Homework Answers
If the value of a country's exports is greater than the value of of its imports, it is :
a) Trade surplus.
Trade surplus occurs when export exceeds the import of the country, it is positive as well as favourable balance of trade.
When the imports exceeds the value of the exports, we have trade deficit and that is a negative as well as unfavourable balance of trade.
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27. If the value of a country's exports is greater than the value of its imports,it...
If domestic savings are insufficient to finance domestic private investment and exports are greater than imports,...
If domestic savings are insufficient to finance domestic private investment and exports are greater than imports, it is most likely that the fiscal budget has a: A) deficit that is less than the trade surplus. B) deficit that is greater than the trade surplus. C) surplus that is greater than the trade surplus.
QUESTION 9 When a country's imports is greater than its exports, the country is experiencing a...
QUESTION 9 When a country's imports is greater than its exports, the country is experiencing a Ca. trade balance cb. trade residual c. trade deficit d. trade surplus QUESTION 10 The slop of the production possilbilities frontier is equal to a. The marginal cost of the good measured on the horizontal axis b. The marginal cost of the good measured on the vertical axis c. The opportunity cost of the good measured on the horizontal axis d. The opportunity cost...
A country's imports: have no relationship with its balance of payments. affect its exports and exports...
A country's imports: have no relationship with its balance of payments. affect its exports and exports affect its imports. over time will decrease its overall economic activity. stimulate the imports of other countries. have no affect on its exports.
4. In 2008, Canada had net exports of $44.9 billion and sold $488.7 billion of goods...
4. In 2008, Canada had net exports of $44.9 billion and sold $488.7 billion of goods and services abroad. Canada had A. $44.9 billion of exports and $443.8 billion of imports. B. $533.6 billion of exports and $488.7 billion of imports. C. $533.6 billion of imports and $488.7 billion of exports. D. $488.7 billion of imports and $443.8 billion of exports. E. $443.8 billion of imports and $488.7 billion of exports. 5. Which of the following factors affects a country's...
Assume that the world consists only of the United States and Germany and that trade between...
Assume that the world consists only of the United States and Germany and that trade between them is balanced, so that neither country runs a trade deficit or surplus. If the euro falls in value relative to the U.S. dollar, with all else remaining unchanged, what will occur? U.S. exports to Germany will ______, and U.S. imports from Germany will ______. These changes in trade will cause net exports (NX) in the United States to ______. The United States would...
2. Given the following data representing the goods market in an open economy Marginal propensity to...
2. Given the following data representing the goods market in an open economy Marginal propensity to consume Autonomous consumption Direct tax rate Autonomous Taxation Transfers Gov spending 0.5 300 0.1 100 200 Investment Mareinal propensity to import Autonomous imports Exports 10000 2000 0.2 50 6000 uning the Keymnesan cross model compute a) The equilibrium level of the aggregate output b) The value of public savings corresponding to the equilbrium level of the output; say if the country is running a...
Z. Given the following data representing the goods market in an open economy Marginal propensity to...
Z. Given the following data representing the goods market in an open economy Marginal propensity to consume 0.5 300 Direct tax rate Autonomous Taxation Transfers 0.1 100 200 10000 Gov spending 2000 0.2 50 6000 investment Marrinal propensity to import Autonomous imports Exports Using the Keynesian cross-model, compute a) The equilibrium level of the aggregate output The value of public savings corresponding to the equilibrium level of the output; say if the country is running a budget deficit or surplus...
The following table shows the approximate value of exports and imports for the United States from 2006 through 2010.
1. Imports, exports, and the trade balance The following table shows the approximate value of exports and imports for the United States from 2006 through 2010. Complete the table by calculating the surplus or deficit both in absolute (dollar) terms and as a percentage of GDP. If necessary, round your answers to the nearest hundredth. Between 2007 and 2008, the _______ , _______ in dollar terms and _______ as a percentage of GDP.
UMihal GDP in 2018; c) the rates of llGDP between the two years and discuss the...
UMihal GDP in 2018; c) the rates of llGDP between the two years and discuss the r 2. Given the following data re presenting the goods market of an open economy: Marginal Propensity to consume Direct Tax rate Investment Gov. spendin Autonomous consumption Exports Marginal propensity to import Autonomous Imports Transfers Autonomous Taxation 0.55 0.1 4000 9500 340 3000 0.15 100 90 20 Using the Keynesian cross-model, compute: a) The equilibrium level of the aggregate output b) c) d) The...
A5-10. Suppose the following aggregate expenditure model describes an economy: C = 100 + (5/6)Yd T...
A5-10. Suppose the following aggregate expenditure model describes an economy: C = 100 + (5/6)Yd T = (1/5)Y 1 = 200 G = 400 X = 300 IM = (1/3)Y where C is consumption, Yd is disposable income, T is taxes, Y is national income, I is investment, G is government spending, X is exports, and IM is imports. (a) Derive a numerical expression for aggregate expenditure (AE) as a function of Y. Calculate the equilibrium level of national income....
QUESTION 9 When a country's imports is greater than its exports, the country is experiencing a Ca. trade balance cb. trade residual c. trade deficit d. trade surplus QUESTION 10 The slop of the production possilbilities frontier is equal to a. The marginal cost of the good measured on the horizontal axis b. The marginal cost of the good measured on the vertical axis c. The opportunity cost of the good measured on the horizontal axis d. The opportunity cost...
2. Given the following data representing the goods market in an open economy Marginal propensity to consume Autonomous consumption Direct tax rate Autonomous Taxation Transfers Gov spending 0.5 300 0.1 100 200 Investment Mareinal propensity to import Autonomous imports Exports 10000 2000 0.2 50 6000 uning the Keymnesan cross model compute a) The equilibrium level of the aggregate output b) The value of public savings corresponding to the equilbrium level of the output; say if the country is running a...
Z. Given the following data representing the goods market in an open economy Marginal propensity to consume 0.5 300 Direct tax rate Autonomous Taxation Transfers 0.1 100 200 10000 Gov spending 2000 0.2 50 6000 investment Marrinal propensity to import Autonomous imports Exports Using the Keynesian cross-model, compute a) The equilibrium level of the aggregate output The value of public savings corresponding to the equilibrium level of the output; say if the country is running a budget deficit or surplus...
UMihal GDP in 2018; c) the rates of llGDP between the two years and discuss the r 2. Given the following data re presenting the goods market of an open economy: Marginal Propensity to consume Direct Tax rate Investment Gov. spendin Autonomous consumption Exports Marginal propensity to import Autonomous Imports Transfers Autonomous Taxation 0.55 0.1 4000 9500 340 3000 0.15 100 90 20 Using the Keynesian cross-model, compute: a) The equilibrium level of the aggregate output b) c) d) The...
A5-10. Suppose the following aggregate expenditure model describes an economy: C = 100 + (5/6)Yd T = (1/5)Y 1 = 200 G = 400 X = 300 IM = (1/3)Y where C is consumption, Yd is disposable income, T is taxes, Y is national income, I is investment, G is government spending, X is exports, and IM is imports. (a) Derive a numerical expression for aggregate expenditure (AE) as a function of Y. Calculate the equilibrium level of national income....
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