Question

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 countries Unilateral transfers from other countries 1,193 669 401 110 242 257 40 57 21 Calculate Germany's income and product statistics to fill in the blank cells in the following table. (Hint: Don't forget to enter a minus sign when the balance is negative.) Billions of Euros Gross national expenditure Gross domestic product Gross national income Trade balance Net factor income from abroad Net unilateral transfers Current account Using the information given and your calculations, you can conclude that Germany is Foreign goods and services account for Germany is running a trade Germany's income from abroad is Germany's income from abroad accounts for 25.3% economy. of Germany's personal consumption expenditure of its gross national disposable income.

Answer 1

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