How much is national saving Consumption Spending 60 Investment Spending 30 Government Spending 20 Taxes 10 Exports of Goods and Services 40 Imports of Goods and Services 50 Net Primary Income 25...
Suppose: Consumption is $50 Investment is $10 Government Spending is $20 Imports are $5 Exports are $5 The value of GDP is $____. Write the answer as a number. Do not include the dollar sign or decimals.
1 The components of total spending are A.consumption, investment, exports, and imports. B.consumption, investment, government spending, and net exports. C.consumption, imports, investment, and the money supply. D.investment, intermediate goods, and factors of production. 2 Why are imports subtracted when GDP is calculated in the expenditure approach? A.They are produced abroad, and GDP only counts domestic production. B.They do not go through formal markets and thus cannot be counted in GDP. C.They are not part of consumption in the domestic economy....
QUESTION 3 Tribons of dolers GDP Consumption Government spending Exports Imports Budget balance Given the values in the table, and assuming transfer payments trillion (Round to one decimal place.) , compute the value of private saving. Private saving QUESTION 4 Trons GDP Consumption Government pending Exports Imports Budget balance What is the value of national savings for the hypothetical economy whose data is given in the table? National Savings trillion.(Round to one decimal place.) 5 QUESTION 5 Tribons of dollars...
Consumption of Fixed Capital Government Purchases US imports Personal Taxes Transfer Payments US Exports Personal Consumption Expenditures Net Foreign Factor Income Gross Private Domestic Investment Taxes on Production and Imports Undistributed Corporate Profits Social Security Contributions Corporate Income Taxes Statistical Discrepancy $25 315 260 45 247 249 475 5 300 245 60 240 65 40 Refer to the accompanying national income data (in billions of dollars). National income is Multiple Choice $940 billion. $975 billion. $804 billion. $1,019 billion.
Question 33 (20 points) Consumption $550 Investment $200 Exports $60 Imports $90 Government Spending $100 Taxes $70 Potential Real Output (Long $800 run Real Output) The above macroeconomic data are from the economy in 2019. Dollar values are measured in billions of 2019 dollars. (a) is the economy facing a recessionary gap, an inflationary gap, or neither? Explain using numbers. (b) Based on your answer to part (a), how will the economy adjust in the long run in the absence...
Fill in the following table: GNP Total Output Consumption Consumption Investment Spending Government Spending Exports Imports 100 25 10 10 20 115 75 12 14 16 120 70 25 20 30 69 58 10 10 32 135 75 30 35 25 140 140 140 140 140 940 140 200 300 200 1150 600 300 200 150 1250 700 200 200 150 680 500 80 300 100
National saving refers to: disposable income minus consumption. income minus consumption minus government purchases. income minus investment. taxes minus government spending.
Consider an economy in which taxes, planned investment, government spending on goods and services, and net exports are autonomous, but consumption and planned investment change as the interest rate changes. You are given the following information concerning autonomous consumption, the marginal propensity to consume, planned investment, government purchases of goods and services, and net exports: Ca = 1,500 – 10r; c = 0.6; Ta = 1,800; Ip = 2,400 – 50r; G = 2,000; NX = -200 (a)Derive Ep and...
Exports of goods and services 600 Primary income received 30 Secondary income received 520 Imports of goods and services 290 Primary income paid abroad 260 Secondary income paid 50 Net acquisition of financial assets 530 Net incurrence of liabilities 130 Net change in financial derivatives -100 What is the trade balance? (Enter your response as a whole number.) What is the current account balance? (Enter your response as a whole number.) What is the financial account balance? (Enter your response...
$800 000 Wages paid to labour Household consumption spending Government Transfers Investment spending Government spending on goods & services Exports Imports Taxes Profits 50 000 250 000 200 000 300 000 250 000 250 000 200 000 If GDP equals $1100000, then consumption spending is equal to $ A Do not include any commas or spaces in your answer.