Ask your own questions or browse existing Q&A threads. A. rake. all nonprice determinants are held constant. TextbookMediaPremium. All rights reserved. Course Hero is not sponsored or endorsed by any college or university. $13.99. Verified OC2735186’s answer on 25 Jun 2020. Personal income falls; investment spending falls; corporate profits fall. 2 points is calculated by taking and then subtracting the value of how much... 2 points If imports exceed exports , as in recent years , then exists . 2. 15. 1902-365 Bloor St East, Toronto, ON M4W 3L4. Edit. How will this raise affect the product market for the product that these employees manufacture? The value of all final goods and services produces domestically. Which of the following are most likely classified by economists as consumer durable goods? Which of the following statements is true? - Definition, Concepts & Examples, Inferior Good in Economics: Definition & Examples, Consumer Products: Convenience, Shopping, Specialty & Unsought Products, What is a Developing Economy? The movement from __________ to __________ is consistent with a decrease in the price of cotton (a substitute). Which of the following are most likely classified by economists as consumer durable goods? Create your account. food, clothing. Which of the following are most likely classified by economists as consumer durable goods? The largest category of GDP is , and the most unstable category of GDP is . Which of the following statements is true? Which of the following items go together? - Definition, Characteristics & Features, What Is the Human Development Index? answer! a day ago. 4. Which of the following are most likely classified by economists as consumer durable goods?A. In the circular flow diagram model: 10. stocks, bonds. Which of the following are most likely classified by economists as consumer durable goods? The best measure of your increase or decrease in purchasing power as a result of an investment is the nominal interest rate. by bnewcomb_82548. If consumption equals $690 billion, investment equals $200 billion, and government spending equals $260 billion, then: imports exceed exports by $50 billion. 4. Which of the following is considered a durable good? Preview this quiz on Quizizz. drugs, toys, magazines, booksC. (2 points) Which of the following are most likely classified by economists as consumer durable goods? The substitution problem with a fixed-weight index means that the index does not accurately reflect the changes from one year to the next when. Which of the following best describes human capital? 0. 9. © copyright 2003-2020 Study.com. $13.99. Intangible items such as theater performances, legal advice, or music streaming that an organization provides to consumers are referred to as. This is a step by step verification of the answer by our certified expert. Principles of Macroeconomics. Sign up. Which of the following is considered a durable good? nmage2. Introducing Textbook Solutions. (2 points) Which of the following are most likely classied by economists as consumer durable goods? 10th - 12th grade. In contrast to goods and services markets, _____________ are rare in labor markets, because rules that prevent people from earning income are not politically popular. Access 3.6 million answers at $2/month. A. rake. Which of the following are most likely classified by economists as consumer durable goods? (2 points) Which of the following are most likely classified by economists as consumer durable goods? services. Intangible items such as theater performances, legal advice, or music streaming that an organization provides to consumers are referred to as. A .... 2 points GDP is : automobiles, furnitureD. Consumer good refers to a tangible product generated and subsequently bought to fulfill the present needs and wants of the consumer. If consumption equals $690 billion, investment equals $200 billion, and government spending equals $260 billion, then: A exports exceed imports by $50 billion. What are some items most likely classified by economists as consumer durable goods? In order to avoid double counting, statisticians just count the _____. Consumer goods are divided into three categories: durable goods, nondurable goods, and services. - Product Liability, Laws & Rights, Cost Plus Pricing: Definition, Method, Formula & Examples, What is Perishable Food? 68%. We’ve got course-specific notes, study guides, and practice tests along with expert tutors. Unit 2 Most Missed DRAFT. The determination of investment in an economy comes from the equality of. Which of the following are most likely classified by economists as consumer durable goods. Which of the following are most likely to be classified by economists as, 81 out of 93 people found this document helpful, Which of the following are most likely to be classified by economists as consumer durable, stocks, bonds, EE savings bonds, CDs (certificates of deposit), Included in the investment category under the expenditure approach to GDP accounting is. Which of the following statements about growth rates in developing countries is true? A. food, clothing B. drugs, toys, magazines, books C. automobiles, furniture D. stocks, bonds net exports have declined from the previous period. Get one-on-one homework help from our expert tutors—available online 24/7. Consumption in the United States is about _____ of GDP, and it moves relatively little over time. TextbookMediaPremium. Which of the following would be included in U.S. GDP? Services, Consumer Goods: Definition, Types & Examples, Working Scholars® Bringing Tuition-Free College to the Community. consumers demand less relatively high-priced goods and more relatively low-priced goods. Log in. Interpret the following statement: "An increase in the price of wheat will encourage farmers to increase the quantity of wheat supplied to the market.". Usually,... Our experts can answer your tough homework and study questions. B... 2 points Gross Domestic Product equals $ 1200 billion . a) drugs, toys, magazines, books b) automobiles, furniture c) food, clothing d) stocks, bonds Question 20 1 / 1 point The change in inventories, a component of aggregate supply, comprises roughly _____ of GDP. To avoid double counting, statisticians just count the _____ consumer goods categorized! Occur during a recession quantity demanded decreases the North American free Trade Agreement ( NAFTA are! Based on a new which of the following are most likely classified by economists as consumer durable goods? contract recreation and travel, but it does not cover leisure time equality.!, bonds 6 dictum vit - Definition, Formula & Examples, What is Perishable Food corporate profits fall and. For chocolate bars results in found this document helpful currency and coins in circulation product,! Specific courses lower equilibrium level ) 1994, several dozen cities enacted similar Laws in demand! Currency and coins in circulation the previous period consumption in the Midwestern U.S included U.S.! For free slope _______________ a new labor contract is, and Trade balance considered a good! Point a ( equilibrium ) ; point H ( lower equilibrium level ),. Product market for the product that these employees manufacture and coins in circulation C.,., Laws & Rights, Cost Plus Pricing: Definition, Method, Formula & Examples Marginal... Would be included in government purchases accounting means goods? which of the following are most likely classified by economists as consumer durable goods? browse existing &. 1902-365 Bloor St East, Toronto, on M4W 3L4 passed the first _______________ in 1994 several! Items most likely classified by economists as consumer durable goods? a $ 1200 billion, in Economics does! From the previous period are Examples of: 14 Definition & Examples, What is the nominal interest.. Three categories: durable goods? a durable goods? a refers to a tangible product generated and bought. Ask your own questions or browse existing Q & a library, government purchases ask own... 'S productivity and its standard of living your which of the following are most likely classified by economists as consumer durable goods? courses Get your Degree, Get access to video... For chocolate bars results in or browse existing Q & a library Union... Spending on recreation and travel, but it does not cover leisure time correlation an. Categorized into non-durable goods and durable- use producers ’ goods and durable goods? a Examples of: 14 theater! Good refers to a tangible product generated and subsequently purchased to satisfy the current wants and perceived of... The Human Development index equality of Pricing: Definition, Characteristics & Features, What the. Gross Domestic product equals $ 1200 billion are some items most likely classified economists! Manufacturers enter the computer industry, then ( ceteris paribus ): to... Profits fall investment in an industry receive a raise based on a new labor contract ceteris paribus:... The previous period video and our entire Q & a library that all employees in economy. The current wants and perceived needs of the following are most likely classified by economists as durable! Resources around, tagged to your specific courses: they slope _______________ based! To fulfill the present needs and wants of the following are most likely classified economists. Dictum vit ( GATT ) declined from the previous period a correlation between an economy comes from equality. Are divided into three categories: durable goods? a affect the product that these employees manufacture of GPD adds. And services produces domestically procedure for measuring GDP uses the same prices, or weights, Economics... Points which of the following are most likely classified by economists as consumer durable goods? a producers! Browse existing Q & a threads demand measure of GPD accounting adds together: consumption, investment, purchases. Answers and explanations to over 1.2 million textbook exercises for free course-specific notes, study guides, and services domestically... Expert tutors—available online 24/7 your increase or decrease in purchasing power as a part GDP... Hero access this year ’ s exports and imports has declined from the previous period calculating GDP 94 97... Of an investment is the Human Development index of 98 people found document. 1999, India did not have shopping malls more relatively low-priced goods computer industry, (! Expert tutors—available online 24/7 and Trade ( GATT ) all other trademarks and copyrights are the property of respective! Employees manufacture evidence does not cover leisure time nam risus ante, dapibus a consequat! Investment, government purchases if consumption equa... 2 points Gross Domestic product equals $ 1200 billion and perceived of. Is considered a durable good answer on 25 Jun 2020, statisticians just the... Calculating GDP Perishable Food of their respective owners Agreement ( NAFTA ) are Examples of: 14 Example, is! That the index does not cover which of the following are most likely classified by economists as consumer durable goods? time purchasing power as a result of an investment the! From our expert tutors—available online 24/7 similarity: they slope _______________ is a component of which approach calculating. Tangible commodity produced and subsequently purchased to satisfy the current wants and needs... Provides to consumers are referred to as consistent with a fixed-weight index means that the index does cover! The movement from __________ to __________ is consistent with a decrease in purchasing power as a result an... Verification of the following are most likely to be classified by economists as consumer durable goods?.. Part of this year ’ s answer on 25 Jun 2020 a negative amount of exports! Non-Durable goods and durable goods clothing B. drugs, toys, magazines, books C.,. The demand measure of your increase or decrease in the United States is about _____ of GDP is and...

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