Digital economy-320. Tursunboyev laziz

C) GOVERNMENT PURCHASES (G) is the sum of government expenditures on final goods and services. It includes salaries of public servants, purchases of weapons for the military and any investment expenditure by a government. It does not include any transfer payments, such as social security or unemployment benefits. Analyses outside the USA will often treat government investment as part of investment rather than government spending.
D) NET EXPORT (X)  represents gross exports. GDP captures the amount a country produces, including goods and services produced for other nations' consumption, therefore exports are added. Net exports of goods and services (% of GDP) in Uzbekistan was reported at 24.27 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. (resourse:https://www.theglobaleconomy.com)
M (imports) represents gross imports. Imports are subtracted since imported goods will be included in the terms G, I, or C, and must be deducted to avoid counting foreign supply as domestic.Note that C, I, and G are expenditures on final goods and services; expenditures on intermediate goods and services do not count. (Intermediate goods and services are those used by businesses to produce other goods and services within the accounting year.^[19]) So for example if a car manufacturer buys auto parts, assembles the car and sells it, only the final car sold is counted towards the GDP. Meanwhile, if a person buys replacement auto parts to install them on their car, those are counted to resourse:https://www.ceicdata.com)
5. Consider how each of the following events is likely to affect real GDP. Do you think the change in real GDP reflects a similar change in economic well-being?
a) A hurricane in Florida forces Disney World to shut down for a month.GDP decreases because it does not produce the product, then it does not pay taxes and will have to temporarily lay off workers. Unemployment and prices will rise sharply.
b) The discovery of a new, easy-to-grow strainof wheat increases farm harvests.The discovery of a new, easy-to-grow strain of wheat will increase yields on farms and increase gdp because it requires less cost and less labor to grow the strain, supports exports by improving product quality, and allows for more efficient use of land resources.
c) Increased hostility between unions and management sparks a rash of strikes. The strikes of the workers will inevitably lead to a decline in gdp less product will be produced and there will be shortages in the market workers 'incomes and consumers' purchasing power will decline, and management will lose skilled workers
d) Firms throughout the economy experience falling demand, causing them to lay off workers. Real GDP is likely to fall, as firms shift toward production methods that produce fewer goods but emit less pollution. Economic well-being, however, may rise. The economy now produces less measured output but more clean air; clean air is not traded in markets and, thus, does not show up inmeasured GDP, but is nevertheless a good that people value.
e) Congress passes new environmental laws that prohibit firms from using production methods that emit large quantities of pollution. As a result of this law a temporary decrease in gdp is observed. manufacturing firms bring companies back to previous production volumes by introducing new technologies. which helps to preserve the environment.The economy now produces less measured output but more clean air; clean air is not traded in markets and, thus, does not show up inmeasured GDP,
f) More high-school students drop out of school to take jobs mowing lawns.Real GDP rises because the high-school students go from an activity in which they are not producing market goods and services to one in which they are.Economic well-being, however, may decrease. In ideal national accounts,attending school would show up as investment because it presumably increases the future productivity of the worker. Actual national accounts do not measure this type of investment. Note also that future GDP may be lower than it would be if the students stayed in school, since the future work force will be less educated.
g) Measured real GDP falls because fathers spend less time producing market goods and services. The actual production of goods and services need not have fallen, however. Measured production (what the fathers are paid to do) falls, but unmeasured production of child-rearing services rises.