Homework Answers
Q1. Option b
Net exports = Exports-Imports
If exports are higherr than imports then it get added to GDP and if imports are higher than exports then GDP decreases.
Q2. Option a
Consumption forms allmost 65 to 68 percent of total GDP
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=201360718 41.00 estion Which of the following statements is TRUE? Select one: a. Government purchases is...
please answer all The components of GDP are: Select one: O a. Consumption, government spending, net...
please answer all
The components of GDP are: Select one: O a. Consumption, government spending, net exports, and investment. O b. Exports, imports, investment, and disposable income. O c. Consumption, exports, imports, and disposable income. O d. Consumption, inventory, government spending, and disposable income. Question 19 Not yet answered Points out of 1.00 P Flag question The crowding out effect refers to a decrease in: Select one: O a. Consumption or investment as a result of an increase in government...
1. Since the U.S. is organized as a market economy, the government sector does not play...
1. Since the U.S. is organized as a market economy, the government sector does not play any role in economic activity. Group of answer choices True False 2. GDP equals $8 trillion. If consumption equals $5.5 trillion, investment equals $500 billion, and government spending equals $1.5 trillion, then: Group of answer choices exports exceed imports by $500 billion. imports exceed exports by $500 billion. net exports equal zero. exports exceed imports by $1 trillion. 3. GDP excludes: Group of answer...
The components of Aggregate Demand are: Select one: a. Consumption spending, Investment spending, government spending and...
The components of Aggregate Demand are: Select one: a. Consumption spending, Investment spending, government spending and spending on exports minus imports b. Consumption spending and investment spending only c. Investment spending and government spending only d. Only spending on exports minus imports and consumption spending
What is consumption in this economy? GDP Government Purchases Transfer Payments Exports Imports Net foreign factor...
What is consumption in this economy? GDP Government Purchases Transfer Payments Exports Imports Net foreign factor income In trillions of dollars 5.0 1.0 0.2 0.4 0.5 0.4 00 Select one: O a. 3.9 trillion O b. Not enough information to compute consumption O c. 3.6 trillion O d. 4.1 trillion
ECON 250 30. Which of the following is NOT included in U.S. GDP? the estimated rental...
ECON 250 30. Which of the following is NOT included in U.S. GDP? the estimated rental value of owner-occupied housing in the U.S.A. b.US. home grown garden for family consumption c. production of foreign citizens living in the United States d services such as those provided by American lawyers and America hair stylists working in the USA 31. One bag of flour is sold for $2.50 to a bakery, which uses the flour to bake bread. Five loafs of bread...
POSTU b) consumption + investment + government purchases + exports - imports c) the cost of...
POSTU b) consumption + investment + government purchases + exports - imports c) the cost of resources + the value added by intermediate industries + the value added by retailers d) coins + currency + bank account balances (Answer) e) all of the above Explain your answer: 3. Suppose 1 million Germans work as consultants in Spain and repatriate their earnings back to Germany. Then the value of their services counts a) as Spanish exports and German imports b) as...
(49)Which of the following statements is true? GNP: (a)Measures the total output of final goods and...
(49)Which of the following statements is true? GNP: (a)Measures the total output of final goods and services within a country’s economy in a year (b)Includes only goods and services produced by the citizens of a country (c)Includes intermediate inputs (d)All of the above (50)Which of the following statements is false? The monetary value of the output of $20 billion worth of cars by the Honda Corporation in India’s economy would be counted in: (a)Japan’s GNP (b)India’s GDP (c)America’s GNP (d)All...
Blogs Support estion 1 Which of the following statements about an oligopoly is true? Select one:...
Blogs Support estion 1 Which of the following statements about an oligopoly is true? Select one: 0 a. There is only one firm producing the good. O b. The equilibrium price is lower than that of perfect competition O c. The equilibrium price is higher than that of a monopoly O d. Total profits are always higher than that of a monopoly " t yet answered arked out of Flag question e. Firms decide how much to produce depending on...
The government purchases component of GDP includes: Select one: a. purchases of final goods and services....
The government purchases component of GDP includes: Select one: a. purchases of final goods and services. b. interest payments on government debt. c. transfer payments. d. payments made to social security recipients.
19. Which of the following is included in government expenditures when measuring GDP? A) Social Security...
19. Which of the following is included in government expenditures when measuring GDP? A) Social Security payments B) unemployment compensation payments C) pension payment made to past presidents D) the current president's salary 20. Transfer payments A) are included in the government expenditure category in gross domestic product. B) refer to all payments made to households by governments. C) refer to payments made by the government that are not made to purchase a good or service. D) are made by...
please answer all
The components of GDP are: Select one: O a. Consumption, government spending, net exports, and investment. O b. Exports, imports, investment, and disposable income. O c. Consumption, exports, imports, and disposable income. O d. Consumption, inventory, government spending, and disposable income. Question 19 Not yet answered Points out of 1.00 P Flag question The crowding out effect refers to a decrease in: Select one: O a. Consumption or investment as a result of an increase in government...
What is consumption in this economy? GDP Government Purchases Transfer Payments Exports Imports Net foreign factor income In trillions of dollars 5.0 1.0 0.2 0.4 0.5 0.4 00 Select one: O a. 3.9 trillion O b. Not enough information to compute consumption O c. 3.6 trillion O d. 4.1 trillion
ECON 250 30. Which of the following is NOT included in U.S. GDP? the estimated rental value of owner-occupied housing in the U.S.A. b.US. home grown garden for family consumption c. production of foreign citizens living in the United States d services such as those provided by American lawyers and America hair stylists working in the USA 31. One bag of flour is sold for $2.50 to a bakery, which uses the flour to bake bread. Five loafs of bread...
POSTU b) consumption + investment + government purchases + exports - imports c) the cost of resources + the value added by intermediate industries + the value added by retailers d) coins + currency + bank account balances (Answer) e) all of the above Explain your answer: 3. Suppose 1 million Germans work as consultants in Spain and repatriate their earnings back to Germany. Then the value of their services counts a) as Spanish exports and German imports b) as...
Blogs Support estion 1 Which of the following statements about an oligopoly is true? Select one: 0 a. There is only one firm producing the good. O b. The equilibrium price is lower than that of perfect competition O c. The equilibrium price is higher than that of a monopoly O d. Total profits are always higher than that of a monopoly " t yet answered arked out of Flag question e. Firms decide how much to produce depending on...
19. Which of the following is included in government expenditures when measuring GDP? A) Social Security payments B) unemployment compensation payments C) pension payment made to past presidents D) the current president's salary 20. Transfer payments A) are included in the government expenditure category in gross domestic product. B) refer to all payments made to households by governments. C) refer to payments made by the government that are not made to purchase a good or service. D) are made by...
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