(Solved): please Answer all the questions. Thank you What best describes what is included in the GDP measure? ...

What best describes what is included in the GDP measure? Only newly produced goods Only newly produced services All goods and services sold Only newly produced goods and services Any economic interaction Question 2 Where are the goods and services included in a country's GDP produced? Within the bonders of that country plus those goods produced abroad by that country's residents, less demestic goods produced by foreign residents Withisi the borders of that country except for those goods produced in the country by nonresidents or with tapital owned by foreigners Auywhere that country's residents produce goods and services Within that coumiry's botders Anywhere that country's bukibesses produce goods and services Holly has tecently graduaied from colloge and has bought a bouse that was built 50 years ago for \( \$ 100,000 \). She used a real extate agent io belp her find and purchase the hoese. and the teal cotate agent reccived 5 percent of the value of the sale, or \( 55.000 \), ws be paid by the seller of the house. The value of \( G \) DP in this case woald inserease by 5300000 incriase by \( \$ 95,000 \). incrave by 5105 joyo inticteace by \( 55.099 \) not be affected becuuse the trouse was not produced in the cuirient time period. Exhibit \( 18-2 \) shows the cost of the components used to produce a \( \$ 550 \) smartphone. Exhihit 18-9 The total value of output that would be recorded in GDP is \( \$ 200 \). \( \$ 360 \). \( \$ 400 \). \( \$ 450 \). \( \$ 550 \). U.S. GDP includes the value of goods and services produced by U.S. citizens abroad. True False If IBM manufactures a computer in the United States and sells it to a French business firm in Paris, it will cause an increase in net exports. imports. both investment and net exports. government expenditures, consumption. A government incurs a budget deficit when imports are greater than exports. exports are greater than imports taxes are greater than government expenditure. taxes are less than government expenditure. None of these In the base year, nominal and real GDP are equal. True False Question 19 Over the past 20 years, the CPI values have been less volatile than the GDP deflator values for the U.S. rate of intlation. True False