a. The value of "free" household services provided by at-home spouses rather than a paid cook, maid, and baby sitter
b. The value of unpaid-for volunteer time
c. The unpaid-for services provided by the natural environment, such as breathable air
d. Net exports: (value of exports - value of imports)
2006-11-01 08:47:54 · 3 answers · asked by jessiebabie824 2 in Social Science ➔ Economics
Using the expenditure approach
GDP = C + I + G + (X-M)
By convention, GDP values things at their market value or how much is paid for them. Clearly a,b and c are all unpaid, so aren't (normally) counted in GDP.
Answer d is (X-M), which you can see in the equation I have given above, so it must be the answer!
2006-11-01 09:52:27 · answer #1 · answered by eco101 3 · 0⤊ 0⤋
expenditure attitude: The expenditure attitude provides up the fee of the products that are produced for extremely final intake. All of darryls dry apricots are bought to shoppers, so their valus is $2.3 million. $ a million.2 million of fannie's sparkling apricots are bought to darryl, so in basic terms $2.0-$a million.2= $0.8 million of fannie's production is for extremely final intake. So the full intake on very final products & amenities is...$0.8 million + $2.3 million = $ 3.a million million
2016-10-21 02:43:43 · answer #2 · answered by hosford 4 · 0⤊ 0⤋
Are you testing us? If so, why? Are you instead trying to determine the answer to this question? If so, why should we do your homework, and why can't you figure it out yourself? I've never taken an econ class in my life and even I can figure out the answer.
2006-11-01 08:51:53 · answer #3 · answered by Anonymous · 0⤊ 1⤋