Homework Answers
Ans. GDP = Consumption (C) + Investment (I) + Government Expenditure (G) + Net Export ( NX)
GDP = Consumption
( Durable goods + Non-durable goods + Services )
+ Gross Private Investment
+ Government Expenditure
( Federal government consumption + State and Local government consumption )
+ Net Export
( Export-Import )
GDP = (1,170 + 2,815 + 5.584 ) + 2,413 + (1,628 + 1,100) + ( 337 - 1,150 )
GDP = 9,569 + 2,413 + 2,728 + ( - 813 )
GDP = 13,897
Hence, the value of the GDP is 13,897.
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8. The income approach The following table shows macroeconomic data for a hypothetical country. All figures...
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help 1. What is the value of "Net Exports"? 2. What is the amount of GDP?...
help
1. What is the value of "Net Exports"? 2. What is the amount of GDP? 3. The largest component of GDP is consumer spending. What percentage of GDP is consumer spending? (round off and format your answer as: 99% ) 4. What is the value of government transfers to households? 5. What is the value of Capital Inflow from R.O.W.? 6. What is the value of the net Capital flow between the U.S. and the R.O.W? (enter your number...
04: U.S. Bureau of Economic Analysis (BEA) publishes data for GDP with the breakdown of all...
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2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED....
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED. For the real GDP, the data online is chain-weighted and uses 2012 as the base year. In the lecture hursday, I showed you the detailed method and calculated the new chain-weighted real GDP when 1990 is the base year. You are required to calculate a new sequence of chain- weighted real GDP given a new base-year. The base year you should use in your...
I 1) Gross Domestic Product (GDP) is A) the total wholesale value of all final goods and services produced by factors of production owned by citizens of a nation B) the total market value of all services produced by factors of production located within a nation's borders. C) the total market value of all goods produced within a nation's borders D) the total market value of all final goods and services produced by factors of production located within a nation's...
8. The income approach The following table shows macroeconomic data for a hypothetical country. All figures are in billions of dollars. Billions of Dollars $2,300 Gross private domestic investment Depreciation Exports $1,987 $3,120 $200 $4,521 Imports Government purchases of goods and services Personal consumption expenditures Indirect business taxes and misc. items Income received from other countries $6,300 $1,341 $1,118 $1,022 $8,174 $1,895 Income paid to other countries Compensation of employees (wages) Corporate profits Rental income Net interest Proprietors' income $365...
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help
1. What is the value of "Net Exports"? 2. What is the amount of GDP? 3. The largest component of GDP is consumer spending. What percentage of GDP is consumer spending? (round off and format your answer as: 99% ) 4. What is the value of government transfers to households? 5. What is the value of Capital Inflow from R.O.W.? 6. What is the value of the net Capital flow between the U.S. and the R.O.W? (enter your number...
04: U.S. Bureau of Economic Analysis (BEA) publishes data for GDP with the breakdown of all the components of GDP. Visit their website by clicking on the following link a. Based on the table, what are the components that are listed as part of the consumption. You do not need to provide the values only names are enough. b. Based on the table, what are the components that are listed as part of the investment. You do not need to...
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED. For the real GDP, the data online is chain-weighted and uses 2012 as the base year. In the lecture hursday, I showed you the detailed method and calculated the new chain-weighted real GDP when 1990 is the base year. You are required to calculate a new sequence of chain- weighted real GDP given a new base-year. The base year you should use in your...
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