Question

Suppose the current GDP is $11.3 trillion. Assuming that consumption is $6.7 trillion, investment is $2.1...

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:

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Calculate the GDP for a country with investment of $2 trillion, government purchases of $3 trillion,...
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.
If in some year nominal GDP was $15 trillion and real GDP was $75 trillion, what...
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
Suppose Japan has a GDP of $5 trillion, and that its national savings rate is 25%....
Suppose Japan has a GDP of $5 trillion, and that its national savings rate is 25%. Assuming Japan is an open economy, i. Calculate Japan’s investment if net exports are 1% of GDP ii. Calculate Japan’s exports if imports are valued at $650 billion.
In an economy where GDP equals 100, consumption equals 67, investment equals 14, and government purchases...
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.
The following table shows the composition of GDP in 2015 for a hypothetical country. Complete the...
The following table shows the composition of GDP in 2015 for a hypothetical country. Complete the table by recording values for​ GDP, residential​ investment, and net exports. The Composition of GDP 2015 Billions of Dollars GDP (Y) ? Consumption (C) 11,178 Investment (I) Nonresidential Residential 2,819 2,114 ? Government Spending 3,341 Net Exports Exports (X) Imports (IM) ? 2,007 2,497 Inventory Investment 40
Use the following table: Trillions GDP $15.9 Consumption 11.3 Government Spending 3 Exports 2.2 Imports 2.7...
Use the following table: Trillions GDP $15.9 Consumption 11.3 Government Spending 3 Exports 2.2 Imports 2.7 Budget balance -1.2 Value of investment spending: Value of national savings: Value of tax revenue: Value of capital inflow: Value of private savings:
In an economy with no exports and​ imports, autonomous consumption is ​$2 ​trillion, the marginal propensity...
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...
(Table) According to the table, what was the net domestic product for 2010? GDP Expenditures for...
(Table) According to the table, what was the net domestic product for 2010? GDP Expenditures for 2010: Expenditure Billions Personal consumption $10,353.5 Gross private domestic investment $1,769.1 Exports $1,746.1 Imports $2,251.5 Government purchases $2,975.1 Capital consumption allowance $1,030.2
An economy has GDP of 10,000; consumption of 6,000; government purchases of 1,000 and investment of...
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...
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)
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT