Use the information in the table to answer the following questions. All numbers are in billions of 2012 dollars. \table[[Real GDP (Y), Consumption (C), \table[[Planned], [Investment (I)]], \table [[Government], [Purchases (G)]], \table[[NetExports], [(NX)]]], [$12,000, $10, 100, $500, $2,500,- $500Use the information in the table to answer the following questions. All numbers are in billions of 2012 dollars.Real GDP (Y)$12,000$13,000$14,000$15,000$16,000Consumption (C)$10,100$10.900$11,700$12.500$13,300PlannedInvestment (0)GovernmentPurchases (G)Net ExportsINX)$500$2,500-$600$500$2,500-$500$500$2,500-$500$500$2,500-$500$500$2,500-$500The equilibrium level of CDP la bilion.The MPC is (enter your response to two decimal places).Suppose that net exports inoroase by $300 billion. Using the multiplier formula, determine the new level of GDPA $300 billion increase in net exports leads to a change in spanding of $$billion.billion, so the new level of GDP will be

The objective of the question is to find the equilibrium level of GDP, the Marginal Propensity to…

Answered: Use the information in the table to…

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter19: Measuring Economic Performance

Section: Chapter Questions

Problem 6P

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Use the information in the table to answer the following questions. All numbers are in billions of 2012 dollars. Real GDP (Y) Consumption (C) Planned Investment (I) Government Purchases (G) Net Exports (NX) $15,000 $11,750 $1,500 $3,000 -$500 $16,000 $12,500 $1,500 $3,000 -$500 $17,000 $13,250 $1,500 $3,000 -$500 $18,000 $14,000 $1,500 $3,000 -$500 $19,000 $14,750 $1,500 $3,000 -$500 The equilibrium level of GDP is $ 18,000 billion. The MPC is (enter your response to two decimal places).
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. (Enter your responses as integers and use minus signs if necessary.) The Composition of GDP, 2015 Billions of Dollars GDP (Y) Consumption (C) 11,575 Investment (/) 2,389 Nonresidential 1,666 Residential 3 Government spending (G) 3,374 4 Net exports Exports (X) 2,072 Imports (IM) 2,652 5 Inventory investment 69
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. (Enter your responses as integers and use minus signs if necessary.) The Composition of GDP, 2015 GDP (Y) 1 Consumption (C) 2 Investment (/) 3 4 Nonresidential Residential Government spending (G) Net exports Exports (X) Imports (IM) 5 Inventory investment Billions of Dollars 12,438 2,671 2,206 3,102 1,963 2,265 - 87
Van and Amy Cho live in Swarthmore, PA. Amy's father, Carlos, lives in Sweden. For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M). Check all that apply. Transaction C I G X M Amy gets a new video camera made in the United States. Van buys a sweater made in Guatemala. Amy's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. Van's employer upgrades all of its computer systems using U.S.-made parts. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
Use the information in the table to answer the following questions. All numbers are in billions of 2012 dollars Planned Government Net Exports Real GDP (Y) Consumption (c) Investment (I) Purchases (G) (NX) $5,000 $4,500 $500 $700 - $500 S6,000 $5,300 $500 $700 - $500 S7,000 $6,100 S500 $700 - $500 $8,000 $6,900 $500 $700 - $500 S9,000 $7,700 S500 $700 - $500 The equilibrium level GDP is $ billion. The MPC is (enter your response to two decimal places). Suppose that net exports increase by $400 billion. Using the multiplier formula, determine the new level of GDP. A $400 billion increase in net exports leads to a change in spending of $ billion, so the new level of GDP will be $ billion.
Fill in the blank with the choices in parentheses While national income and domestic product must be equal, income must also equal expenditure for each of the six sectors in the circular flow diagram: firms, consumers, government, financial system, investors, and the “rest of the world.” For example, the amount of __________(options for blank: disposable income, investment spending, saving, taxes) flowing into the financial system sector must equal the amount of ____________ (saving, consumption plus savings, transfers plus government purchases, investment spending) flowing out of this sector.
The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $900 million. Enter the amount for consumption. National Income Account Government Purchases (G) Taxes minus Transfer Payments (T) Consumption (C) Investment (I) Value (Millions of dollars) 250 325 275 Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S) million
For the following question , please indicate whether current GDP of the United States will be affected and, if so, by how much .In each case, indicate also which component(s) of GDP will be affected and by how much This month, a manufacturer in colorado sells $60,000 worth of t-shirts to a distributor in New York City, who sells them to the public. Then the New York distributor buys corporate bonds for a value of $10,,000, which promise to return $9400 one year from now.
The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,170 million. Enter the amount for consumption. Value National Income Account Government Purchases (G) Taxes minus Transfer Payments (T) Consumption (C) Investment (I) (Millions of dollars) 300 390 420 Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S) million
Suppose GDP in this country is $480 million. National Income Account Value (Millions of dollars) Government Purchases (GG) 150 Taxes minus Transfer Payments (TT) 180 Consumption (CC) 225 Investment (II) 105 Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table. Private SavingPrivate Saving = (YTI, TG, YCT) = = ?million Public SavingPublic Saving = = (CT, TG, YCT, YTI) = = $million
When thinking about the GDP on a global basis, two concerns become immediately obvious. When comparing GDPs, is it possible to take these things into account, and if so, what precisely are they?
Set the GDP expenditure to search for the 4th Quarter data from last year (example Q4/2021). Set Prices: to “Current prices,” and set Seasonal adjustment: to “Seasonally adjusted at annual rates.” Click apply to view the data. There is a button to Download the data if you require. The data below in Column A shows items from Canada’s national accounts in Qtr4 of 202x. The values are in x$1,000,000. Use the expenditure approach to calculate the value of the GDP in column B. Use the income approach to calculate the value of the GDP in column C. Explain in your own words the reason why the aggregate GDP income equals the aggregate GDP expenditure. GDP Category (A) Qtr4-202x Values (B) GDP from Expenditure Approach (C) GDP from Income Approach Consumer consumption expenditure 1,385 Government consumption and expenditure 659 Rent and interest 347 Investments by businesses 535 Corporate profit…

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