Homework Answers
Answer. : C (Canadian households government and business sector trade goods and services with individuals/firms from other countries)
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Question 45 1 pts Assume that the Canadian economy is an open economy. Given this information,...
31. Starting from a small open economy with balanced trade, if large foreign countries increase their domestic gover...
31. Starting from a small open economy with balanced trade, if large foreign countries increase their domestic government purchases, this policy will tend to increase: A) investment in the small open economy. B) saving in the small open economy. C) exports by the small open economy. D) imports by the small open economy.
Balance of Payments (Billions of s) Current Accounts Canadian merchandise exports Canadian mercha...
Balance of Payments (Billions of s) Current Accounts Canadian merchandise exports Canadian merchandise imports Merchandise trade balance Canadian service exports Canadian service imports Services balance Goods and services balance Net investment income from abroad Net unilateral transfers Current account balance +65 -96 +55 +10 Financial Accounts Change in Canadian-owned assets abroad Change in foreign-owned assets in Canadian Financial account balance -16 +45 Statistical discrepancy Trade balance 0 Suppose a Canadian citizen gives money to her nephew in Belgium. This would...
International Trade Case
Countries measure the health of their economies in many ways such as unemployment rates, consumer confidence, and Gross Domestic Product (GDP). Gross Domestic Product is a measurement of the amount of goods produced by a country in one year. If that number increases, our economy is growing, whereas a decrease would indicate a shrinking economy. To calculate expenditure GDP we add up all of the groups who buy goods in the economy (GDP = C + I + G +...
OPtions Blank 1: open, Closed Blank 2: 41.3%, 39.1%, 36.2%, 40.2% Blank 3: Surplus, Deifcit Blank...
OPtions
Blank 1: open, Closed
Blank 2: 41.3%, 39.1%, 36.2%, 40.2%
Blank 3: Surplus, Deifcit
Blank 4: € 257 billion, € 316 billion, € 294 billion, € 251
billion
Blank 5: 25.3%, 26.5%, 27.6%, 25.6%
Suppose you have the following data from Germany's national income and product accounts Billions of Euros Gross national disposable income Personal consumption Investment Government consumption Imports of goods and services Exports of goods and services Factor service imports Factor service exports Unilateral transfers to other...
You are given the following information. Durable good consumption Residential investment 462 526 987 1259 45...
You are given the following information. Durable good consumption Residential investment 462 526 987 1259 45 7863 66 Imports Government expenditure Receipts of factor income from abroad Personal income Nonresidential investment Nondurable goods Exports Services Depreciation Change in inventories Payments of factor income abroad 893 1056 7638 125 26 59 Personal taxes 2538 Do we have a trade deficit or trade surplus?
Question 24 This question has two parts: A and B A. Many countries design and implement...
Question 24 This question has two parts: A and B A. Many countries design and implement a trade policy when dealing with import of goods and services from foreign markets. Explain why some countries would want to restrict imports and suggest how these countries implement restrictions of imports (6 marks) B. Country X is a small island open economy. National income details are calculated as follows: Consumption expenditure (0)5300. Government expenditure (G) $250. Investment spending 00 $350. exports $15000 and...
What's the step by step solution? 1 / 1 point Question 29 Assume the following information...
What's the step by step solution?
1 / 1 point Question 29 Assume the following information for an economy 1000 400 300 500 750 200 Consumption expenditure Government purchases of goods and services Government payments to retirees Exports Imports Household purchases of non-durable goods Beginning-of-year inventory of stocks End-of-year inventory of stocks Business fixed investment Construction of new homes and apartments Sale of existing homes and apartments 100 200 450 1000 800 What is the value of private sector investment?...
Question 10 (1 point) If an economy is open, this means that: a) anyone can immigrate...
Question 10 (1 point) If an economy is open, this means that: a) anyone can immigrate to the country. O b) trading with other countries makes up a portion of its economy. Oc) it does not trade with other countries. O d it will experience a drop in its real GDP.
An open economy is described by the following system of macroeconomic equations, in which all macroeconomic...
An open economy is described by the following system of macroeconomic equations, in which all macroeconomic aggregate are measured in billions of Namibian dollars, N$: Y = C + I + G + X – M C = 10 + 0.8 Yd T = 10+ 0.2Y X = 80 I = 35 G = 15 TR = 10 – 0.05Y M = 22 + 0.1Y Where: Y is domestic income Yd is private disposable income C is...
C. (Blanchard and Johnson (2015), p. 142, question 3] Consider the following open economy. The real...
C. (Blanchard and Johnson (2015), p. 142, question 3] Consider the following open economy. The real exchange rate is fixed and equal to one. Consumption, investment, government spending and taxes are given by: C = c + (Y -T), I=1, G = G, and T=T Imports and exports are given by: Q = my and X = 2Y* where asterisk denotes a foreign variable. 1. Solve for equilibrium income in the domestic economy, given Y*. What is the multiplier in...
31. Starting from a small open economy with balanced trade, if large foreign countries increase their domestic government purchases, this policy will tend to increase: A) investment in the small open economy. B) saving in the small open economy. C) exports by the small open economy. D) imports by the small open economy.
Balance of Payments (Billions of s) Current Accounts Canadian merchandise exports Canadian merchandise imports Merchandise trade balance Canadian service exports Canadian service imports Services balance Goods and services balance Net investment income from abroad Net unilateral transfers Current account balance +65 -96 +55 +10 Financial Accounts Change in Canadian-owned assets abroad Change in foreign-owned assets in Canadian Financial account balance -16 +45 Statistical discrepancy Trade balance 0 Suppose a Canadian citizen gives money to her nephew in Belgium. This would...
OPtions
Blank 1: open, Closed
Blank 2: 41.3%, 39.1%, 36.2%, 40.2%
Blank 3: Surplus, Deifcit
Blank 4: € 257 billion, € 316 billion, € 294 billion, € 251
billion
Blank 5: 25.3%, 26.5%, 27.6%, 25.6%
Suppose you have the following data from Germany's national income and product accounts Billions of Euros Gross national disposable income Personal consumption Investment Government consumption Imports of goods and services Exports of goods and services Factor service imports Factor service exports Unilateral transfers to other...
You are given the following information. Durable good consumption Residential investment 462 526 987 1259 45 7863 66 Imports Government expenditure Receipts of factor income from abroad Personal income Nonresidential investment Nondurable goods Exports Services Depreciation Change in inventories Payments of factor income abroad 893 1056 7638 125 26 59 Personal taxes 2538 Do we have a trade deficit or trade surplus?
Question 24 This question has two parts: A and B A. Many countries design and implement a trade policy when dealing with import of goods and services from foreign markets. Explain why some countries would want to restrict imports and suggest how these countries implement restrictions of imports (6 marks) B. Country X is a small island open economy. National income details are calculated as follows: Consumption expenditure (0)5300. Government expenditure (G) $250. Investment spending 00 $350. exports $15000 and...
What's the step by step solution?
1 / 1 point Question 29 Assume the following information for an economy 1000 400 300 500 750 200 Consumption expenditure Government purchases of goods and services Government payments to retirees Exports Imports Household purchases of non-durable goods Beginning-of-year inventory of stocks End-of-year inventory of stocks Business fixed investment Construction of new homes and apartments Sale of existing homes and apartments 100 200 450 1000 800 What is the value of private sector investment?...
Question 10 (1 point) If an economy is open, this means that: a) anyone can immigrate to the country. O b) trading with other countries makes up a portion of its economy. Oc) it does not trade with other countries. O d it will experience a drop in its real GDP.
C. (Blanchard and Johnson (2015), p. 142, question 3] Consider the following open economy. The real exchange rate is fixed and equal to one. Consumption, investment, government spending and taxes are given by: C = c + (Y -T), I=1, G = G, and T=T Imports and exports are given by: Q = my and X = 2Y* where asterisk denotes a foreign variable. 1. Solve for equilibrium income in the domestic economy, given Y*. What is the multiplier in...
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