The COVID-19 Pandemic has reduced consumer income. As a result we can expect consumption spending to...

Question

Question

The COVID-19 Pandemic has reduced consumer income. As a result we can expect consumption spending to [Select) We can also exp

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Solution: decrease, decrease, increase
Explanation: A decline in income causes a fall in consumption spending. The lesser demand reduces the imports and increases the exports and as a result the net exports increases

Add a comment

Answer 2

Similar Homework Help Questions

The COVID-19 Pandemic has reduced consumer income. As a result we can expect consumption spending to...

The COVID-19 Pandemic has reduced consumer income. As a result we can expect consumption spending to [Select] We can also expect spending on imported goods to [Select) and the value of net export spending will [Select) Across a forty-year period the price of gas increased from 35 cents to $1.26. At the same time, the consumer price index increased from 40.2 to 124.62. Across the forty-year period, the nominal price of gas_and the real price of gas increased : decreased...
During the COVID-19 Pandemic the government increases its spending and leaves taxes unchanged. As a result,...

During the COVID-19 Pandemic the government increases its spending and leaves taxes unchanged. As a result, they can expect the budget deficit to (Select] This change in the budget deficit will cause the demand for funds to [Select] and therefore, we can expect interest rates to [Select) [ Select) increase Next « Previous decrease The banking system in a country has a required reserve ratio equal to 10.24%. A bank has deposits of $4,883 and total reserves of $1,092 What...
Question 37 1.67 pts In the labor market, the adjusts to balance the quantity of labor...

Question 37 1.67 pts In the labor market, the adjusts to balance the quantity of labor supplied and the quantity of labor demanded minimum wage O efficiency average wape paid to the workers interest rate • Previous Net Not saved mour A 561 w ] 20 F3 F 9 % 5 8 # 3 7 6 4 2 Р T Y 20 W E J K H G F. S D M Question 38 167 Which of the following would...

If personal income tax rates are decreased in an attempt to stimulate spending, we should expect...

If personal income tax rates are decreased in an attempt to stimulate spending, we should expect to see a. a decrease in consumption and an increase in GDP. b. an increase in consumption and an increase in GDP. O can increase in consumption and a decrease in GDP d. a decrease in consumption and a decrease in GDP.
please answer all The components of GDP are: Select one: O a. Consumption, government spending, net...

please answer all The components of GDP are: Select one: O a. Consumption, government spending, net exports, and investment. O b. Exports, imports, investment, and disposable income. O c. Consumption, exports, imports, and disposable income. O d. Consumption, inventory, government spending, and disposable income. Question 19 Not yet answered Points out of 1.00 P Flag question The crowding out effect refers to a decrease in: Select one: O a. Consumption or investment as a result of an increase in government...
CAN YOU EXPLAIN HOW COVID 19 HAS IMPACTED JOBS AND UNEMPLOYMENT,CONSUMER AND BUSINESS SPENDING ,GDP AND...

CAN YOU EXPLAIN HOW COVID 19 HAS IMPACTED JOBS AND UNEMPLOYMENT,CONSUMER AND BUSINESS SPENDING ,GDP AND ECONOMICS GROWTH AS WELL AS HOW IT HAS IMPACTED SPECIFIC INDUSTRIES SUCH AS TRAVEL AND LEISURE OIL PRODUCTION ,RESTAURENTS AND SERVICES AND HEALTH CARE .THE ANSWER SHOULD INCLUDE GOVERNMENT POLICY RESPONSES .

Question 5 (1 point) Which of the following is not a result we would expect to...

Question 5 (1 point) Which of the following is not a result we would expect to result from a tariff on leather shoes? The price of leather shoes in the U.S. would increase The amount of shoes imported into the US. would decline. Fewer pairs of shoes would be sold in the U.S. Domestic producers would sell fewer shoes at the higher prices Question 6 (1 point) Which of the following arguments in favor of trade restrictions is of questionable...
Question 9 1 pts Logan Roy is spending all his money income by buying mineral water...

Question 9 1 pts Logan Roy is spending all his money income by buying mineral water and popcorn. At his current consumption level, the marginal utility of mineral water is 70 and the marginal utility of popcorn is 60. The price of a bottle of mineral water is $2.00 and the price of a box of popcorn is $1.50. The utility-maximizing rule suggests that Logan should: O Increase consumption of popcorn and increase consumption of mineral water Decrease consumption of...
Question 1: (20) The Covid-19 pandemic and the lockdown that followed have served as multiple shocks...

Question 1: (20) The Covid-19 pandemic and the lockdown that followed have served as multiple shocks to the South African economy. The initial 5-week lockdown limited mobility of people and the availability of goods and services, leading to contractions in aggregate demand and supply. Policymakers have responded with expansionary fiscal and monetary policy. The government has implemented a R500bn support package and the Reserve Bank has reduced the repo rate and extended liquidity in the bond market. Apply any, or...

The net export function illustrates that:A) net exports are a positive function of domestic income....

The net export function illustrates that:A) net exports are a positive function of domestic income.B) net exports are independent of domestic income.C) net exports are a negative function of domestic income.D) imports are independent of domestic income.E) exports are independent of foreign income. Suppose the marginal propensity to import for country A is 0.4. Calculate the change in total value of imports of the country if national income increases by $100,000.A) $16,000B) $20,000C) $60,000D) $40,000E) $25,000 An MPI of 0.4 indicates that...

The COVID-19 Pandemic has reduced consumer income. As a result we can expect consumption spending to...

Homework Answers

Add Answer to:
The COVID-19 Pandemic has reduced consumer income. As a result we can expect consumption spending to...

Post as a guest

Earn Coins

The COVID-19 Pandemic has reduced consumer income. As a result we can expect consumption spending to...

During the COVID-19 Pandemic the government increases its spending and leaves taxes unchanged. As a result,...

Question 37 1.67 pts In the labor market, the adjusts to balance the quantity of labor...

If personal income tax rates are decreased in an attempt to stimulate spending, we should expect...

please answer all The components of GDP are: Select one: O a. Consumption, government spending, net...

CAN YOU EXPLAIN HOW COVID 19 HAS IMPACTED JOBS AND UNEMPLOYMENT,CONSUMER AND BUSINESS SPENDING ,GDP AND...

Question 5 (1 point) Which of the following is not a result we would expect to...

Question 9 1 pts Logan Roy is spending all his money income by buying mineral water...

Question 1: (20) The Covid-19 pandemic and the lockdown that followed have served as multiple shocks...

The net export function illustrates that:A) net exports are a positive function of domestic income....

The COVID-19 Pandemic has reduced consumer income. As a result we can expect consumption spending to...

Homework Answers

Add Answer to: The COVID-19 Pandemic has reduced consumer income. As a result we can expect consumption spending to...

Post as a guest

Earn Coins

Add Answer to:
The COVID-19 Pandemic has reduced consumer income. As a result we can expect consumption spending to...