The consumption expenditure in the economy is $200mn. The investment expenditure in the economy is $100...

Question

Question

The consumption expenditure in the economy is $200mn. The investment expenditure in the economy is $100...

The consumption expenditure in the economy is $200mn. The investment expenditure in the economy is $100 mn. The Government spending is $250 mn. The exports are $100mn and imports are $300mn. What is the GDP of the country?

business economics

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Answer

GDP is found by the following equation

Y=C+I+G+NX

Y=GDP

C=consumption

G=govenment spending

I=investment

NX=net export =export - import=100-300=-200

Y=200+100+250+(-200)

Y=350

The GDP is $350

Add a comment

Answer 2

Similar Homework Help Questions

GDP 1000 Government Expenditure 120 Investment Expenditure 160 Consumption Expenditure 700 Imports 80 1) Use the...

GDP 1000 Government Expenditure 120 Investment Expenditure 160 Consumption Expenditure 700 Imports 80 1) Use the data in the table above to answer the following questions. a) [3 points] Based on the data provided above, what is the value of National Savings? b) [3 points] Is this country a lender or a borrower? c) [3 points] What is the value of exports?
Consumption: ?? = 4 + 0.5(? − ?) Investment: ?? = 4 + 0.2? Government expenditure:...

Consumption: ?? = 4 + 0.5(? − ?) Investment: ?? = 4 + 0.2? Government expenditure: ? = 30 Tax revenue: T = 0.2? Exports: ? = 7 Imports: ? = 0.02 ? where Cd is consumption on domestically produced goods (remember: total consumption, C=Cd +M), Y is domestic output, G is government expenditure, M is imports, IP is planned investment spending, X is exports, and T is tax revenue. (i) Derive the equation for planned aggregate expenditure (PAE) on...
Calculate the four components of expenditure and GDP for the following economy using data from the...

Calculate the four components of expenditure and GDP for the following economy using data from the table below Instructions: Enter your response as an integer value GDP Consumption expenditures Exports Government purchases of goods and services Construction of new homes and apartments Sales of existing homes and apartments Imports Beginning-of-year inventory stocks End-of-year inventory stocks Business fixed investment Government payments to retirees Household purchases of durable goods $600 $75 $200 $100 $200 $50 $100 $50 $100 $100 $150 Consumption expenditures:...

4. Computing GDP using the expenditure approach The following table shows data on consumption, investment, exports,...

4. Computing GDP using the expenditure approach The following table shows data on consumption, investment, exports, imports, and government purchases for the United States in 2007, 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 Consumption (C) Investment (I) Exports (EX) Imports (IM) Net exports of goods and services (NX) Government purchases (G) Gross domestic product (GDP) $9,734.20 $2,125.40 $1,643.00 $2,351.00...
r components of aggregate expenditure and GDP for the following economy using data from the table...

r components of aggregate expenditure and GDP for the following economy using data from the table below. Instructions: Enter your responses as whole numbers. GDP Data Consumption expenditures $600 Exports $75 Government purchases of goods and services $200 Construction of new homes and apartments $100 Sales of existing homes and apartments $200 Imports $50 Beginning-of-year inventory stocks $100 End-of-year inventory stocks $125 Business fixed investment $100 Government payments to retirees $100 Household purchases of durable goods $150 Consumption expenditures: $...
Real GDP Planned Government Net Aggregate Consumption Investment Purchases Exports Expenditures $2,000 $1,600 $250 $250 $100...

Real GDP Planned Government Net Aggregate Consumption Investment Purchases Exports Expenditures $2,000 $1,600 $250 $250 $100 2,500 2,000 250 250 100 3,000 2,400 250 250 100 3,500 2,800 250 250 100 If potential GDP is $4,000 billion, how much should government spending increase so that the economy can move to the full employment level of GDP? (Hint: multiplier effect) $100 O $300 $200 $400 O C DOLL

What key observation did the classical model attempt to explain? A. the economy performs well in the short run, but...

What key observation did the classical model attempt to explain? A. the economy performs well in the short run, but not so well in the long run B. business cycles are the most important economic problem C. over the short run, the economy performs rather poorly D. markets do not clear without government intervention E. over the long run, the economy performs rather well Which of the following four elements contribute to GDP in the expenditure approach? A. consumption spending,...
Read chapter 6 and Prepare a two-page report on: What was the percentage of consumption, investment,...

Read chapter 6 and Prepare a two-page report on: What was the percentage of consumption, investment, government expenditure exports and imports in the GDP of Canada in last two years (2018 and 2019)? comparative analysis of the change in percentage of expenditure on consumption, investment, government expenditure exports and imports between 2018 and 2019. What factors were responsible for this change? please make a report on these questions with suitable examples
1. Here is some hypothetical information on the Brazilian economy. Solve. GDP Consumption Spending Taxes/Net Taxes...

1. Here is some hypothetical information on the Brazilian economy. Solve. GDP Consumption Spending Taxes/Net Taxes Household Saving Investment Spending Government Purchases Imports Exports $2,425 billion billion $655 billion $575 billion $520 billion $695 billion _billion $800 billion What is Consumption? What is Imports?

Measure GDP and NDP from the following data: Consumption Expenditure $28,500 Government Expenditure &nbsp

Measure GDP and NDP from the following data: Consumption Expenditure $28,500 Government Expenditure $ 18,900 Investment Expenditure $16,800 Exports $9.640 Imports $8,750 Depreciations $1,340 Retained Earnings $1,150 Indirect Business Taxes $950

The consumption expenditure in the economy is $200mn. The investment expenditure in the economy is $100...

Homework Answers

Add Answer to:
The consumption expenditure in the economy is $200mn. The investment expenditure in the economy is $100...

Post as a guest

Earn Coins

GDP 1000 Government Expenditure 120 Investment Expenditure 160 Consumption Expenditure 700 Imports 80 1) Use the...

Consumption: ?? = 4 + 0.5(? − ?) Investment: ?? = 4 + 0.2? Government expenditure:...

Calculate the four components of expenditure and GDP for the following economy using data from the...

4. Computing GDP using the expenditure approach The following table shows data on consumption, investment, exports,...

r components of aggregate expenditure and GDP for the following economy using data from the table...

Real GDP Planned Government Net Aggregate Consumption Investment Purchases Exports Expenditures $2,000 $1,600 $250 $250 $100...

What key observation did the classical model attempt to explain? A. the economy performs well in the short run, but...

Read chapter 6 and Prepare a two-page report on: What was the percentage of consumption, investment,...

1. Here is some hypothetical information on the Brazilian economy. Solve. GDP Consumption Spending Taxes/Net Taxes...

Measure GDP and NDP from the following data: Consumption Expenditure $28,500 Government Expenditure &nbsp

The consumption expenditure in the economy is $200mn. The investment expenditure in the economy is $100...

Homework Answers

Add Answer to: The consumption expenditure in the economy is $200mn. The investment expenditure in the economy is $100...

Post as a guest

Earn Coins

Add Answer to:
The consumption expenditure in the economy is $200mn. The investment expenditure in the economy is $100...