Homework Answers
Real GDP is at equilibrium when C+I+G+X-M=Real GDP
In given table only possible combination is
580+20=600=Real GDP
Therefore Option B is correct answer
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Use the folowing table to answer the next question The table shows a private open economy...
Use the data in the following table for a private closed economy to answer the next...
Use the data in the following table for a private closed economy to answer the next question. All figures are in billions of dollars. Domestic Output or Income (GDP = DI) Consumption $540 $540 560 555 580 570 600 585 620 600 640 615 660 630 The MPC and multiplier are, respectively 0.80 and 5. 0.75 and 4 0.75 and 1.33 0.80 and 1.25 Question 20 1 pts Use the following graph with data for a private closed economy to...
Award 4.00 points The data in columns 1 and 2 in the table below are for...
Award 4.00 points The data in columns 1 and 2 in the table below are for a private closed economy Instructions: For all parts, enter your answers as whole numbers If you are entering any negative numbers be sure to include a of those numbers a Use columns 1 and 2 to determine the equilibrium GDP for this hypothetical economy b Now open up this economy to international trade by including the export and import figures of columns 3 and...
Use the following table to answer the next question. All figures in the table below are...
Use the following table to answer the next question. All figures in the table below are in billions of dollars Aggregate Expenditures (Closed Economy - No International Exports Imports RGDP $400 450 500 550 600 650 700 Trade) $440 480 520 560 600 640 680 $50 50 50 50 50 50 50 $60 60 60 60 60 60 60 billion and the multiplier would be_. If this economy were closed to international trade, then the equilibrium real GDP would be...
QUESTION 8 GDP Aggregate Expenditures (Closed Economy) Exports Imports $400 450 500 550 600 650 700...
QUESTION 8 GDP Aggregate Expenditures (Closed Economy) Exports Imports $400 450 500 550 600 650 700 $60 60 60 60 60 60 60 $440 480 520 $50 600 640 680 50 All figures in the table are in billions of dollars. If this economy were an open economy, the equilibrium GDP would be O $550 billion. O $650 billion. $500 bilion. $600 billion.
The data in columns 1 and 2 in the table below are for a private closed economy Instructions: For all parts, enter...
The data in columns 1 and 2 in the table below are for a private closed economy Instructions: For all parts, enter your answers as whole numbers it you are entering any negative numbers be sure to include a negative sign H in front of those numbers a Use columns 1 and 2 to determine the equilibrium GDP for this hypothetical economy b. Now open up this economy to international trade by including the export and import figures of columns...
The data in columns 1 and 2 in the table below are for a private closed economy Instructions: For all parts,...
The data in columns 1 and 2 in the table below are for a private closed economy Instructions: For all parts, enter your answers as whole numbers. If you are entering any negative numbers be sure to include a negative sign () in front of those numbers. a. Use columns 1 and 2 to determine the equilibrium GDP for the private closed economy. $[ 400 billion b. Now open up this economy to international trade by including the export and...
QUESTION 9 GDP Imports $440 450 50 550 600 50 50 50 640 700 All figures...
QUESTION 9 GDP Imports $440 450 50 550 600 50 50 50 640 700 All figures in the table are in billions of dollars of dollars. If exports should decrease by $20 billion at each level of GDP, other factors constant, then the equilibrium GDP for the economy will be $500 billion $650 billion 。$550 billion O $450 billion
The data in columns 1 and 2 in the table below are for a private closed...
The data in columns 1 and 2 in the table below are for a private closed economy. Instructions: For all parts, enter your answers as whole numbers. If you are entering any negative numbers be sure to include a negative sign () in front of those numbers a. Use columns 1 and 2 to determine the equilibrium GDP for this hypothetical economy.$ billion. b. Now open up this economy to international trade by including the export and import figures of...
The data in the first two columns below are for a closed economy. Use this table...
The data in the first two columns below are for a closed economy. Use this table to answer the following questions. Real GDP Aggregate Net Ageregate = DI Expenditures Exports Imports Exports Expenditures (billions) (billions) (billions) (billions) (billions) (billions) 450 510 Number Number Number Number Number Number Number Number Number Number 5085 Number Number (a) What is the equilibrium GDP for the closed economy? Number (b) What is the size of the multiplier in the closed economy? Number (c) Including...
Problem 11-7 (Algo) Refer to columns1 and 6 In the table below. Aggregate Expenditures Real Domes...
Problem 11-7 (Algo) Refer to columns1 and 6 In the table below. Aggregate Expenditures Real Domestic DI), Billions 5300 5350 5400 5450 $500 $550 5600 $650 Aggregate Exports Billions Output, (GDP Imports, BillionsBillions Net ExportsExpenditures Private Closed Economy, Billions 5340 S380 5420 5480 $500 $540 $580 $620 S30 S30 S30 S30 S30 S30 S30 S30 S20 S20 S20 S20 S20 S20 S20 S20 510 510 510 510 510 510 510 510 Private Open Economy, Billion:s S350 390 S430 S470 S510...
Use the data in the following table for a private closed economy to answer the next question. All figures are in billions of dollars. Domestic Output or Income (GDP = DI) Consumption $540 $540 560 555 580 570 600 585 620 600 640 615 660 630 The MPC and multiplier are, respectively 0.80 and 5. 0.75 and 4 0.75 and 1.33 0.80 and 1.25 Question 20 1 pts Use the following graph with data for a private closed economy to...
Award 4.00 points The data in columns 1 and 2 in the table below are for a private closed economy Instructions: For all parts, enter your answers as whole numbers If you are entering any negative numbers be sure to include a of those numbers a Use columns 1 and 2 to determine the equilibrium GDP for this hypothetical economy b Now open up this economy to international trade by including the export and import figures of columns 3 and...
Use the following table to answer the next question. All figures in the table below are in billions of dollars Aggregate Expenditures (Closed Economy - No International Exports Imports RGDP $400 450 500 550 600 650 700 Trade) $440 480 520 560 600 640 680 $50 50 50 50 50 50 50 $60 60 60 60 60 60 60 billion and the multiplier would be_. If this economy were closed to international trade, then the equilibrium real GDP would be...
QUESTION 8 GDP Aggregate Expenditures (Closed Economy) Exports Imports $400 450 500 550 600 650 700 $60 60 60 60 60 60 60 $440 480 520 $50 600 640 680 50 All figures in the table are in billions of dollars. If this economy were an open economy, the equilibrium GDP would be O $550 billion. O $650 billion. $500 bilion. $600 billion.
The data in columns 1 and 2 in the table below are for a private closed economy Instructions: For all parts, enter your answers as whole numbers it you are entering any negative numbers be sure to include a negative sign H in front of those numbers a Use columns 1 and 2 to determine the equilibrium GDP for this hypothetical economy b. Now open up this economy to international trade by including the export and import figures of columns...
The data in columns 1 and 2 in the table below are for a private closed economy Instructions: For all parts, enter your answers as whole numbers. If you are entering any negative numbers be sure to include a negative sign () in front of those numbers. a. Use columns 1 and 2 to determine the equilibrium GDP for the private closed economy. $[ 400 billion b. Now open up this economy to international trade by including the export and...
QUESTION 9 GDP Imports $440 450 50 550 600 50 50 50 640 700 All figures in the table are in billions of dollars of dollars. If exports should decrease by $20 billion at each level of GDP, other factors constant, then the equilibrium GDP for the economy will be $500 billion $650 billion 。$550 billion O $450 billion
The data in columns 1 and 2 in the table below are for a private closed economy. Instructions: For all parts, enter your answers as whole numbers. If you are entering any negative numbers be sure to include a negative sign () in front of those numbers a. Use columns 1 and 2 to determine the equilibrium GDP for this hypothetical economy.$ billion. b. Now open up this economy to international trade by including the export and import figures of...
The data in the first two columns below are for a closed economy. Use this table to answer the following questions. Real GDP Aggregate Net Ageregate = DI Expenditures Exports Imports Exports Expenditures (billions) (billions) (billions) (billions) (billions) (billions) 450 510 Number Number Number Number Number Number Number Number Number Number 5085 Number Number (a) What is the equilibrium GDP for the closed economy? Number (b) What is the size of the multiplier in the closed economy? Number (c) Including...
Problem 11-7 (Algo) Refer to columns1 and 6 In the table below. Aggregate Expenditures Real Domestic DI), Billions 5300 5350 5400 5450 $500 $550 5600 $650 Aggregate Exports Billions Output, (GDP Imports, BillionsBillions Net ExportsExpenditures Private Closed Economy, Billions 5340 S380 5420 5480 $500 $540 $580 $620 S30 S30 S30 S30 S30 S30 S30 S30 S20 S20 S20 S20 S20 S20 S20 S20 510 510 510 510 510 510 510 510 Private Open Economy, Billion:s S350 390 S430 S470 S510...
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