Which economic term is associated with the following
formula:
C + I + G + (X – M)
Where C stands for consumption and X stands for exports
Aggregate Demand is the total demand for the goods and services in an economy at a given period of time. It is represented by the below formula:
Aggregate Demand = C + I + G + (X - M),
Here, C = Consumption, I = Investment , G = Government Expenditure and Exports (X) - Imports (M) = Net Exports
So, from the above description, we can say that Aggregate demand is the economic term associated with the given formula.
Which economic term is associated with the following formula: C + I + G + (X...
is the sum of consumption purchases (C), investment purchases (I), government purchases (G), and net exports (X - M). Why do you think economic forecasters focus so much on consumption purchases and their determinants?
1. Aggregate demand is measured by: A. C+ I + G - X - M B. C - I - G - X - M C. C + I + G + X + M D. C + I + G + X - M 2. Which of the following statements is likely to be true? A. Consumption is likely to increase with income B. Consumption is likely to increase with higher interest rates C. Consumption is always equal to...
Attempts: Keep the Highest 12 3. Calculating GDP from raw economic data The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government consumption expenditures and gross investment for the United States in 2010, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. ♡ Fill in the missing cells in the following table to calculate GDP. Components Personal Consumption Expenditures (C) Gross Private Domestic Investment (I) Exports (X)...
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2014, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach.Data (Billions of dollars) Consumption (C) 11,930.3Investment (I) 2,851.6Exports (X) 2,337.0Imports (M) 2,875.2Net Exports of Goods and Services Government Purchases (G) 3,175.2Gross Domestic Product (GDP)
Let C stand for consumption spending, I for investment, G for government purchases, X for exports, M for imports, DI for disposable income, and NT for net taxes. Consider the following identity and answer the questions that follow. C+I+G+(X-M)= DI + NT Which of the following best characterizes the above identity? Aggregate income must equal the total amount of leakages from the nation's flow of income and expenditures Domestic product must exceed aggregate income. O Aggregate income must equal domestic...
Country Z has an economy that can be described as C= 200 + (0.8) y I= 150 G= 250 X= 115 M= 125 + (0.05) Y C= Consumption Y= Income I= investment G= Goverment spending X= exports M=Imports What is the equilibrium level of income for this economy? 1. 2360 2. 3930 3. 4,960 4. 8,260
Consider the following Keynesian income model: E = C + I + G + X-M C = 300 + 0.85Yd Yd = Y – T T = 60 + 0.25Y; I = 400 G = 700 X = 400 M = 50 + 0.15Y In equilibrium, Y = E: a. calculate the equilibrium level of income. b. calculate the amount of taxes collected when the economy is at equilibrium level of income and show whether the government budget is in...
3. Calculating GDP from raw economic data The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government consumption expenditures and gross investment for the United States in 2010, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the following table to calculate GDP. Components Personal Consumption Expenditures (CC) $10,417.1 Gross Private Domestic Investment (II) $1,818 Exports (XX) $1,935.3 Imports (MM) $2,435.5...
(16) Which of the following pairs of economic concepts are usually associated with each other? Stagflation and cost-push inflation Stagflation and demand-pull inflation Economic expansion and cost-push inflation Stagflation and the wage-price spiral (17) The Y variable in the formula for the quantity theory of money stands for the total output of the economy. the price level. the money supply. the equilibrium intersection of supply and demand. (18) A price index in one year...
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2018, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Data (Billions of dollars) Consumption (C) Investment (I) Exports (X) Imports (M) Net Exports of Goods and Services Government Purchases (G) Gross Domestic Product (GDP) 13,948.5 3,650.1 2,531.3...