Homework Answers
GDP = consumption+investment
When the interest rate is 20%, Investment is =20
GDP = 180+20=200
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Gross domestic product Consumption Expected rate of ne prof 25 Amount o Investmen $12 100 Refer...
Stefan Scrobanovich Gross Domestic Product $100 200 Consumption $120 180 240 300 360 500 Expected Rate...
Stefan Scrobanovich Gross Domestic Product $100 200 Consumption $120 180 240 300 360 500 Expected Rate of Return Amount of Investment 25% 20 Refer to the tables of information for a private closed economy. If the real interest rate is 10 percent, the equilibrium GDP will be Select one: a. $400 b. $300 c. $100 d. $200 Am A WTC
Gross Domestic Product Use the data chart to answer the questions below. Consumption $500 Government Expenditures...
Gross Domestic Product Use the data chart to answer the questions below. Consumption $500 Government Expenditures $200 GNP $800 Gross Private Domestic Investment $100 Imports $100 Exports $50 Questions: 1. Using the data above, GDP is equal to __________________. 2. Using the data above, Net Exports is equal to _____________. 3. Using the data above, PCE (Personal Consumption Expenditure) is equal to _____________. 4. If the dollar amounts of the items above are the nominal amounts in year 2017, and the quantities of units...
(A) Real gross domestic product (GDP) increased from $16.62 trillion to $18.05 trillion, and the price...
(A) Real gross domestic product (GDP) increased from $16.62 trillion to $18.05 trillion, and the price level increased from 120.0 to 123.4. Rounding to the nearest second decimal, how much was the growth rate of nominal GDP? (B) A US computer company buys computers from a US company for their workers. Which category of US gross domestic product (GDP) is this included? (C, I, G, NX or none of the four) (C) Refer to the following table, compute the CPI...
Amount -12 69 20 34 Item Change in Private Inventories (CI) Compensation of Employees--Wages (W) Consumption...
Amount -12 69 20 34 Item Change in Private Inventories (CI) Compensation of Employees--Wages (W) Consumption of Fixed Capital--Depreciation (DEPR) Government Consumption Expenditures and Gross Investment (G) Gross Private Domestic Fixed Investment (FI) Interest (INT) Net Exports (XN) Net Foreign Factor Income (NFFI) Personal Consumption Expenditures (C) Profits (PROF) Proprietors’ Income (PRIN) Purchases of Stocks and Bonds (SB) Rents (RENT) Statistical Discrepancy (SD) Stock of Capital at End of Year (SK) Taxes on Production and Income (TAX) 100 700 6...
Product 13) 13) The gap that exists when equilibrium real Gross Domestic (GDP) is greater than...
Product 13) 13) The gap that exists when equilibrium real Gross Domestic (GDP) is greater than full employment real Gross Domestic Product (GDP) is called a(n) A) demand gap. C) recessionary gap B) employment gap D) inflationary gap 14) 14) Economic growth will NOT result in inflation if aggregate demand shifts A) outward to the right at the same speed as aggregate supply B) outward to the right as aggregate supply shifts inward to the left. C) inward to the...
1 23 You are given the following information about an economy: Gross private domestic investment 50...
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You are given the following information about an economy: Gross private domestic investment 50 Government purchases of goods and services 35 Gross national product (GNP) 300 Current account balance10 Taxes 60 Government transfer payments to the domestic private sector 30 Interest payments from the government to the domestic private sector10 (Assume all interest payments by the government go to domestic households.) Factor income received from rest of world 6 Factor payments made to rest of world8 Assuming that...
9. Refer to the below table. For the open economy, the equilibrium GDP is domestic output...
9. Refer to the below table. For the open economy, the equilibrium GDP is domestic output AE, closed economy exports imports 200 230 30 20 250 270 30 20 300 310 30 20 350 350 30 20 400 390 30 20 450 430 30 20 500 470 30 20 A) $300 B) $350 C) $400 D) $450 10. If net exports decline from zero to some negative amount, the aggregate expenditures schedule would A) shift upward B) shift downward C)...
WEEK 4: GROSS DOMESTIC PRODUCT (GDP) 22 unread replies.22 replies. INITIAL POST (UP TO 10 POINTS) Follow the steps below...
WEEK 4: GROSS DOMESTIC PRODUCT (GDP) 22 unread replies.22 replies. INITIAL POST (UP TO 10 POINTS) Follow the steps below to obtain real-world information about GDP growth pattern from the Bureau of Economic Analysis to assess GDP current situation. Use your findings to answer the questions below. Go to www.bea.gov (Links to an external site.)Links to an external site.. Click on the National tab (on the top left-hand side). Click on Interactive Tables: GDP and the National Income and Product...
The table below shows the annual consumption expenditure (C) and output (Y) for a developing nation....
The table below shows the annual consumption expenditure (C) and output (Y) for a developing nation. We assume that there are no taxes, so disposable income (DI) is the same as income (Y). Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. a. What is the value of autonomous consumption for this economy? $ __________ b. What is the equilibrium...
D stocks, bonds 5 Which of the following is included in the calculated Gross Domestic Product?...
D stocks, bonds 5 Which of the following is included in the calculated Gross Domestic Product? O A. Farmer Freddie sells his second tractor to his son. B. Suzanne buys a love seat and chair for $85 at the yard sale on the corner. O c. A local ice cream store sells $17,000 worth of cones and sundaes on July O D. Mr. Farkle mows his own lawn. 6 Which of the following is not counted as a part of...
Stefan Scrobanovich Gross Domestic Product $100 200 Consumption $120 180 240 300 360 500 Expected Rate of Return Amount of Investment 25% 20 Refer to the tables of information for a private closed economy. If the real interest rate is 10 percent, the equilibrium GDP will be Select one: a. $400 b. $300 c. $100 d. $200 Am A WTC
(A) Real gross domestic product (GDP) increased from $16.62 trillion to $18.05 trillion, and the price level increased from 120.0 to 123.4. Rounding to the nearest second decimal, how much was the growth rate of nominal GDP? (B) A US computer company buys computers from a US company for their workers. Which category of US gross domestic product (GDP) is this included? (C, I, G, NX or none of the four) (C) Refer to the following table, compute the CPI...
Amount -12 69 20 34 Item Change in Private Inventories (CI) Compensation of Employees--Wages (W) Consumption of Fixed Capital--Depreciation (DEPR) Government Consumption Expenditures and Gross Investment (G) Gross Private Domestic Fixed Investment (FI) Interest (INT) Net Exports (XN) Net Foreign Factor Income (NFFI) Personal Consumption Expenditures (C) Profits (PROF) Proprietors’ Income (PRIN) Purchases of Stocks and Bonds (SB) Rents (RENT) Statistical Discrepancy (SD) Stock of Capital at End of Year (SK) Taxes on Production and Income (TAX) 100 700 6...
Product 13) 13) The gap that exists when equilibrium real Gross Domestic (GDP) is greater than full employment real Gross Domestic Product (GDP) is called a(n) A) demand gap. C) recessionary gap B) employment gap D) inflationary gap 14) 14) Economic growth will NOT result in inflation if aggregate demand shifts A) outward to the right at the same speed as aggregate supply B) outward to the right as aggregate supply shifts inward to the left. C) inward to the...
1
23
You are given the following information about an economy: Gross private domestic investment 50 Government purchases of goods and services 35 Gross national product (GNP) 300 Current account balance10 Taxes 60 Government transfer payments to the domestic private sector 30 Interest payments from the government to the domestic private sector10 (Assume all interest payments by the government go to domestic households.) Factor income received from rest of world 6 Factor payments made to rest of world8 Assuming that...
D stocks, bonds 5 Which of the following is included in the calculated Gross Domestic Product? O A. Farmer Freddie sells his second tractor to his son. B. Suzanne buys a love seat and chair for $85 at the yard sale on the corner. O c. A local ice cream store sells $17,000 worth of cones and sundaes on July O D. Mr. Farkle mows his own lawn. 6 Which of the following is not counted as a part of...
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