Homework Answers
Ans: Net exports of goods and services ( NX) = - $708
Explanation:
NX = EX -IM
= $1643.00 - $2351.00
= - $708
Ans: GDP = $13841.4
Explanation:
GDP = C + I + G + NX
= $9734.20 + $2125.40 + $2689.80 + ( - $708 )
= $ 14549.40 - $708
= $13841.4
Ans: This method of calculating GDP , which involves summing the all expenditures made on final goods and services, is called the expenditure approach.
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4. Computing GDP using the expenditure approach The following table shows data on consumption, investment, exports,...
The following table shows data on consumption, investment, exports, imports, and government expenditures for Canada in...
The following table shows data on consumption, investment, exports, imports, and government expenditures for Canada in 2008, as published by Statistics Canada. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Note: Type in the results without rounding off numbers. Personal consumption expenditures (C) Gross private domestic investment (I) Exports (X) Imports (M) Net exports of goods and services Government consumption expenditures and gross investment (G) Gross...
7. Measuring GDP The following table shows data on personal consumption expenditures, gross private domestic investment,...
7. Measuring GDP The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government purchases of goods and services for the United States in 2009, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP by adding together the final demands of consumers, business firms, the government, and foreigners-a method of calculating GDP known as the expenditure approach....
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures...
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2018, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Data (Billions of dollars) Consumption (C) Investment (I) Exports (X) Imports (M) Net Exports of Goods and Services Government Purchases (G) Gross Domestic Product (GDP) 13,948.5 3,650.1 2,531.3...
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures...
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2017, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Consumption (C) Investment (I) Exports (X) Imports (M) Net Exports of Goods and Services Government Purchases (G) Gross Domestic Product (GDP) Data (Billions of dollars) 13,321.4 3,368.0 2,350.2...
3. Calculating GDP from raw economic data The following table shows data on personal consumption expenditures,...
3. Calculating GDP from raw economic data The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government consumption expenditures and gross investment for the United States in 2010, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the following table to calculate GDP. Components Personal Consumption Expenditures (CC) $10,417.1 Gross Private Domestic Investment (II) $1,818 Exports (XX) $1,935.3 Imports (MM) $2,435.5...
The following table shows data on consumption, Investments, exports, Imports, and government expenditures for the United...
The following table shows data on consumption, Investments, exports, Imports, and government expenditures for the United States in 2015, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. F in the missing cells in the table to calculate GDP using the expenditure approach. Consumption (C) Investment (1) Data (Billions of dollars) 12,283.7 3,056.6 2,264.3 2,786.3 Exports (X) Imports (M) Net Exports of Goods and Services Government Purchases (G) Gross Domestic Product (GDP) 3,218.3
Attempts: Keep the Highest 12 3. Calculating GDP from raw economic data The following table shows...
Attempts: Keep the Highest 12 3. Calculating GDP from raw economic data The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government consumption expenditures and gross investment for the United States in 2010, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. ♡ Fill in the missing cells in the following table to calculate GDP. Components Personal Consumption Expenditures (C) Gross Private Domestic Investment (I) Exports (X)...
The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2014, as published by the Bureau of Economic Analysis. All figures are in billions of dollars.
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2014, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach.Data (Billions of dollars) Consumption (C) 11,930.3Investment (I) 2,851.6Exports (X) 2,337.0Imports (M) 2,875.2Net Exports of Goods and Services Government Purchases (G) 3,175.2Gross Domestic Product (GDP)
Classify the items according to the expenditure approach to Canada's GDP calculation Answer Bank Personal consumption...
Classify the items according to the expenditure approach to Canada's GDP calculation Answer Bank Personal consumption expenditures (C) Taking advantage of its growing reputation, a Canadian coffee shop begins selling T-shirts online to customers in the United States Gross private domestic Tyler purchases a lattefrom his local coffee investment (I) shop to boost his energy while working The government builds a new road to Government consumption and accomodate the surge of customers that are gross investment (G) driving to a...
QUESTION 24 Exhibit 11-1 GDP - Expenditure Approach Category Percent of GDP Amount (billions of current...
QUESTION 24 Exhibit 11-1 GDP - Expenditure Approach Category Percent of GDP Amount (billions of current dollars) 70% 20% Consumption (C) Investment (1) Government purchases (G) Net exports of goods and services (X - M) Gross domestic product 15% $9,000 100% Refer to Exhibit 11-1. What conclusion regarding exports and imports can be arrived at looking at the data provided? a. Exports exceeded imports. b. Exports equaled imports. c. Imports exceeded exports. d. Data insufficient to arrive at any conclusion.
The following table shows data on consumption, investment, exports, imports, and government expenditures for Canada in 2008, as published by Statistics Canada. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Note: Type in the results without rounding off numbers. Personal consumption expenditures (C) Gross private domestic investment (I) Exports (X) Imports (M) Net exports of goods and services Government consumption expenditures and gross investment (G) Gross...
7. Measuring GDP The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government purchases of goods and services for the United States in 2009, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP by adding together the final demands of consumers, business firms, the government, and foreigners-a method of calculating GDP known as the expenditure approach....
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2018, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Data (Billions of dollars) Consumption (C) Investment (I) Exports (X) Imports (M) Net Exports of Goods and Services Government Purchases (G) Gross Domestic Product (GDP) 13,948.5 3,650.1 2,531.3...
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2017, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Consumption (C) Investment (I) Exports (X) Imports (M) Net Exports of Goods and Services Government Purchases (G) Gross Domestic Product (GDP) Data (Billions of dollars) 13,321.4 3,368.0 2,350.2...
The following table shows data on consumption, Investments, exports, Imports, and government expenditures for the United States in 2015, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. F in the missing cells in the table to calculate GDP using the expenditure approach. Consumption (C) Investment (1) Data (Billions of dollars) 12,283.7 3,056.6 2,264.3 2,786.3 Exports (X) Imports (M) Net Exports of Goods and Services Government Purchases (G) Gross Domestic Product (GDP) 3,218.3
Attempts: Keep the Highest 12 3. Calculating GDP from raw economic data The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government consumption expenditures and gross investment for the United States in 2010, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. ♡ Fill in the missing cells in the following table to calculate GDP. Components Personal Consumption Expenditures (C) Gross Private Domestic Investment (I) Exports (X)...
Classify the items according to the expenditure approach to Canada's GDP calculation Answer Bank Personal consumption expenditures (C) Taking advantage of its growing reputation, a Canadian coffee shop begins selling T-shirts online to customers in the United States Gross private domestic Tyler purchases a lattefrom his local coffee investment (I) shop to boost his energy while working The government builds a new road to Government consumption and accomodate the surge of customers that are gross investment (G) driving to a...
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