Suppose: Consumption is $50 Investment is $10 Government Spending is $20 Imports are $5 Exports are...
Suppose: Consumption is $50 Investment is $10 Government Spending is $20 Imports are $5 Exports are $5 The value of GDP is $____. Write the answer as a number. Do not include the dollar sign or decimals.
Homework Answers
GDP is calculated by adding consumption, government spending, investment and net exports.
GDP = C+G+I+NX = 50+20+10+(5-5) = 80
So, the value of GDP is $80.
Add Answer to:
Suppose: Consumption is $50 Investment is $10 Government
Spending is $20 Imports are $5 Exports are...
How much is national saving Consumption Spending 60 Investment Spending 30 Government Spending 20 Taxes 10 Exports of Goods and Services 40 Imports of Goods and Services 50 Net Primary Income 25...
How much is national saving Consumption Spending 60 Investment Spending 30 Government Spending 20 Taxes 10 Exports of Goods and Services 40 Imports of Goods and Services 50 Net Primary Income 25 Net Secondary Income 10
How much is national saving Consumption Spending 60 Investment Spending 30 Government Spending 20 Taxes 10 Exports of Goods and Services 40 Imports of Goods and Services 50 Net Primary Income 25 Net Secondary Income 10
QUESTION 3 Tribons of dolers GDP Consumption Government spending Exports Imports Budget balance Given the values...
QUESTION 3 Tribons of dolers GDP Consumption Government spending Exports Imports Budget balance Given the values in the table, and assuming transfer payments trillion (Round to one decimal place.) , compute the value of private saving. Private saving QUESTION 4 Trons GDP Consumption Government pending Exports Imports Budget balance What is the value of national savings for the hypothetical economy whose data is given in the table? National Savings trillion.(Round to one decimal place.) 5 QUESTION 5 Tribons of dollars...
$800 000 Wages paid to labour Household consumption spending Government Transfers Investment spending Government spending on...
$800 000 Wages paid to labour Household consumption spending Government Transfers Investment spending Government spending on goods & services Exports Imports Taxes Profits 50 000 250 000 200 000 300 000 250 000 250 000 200 000 If GDP equals $1100000, then consumption spending is equal to $ A Do not include any commas or spaces in your answer.
1 The components of total spending are A.consumption, investment, exports, and imports. B.consumption, investment, government spending,...
1 The components of total spending are A.consumption, investment, exports, and imports. B.consumption, investment, government spending, and net exports. C.consumption, imports, investment, and the money supply. D.investment, intermediate goods, and factors of production. 2 Why are imports subtracted when GDP is calculated in the expenditure approach? A.They are produced abroad, and GDP only counts domestic production. B.They do not go through formal markets and thus cannot be counted in GDP. C.They are not part of consumption in the domestic economy....
Fill in the following table: GNP Total Output Consumption Consumption Investment Spending Government Spending Exports Imports...
Fill in the following table: GNP Total Output Consumption Consumption Investment Spending Government Spending Exports Imports 100 25 10 10 20 115 75 12 14 16 120 70 25 20 30 69 58 10 10 32 135 75 30 35 25 140 140 140 140 140 940 140 200 300 200 1150 600 300 200 150 1250 700 200 200 150 680 500 80 300 100
Question 11 (20 points) $550 Consumption Investment Exports Imports Government Spending Taxcs $200 $60 $90 $100...
Question 11 (20 points) $550 Consumption Investment Exports Imports Government Spending Taxcs $200 $60 $90 $100 $70 Potential Real Output (Long $800 run Real Output) The above macroeconomic data are from the economy in 2019. Dollar values are measured in billions of 2019 dollars. (a) Is the economy facing a recessionary gap, an inflationary gap. or or heither? Explain using numbers. (b) Based on your answer to part (a), how will the economy adjust in the long run in the...
The following table shows data on consumption, investment, exports, imports, and government expenditures for Canada in...
The following table shows data on consumption, investment, exports, imports, and government expenditures for Canada in 2008, as published by Statistics Canada. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Note: Type in the results without rounding off numbers. Personal consumption expenditures (C) Gross private domestic investment (I) Exports (X) Imports (M) Net exports of goods and services Government consumption expenditures and gross investment (G) Gross...
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...
Question 33 (20 points) Consumption $550 Investment $200 Exports $60 Imports $90 Government Spending $100 Taxes...
Question 33 (20 points) Consumption $550 Investment $200 Exports $60 Imports $90 Government Spending $100 Taxes $70 Potential Real Output (Long $800 run Real Output) The above macroeconomic data are from the economy in 2019. Dollar values are measured in billions of 2019 dollars. (a) is the economy facing a recessionary gap, an inflationary gap, or neither? Explain using numbers. (b) Based on your answer to part (a), how will the economy adjust in the long run in the absence...
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
How much is national saving Consumption Spending 60 Investment Spending 30 Government Spending 20 Taxes 10 Exports of Goods and Services 40 Imports of Goods and Services 50 Net Primary Income 25 Net Secondary Income 10
How much is national saving Consumption Spending 60 Investment Spending 30 Government Spending 20 Taxes 10 Exports of Goods and Services 40 Imports of Goods and Services 50 Net Primary Income 25 Net Secondary Income 10
QUESTION 3 Tribons of dolers GDP Consumption Government spending Exports Imports Budget balance Given the values in the table, and assuming transfer payments trillion (Round to one decimal place.) , compute the value of private saving. Private saving QUESTION 4 Trons GDP Consumption Government pending Exports Imports Budget balance What is the value of national savings for the hypothetical economy whose data is given in the table? National Savings trillion.(Round to one decimal place.) 5 QUESTION 5 Tribons of dollars...
$800 000 Wages paid to labour Household consumption spending Government Transfers Investment spending Government spending on goods & services Exports Imports Taxes Profits 50 000 250 000 200 000 300 000 250 000 250 000 200 000 If GDP equals $1100000, then consumption spending is equal to $ A Do not include any commas or spaces in your answer.
Question 11 (20 points) $550 Consumption Investment Exports Imports Government Spending Taxcs $200 $60 $90 $100 $70 Potential Real Output (Long $800 run Real Output) The above macroeconomic data are from the economy in 2019. Dollar values are measured in billions of 2019 dollars. (a) Is the economy facing a recessionary gap, an inflationary gap. or or heither? Explain using numbers. (b) Based on your answer to part (a), how will the economy adjust in the long run in the...
The following table shows data on consumption, investment, exports, imports, and government expenditures for Canada in 2008, as published by Statistics Canada. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Note: Type in the results without rounding off numbers. Personal consumption expenditures (C) Gross private domestic investment (I) Exports (X) Imports (M) Net exports of goods and services Government consumption expenditures and gross investment (G) Gross...
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...
Question 33 (20 points) Consumption $550 Investment $200 Exports $60 Imports $90 Government Spending $100 Taxes $70 Potential Real Output (Long $800 run Real Output) The above macroeconomic data are from the economy in 2019. Dollar values are measured in billions of 2019 dollars. (a) is the economy facing a recessionary gap, an inflationary gap, or neither? Explain using numbers. (b) Based on your answer to part (a), how will the economy adjust in the long run in the absence...
Most questions answered within 3 hours.
-
The structure Car is declared as follows: struct Car { string
carMake; string carModel; int yearModel;...
asked 3 minutes ago -
Consider a transformer with 125 turns of wire in the primary
winding and 1475 turns of...
asked 4 minutes ago -
Let h be the depth below the surface of the ocean at which the
absolute pressure...
asked 5 minutes ago -
Apply the four-stage New Product Development model shown in page
325 of your text book
(Concept...
asked 14 minutes ago -
An enzyme catalyzes the reaction A ⇌ B. The enzyme is present at
a concentration of...
asked 22 minutes ago -
The number of years of education of self-employed individuals in
the United States has a population...
asked 50 minutes ago -
Using the TI-84 calculator, find the area under the standard
normal curve that lies outside the...
asked 37 minutes ago -
You are considering the purchase of a share of Edie's common
stock. You expect to sell...
asked 38 minutes ago -
Assembly Programming
INCLUDE Irvine32.inc
Make a program that takes a string and a word as inputs...
asked 47 minutes ago -
Can I get a C++ code and output for this program using classes
instead of using...
asked 52 minutes ago -
A 4.0 L flask containing chlorine gas is connected to an
evacuated 3.0 L flask. If...
asked 1 hour ago -
Write an essay containing your thoughts on
whether corporations should be limited in the amount of...
asked 1 hour ago