- Home >
- Business Finance >
- Gross domestic product
Gross domestic product
Question Description
Assume that Country A has a population of 500,000 and only produces 1 good: cars. Country A produces 100,000 cars per year. The people in Country A purchase 90,000 cars, but there are not enough cars to fulfill all the demand. They decide to import 50,000 more. The government buys 25,000 cars for its police force, and 10,000 cars are bought by companies to transport employees to other locations to work. They also export 65,000 cars to nearby countries for sale. Discuss the following:
- What is Country A’s GDP?
- What is the composition of GDP by percentage?
- What is the GDP per capita?
- How does this relate to Keynesian economics?
This question has not been answered.
Create a free account to get help with this and any other question!
Similar Content
A Portrait of the Artist as a Young Man
by James Joyce
The Road
by Cormac McCarthy
The Dispossessed
by Ursula Kroeber Le Guin
Uncle Tom's Cabin
by Harriet Beecher Stowe
Killers of the Flower Moon
by David Grann
Where the Crawdads Sing
by Delia Owens
The Book Thief
by Markus Zusak
The Bell Jar
by Sylvia Plath
Ethan Frome
by Edith Wharton
Studypool values your privacy. Only questions posted as Public are visible on our website.
Brown University
1271 Tutors
California Institute of Technology
2131 Tutors
Carnegie Mellon University
982 Tutors
Columbia University
1256 Tutors
Dartmouth University
2113 Tutors
Emory University
2279 Tutors
Harvard University
599 Tutors
Massachusetts Institute of Technology
2319 Tutors
New York University
1645 Tutors
Notre Dam University
1911 Tutors
Oklahoma University
2122 Tutors
Pennsylvania State University
932 Tutors
Princeton University
1211 Tutors
Stanford University
983 Tutors
University of California
1282 Tutors
Oxford University
123 Tutors
Yale University
2325 Tutors