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Question : 51) The purchase of a new Boeing fighter jet by : 1238451

Economics

 

51) The purchase of a new Boeing fighter jet by Israel is classified in the U.S. GDP accounts as

A) export expenditure.

B) consumption expenditure.

C) investment expenditure.

D) government expenditure.

E) import expenditure.

52) Gross Domestic Product equals

A) Y = C + I – G + NX.

B) Y = C – I + G + NX.

C) Y = C + I + G + NX.

D) Y = C – I – G – NX.

E) Y = C + I + G – NX.

53) Last year in Candamica, consumption expenditure was $20 billion, interest, rent, and profit were $2.5 billion, government expenditure on goods and services was $7 billion, net exports of goods and services was $5 billion, and investment was $2 billion. Hence total expenditure was

A) $24.5 billion.

B) $34.5 billion.

C) $36.5 billion.

D) $34 billion.

E) undetermined without information about imports.

54) Everything else the same, if government expenditure increases by $400 billion and imports increase by $400 billion, then GDP

A) increases by $400 billion.

B) increases by $200 billion.

C) decreases by $400 billion.

D) does not change.

E) decreases by $200 billion.

55) Suppose that business firms spend $500 million on new capital equipment this year.  Of this $500 million, $300 million was spent on domestically produced capital and $200 million was spent on foreign-produced capital.  All else equal, these transactions contribute ________ to GDP.

A) $0

B) $200 million

C) $300 million

D) $500 million

E) $800 million

56) Undistributed profits ________ counted as part of GDP because ________.

A) are not; households are not paid by the firms

B) are; they can be used to buy other goods

C) are ; they are considered income paid to households and loaned back to firms

D) are not; they are considered an intermediate good

E) are; firms are required to pay corporate income taxes on them

57) Total expenditure equals total income

A) because firms pay out everything they receive as income to the factors of production.

B) if firms earn zero profit.

C) if firms do not save for future investment.

D) only if firms sell all the goods they produce in a given time period.

E) only if net taxes equals government expenditures on goods and services.

58) The circular flow shows that GDP measures

i. total income.

ii. total expenditures.

iii.price changes.

A) i only

B) ii only

C) iii only

D) i and ii

E) i, ii, and iii

59) Because of the circular flows of expenditure and income in the economy, total ________ equals total ________ equals total ________.

A) expenditure; investment; income

B) expenditure; income; value of production

C) consumption; expenditure; value of production

D) investment; income; consumption

E) consumption; investment; expenditure

60) In the circular flow, how are the “value of production,” “income,” and “expenditures” related?

A) They have no relationship to each other.

B) Once tax payments are subtracted at each stage, they are equal.

C) Expenditures on GDP equals the value of production which equals income.

D) Once net exports of goods and services are subtracted from GDP, all three are equal.

E) Value of production always equals income but expenditures is smaller because households save some of their income and do not spend it.

 

 

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July 1, 2023
    

Primary Discussion Response is due by Wednesday (11:59:59pm Central), Peer Responses are due by Sunday (11:59:59pm Central).

Primary Task Response: Within the Discussion Board area, write 300–500 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Interest groups play a significant role in contemporary American politics, on a wide range of public policy issues, from healthcare (Affordable Care Act, for example) to gun control (the NRA is a well-known example), and from financial services regulation to regulating food production.

For this discussion board, choose an interest group that appeals to you and then identify a public policy issue that your selected interest group is working on impacting. In addition, include the following information:

  • What types of activities are conducted by your interest group? Provide examples of activities undertaken by the group within the last 12 months. Activities can include lobbying, television or radio spots, media spots, rallies or other activities. Also, if available, provide links to any news articles about the organization’s activities or press releases from the organization or other articles from the organization’s website for your classmates’ reference.
  • How is your chosen interest group connected to the average citizen, if at all? Provide examples of average citizens’ involvement in your chosen interest group, if any. If your chosen interest group rarely or does not interact with the average citizen, please discuss how the work of your chosen interest group indirectly impacts the average citizen, if at all.
  • Do you believe that interest groups do, or have the ability to, promote corruption in government? Explain your position. If they do or have the potential to do so, why do you believe so? If not, what do you think prevents them from corrupting government? Support your position with specific examples.

Responses to Other Students: Respond to at least 2 of your fellow classmates with a reply of at least 100 words about their primary task response. To help you with your discussion, please consider the following questions:

  • What did you learn from your classmate's posting?
  • What additional questions do you have after reading the posting?
  • What clarification do you need regarding the posting?
  • What differences or similarities do you see between your posting and other classmates' postings?

 

 

 

 

 

Individual project

 

Weekly tasks or assignments (Individual Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.

PHASE 3 OUTLINE - THIS PROJECT MUST BE SUBMITTED IN OUTLINE FORM

After researching your topic and finding reliable sources, the next step is to use the information you have found to develop a working outline. In this assignment, you will build from your annotated bibliography. Using the same topic you researched in phase 2, you will plan and outline a Problem/Solution essay. You will use this outline to create a rough draft.

Before creating your first draft of the Problem/Solution essay, you will create a double-spaced outline that plans out your Problem/Solution essay in process.

The outline should begin with your Thesis Statement and introduce the Problem/Issue.

A well-integrated outline will include evidence of outside research integration, including specific statistics and data. Avoid using single word descriptions.  The stronger outline will be the more detailed and developed outline. 

Your Outline should contain the following:

  • A thesis statement
  • Topic sentences
  • Supporting information in the form of quotes or paraphrased passages
  • A properly formatted reference page with at least two reliable sources
  • Proper in text citations

In addition to these structural guidelines your individual project should also contain the following:

  • A cover page
  • Headers
  • Page numbers

Be double-spaced using 12 point, Times New Roman, Arial, or Courier fonts. Please submit your assignment.

default image
July 1, 2023
    

Primary Discussion Response is due by Wednesday (11:59:59pm Central), Peer Responses are due by Sunday (11:59:59pm Central).

Primary Task Response: Within the Discussion Board area, write 300–500 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Interest groups play a significant role in contemporary American politics, on a wide range of public policy issues, from healthcare (Affordable Care Act, for example) to gun control (the NRA is a well-known example), and from financial services regulation to regulating food production.

For this discussion board, choose an interest group that appeals to you and then identify a public policy issue that your selected interest group is working on impacting. In addition, include the following information:

  • What types of activities are conducted by your interest group? Provide examples of activities undertaken by the group within the last 12 months. Activities can include lobbying, television or radio spots, media spots, rallies or other activities. Also, if available, provide links to any news articles about the organization’s activities or press releases from the organization or other articles from the organization’s website for your classmates’ reference.
  • How is your chosen interest group connected to the average citizen, if at all? Provide examples of average citizens’ involvement in your chosen interest group, if any. If your chosen interest group rarely or does not interact with the average citizen, please discuss how the work of your chosen interest group indirectly impacts the average citizen, if at all.
  • Do you believe that interest groups do, or have the ability to, promote corruption in government? Explain your position. If they do or have the potential to do so, why do you believe so? If not, what do you think prevents them from corrupting government? Support your position with specific examples.

Responses to Other Students: Respond to at least 2 of your fellow classmates with a reply of at least 100 words about their primary task response. To help you with your discussion, please consider the following questions:

  • What did you learn from your classmate's posting?
  • What additional questions do you have after reading the posting?
  • What clarification do you need regarding the posting?
  • What differences or similarities do you see between your posting and other classmates' postings?

 

 

 

 

 

Individual project

 

Weekly tasks or assignments (Individual Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.

PHASE 3 OUTLINE - THIS PROJECT MUST BE SUBMITTED IN OUTLINE FORM

After researching your topic and finding reliable sources, the next step is to use the information you have found to develop a working outline. In this assignment, you will build from your annotated bibliography. Using the same topic you researched in phase 2, you will plan and outline a Problem/Solution essay. You will use this outline to create a rough draft.

Before creating your first draft of the Problem/Solution essay, you will create a double-spaced outline that plans out your Problem/Solution essay in process.

The outline should begin with your Thesis Statement and introduce the Problem/Issue.

A well-integrated outline will include evidence of outside research integration, including specific statistics and data. Avoid using single word descriptions.  The stronger outline will be the more detailed and developed outline. 

Your Outline should contain the following:

  • A thesis statement
  • Topic sentences
  • Supporting information in the form of quotes or paraphrased passages
  • A properly formatted reference page with at least two reliable sources
  • Proper in text citations

In addition to these structural guidelines your individual project should also contain the following:

  • A cover page
  • Headers
  • Page numbers

Be double-spaced using 12 point, Times New Roman, Arial, or Courier fonts. Please submit your assignment.

default image
July 1, 2023
    

Primary Discussion Response is due by Wednesday (11:59:59pm Central), Peer Responses are due by Sunday (11:59:59pm Central).

Primary Task Response: Within the Discussion Board area, write 300–500 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Interest groups play a significant role in contemporary American politics, on a wide range of public policy issues, from healthcare (Affordable Care Act, for example) to gun control (the NRA is a well-known example), and from financial services regulation to regulating food production.

For this discussion board, choose an interest group that appeals to you and then identify a public policy issue that your selected interest group is working on impacting. In addition, include the following information:

  • What types of activities are conducted by your interest group? Provide examples of activities undertaken by the group within the last 12 months. Activities can include lobbying, television or radio spots, media spots, rallies or other activities. Also, if available, provide links to any news articles about the organization’s activities or press releases from the organization or other articles from the organization’s website for your classmates’ reference.
  • How is your chosen interest group connected to the average citizen, if at all? Provide examples of average citizens’ involvement in your chosen interest group, if any. If your chosen interest group rarely or does not interact with the average citizen, please discuss how the work of your chosen interest group indirectly impacts the average citizen, if at all.
  • Do you believe that interest groups do, or have the ability to, promote corruption in government? Explain your position. If they do or have the potential to do so, why do you believe so? If not, what do you think prevents them from corrupting government? Support your position with specific examples.

Responses to Other Students: Respond to at least 2 of your fellow classmates with a reply of at least 100 words about their primary task response. To help you with your discussion, please consider the following questions:

  • What did you learn from your classmate's posting?
  • What additional questions do you have after reading the posting?
  • What clarification do you need regarding the posting?
  • What differences or similarities do you see between your posting and other classmates' postings?

 

 

 

 

 

Individual project

 

Weekly tasks or assignments (Individual Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.

PHASE 3 OUTLINE - THIS PROJECT MUST BE SUBMITTED IN OUTLINE FORM

After researching your topic and finding reliable sources, the next step is to use the information you have found to develop a working outline. In this assignment, you will build from your annotated bibliography. Using the same topic you researched in phase 2, you will plan and outline a Problem/Solution essay. You will use this outline to create a rough draft.

Before creating your first draft of the Problem/Solution essay, you will create a double-spaced outline that plans out your Problem/Solution essay in process.

The outline should begin with your Thesis Statement and introduce the Problem/Issue.

A well-integrated outline will include evidence of outside research integration, including specific statistics and data. Avoid using single word descriptions.  The stronger outline will be the more detailed and developed outline. 

Your Outline should contain the following:

  • A thesis statement
  • Topic sentences
  • Supporting information in the form of quotes or paraphrased passages
  • A properly formatted reference page with at least two reliable sources
  • Proper in text citations

In addition to these structural guidelines your individual project should also contain the following:

  • A cover page
  • Headers
  • Page numbers

Be double-spaced using 12 point, Times New Roman, Arial, or Courier fonts. Please submit your assignment.

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