1 A brief description of the shortcomings of GDP accounting 2 What are the objectives of macroeconom

Updated on Financial 2024-03-17
10 answers
  1. Anonymous users2024-02-06

    1. The GDP accounting method cannot fully reflect the real economic situation of the country, and some of the data calculated are sometimes ridiculous. Traditional GDP accounting may encourage the depletion of natural resources in pursuit of high GDP growth at the expense of the environment!

    1) There is no distinction between investment that becomes accumulation into stock and actual consumption; (2) Reflect only the monetization in the economy! part, excluding projects that have not entered the market, such as environmental damage and housewife labor; (3) the value and depreciation of natural resources and the environment are not calculated, which are related to the sustainable development of current and future economic welfare; (4) the income distribution structure is not reflected, and different income distributions correspond to different social welfare; (5) contains some intermediate expenditures that do not contribute to social welfare, such as traffic accidents and insect infestations; (6) Inclusion in environmental protection expenditures, contrary to the original intent of welfare; (7) Investments that reflect household labor, public affairs and social capital are not based on actual benefits, but only on capital expenditures.

    2. Objectives: Full employment, price stability, economic growth, and maintaining a balance of payments.

  2. Anonymous users2024-02-05

    Current problems include: large differences in the GDP of production in different regions between the French GDP and the National Bureau of Statistics; There is a large difference between the law of production and the gross domestic product of France; The data required for the fund flow statement is not accurate enough; Lack of balance sheets at the country level. Macroeconomic policy usually considers the following objectives:

    Unemployment rate, GDP growth rate, inflation rate.

  3. Anonymous users2024-02-04

    1) GDP and other indicators of total economic output do not reflect the distribution of income in the economy. (2) GDP relates only to the value of those products and services that are relevant to market activities, ignoring household labor and underground economic factors. (3) GDP does not reflect the cost of economic growth.

    4) GDP does not reflect people's quality of life.

  4. Anonymous users2024-02-03

    Summary. Hello, glad to answer for you! 1.

    5) Briefly describe the reasons for accounting for the total amount of economic activity in the current period in terms of GDP rather than GDP. It is the gross domestic output, that is, the value of all goods and services produced by the resident units of a country in a given period. Gross domestic product (GDP) is the sum of the value of all final goods and services produced by all resident units of a country over a given period of time.

    1.5) Briefly describe the reasons for accounting for the total amount of economic activity in the current period in terms of GDP rather than GDP.

    Good. Hello, glad to answer for you! 1.

    5 points) briefly describe the reasons for using gross domestic product (GDP) rather than gross domestic product (GDP) to account for total economic activity for the current period. It is the gross domestic output, that is, the value of all goods and services produced by the resident units of a country in a given period. The gross domestic product (GDP) is the sum of the value of all final products and services produced by all resident units of a country in a certain period of time.

    Gross Domestic Product (GDP) refers to the total output calculated using the current market**. Real GDP Nominal GDP is not high GDP GDP deflator Net GDP and national income.

    2.Why do residents buy air conditioners and cars that belong to durable consumer goods, while residents buy houses that are fixed dust assets? Try to explain it according to the attributes and characteristics of fixed assets.

    Answer: The reason why the houses purchased and used by residents are fixed assets is that they are more objectively measured in terms of domestic production, household consumption, and social welfare. Due to the differences in the degree of socialization and marketization of economic life in different countries and in different periods, it is necessary to maintain the "comparability" of data in this way when making international or historical comparisons of relevant indicators, so as to meet the actual needs of economic and welfare analysis.

  5. Anonymous users2024-02-02

    Answer]: b, d, e

    In actual accounting, there are three methods for calculating GDP, namely, the production method (total output minus CITIC input), the income method (the sum of the four items of workers' compensation, net income tax on the return of travel, depreciation of fixed assets, and operating surplus), and the expenditure method (the sum of the three slippery items of final consumption, gross capital formation, and net exports of goods and services), which reflect the GDP and its composition from different perspectives.

  6. Anonymous users2024-02-01

    Answer] :d grasp the composition of GDP under the expenditure method and the income method through this question. Depreciation of fixed assets is a component of GDP under the income method. Wild and empty.

  7. Anonymous users2024-01-31

    Answer]: a, c

    Gross Domestic Product (GDP) refers to the final result of the production activities of all resident units of a country or region in a certain period of time (generally one year) calculated by the market**, and it does not include the value of various intermediate consumption such as energy and raw materials. Only the sum of the value of all social final goods and services expressed in monetary terms in all sectors of the national economy is calculated. In actual accounting, there are three methods for calculating GDP, namely, the production method (total output minus intermediate inputs), the income method (the sum of workers' compensation, net production tax, depreciation of fixed assets, and operating surplus), and the expenditure method (the sum of final consumption, gross capital formation, and net exports of goods and services).

  8. Anonymous users2024-01-30

    Answer]: b, c, d, e

    The national income accounting system with the GDP as the core has certain limitations, which are mainly manifested in the following aspects: (1) it cannot reflect the depletion of resources and the damage to the environment caused by economic and economic development, (2) it cannot fully reflect the changes in economic and social welfare, and (3) it cannot accurately reflect the rapid changes in national wealth.

  9. Anonymous users2024-01-29

    Check the answer analysis [Correct answer] First, GDP is the total value of the final goods produced by a country. Second, GDP refers to the total value of goods and services produced in a year, and it does not include inventories of previous products, etc. Thirdly, GDP includes only those products that enter the field of consumption and production as final products, and therefore does not include products with intermediate inputs.

    Fourth, GDP should include not only tangible end products, but also intangible services. Finally, since the final commodities and labor are diverse, GDP is expressed in monetary terms. See textbook p278.

    Answer Analysis].

  10. Anonymous users2024-01-28

    Answer] There are three accounting methods for :d GDP: (1) The production method or sector method is to subtract the consumption of intermediate goods and services from the gross output value (income) of each sector to obtain the increase slip value.

    Answer: The sum of the value added of the remaining sectors is the gross domestic product. (2) The expenditure method or the final product method, i.e., personal consumption expenditure + consumption expenditure + gross domestic asset formation (including fixed capital formation and net increase or decrease in inventories) + the difference between exports and imports. (3) The income method, or distribution method, is to consider GDP as the total value of added value created by various factors of production (capital, land, labor).

    Therefore, it should be distributed among the various factors of production in the form of wages, interest, rents, profits, capital consumption, net indirect taxes (i.e., indirect taxes minus subsidies). In this way, the GDP can be calculated by summing up the various items mentioned above in all sectors of the country (material and non-material production).

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