Since a Bar Mitzvah is held during a service, it would require a minyan.
Is social services in NJ allowed to include the income from SSI to get food stamps?
Yes the SSI payments amount would be counted as a part of your support income assistance that you are receiving for your necessary living expenses.
How many Diamonds are in South Africa?
This question is impossible to answer, since diamonds are mined from the earth. The diamonds in South Africa -- or anywhere -- can't be counted until they are brought to the surface and counted.
