Homework Answers
Historically, Consumer Spending was the largest part of US GDP at approximately 70% of the Aggregate Spending.
Consumer spending was the largest part followed by goverment spending.
Hence, First Option is correct.
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Historically, spending was the LARGEST component of U.S. GDP, at approximately 70% of aggregate spending. consumer...
The largest component of aggregate spending in the Canadian economy is government spending on goods and...
The largest component of aggregate spending in the Canadian economy is government spending on goods and services (G). True False
For each of the following shocks, identify what component(s) of U.S. planned aggregate expenditure are directly...
For each of the following shocks, identify what component(s) of U.S. planned aggregate expenditure are directly affected and in which direction. a. Income tax rates increase: Which component of planned aggregate expenditure is affected? Consumption Investment Government spending Net exports None of these are affected What happens to planned aggregate expenditure? Increases Decreases Unaffected b. China experiences an economic boom: Which component of planned aggregate expenditure is affected? Consumption Investment Government spending Net exports None of these are affected What...
Question 2 (1 point) What type of spending is the most important component of the GDP?...
Question 2 (1 point) What type of spending is the most important component of the GDP? consumption government purchases net exports investment
Which is the largest component of U.S. GDP? O a. government purchases b.imports c. consumption d....
Which is the largest component of U.S. GDP? O a. government purchases b.imports c. consumption d. investment ะต. exports QUESTION 7 Which of the following represents the largest share of U.S. GDP? a. the production of physical goods b. the production of manufactured goods c. services d. the production of capital goods e. agricultural production During a recession, fewer individuals fly across the country for vacations. As a result, many pilots and flight attendants lose their jobs. These individuals would...
For each of the following transactions, state the effect both on U.S. GDP and on the...
For each of the following transactions, state the effect both on U.S. GDP and on the four components of aggregate expenditure a. Your mother buys a new car from a U.S. producer. us, GDP (Click to select) Of the four components of aggregate expenditure: net exports do not change and government purchases rise. investment rises and net exports do not change. investment rises and net exports fall. consumption rises and net exports do not change. consumption rises and net exports...
For each of the following transactions, state the effect both on U.S. GDP and on the...
For each of the following transactions, state the effect both on U.S. GDP and on the four components of aggregate expenditure. a. Your mother-in-law buys a new car from a U.S. producer. U.S. GDP (Click to select) Of the four components of aggregate expenditure: consumption rises and net exports fall. investment rises and net exports fall. investment rises and net exports do not change. O consumption rises and net exports do not change. b. Your mother-in-law buys a new car...
help 1. What is the value of "Net Exports"? 2. What is the amount of GDP?...
help
1. What is the value of "Net Exports"? 2. What is the amount of GDP? 3. The largest component of GDP is consumer spending. What percentage of GDP is consumer spending? (round off and format your answer as: 99% ) 4. What is the value of government transfers to households? 5. What is the value of Capital Inflow from R.O.W.? 6. What is the value of the net Capital flow between the U.S. and the R.O.W? (enter your number...
QUESTION 8 The largest component of GDP is: A. consumption expenditure. B. gross private domestic investment...
QUESTION 8 The largest component of GDP is: A. consumption expenditure. B. gross private domestic investment C. government spending. D. net exports. QUESTIONS The sum of all income, including wages, salaries and benefits, profits, rental income, and interest, is called: A. labor income B. gross domestic income. C. national income. D. pretax income. QUESTION 10 A business cycle is: A. the periodic fluctuation of economic activity. B. the engine of economic growth. C. a period lasting about 50 years. D....
Assume the following macroeconomic variable in $ billion) for an economy: Y-national income - Aggregate Expenditures...
Assume the following macroeconomic variable in $ billion) for an economy: Y-national income - Aggregate Expenditures Aggregate Expenditures Consumption + Investment + Government Spending + Net Export Assuming that the full employment level in $6,000 billion, determine the change in government spending needed to reach full employment. (Hint: calculate the current GDP then calculate aggregate expenditures using national income of $6,000 and find the difference) Consumption (80% of disposable or after tax income) + $300 C = $300 +0.8 (Y-T)...
Can you solve 90 a smooth trend whereas, lii spending is more volatile and subject 89)...
Can you solve 90
a smooth trend whereas, lii spending is more volatile and subject 89) 89) spending follows to fluctuations A) Investment consumer C) Consumer government B) Government; consumer D) Consumer: investment 90) If inflation in the United States is lower than inflation in other countries, what will be the effect on 90) net exports for the United States? A) Net exports will rise as U.S exports increase. B) Net exports will decrease as U.S exports decrease C) Net...
The largest component of aggregate spending in the Canadian economy is government spending on goods and services (G). True False
Question 2 (1 point) What type of spending is the most important component of the GDP? consumption government purchases net exports investment
Which is the largest component of U.S. GDP? O a. government purchases b.imports c. consumption d. investment ะต. exports QUESTION 7 Which of the following represents the largest share of U.S. GDP? a. the production of physical goods b. the production of manufactured goods c. services d. the production of capital goods e. agricultural production During a recession, fewer individuals fly across the country for vacations. As a result, many pilots and flight attendants lose their jobs. These individuals would...
For each of the following transactions, state the effect both on U.S. GDP and on the four components of aggregate expenditure a. Your mother buys a new car from a U.S. producer. us, GDP (Click to select) Of the four components of aggregate expenditure: net exports do not change and government purchases rise. investment rises and net exports do not change. investment rises and net exports fall. consumption rises and net exports do not change. consumption rises and net exports...
For each of the following transactions, state the effect both on U.S. GDP and on the four components of aggregate expenditure. a. Your mother-in-law buys a new car from a U.S. producer. U.S. GDP (Click to select) Of the four components of aggregate expenditure: consumption rises and net exports fall. investment rises and net exports fall. investment rises and net exports do not change. O consumption rises and net exports do not change. b. Your mother-in-law buys a new car...
help
1. What is the value of "Net Exports"? 2. What is the amount of GDP? 3. The largest component of GDP is consumer spending. What percentage of GDP is consumer spending? (round off and format your answer as: 99% ) 4. What is the value of government transfers to households? 5. What is the value of Capital Inflow from R.O.W.? 6. What is the value of the net Capital flow between the U.S. and the R.O.W? (enter your number...
QUESTION 8 The largest component of GDP is: A. consumption expenditure. B. gross private domestic investment C. government spending. D. net exports. QUESTIONS The sum of all income, including wages, salaries and benefits, profits, rental income, and interest, is called: A. labor income B. gross domestic income. C. national income. D. pretax income. QUESTION 10 A business cycle is: A. the periodic fluctuation of economic activity. B. the engine of economic growth. C. a period lasting about 50 years. D....
Assume the following macroeconomic variable in $ billion) for an economy: Y-national income - Aggregate Expenditures Aggregate Expenditures Consumption + Investment + Government Spending + Net Export Assuming that the full employment level in $6,000 billion, determine the change in government spending needed to reach full employment. (Hint: calculate the current GDP then calculate aggregate expenditures using national income of $6,000 and find the difference) Consumption (80% of disposable or after tax income) + $300 C = $300 +0.8 (Y-T)...
Can you solve 90
a smooth trend whereas, lii spending is more volatile and subject 89) 89) spending follows to fluctuations A) Investment consumer C) Consumer government B) Government; consumer D) Consumer: investment 90) If inflation in the United States is lower than inflation in other countries, what will be the effect on 90) net exports for the United States? A) Net exports will rise as U.S exports increase. B) Net exports will decrease as U.S exports decrease C) Net...
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