Homework Answers
From expenditure approach
Y=Aggregate expenditure=C+I+G+NX
Y=10+3+4+2-3=16 trillion
ans is A
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Suppose the following expenditures were made on goods and services produced in the United States in...
Problem 1 (10). The following table gives the values of different expenditures in the United States...
Problem 1 (10). The following table gives the values of different expenditures in the United States during 1999: Item Billions of dollars Consumption expenditures 6,258 Investment 1,623 Government purchases of goods and services 1,630 Exports of goods and services 998 Imports of goods and services 1,252 a. What is the value of net exports in 1999? b. What was (nominal) GDP equal to in 1999? c. What was the (nominal) value of total production equal to in 1999?
The following table shows data on consumption, Investments, exports, Imports, and government expenditures for the United...
The following table shows data on consumption, Investments, exports, Imports, and government expenditures for the United States in 2015, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. F in the missing cells in the table to calculate GDP using the expenditure approach. Consumption (C) Investment (1) Data (Billions of dollars) 12,283.7 3,056.6 2,264.3 2,786.3 Exports (X) Imports (M) Net Exports of Goods and Services Government Purchases (G) Gross Domestic Product (GDP) 3,218.3
The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2014, as published by the Bureau of Economic Analysis. All figures are in billions of dollars.
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2014, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach.Data (Billions of dollars) Consumption (C) 11,930.3Investment (I) 2,851.6Exports (X) 2,337.0Imports (M) 2,875.2Net Exports of Goods and Services Government Purchases (G) 3,175.2Gross Domestic Product (GDP)
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures...
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2017, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Consumption (C) Investment (I) Exports (X) Imports (M) Net Exports of Goods and Services Government Purchases (G) Gross Domestic Product (GDP) Data (Billions of dollars) 13,321.4 3,368.0 2,350.2...
7. Measuring GDP The following table shows data on personal consumption expenditures, gross private domestic investment,...
7. Measuring GDP The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government purchases of goods and services for the United States in 2009, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP by adding together the final demands of consumers, business firms, the government, and foreigners-a method of calculating GDP known as the expenditure approach....
3. Calculating GDP from raw economic data The following table shows data on personal consumption expenditures,...
3. Calculating GDP from raw economic data The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government consumption expenditures and gross investment for the United States in 2010, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the following table to calculate GDP. Components Personal Consumption Expenditures (CC) $10,417.1 Gross Private Domestic Investment (II) $1,818 Exports (XX) $1,935.3 Imports (MM) $2,435.5...
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures...
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2018, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Data (Billions of dollars) Consumption (C) Investment (I) Exports (X) Imports (M) Net Exports of Goods and Services Government Purchases (G) Gross Domestic Product (GDP) 13,948.5 3,650.1 2,531.3...
19. Which of the following is included in government expenditures when measuring GDP? A) Social Security...
19. Which of the following is included in government expenditures when measuring GDP? A) Social Security payments B) unemployment compensation payments C) pension payment made to past presidents D) the current president's salary 20. Transfer payments A) are included in the government expenditure category in gross domestic product. B) refer to all payments made to households by governments. C) refer to payments made by the government that are not made to purchase a good or service. D) are made by...
In the first quarter of 2020, the annualized nominal United States GDP components were as follows...
In the first quarter of 2020, the annualized nominal United States GDP components were as follows ($. billions): Personal Consumption (C) 14.583.3 Gross Private Domestic Investment (1) 3.629.0 Exports 2.420.9 Imports 2.945.6 Government Expenditures (G) 3.852.0 Calculate the value of Q2 2020 GDP based on these values and enter your response below:
Attempts: Keep the Highest 12 3. Calculating GDP from raw economic data The following table shows...
Attempts: Keep the Highest 12 3. Calculating GDP from raw economic data The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government consumption expenditures and gross investment for the United States in 2010, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. ♡ Fill in the missing cells in the following table to calculate GDP. Components Personal Consumption Expenditures (C) Gross Private Domestic Investment (I) Exports (X)...
The following table shows data on consumption, Investments, exports, Imports, and government expenditures for the United States in 2015, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. F in the missing cells in the table to calculate GDP using the expenditure approach. Consumption (C) Investment (1) Data (Billions of dollars) 12,283.7 3,056.6 2,264.3 2,786.3 Exports (X) Imports (M) Net Exports of Goods and Services Government Purchases (G) Gross Domestic Product (GDP) 3,218.3
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2017, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Consumption (C) Investment (I) Exports (X) Imports (M) Net Exports of Goods and Services Government Purchases (G) Gross Domestic Product (GDP) Data (Billions of dollars) 13,321.4 3,368.0 2,350.2...
7. Measuring GDP The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government purchases of goods and services for the United States in 2009, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP by adding together the final demands of consumers, business firms, the government, and foreigners-a method of calculating GDP known as the expenditure approach....
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2018, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Data (Billions of dollars) Consumption (C) Investment (I) Exports (X) Imports (M) Net Exports of Goods and Services Government Purchases (G) Gross Domestic Product (GDP) 13,948.5 3,650.1 2,531.3...
19. Which of the following is included in government expenditures when measuring GDP? A) Social Security payments B) unemployment compensation payments C) pension payment made to past presidents D) the current president's salary 20. Transfer payments A) are included in the government expenditure category in gross domestic product. B) refer to all payments made to households by governments. C) refer to payments made by the government that are not made to purchase a good or service. D) are made by...
In the first quarter of 2020, the annualized nominal United States GDP components were as follows ($. billions): Personal Consumption (C) 14.583.3 Gross Private Domestic Investment (1) 3.629.0 Exports 2.420.9 Imports 2.945.6 Government Expenditures (G) 3.852.0 Calculate the value of Q2 2020 GDP based on these values and enter your response below:
Attempts: Keep the Highest 12 3. Calculating GDP from raw economic data The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government consumption expenditures and gross investment for the United States in 2010, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. ♡ Fill in the missing cells in the following table to calculate GDP. Components Personal Consumption Expenditures (C) Gross Private Domestic Investment (I) Exports (X)...
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