Question

Calculate the GDP for a country with investment of $2 trillion, government purchases of $3 trillion, capital depreciation of $1.5 trillion, consumption of $10 trillion, exports of $3.4 trillion, and imports of $3.9 trillion. Show your work.

Answer #1

they didnt mention whether investment is gross or net investment so i did in two methods

Suppose the current GDP is $11.3 trillion. Assuming that
consumption is $6.7 trillion, investment is $2.1 trillion, exports
are$1.8 trillion, and imports are $1.4 trillion, government
purchases are $___ trillion.
If GDP measured in billions of current dollars is $5,465,
consumption is $3,657, investment is $741, and net exports are
–$1,910, then government purchases are:

Calculate GDP for an economy that has consumer purchases of
$6,000, investment purchases of $1,000, government purchases of
$2,500, total exports of $1,000, and total imports of $500

If in some year nominal GDP was $15 trillion and real GDP was
$75 trillion, what was the GDP deflator?
a. 20.
b. 40.
c. 250.
d. 400.
In the economy of Jordan in 2018, exports were $300, GDP was
$2700, government purchases were $500, imports were $480, and
consumption was $900. What was Jordan’s investment in 2018?
a. $1270
b. $1230
c. $1370
d. $1480

In an economy where GDP equals 100, consumption equals 67,
investment equals 14, and government purchases equal 21,
a) exports must exceed imports by 2.
b) taxes must exceed government purchases by
2.
c) imports must exceed exports by 2.
d) net exports must equal 2.
e) none of the above.

An economy has GDP of 10,000; consumption of 6,000; government
purchases of 1,000 and investment of 2,500.
Net Exports = _______________; and Net Capital Outflow =
_____________
What is the effect of an increase in the government purchases
on
Net Exports (Increase or Decrease) and
on Net Capital Outflow (Increase or Decrease)

An economy has GDP of 10,000;
consumption of 6,000; government purchases of 1,000 and investment
of 2,500.
Net Exports = _______________; and Net Capital Outflow =
_____________
What is the effect of an increase in the government purchases
on
Net Exports (Increase or Decrease) and
on Net Capital Outflow (Increase or Decrease)

1. Suppose that the government
purchases multiplier equals 2. Real GDP is $14 trillion and
potential real GDP is $14.5 trillion.
Is there a recessionary output gap or
a contractionary output gap?
2. In order to close this output gap, the government
purchases would need to_____:
incease, decrease, stay the same?
3. and lastly, calculate by
how much exactly government purchases have to increase (or
decrease)
A

1. Define business inventories and explain how they are
counted in GDP.
2. Calculate government spending given the following
information:
GDP = $300 million
Consumer spending = $100 million
Financial investment spending = $35 million
Investment spending = $60 million
Exports = $20 million
Imports=$5 million
3. Calculate consumer spending given the following
information:
GDP = $110 million
Government spending = $38 million
Financial investment spending = $12 million
Investment spending = $18 million
Net exports = $2 million
Show...

In an economy with no exports and imports, autonomous
consumption is $2 trillion, the marginal propensity to consume is
0.6, investment is $5 trillion, and government expenditure on
goods and services is $6 trillion. Taxes are $4 trillion and do
not vary with real GDP. If real GDP is $33.1, calculate
disposable income, consumption expenditure, and aggregate planned
expenditure. What is equilibrium expenditure?
The author got the equilibrium expenditure is $26.5 trillion
but the expert got 25. Please break down...

America and Country X have the same levels of consumption,
investment, and government
purchases, but Country X sells twice as many exports as buys
twice as many imports
as America. Which country must have a larger GDP?
America
Country X
The GDP of America must equal the GDP of country B
The answer depends on whether America has positive or negative
net exports
A multiple-choice question with one possible
answer.(Required)
On average, Japanese workers have lower hourly productivity and
work...

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