Homework Answers
Legal Immigration of Indian professional in ICT, scientists,medical, and other knowledge based industries increasing goods and services in USA and giving boost to the GDP in the form of USA export growth of goods and services .These professional send money in India in the form of remittances and boost indias economy as well.
These immigrants residing in the country demands for things in their native or origin country like indian food, clothes, other items associated with their life style. Which may increase import of USA in some sector.
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2. Give an example of immigration increasing exports to the source country and an example...
Suppose that in the country of Economia: Net Investment = $30 billion, Exports = $50b, Government...
Suppose that in the country of Economia: Net Investment = $30 billion, Exports = $50b, Government Expenditure = $70b, Imports = $40b, Consumption = $120 billion, and GDP = $280 billion. What does Depreciation equal in Economia? Select one: O a. $120 billion b. $100 billion C. $80 billion O d. $70 billion e. $50 billion
If country X has imports valued at $0.4 trillion, exports valued at $4.7 trillion, and GDP...
If country X has imports valued at $0.4 trillion, exports valued at $4.7 trillion, and GDP valued at $11 trillion, calculate the index of openness for country X. Round to two decimal places. In the figure above, A=33, B=26, C=21, D=8.2, E=11.4, F=14.3, G=17.6, H=20.2. What's the loss in consumer surplus when moving from free trade to the quota price? Enter as a positive number and round to two decimal places.
Chapter 7 10. Defin production. How are net exports negative amount. e net exports. Explain how...
Chapter 7 10. Defin production. How are net exports negative amount. e net exports. Explain how U.S. exports and imports each affect domestic determined? Explain how net exports might be a 11. Contrast other for comparing changes in the standard of living over a the ideas of nominal GDP and real GDP. Why is one more reliable than the series of years? What is the price index and what is its role in differentiating nominal GDP and real GDP? 12....
There are two countries (Country X and Country Y) and two goods (T-shirts and calculators). Country...
There are two countries (Country X and Country Y) and two goods
(T-shirts and calculators). Country X imports T-shirts and exports
calculators and Country Y exports T-shirts and imports calculators.
The diagram on the right depicts the international market for
T-shirts. A calculator costs $90.
Under free trade, what is Country X’s terms of trade? (Give a
numerical answer.)
If Country X imposes a $6 tariff on T- shirts, what are its new
terms of trade? (Give a numerical answer....
Which country exports good X, which country imports good X? Explain Mark is the relative price...
Which country exports good X, which country imports good X?
Explain
Mark is the relative price line for country A and country B in
the graph before trade.
At Autarky (pre-trade), which point represents production point
for country A? Which point represent consumption point for country
A?
At Autarky (pre-trade), which point represents production point
for country B? Which point represent consumption point for country
B?
With free trade, which point represents production point for
country A? Which point represent...
1) The following information were taken from the Economic Data of a country Gragea: CONSUMPTION ---...
1) The following information were taken from the Economic Data of a country Gragea: CONSUMPTION --- $2000, INVESTMENT .. $3200, GOVERNMENT SPENDING-- $5000, EXPORTS-- $9000, Imports--- $3000, NET EXPORTS - $6000 AND Money from Abroad but own by citizens of Gragea - $4000, and Consumtion Allowance (Depreciation) = $1000, CALCULATE : A) WHAT IS THE GDP? B) GNP? C) Net GDP? D) Net GNP?
1. 2. During 2013, a country reported that its real GDP increased by $3.0 billion. If...
1.
2.
During 2013, a country reported that its real GDP increased by $3.0 billion. If the slope of its aggregate planned expenditure curve is 0.9, then which of the following might have led to the increase in real GDP? Exports increased by $0.3 billion. Exports decreased by $0.3 billion. Investment decreased by $0.3 billion. o Imports increased by $0.3 billion. Government expenditure on goods and services increased by $3 billion. During 2013, exports increase from $1.0 trillion to $1.5...
International Trade Case
Countries measure the health of their economies in many ways such as unemployment rates, consumer confidence, and Gross Domestic Product (GDP). Gross Domestic Product is a measurement of the amount of goods produced by a country in one year. If that number increases, our economy is growing, whereas a decrease would indicate a shrinking economy. To calculate expenditure GDP we add up all of the groups who buy goods in the economy (GDP = C + I + G +...
2. Variation NL For Country A the dennand and supply for food are given by Qda-520-200P and Qsa =-80 + 100P. respectively. Analogously, Qdb-900-300P and Qsb-600P are the curves for Country B. Usi...
2. Variation NL For Country A the dennand and supply for food are given by Qda-520-200P and Qsa =-80 + 100P. respectively. Analogously, Qdb-900-300P and Qsb-600P are the curves for Country B. Using this information answer the following questions, keeping you answers as precise as possible either by working with fractions or using about 5 decimal places. (a) Find domestic equilibria (prices and quantities) before international trade starts. (b) Next, find international trade equilibrium: the international price and the quantity...
ANSWER ONLY QUESTION 2 1. A country exports the same amount as it imports, hence net...
ANSWER ONLY QUESTION 2 1. A country exports the same amount as it imports, hence net exports =0. The following equations describe its national accounts: National Accounts Expenditure Identity: Y = C + G + 1 Household Consumption: C = 180 +0.61Y -T) Government Expenditure: G=600 Private Sector Investment: I=1000-200R, R=2 Tax Revenue: T=0.17 (a) Find Y, T, C (b) Compute C/Y, G/Y and I/Y (percentage) (c) Find the government deficit: D= G-T 2. Re-solve for Y in exercise 1.,...
Suppose that in the country of Economia: Net Investment = $30 billion, Exports = $50b, Government Expenditure = $70b, Imports = $40b, Consumption = $120 billion, and GDP = $280 billion. What does Depreciation equal in Economia? Select one: O a. $120 billion b. $100 billion C. $80 billion O d. $70 billion e. $50 billion
If country X has imports valued at $0.4 trillion, exports valued at $4.7 trillion, and GDP valued at $11 trillion, calculate the index of openness for country X. Round to two decimal places. In the figure above, A=33, B=26, C=21, D=8.2, E=11.4, F=14.3, G=17.6, H=20.2. What's the loss in consumer surplus when moving from free trade to the quota price? Enter as a positive number and round to two decimal places.
Chapter 7 10. Defin production. How are net exports negative amount. e net exports. Explain how U.S. exports and imports each affect domestic determined? Explain how net exports might be a 11. Contrast other for comparing changes in the standard of living over a the ideas of nominal GDP and real GDP. Why is one more reliable than the series of years? What is the price index and what is its role in differentiating nominal GDP and real GDP? 12....
There are two countries (Country X and Country Y) and two goods
(T-shirts and calculators). Country X imports T-shirts and exports
calculators and Country Y exports T-shirts and imports calculators.
The diagram on the right depicts the international market for
T-shirts. A calculator costs $90.
Under free trade, what is Country X’s terms of trade? (Give a
numerical answer.)
If Country X imposes a $6 tariff on T- shirts, what are its new
terms of trade? (Give a numerical answer....
Which country exports good X, which country imports good X?
Explain
Mark is the relative price line for country A and country B in
the graph before trade.
At Autarky (pre-trade), which point represents production point
for country A? Which point represent consumption point for country
A?
At Autarky (pre-trade), which point represents production point
for country B? Which point represent consumption point for country
B?
With free trade, which point represents production point for
country A? Which point represent...
1) The following information were taken from the Economic Data of a country Gragea: CONSUMPTION --- $2000, INVESTMENT .. $3200, GOVERNMENT SPENDING-- $5000, EXPORTS-- $9000, Imports--- $3000, NET EXPORTS - $6000 AND Money from Abroad but own by citizens of Gragea - $4000, and Consumtion Allowance (Depreciation) = $1000, CALCULATE : A) WHAT IS THE GDP? B) GNP? C) Net GDP? D) Net GNP?
1.
2.
During 2013, a country reported that its real GDP increased by $3.0 billion. If the slope of its aggregate planned expenditure curve is 0.9, then which of the following might have led to the increase in real GDP? Exports increased by $0.3 billion. Exports decreased by $0.3 billion. Investment decreased by $0.3 billion. o Imports increased by $0.3 billion. Government expenditure on goods and services increased by $3 billion. During 2013, exports increase from $1.0 trillion to $1.5...
2. Variation NL For Country A the dennand and supply for food are given by Qda-520-200P and Qsa =-80 + 100P. respectively. Analogously, Qdb-900-300P and Qsb-600P are the curves for Country B. Using this information answer the following questions, keeping you answers as precise as possible either by working with fractions or using about 5 decimal places. (a) Find domestic equilibria (prices and quantities) before international trade starts. (b) Next, find international trade equilibrium: the international price and the quantity...
ANSWER ONLY QUESTION 2 1. A country exports the same amount as it imports, hence net exports =0. The following equations describe its national accounts: National Accounts Expenditure Identity: Y = C + G + 1 Household Consumption: C = 180 +0.61Y -T) Government Expenditure: G=600 Private Sector Investment: I=1000-200R, R=2 Tax Revenue: T=0.17 (a) Find Y, T, C (b) Compute C/Y, G/Y and I/Y (percentage) (c) Find the government deficit: D= G-T 2. Re-solve for Y in exercise 1.,...
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