Homework Answers
2.
Components of GDP are as follows:
Personal consumption expenditures
Government expenditures including gross investment
Gross private domestic investment
Net export of domestic goods and services
All of the given options are components of GDP. Therefore, the correct answer is D.
3.
A summary of the flow of funds between one country and all other countries involving foreign investment during a specific period of time is known as federal account. Therefore, the correct answer is A.
4.
Government spending on entitlement programs that must be funded according to the existing law is known as mandatory spending. Therefore, the correct answer is C.
5.
The congress and the president are the makers of fiscal policy. Therefore, the correct answer is D.
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d increasing business inventories is knows (A) financial engineering BJ capital formation C) asset allocation D)...
1. Government spending required by laws other than appropriation acts is also known as what? a....
1. Government spending required by laws other than appropriation acts is also known as what? a. Budget spending b. Mandatory spending c. Discretionary spending d. Deficit spending 2. Which of the following statements is true? a. Mandatory spending is determined by law and discretionary spending is determined by appropriation acts. b. Discretionary spending is determined by the president with advice from Congress, and mandatory spending is determined by the Supreme Court. c. Neither mandatory nor discretionary spending can be changed....
Question 9 In the context of the circular flow, the condition, S > I, implies: a....
Question 9 In the context of the circular flow, the condition, S > I, implies: a. macro equilibrium. b. a spending excess that will produce rising inventories. c. a spending shortfall that will produce rising inventories. d. a required reserve shortfall. Question 10 The fed funds market is a market: a. that is not affected by the Fed’s open market operations. b. in which a bank may borrow excess reserves overnight from another bank in order to cover a required...
Fiscal policy is the governments tax and spend policy. It is called discretionary fiscal policy because...
Fiscal policy is the governments tax and spend policy. It is called discretionary fiscal policy because it is at the discretion of Congress. All money bills originate in the House of Representatives. The basis of fiscal policy is the GDP (Gross Domestic Product) model which is also known as the aggregate expenditures model----GDP=C+Ig+Xn+G. This is supposed to measure the dollar amount of all goods and services produced in this country in one year. The C is consumer spending---that's you and me...
Macro Qu ×() TurboTax® Tax Preparat? : Topic: Motivation, comm x b4f3f9c7fad71 61487dc413a81 b59e7524/Downloads/Macro%20Quiz%202.pdf D) running...
Macro Qu ×() TurboTax® Tax Preparat? : Topic: Motivation, comm x b4f3f9c7fad71 61487dc413a81 b59e7524/Downloads/Macro%20Quiz%202.pdf D) running high deficits and raising consumer prices 29) When private expenditures spending, this is known as decrease as a result of increased government 29) A) the crowding out effect. B) government deficit spending. C) the stabilizer effect. D) the multiplier effect. 30) If other factors are held constant, what happens when the federal 30) government finances a growing budget deficit by increasing the amount it...
c. Keeping domestic animals when the owner knows or should know the anim d. All the...
c. Keeping domestic animals when the owner knows or should know the anim d. All the above 14. In the United States those who commit a crime are viewed as primarily causing harm to a. The government b. The society c. The family d. The victim 15. Which of the following in an appropriate case can be recovered as compensatory damages a. Lost wages b. pain and suffering c. medical expenses d. all the above 16. Lance is involved in...
16. to the wealth effect, an increase in the price level causes ease in real wealth and more purchases b. An incr C. A decrease d. rease in real wealth and fewer purchases se in real wealth and f...
16. to the wealth effect, an increase in the price level causes ease in real wealth and more purchases b. An incr C. A decrease d. rease in real wealth and fewer purchases se in real wealth and fewer purchases A decrease in r price level increase tends to reduce net exports, thereby reducing the amount of real goods a. The b. The international banner effect C. rvices purchased in the U.S. Economists refer to this phenomenon as international wealth...
18 19 20 C) the economy naturally self-regulates so as to attain full employment at its...
18 19 20
C) the economy naturally self-regulates so as to attain full employment at its equilibrium D) the short-run aggregate supply (SRAS) curve is always vertical. 18) In the classical model, an increase in the unemployment rate 18 A) will likely be temporary B) will result in an increase in the price level if the reduction in output is caused by a change in aggregate demand C) is a signal of demand-pull inflation. D) will persist when the reduction...
10. Challenge Problem. Following are data relating to a nation's operations last year. Capital consumption allowances...
10. Challenge Problem. Following are data relating to a nation's operations last year. Capital consumption allowances $150 million Undistributed corporate profits 40 million Personal consumption expenditures 450 million Personal savings 50 million Corporate inventory valuation adjustment 25 million Federal government deficit -30 million Government purchases of goods and services 10 million State and local governments surplus 1 million Net exports of goods and services -2 million Gross private domestic investment 200 million a. Determine the nation's gross domestic product (GDP)....
A.10,7000 Bil B.12,400 Bil C.12,300 Bil D.11,900Bil Please show me how you work this out. Saved...
A.10,7000 Bil
B.12,400 Bil
C.12,300 Bil
D.11,900Bil
Please show me how you work this out.
Saved Help Save & Table 5.3 National Income Accounts (dollar figures are in billions) Expenditures for consumer goods and services Exports Government purchases of goods and services Social Security taxes Net investment s RSS Indirect business taxes Imports Gross investment Corporate income taxes Personal income taxes Corporate retained earnings Net foreign factor income Government transfer payments to households Net interest payments to households $8,200 $1,700...
1. Assume unemployment is high and is a major problem in the United States. (a) In...
1. Assume unemployment is high and is a major problem in the United States. (a) In an effort to get unemployment back to its natural rate, the Federal Reserve enacts an expansionary monetary policy by purchasing $10 million in U.S. Treasury bonds. i. If the reserve ratio is 10 percent, what is the maximum increase in money supply that may occur as a result of the Fed's open market operation? Answer: ii. Give one reason why money supply may not...
Macro Qu ×() TurboTax® Tax Preparat? : Topic: Motivation, comm x b4f3f9c7fad71 61487dc413a81 b59e7524/Downloads/Macro%20Quiz%202.pdf D) running high deficits and raising consumer prices 29) When private expenditures spending, this is known as decrease as a result of increased government 29) A) the crowding out effect. B) government deficit spending. C) the stabilizer effect. D) the multiplier effect. 30) If other factors are held constant, what happens when the federal 30) government finances a growing budget deficit by increasing the amount it...
c. Keeping domestic animals when the owner knows or should know the anim d. All the above 14. In the United States those who commit a crime are viewed as primarily causing harm to a. The government b. The society c. The family d. The victim 15. Which of the following in an appropriate case can be recovered as compensatory damages a. Lost wages b. pain and suffering c. medical expenses d. all the above 16. Lance is involved in...
16. to the wealth effect, an increase in the price level causes ease in real wealth and more purchases b. An incr C. A decrease d. rease in real wealth and fewer purchases se in real wealth and fewer purchases A decrease in r price level increase tends to reduce net exports, thereby reducing the amount of real goods a. The b. The international banner effect C. rvices purchased in the U.S. Economists refer to this phenomenon as international wealth...
18 19 20
C) the economy naturally self-regulates so as to attain full employment at its equilibrium D) the short-run aggregate supply (SRAS) curve is always vertical. 18) In the classical model, an increase in the unemployment rate 18 A) will likely be temporary B) will result in an increase in the price level if the reduction in output is caused by a change in aggregate demand C) is a signal of demand-pull inflation. D) will persist when the reduction...
10. Challenge Problem. Following are data relating to a nation's operations last year. Capital consumption allowances $150 million Undistributed corporate profits 40 million Personal consumption expenditures 450 million Personal savings 50 million Corporate inventory valuation adjustment 25 million Federal government deficit -30 million Government purchases of goods and services 10 million State and local governments surplus 1 million Net exports of goods and services -2 million Gross private domestic investment 200 million a. Determine the nation's gross domestic product (GDP)....
A.10,7000 Bil
B.12,400 Bil
C.12,300 Bil
D.11,900Bil
Please show me how you work this out.
Saved Help Save & Table 5.3 National Income Accounts (dollar figures are in billions) Expenditures for consumer goods and services Exports Government purchases of goods and services Social Security taxes Net investment s RSS Indirect business taxes Imports Gross investment Corporate income taxes Personal income taxes Corporate retained earnings Net foreign factor income Government transfer payments to households Net interest payments to households $8,200 $1,700...
1. Assume unemployment is high and is a major problem in the United States. (a) In an effort to get unemployment back to its natural rate, the Federal Reserve enacts an expansionary monetary policy by purchasing $10 million in U.S. Treasury bonds. i. If the reserve ratio is 10 percent, what is the maximum increase in money supply that may occur as a result of the Fed's open market operation? Answer: ii. Give one reason why money supply may not...
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