Question

According to the expenditures approach, if Consumption is $25 billion, Gross Investment is $50 billion, Government Purchases are $75 billion, and Net Exports are $ -10 billion, what is GDP?

Using the year 2000 as the base year, if the price of a market basket of goods in 2010 was $500 and the price of the market basket of goods in 2000 was $400, and nominal GDP was $200 billion in 2010, what was real GDP?

Answer #1

In Year I the sum of Consumption + Investment + Government
Expenditures was $100,000. The nominal GDP for that year was also
$100,000. Furthermore the nominal GDP for year II was $101,000
while the inflation rate was 5 percent. Therefore:
a. The real GDP
in Year II increased.
b. The nominal
GDP in Year II increased.
c. The value of
imports was equal to the value of exports in Year I.
d. All of the
above.
e. Both b) and...

(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

If exports are €0.1 billion more than imports, government
expenditures are €0.5 billion, consumer expenditures are €1
billion, and gross investment spending is €0.5 billion, calculate
GDP at market prices (give only a numerical answer up to one
decimal

Given the following information answer the following
questions:
Personal Consumption Expenditures = 1000
Compensation to Employees = 900
Gross Domestic Private Investment = 300
Gross Business Fixed Investment = 250
Net Operating Surplus = 250
Government Purchases of Goods and Services = 330
Taxes on Imports and Production = 200
Net exports = -30
Consumption of Fixed capital=250
a) What is the value of GDP measured in terms of spending?
b) What is the value of GDP measure in terms...

Personal consumption expenditure 200, Personal Taxes 50, Exports
30, Depreciation 10, Government Purchases 50, Gross private
domestic Investment 40, Imports 40, Government transfer payments
20:
Please show and give an explanation to your answers
provided
a. What is the value of GDP?
b. What is the value of net domestic product?
c. What is the value of net investment
d. What is the value of net exports?
e. What is the value of disposable income?

Part A
Suppose that country X has current GDP of $7250 billion. The
current GDP deflator is 125. In the base year, the nominal GDP for
country X was also $7250 billion.
· What is country current X’s real GDP in base year prices?
· What is the rate of economic growth between the base year and the
current year?
Part B
Let us imagine that there is a country called Smithsonia, which
displays the following statistics. C (Consumption) is...

Suppose you are given the following data on incomes and
expenditures for the economy of Westland, in current prices for
factors incomes and outputs.
Consumption expenditures 2500
Employment income 2800
Government expenditure 800
Net indirect taxes 150
Exports 1200
Business income 700
Capital consumption allowance 200
Investment expenditure 600
Imports 1100
Investment income 150
(a) What is the value of the nominal GDP measured by
expenditures?
(b) What is the net domestic income?
(c) What is the value of nominal...

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

1. Country A with a civilian non-institutionalized
population of 237 mil (all over age 16), has 156 mil employed and
47 mil unemployed persons, of the unemployed 5 mil is frictional
and 8 mil structural.
a) What is the size of the labor force? …………………………………………
b) What is the actual unemployment rate? …………………………………….
c) What is the Cyclical unemployment?
.................................................
d) What is the Natural Rate of Unemployment (NRU)? ………………………
e) Is this economy in a recession or a boom?...

Components
Trillions of $
Consumption
$10
Durable Goods
$3
Nondurable Goods
$4
Investment
$2
Services
$10
Government Purchases
$5
Structures
$1
Changes in Inventories
$1
Exports
$3
Imports
-$1
Income receipts from rest of the world
$2
Income receipts to rest of the world
$1
Depreciation
$3
According to the data above, calculate net exports.
With the data above, use both the demand side or supply side
approach to calculate GDP for this economy.
Using the data above calculate Net...

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