Homework Answers
(B) Net Investment, I= Investment - Depreciation= 45-26 = 19
(A) GDP= C + I (from above) + G + (X-M) = 500+ 19+ 75 + (65-55) = 604
(c) National Income= GDP + Net foreign Factor Income = 604+ 16 = 620.
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Answer five questions given the following data (all values are in billions of dollars) Consumption Private...
Answer five questions given the following data (all values are in billions of dollars): Year 2006...
Answer five questions given the following data (all values are in billions of dollars): Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Nominal Consumption Private Government GDP Expenditures Investment Purchases Exports Imports (GDP) (C) (0) (G) (X) (M) $ 13,178 $ 9,207 $ 2,220 $ 2,508 $ 1,481 $ 2,238 $ 13,808 $ 9,710 $ 2,130 $ 2,675 $ 1,662 $ 2,370 $ 14,291 $ 10,035 $ 2,087 $ 2,878 $ 1,848 $ 2,557 $ 13,939...
2002 85.0 92.0 Refer to the data below (all values are in billions): Nominal Year GDP...
2002 85.0 92.0 Refer to the data below (all values are in billions): Nominal Year GDP Deflator GDP (in Billions (Price Index, of Dollars) 2009 = 100) 2000 9,817 81.9 2001 10,128 83.8 10,469 2003 10,960 86.7 2004 11,685 89.1 2005 12,422 2006 13,178 94.8 2007 13,808 97.3 2008 14,291 99.2 2009 13,939 100.0 2010 14,524 101.2 15,518 103.3 2012 16,163 105.2 2013 16,768 106.7 2014 17,393 108.8 2015 18,037 110.0 2016 18,569 111.4 2011 2010 2011 2012 2013 2014...
Year 2000 GDP Deflator (Price Index, 2009 = 100) 81.9 83.8 85.0 2001 2002 2003 2004...
Year 2000 GDP Deflator (Price Index, 2009 = 100) 81.9 83.8 85.0 2001 2002 2003 2004 2005 & 2007 Nominal GDP (in Billions of Dollars) 9,817 10.128 10.469 10,960 11,685 12,422 13,178 13,808 14,291 13,939 14,524 15,518 16,163 16,768 17,393 18,037 18,569 2008 2009 2010 2011 2012 2013 2014 2015 2016 100.0 101.2 103.3 105.2 106.7 108.8 110.0 111.4 Instructions: Enter your responses rounded to the nearest billion. a. Calculate real GDP for 2015 using 2007 prices. $0 billion b....
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)
Use the following data to answer the questions below: Billions of dollars 600 28 20 Category...
Use the following data to answer the questions below: Billions of dollars 600 28 20 Category Consumption Depreciation Retained earnings Gross investment Imports Exports Net foreign factor income Government purchases 50 60 70 18 80 Instructions: Enter your responses rounded to the nearest whole number a. How much is GDP? billion b. How much is net investment? billion c. How much is national income? $ billion To better understand how inflation is measured, suppose the prices listed in the table...
Answer five questions given the following data (all values are in billions of dollars): Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Nominal Consumption Private Government GDP Expenditures Investment Purchases Exports Imports (GDP) (C) (0) (G) (X) (M) $ 13,178 $ 9,207 $ 2,220 $ 2,508 $ 1,481 $ 2,238 $ 13,808 $ 9,710 $ 2,130 $ 2,675 $ 1,662 $ 2,370 $ 14,291 $ 10,035 $ 2,087 $ 2,878 $ 1,848 $ 2,557 $ 13,939...
2002 85.0 92.0 Refer to the data below (all values are in billions): Nominal Year GDP Deflator GDP (in Billions (Price Index, of Dollars) 2009 = 100) 2000 9,817 81.9 2001 10,128 83.8 10,469 2003 10,960 86.7 2004 11,685 89.1 2005 12,422 2006 13,178 94.8 2007 13,808 97.3 2008 14,291 99.2 2009 13,939 100.0 2010 14,524 101.2 15,518 103.3 2012 16,163 105.2 2013 16,768 106.7 2014 17,393 108.8 2015 18,037 110.0 2016 18,569 111.4 2011 2010 2011 2012 2013 2014...
Year 2000 GDP Deflator (Price Index, 2009 = 100) 81.9 83.8 85.0 2001 2002 2003 2004 2005 & 2007 Nominal GDP (in Billions of Dollars) 9,817 10.128 10.469 10,960 11,685 12,422 13,178 13,808 14,291 13,939 14,524 15,518 16,163 16,768 17,393 18,037 18,569 2008 2009 2010 2011 2012 2013 2014 2015 2016 100.0 101.2 103.3 105.2 106.7 108.8 110.0 111.4 Instructions: Enter your responses rounded to the nearest billion. a. Calculate real GDP for 2015 using 2007 prices. $0 billion b....
Use the following data to answer the questions below: Billions of dollars 600 28 20 Category Consumption Depreciation Retained earnings Gross investment Imports Exports Net foreign factor income Government purchases 50 60 70 18 80 Instructions: Enter your responses rounded to the nearest whole number a. How much is GDP? billion b. How much is net investment? billion c. How much is national income? $ billion To better understand how inflation is measured, suppose the prices listed in the table...
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