Trade Deficits: Capital Deepening or Consumption? Suppose a country that had balanced trade began to run...
Trade Deficits: Capital Deepening or Consumption? Suppose a country that had balanced trade began to run a trade deficit. At the same time, consumption as a share of GDP increased but the investment share did not. Do you think there was an increase in capital deepening?
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Trade Deficits: Capital Deepening or Consumption? Suppose a
country that had balanced trade began to run...
In 2015, the country of Singsville had a balanced budget, no debt, and its GDP was...
In 2015, the country of Singsville had a balanced budget, no debt, and its GDP was $31500. In 2016, it spent $10000 and had $9000 in tax revenue, and its GDP increased to $36500. In 2017, it spent $14000 and had $10000 in tax revenue, and its GDP further increased to $44000. Did Singsville run a budget deficit or budget surplus in 2017? Surplus Deficit Neither What was Singsville's Debt-GDP ratio, expressed as a %, at the end of 2017?
1. Do you agree or disagree with the following statements a. Balanced trade is the difference...
1. Do you agree or disagree with the following statements a. Balanced trade is the difference between exports and imports b. If country A can out produce country B, then country A has no reason to trade c. Every country in the world experiences free trade d. There is no connection between Foreign direct investment and trade flows e. An accurate way to measure imports is to assign the value of a final good 2. Trade distortion effects increase estimates...
In 2019 Country A had a current account deficit of $1.2 billion. CountryA’s capital account was...
In 2019 Country A had a current account deficit of $1.2 billion. CountryA’s capital account was in a $100 million surplus. In addition, CountryA’s factors of production located in foreign countries earned $600 million.Country A had a trade deficit of $800 million. Assume Country A neithergave nor received unilateral transfers. Country A’s GDP was $9 billion.Answer the following questions about Country A in 2019. and show your work. (a) What happened to Country A’s net foreign assets during that year?Did...
Suppose that as an economist working for the Bureau of Labor Statistics you're given the following...
Suppose that as an economist working for the Bureau of Labor Statistics you're given the following information for the current year: Private Disposable Income -- Federal Budget Deficit National Saving Total Domestic Investment- Total Tax Revenue Depreciation Investment Transfer Payments Gov. Interest Payments Net Factor Payments $20,000 $2,000 $3,000 $12,000 $5,000 $3,000* $1,500 S0 $1,000 *Depreciation Investment is included in total investment. With these figures, compute the following: (a)What is the level of private saving and consumption in this economy?...
Suppose that as an economist working for the Bureau of Labor Statistics you're given the following...
Suppose that as an economist working for the Bureau of Labor Statistics you're given the following information for the current year: Private Disposable Income -- Federal Budget Deficit National Saving Total Domestic Investment- Total Tax Revenue Depreciation Investment Transfer Payments Gov. Interest Payments Net Factor Payments $20,000 $2,000 $3,000 $12,000 $5,000 $3,000* $1,500 S0 $1,000 *Depreciation Investment is included in total investment. With these figures, compute the following: (a)What is the level of private saving and consumption in this economy?...
Suppose the following are national accounts data for a given year for a fictitious country: $B AUD Consumption of fixed...
Suppose the following are national accounts data for a given year for a fictitious country: $B AUD Consumption of fixed capital ………………………………………………. 320 Gross private fixed capital formation……………………………………….. 785 Government consumption expenditure………………………………………. 585 Government investment expenditure………………………………………… 210 Imports of goods and services………………………………………………...565 Exports of goods and services………………………………………………...690 Household consumption expenditure………………………………………..3115 Net property and other income paid overseas………………………………….34 Returns to labour…………………………………………………………….2651 Firm profits………………………………………………………………….1687 Other factor rentals……………………………………………………………482 _____________________________________________________________________ (j) Suppose that tax revenues are $17 billion for the fiscal year, then what...
you're given the 3. Suppose that as an economist working for the Bureau of Labor Statistics...
you're given the 3. Suppose that as an economist working for the Bureau of Labor Statistics following information for the current year: Private Disposable Income Federal Budget Deficit National Saving Total Domestic Investment- Total Tax Revenue Depreciation Investment Transfer Payments Gov. Interest Payments $20,000 $2,000 $3,000 $12,000 $5,000 $3,000* $1,500 $0 Net Factor Payments $1,000 *Depreciation Investment is included in total investment. With these figures, compute the following: What is the level of private saving and consumption in this economy?...
2. Suppose that you are given the following data for the country of Donaldland: consumption ...
2. Suppose that you are given the following data for the country of Donaldland: consumption 14,000 net factor income from abroad 300 wages 11,000 interest payments 2,000 investment 3,600 capital consumption allowance 3,300 exports 2,500 government spending on goods 3,600 imports 3,100 and services profits 3,700 rental payments 800 From the data provided, find a. GDP using the expenditure approach. b. GNP and NNP. c....
Consider a small country that is closed to trade, so its net exports are equal to zero. The following equations describe the economy of this country in billions of dollars, where C is consumption, DI...
Consider a small country that is closed to trade, so its net exports are equal to zero. The following equations describe the economy of this country in billions of dollars, where C is consumption, DI is disposable income, I is investment, and G is government purchases:C=100+0.75×DI G= 50 I=80 Initially, this economy had a lump sum tax. Suppose net taxes were $40 billion, so that disposable income was equal to Y – 40, where Y is real GDP. In this...
ONLY 5-11 BELOW A5-10. Suppose the following aggregate expenditure model describes an economy: C = 100...
ONLY 5-11 BELOW A5-10. Suppose the following aggregate expenditure model describes an economy: C = 100 + (5/6)Yd T = (1/5)Y I = 200 G = 400 X = 300 IM = (1/3)Y where C is consumption, Yd is disposable income, T is taxes, Y is national income, I is investment, G is government spending, X is exports, and IM is imports. (a) Derive a numerical expression for aggregate expenditure (AE) as a function of Y. Calculate the equilibrium level...
In 2015, the country of Singsville had a balanced budget, no debt, and its GDP was $31500. In 2016, it spent $10000 and had $9000 in tax revenue, and its GDP increased to $36500. In 2017, it spent $14000 and had $10000 in tax revenue, and its GDP further increased to $44000. Did Singsville run a budget deficit or budget surplus in 2017? Surplus Deficit Neither What was Singsville's Debt-GDP ratio, expressed as a %, at the end of 2017?
Suppose that as an economist working for the Bureau of Labor Statistics you're given the following information for the current year: Private Disposable Income -- Federal Budget Deficit National Saving Total Domestic Investment- Total Tax Revenue Depreciation Investment Transfer Payments Gov. Interest Payments Net Factor Payments $20,000 $2,000 $3,000 $12,000 $5,000 $3,000* $1,500 S0 $1,000 *Depreciation Investment is included in total investment. With these figures, compute the following: (a)What is the level of private saving and consumption in this economy?...
Suppose that as an economist working for the Bureau of Labor Statistics you're given the following information for the current year: Private Disposable Income -- Federal Budget Deficit National Saving Total Domestic Investment- Total Tax Revenue Depreciation Investment Transfer Payments Gov. Interest Payments Net Factor Payments $20,000 $2,000 $3,000 $12,000 $5,000 $3,000* $1,500 S0 $1,000 *Depreciation Investment is included in total investment. With these figures, compute the following: (a)What is the level of private saving and consumption in this economy?...
you're given the 3. Suppose that as an economist working for the Bureau of Labor Statistics following information for the current year: Private Disposable Income Federal Budget Deficit National Saving Total Domestic Investment- Total Tax Revenue Depreciation Investment Transfer Payments Gov. Interest Payments $20,000 $2,000 $3,000 $12,000 $5,000 $3,000* $1,500 $0 Net Factor Payments $1,000 *Depreciation Investment is included in total investment. With these figures, compute the following: What is the level of private saving and consumption in this economy?...
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