Homework Answers
Net Exports = Exports - imports
Exports = 4000
imports = 3000
Net exports = 4000 - 3000 = 1000
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Pangea has $4,000 in Exports and $3,000 in Imports. Instructions: Enter a whole dollar amount. If...
Assignment Help The table below shows historical data on U.S. exports and imports of goods and...
Assignment Help The table below shows historical data on U.S. exports and imports of goods and services for five years. For each of these years, indicate whether the United States was running a trade surplus or deficit, and dollar amount of the surplus or deficit, and calculate thee ratio as a percent of the surplus or deficit to U.S. exports. Instructions: In the event a deficit, do NOT include a negative sign (-) for either the dollar amount or the...
Question 3 Suppose Kim purchases a new personal computer produced in China for $1,900. What is the effect on the compon...
Question 3 Suppose Kim purchases a new personal computer produced in China for $1,900. What is the effect on the components of GDP and GDP as a whole? Instructions: If there is no impact on that component enter a O for $0. If there is a positive contribution to the component enter in a the whole dollar amount. If there is a negative contribution to the component enter a negative sign before the dollar amount. Be sure all boxes include...
The data in columns 1 and 2 in the table below are for a private closed economy Instructions: For all parts, enter...
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...
The current account for a fictitious country is shown in the table below. The balance on...
The current account for a fictitious country is shown in the table below. The balance on the capital and financial account for this country is $12 billion. a. Fill in the missing values in the table. Instructions: Enter your answers as whole numbers. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. 654 -11 CURRENT ACCOUNT (in billions of dollars) (1) Goods exports (2) Goods imports (3) Balance on...
Table 20-2 GDP Domestic Expenditure Exports Imports Total Expenditures C + I + G + (X...
Table 20-2 GDP Domestic Expenditure Exports Imports Total Expenditures C + I + G + (X - IM) $650 650 650 $2,500 3,000 3,500 4,000 4,500 5,000 5,500 C+I+G $3,100 3,400 3,700 4,000 4,300 4,600 4,900 $250 300 350 400 450 500 In Table 20-2, what are net exports when GDP-3,500? O a. 400 PO b. 100 Doc.300 08.200
Exports of goods and services 600 Primary income received 30 Secondary income received 520 Imports of...
Exports of goods and services 600 Primary income received 30 Secondary income received 520 Imports of goods and services 290 Primary income paid abroad 260 Secondary income paid 50 Net acquisition of financial assets 530 Net incurrence of liabilities 130 Net change in financial derivatives -100 What is the trade balance? (Enter your response as a whole number.) What is the current account balance? (Enter your response as a whole number.) What is the financial account balance? (Enter your response...
A graph of net exports has a negative slope because net exports are a decreasing function...
A graph of net exports has a negative slope because net exports are a decreasing function of A. exports O B. imports. °C, output. :Trade sufplus D. domestic demand. Exports are not a function of output, Y, but of Y * which designates: OA. foreign income. OB. real exchange rate. C. domestic income. YTB BC Trade deficit NX D. nominal exchange rate.
The current account for a fictitious country is shown in the table below. The balance on...
The current account for a fictitious country is shown in the table below. The balance on the capital and financial account for this country is $302 billion. a. Fill in the missing values in the table. Instructions: Enter your answers as whole numbers. Use a negative sign if necessary. 1,128 -180 CURRENT ACCOUNT (in billions of dollars) (1) Goods exports (2) Goods imports (3) Balance on goods (4) Exports of services (5) Imports of services (6) Balance on services (7)...
You are the accountant for London Imports and Exports. The company imports and exports food and...
You are the accountant for London Imports and Exports. The company imports and exports food and candy items throughout the world. The company is finalizing its 3rd quarter financial results. All adjustments have been made for the 3rd quarter except the adjustment for Bad Debts Expense. The preliminary 3rd quarter results along with the 1st and 2nd quarter results are shown below. London Imports and Exports Quarterly Income Statements (amounts in thousands of U.S. dollars) Q3 (preliminary) Q2 (as reported)...
Problem 25-09 (algo) An economy with zero net exports is described below: C = 30 +...
Problem 25-09 (algo) An economy with zero net exports is described below: C = 30 + 0.9 (Y-T) P = 100 G = 150 NX = 0 T = 180 The multiplier in this economy is 10. a. Find short-run equilibrium output. Instructions: Enter your responses as whole numbers. Short-run equilibrium output: b. Economic recovery abroad increases the demand for the country's exports; as a result, NX rises to 25. Short-run equilibrium output (Click to select) to . C. Assume...
Assignment Help The table below shows historical data on U.S. exports and imports of goods and services for five years. For each of these years, indicate whether the United States was running a trade surplus or deficit, and dollar amount of the surplus or deficit, and calculate thee ratio as a percent of the surplus or deficit to U.S. exports. Instructions: In the event a deficit, do NOT include a negative sign (-) for either the dollar amount or the...
Question 3 Suppose Kim purchases a new personal computer produced in China for $1,900. What is the effect on the components of GDP and GDP as a whole? Instructions: If there is no impact on that component enter a O for $0. If there is a positive contribution to the component enter in a the whole dollar amount. If there is a negative contribution to the component enter a negative sign before the dollar amount. Be sure all boxes include...
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...
The current account for a fictitious country is shown in the table below. The balance on the capital and financial account for this country is $12 billion. a. Fill in the missing values in the table. Instructions: Enter your answers as whole numbers. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. 654 -11 CURRENT ACCOUNT (in billions of dollars) (1) Goods exports (2) Goods imports (3) Balance on...
Table 20-2 GDP Domestic Expenditure Exports Imports Total Expenditures C + I + G + (X - IM) $650 650 650 $2,500 3,000 3,500 4,000 4,500 5,000 5,500 C+I+G $3,100 3,400 3,700 4,000 4,300 4,600 4,900 $250 300 350 400 450 500 In Table 20-2, what are net exports when GDP-3,500? O a. 400 PO b. 100 Doc.300 08.200
Exports of goods and services 600 Primary income received 30 Secondary income received 520 Imports of goods and services 290 Primary income paid abroad 260 Secondary income paid 50 Net acquisition of financial assets 530 Net incurrence of liabilities 130 Net change in financial derivatives -100 What is the trade balance? (Enter your response as a whole number.) What is the current account balance? (Enter your response as a whole number.) What is the financial account balance? (Enter your response...
A graph of net exports has a negative slope because net exports are a decreasing function of A. exports O B. imports. °C, output. :Trade sufplus D. domestic demand. Exports are not a function of output, Y, but of Y * which designates: OA. foreign income. OB. real exchange rate. C. domestic income. YTB BC Trade deficit NX D. nominal exchange rate.
The current account for a fictitious country is shown in the table below. The balance on the capital and financial account for this country is $302 billion. a. Fill in the missing values in the table. Instructions: Enter your answers as whole numbers. Use a negative sign if necessary. 1,128 -180 CURRENT ACCOUNT (in billions of dollars) (1) Goods exports (2) Goods imports (3) Balance on goods (4) Exports of services (5) Imports of services (6) Balance on services (7)...
Problem 25-09 (algo) An economy with zero net exports is described below: C = 30 + 0.9 (Y-T) P = 100 G = 150 NX = 0 T = 180 The multiplier in this economy is 10. a. Find short-run equilibrium output. Instructions: Enter your responses as whole numbers. Short-run equilibrium output: b. Economic recovery abroad increases the demand for the country's exports; as a result, NX rises to 25. Short-run equilibrium output (Click to select) to . C. Assume...
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