Homework Answers
Export (X) = $20 billion,
Import (M) = $30 billion.
Since export is less than the import, the nation is experiencing trade deficit of $10 billion.
Trade deficit = Import - Export.
Trade deficit = $10 billion.
So, the correct answer is an option (d).
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QUESTION 3 C=40+0.8Y 1, -15 40 x = x= 20 M:M 30 Advanced analysis) The equations...
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The data in columns 1 and 2 in the table below are for a private closed economy Instructions: For all parts, enter...
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So I know the equation for GDP is consumers+investement+Goverment spending +(X-M). but could someone break down...
So I know the equation for GDP is
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break down what qualfies as cosumer,investment,goverment spending?
and then solve ?
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C = 40 + 0.8Y I, = 60 - 2i i=i = 10 (Advanced analysis) The equations are for a private closed economy, where Cis consumption, Yis the gross domestic product, Ig is gross investment, and i is the interest rate. The equilibrium level of GDP in this economy is librium lewalysisti $240. $400.
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...
$40 15 20 22 24 Personal Taxes Social Security Contributions Taxes on Production and Imports Corporate Income Taxes Transfer Payments U.S. Exports Undistributed Corporate Profits Government Purchases Gross Private Domestic Investment U.S. Imports Personal Consumption Expenditures Consumption of Fixed Capital Net Foreign Factor Income Statistical Discrepancy 75 22 250 25 10 Refer to the accompanying data (all figures in billions of dollars). GDP is
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...
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So I know the equation for GDP is
consumers+investement+Goverment spending +(X-M). but could someone
break down what qualfies as cosumer,investment,goverment spending?
and then solve ?
Answer the question on the basis of the following national income data for the economy. All figures are in billions of dollars. Personal Consumption Expenditures $400 Government Purchases 128 Gross Private Domestic Investment 88 Net Exports Net Foreign Factor Income Consumption of Fixed Capital Taxes on Production and Imports Compensation of Employees 369 Rents Interest...
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