a. Calculate Jupiter's aggregate expenditure. b. Calculate Jupiter's net exports. c. Calculate Jupiter's government expenditure. Item Dollars GDP 1.400,000 Consumption expenditure 700,000 Taxes 350,000 Transfer payments 150,000 Profits 300,000 Investment 350,000 Exports 400,000 Saving 400,000 Imports 350,000
Q: Calculate GDP using the Income and Expenditure Approach. (all figures are in billions of dollars):…
A: since you have posted multiple questions as per the guideline we can solve only one question.…
Q: Define net exports. Explain how U.S. exports and imports each affect domestic production. Suppose…
A: International trade is defined as the purchase or sale of commodities, services, and other assets…
Q: 1 a)What is the value added definition of GDP? What is meant by value added? b) Suppose that in a…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: 5 - :How to measure GDP in a closed economy? A) C+I+G B) C+G C) C+S D) C+I E) C+I+G+NX…
A: 5 - :How to measure GDP in a closed economy? The answer is - A) C+I+G
Q: 3. Which of the following is not included in investment expenditure? a) changes in business…
A: 13)Purchasing would mean investment. Change in business inventories would not be included under…
Q: Suppose Eugene used to volunteer to cut his elderly neighbour's grass, but now his neighbour paya a…
A: Voluntary work is not included in the calculation of GDP. Eugene was volunteering so this will have…
Q: • Personal ineome= If you have the following data that representing an economy of a country as…
A: 1. a) GDP: GDP or gross domestic product is the measurement of the final value of all the goods and…
Q: following table shows data on consumption, investments, exports, imports, and government…
A: GDP measures the market value of goods and services produced in an economy within a given period of…
Q: The folowing are national income account data for a hypothetical economy in billions of dollars:…
A: Given, gross private domestic investment ($320) imports ($35) exports ($22) personal consumption…
Q: When opening a print shop you need to buy printers, computers, furniture, and similar items,…
A: Since you posted multiple questions, The answer to the first question is provided. If you want any…
Q: Given all the information in the table please refer and give me answer All Numbers are in S Billion…
A: At an output level of $1600, consumer spending is $1300, investment spending is $200 and government…
Q: a. The popularly known sum "C+l+G" cannot be a measure of GDP. Explain. [Hint: To make the formula…
A: The GDP is the final value of the goods which are produced domestically which are being produced…
Q: The following are national Income account data for a hypothetical economy In billions of dollars:…
A: Answer to the question is as follows:
Q: Now, from our class discussions I created an example that you inherited the company, --let’s called…
A: Gross Domestic product (GDP) is the sum total of goods and services produced and traded with in the…
Q: An American buys a pair of shoes made in Italy.How do the U.S. national income accounts treatthe…
A: A net export refers to the difference between imports and exports. Thus, an increase in imports…
Q: 3. What happens in the economy if total production (TP) is greater than total expenditures (TE)?
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The figure shows the flows of expenditure and income in an economy. In 2013, Uwas $1.0 trillion,…
A: We are given that U (G) = 1 trillion (Government spending) V = 2.5 trillion ( Private Saving) W or…
Q: b. Analyze how much Pakistan’s GDP and each of its components is affected by the following…
A: The GDP calculation is an important aspect of knowing the financial health of the country, GPD…
Q: Based on the data, how much is the net exports? net exports? A -20 120 1.580 B
A: Net exports are a measure of a nation's total trade. The formula for net exports is a simple one:…
Q: 5. (Table: National Income Accounts) Look at the table National Income Accounts. The value of…
A: here we can calculate the investment by using the national income formula , because investment is…
Q: In millions pesos 227 residential fixed 2,684 wages and other enployee supplements 422…
A: GUVEN GATA In millions pesos227 residential fixed 2,684 wages and other enployee supplements 422…
Q: ne annual output and prices of a three-good economy are shown in the table BelOW. Quantity of Goods…
A: Answer to the question is as follows :
Q: Calculate consumption expenditure given that:- APC = 0.16 Income = $5000
A: The data presented in the question above is:- Average propensity to consume = 0.16 Income = $5000…
Q: National economy is characterised by the following data: Private consumption C- 400 + 0.6*Y, Gross…
A: The National Income depicts the total income earned by normal residents during a year within or…
Q: 1. Inventory is: Group of answer choices a. the total amount of goods that a company produces now,…
A: 1. Inventory is a stock or store of goods. Every company store goods as inventory which will keep…
Q: Based on tion for each of the following functions? a. Consumption 5. Investment c. Net exports 3.…
A: (A)
Q: 4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and…
A: GDP (Gross Domestic Product): It refers to the total of market value of all produced final goods and…
Q: #1 Complete the Table (in $ millions) National Income Consumption (C) Savings (S) MPC MPS and Real…
A: Saving = Income - consumption MPC = Change in consumption/ change in income MPS = change in…
Q: Question 2 a) Give the definition of GDP and explain what items are not included in its calculation?…
A: GDP is the gross domestic product is the monetary value of the final goods and services in a given…
Q: 17 1> Search Amber Heyw Review View Help B 3 王 AABBCCL AABBCCI AaBbCc AaBbCcD AaB 1 Normal AaBbCcD…
A: Dear Student as you have posted multiple questions but we can only attempt 1 question at a time…
Q: 3. To which component of GDP expenditure (C,I,G, or NX) does each of the following belongs. A.…
A: Gross domestic production (GDP) refers to the total value of all final goods and services produced…
Q: Calculate from the followig data (a) Private income (b) Personal disposable (vi) Net current…
A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…
Q: 5. What are the four categories of expenditures which comprise GDP. (1). (2) (3). (4). That is, GDP…
A: GDP is a macroeconomic measure that is used to determine the total aggregate production in a…
Q: 18. Calculate the gross domestic product for the economy with the following data: Indicators Amount…
A: Note:- Hi! Thank you for the question, As per the honor code, we are allowed to answer one question…
Q: (a) Calculate GDP using the Income and Expenditure Approach. (all figures are in billions of…
A: Since you have posted multiple questions, as per the guidelines we can solve only one question per…
Q: Find the consumption for a country if the GDP is $700 million, investment =$300 milion; government…
A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…
Q: Which is the largest component of U.S. gross domestic product (GDP)? a) government purchases O b)…
A: GDP measures the value of final goods and services produced within the country in a specific period…
Q: Which one of these will be deducted from gross output to determine the net output? a. Intermediate…
A: Net output method is also known as value added method. It is used to measure value added by each…
Q: 9. Which of the following statements is correct? a) Investment represents household purchases of…
A:
Q: In the economy of Ukzten in 2010, consumption was $3,000, exports were $400, GDP was $5,000, imports…
A: Government spending refers to money spent by the public sector on the acquisition of goods and…
Q: Whether or not we measure the economy's expenditure or its income: O national production national…
A: The concepts like national production and national expenditure are used in calculating the national…
Q: Calculate (i) National Income with the help of Income Method, (ii) GDP at Factor Cost from the data…
A: Gross Domestic Product or GDP is a statistical measure used to calculate the total money value of…
Q: Identify the components of the GDP formula (expenditure approach). Explain how the current COVID-19…
A: The market value of all final goods and services produced in the economy over the period of time is…
Q: Jake buys a used Harley-Davidson motorcycle for $2,500. He spends an additional $950 installing…
A: Cost of used bike = $2500 US made tale pipes cost = $950
Q: Suppose in the economy of Richlandia the GDP in 2021 was $ 150 billion. Also, assume that gross…
A: "GDP measures the market value of all the final goods and services produced in an economy at a…
The transactions in Jupiter last year are in the table to the below.
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
- Agricultural price supports result in governments holding large inventories of agricultural products. Why do you think the government cannot simply give the products away to poor people?No chatgpt i will give 5 upvotes plze the information in the table to answer the folowing qustiona. Al numbers are in bilions of 2012 dolars Govermment Purchases (G) $2.00 $2.500 $2.500 $2.500 $2.500 Pianned investment ( $1.000 Net Exports (NK) Real GOP (Y) Consumption (C) $12.000 $13.000 $14,000 $15.000 $10.000 $9.500 $10.250 $1.000 -$500 -$500 -5500 -$500 -$500 $1.000 $1,000 S11,750 $1.000 $12.500 $1.000 The equibrum level of GOP is S bilion The MPC is (snter your reaponse to two decimal places) Suppose that net exporta increase by $200 blion. Using the multiplier formua, determine the new level of GOP. AS200 bilon increase in net exports leads to a change in spending of S bilion, so the new level of GDP wi be billon
- What are the main components of measuring GDP with what is demanded?Assume that for May 2021 the market for pimentos was under perfect competition with an industry price of $13.13 and quantity of 3,385 per 100 unis. i. Prove, with the aid of diagrams, that in the long run firms in the pimento industry will be experiencing normal profit. ii. Evaluate the likely effectiveness of THREE (3) changes that will be necessary for the pimento industry to move from perfect competition to oligopoly.Billion of Dollars Composition Consumption 17. 4900 Investment 1300 Government expenditures 1200 1050 Exports Imports Net foreign factor income 950 20 Based on table 1, the value of GDP is C 7,400 C 6,200 O 7,500 O 8,450
- Nimbus, Inc., makes brooms and then sells themdoor-to-door. Here is the relationship between thenumber of workers and Nimbus’s output during agiven day:Workers OutputMarginalProductTotalCostAverageTotalCostMarginalCost0 0 ____ ________ ____1 20 ____ ________ ____2 50 ____ ________ ____3 90 ____ ________ ____4 120 ____ ________ ____5 140 ____ ________ ____6 150 ____ ________ ____7 155 ____ ____a. Fill in the column of marginal products. Whatpattern do you see? How might you explain it?b. A worker costs $100 a day, and the firm has fixedcosts of $200. Use this information to fill in thecolumn for total cost.c. Fill in the column for average total cost. (Recallthat ATC T 5 C Q/ .) What pattern do you see?d. Now fill in the column for marginal cost.(Recall that MC TC 5 D ∆ / Q.) What patterndo you see?e. Compare the column for marginal productwith the column for marginal cost. Explain therelationship.f. Compare the column for average total costwith the column for marginal cost. Explain…Microsoft Word - (2)p macro HW 1 B AaBbCc AaBbCAaBbCcDc AaBbCcDc 2 ulgi 1 ülaue blout Production Year 1 Good X 50 Good Y 100 Prices ear! $1.20 S0.60 Year 2 Year 3 Year 1 $1.00 S0.60 Year3 S1.20 50 60 140 120 1-Assume that this economy produces onlytwo goods Good Xand Good Y. The value for this economy's nominal GDP in year lis 2- Assume that this economy produces only two goods Good l'and Good Y The value for this economy'snominal GDP in year 3 is 3-Assume that this economy produces only two goods Good l'and Good Y The value for this economy s nominal GDP in yea 4-Assume that this econonmy produces onlyt 1 is the base year. the value for this economy sre land Good Y If year 5-Assume that this economy produces only two goods Good land Good Y If year 1 is the base vear. the value for this economy's GDP deflator in vear 1 is 6- Assume that this economy produces only two goods Good.I and Good Y If year 1 is the base year. the value for this economy's GDP deflator in year 2 is 7- Assume…Consider the following table showing the breakdown of GDP (in billions) for China. GDP Category Amount (in billions) Wages and Salaries 1000Consumption 1700Investment 700Depreciation 50Government Expenditure100Taxes 300Exports 50Imports 40Income receipts from rest of the world10Income payment to rest of the world50 What are net exports for China? 4. Suppose that GDP in Japan is 1030 and then grows to 1160 (all numbers in billions)What is the growth rate of GDP in Japan?Use the following information to answer questions 5 through 15: The tables below show data on prices and quantities of Oranges and Shoes produced in China. Data for 2014Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes0.7 200 10 270Data for 2015Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes0.9 150 14 250Data for 2016Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes1.4 300 15 3305. Given this data, what is the Nominal GDP in 2014?6. What is the Nominal GDP in…
- Use the information in the table to answar the foilowing questions Alnumbers are in bilions of 2012 dol Plarned Investment $2.000 Governnent Purshas pert Raal GDP (Y) Conaumptien (C) $12,000 $13,000 $14,000 50,100 S7,000 $7.500 $5.000 $5.000 $5000 S5.000 $5000 $2.000 $2.000 $2.000 12000 $15,000 $8,000 $10,000 The equiibrium level of GDPSDlon The MPC (onter your reponse to two decimal places) Suppose that net epons ioese by 5400 bilion Using the mutipler formua detemine the w leval of GOP A S400 blion increase in net expota ads to a charge in spendng of illion. se the new level of GDP w be blionCommodity ROOT CROPS Unit January February March Аpril Мay 119,861 76,868 97.887 62,325 17,883 9,815 31,248 41,805 122,180 79.998 Carrots Kg Kg Kg Kg Kg Kg Kg Kg Kg 32,432 77.983 54.453 Cassava Common Yam Im ported yam Dasheen(Local) Dasheen(Imported) Eddoes (Local) Eddoes (Im ported) Sweet Potatoes (Local) Sweet Potatoes (Im ported) Ginger CONDIMENTS AND SPICES Celery Chive (L) Thyme (s) Hot Peppers (100's) Hot Peppers (40 lb) Shadon Beni Pimento (S) 29,687 4.818 363 16,235 1,906 37.506 57.780 28,321 26,325 19,492 18,210 20,413 4:798 29,952 36,180 23.580 22,770 140,389 40,674 24,887 68,625 30,835 16,560 27,253 12,263 9,280 27,792 36,450 195,121 156,648 125.726 65.380 1,980 6,480 Kg Kg 10,575 4.770 28,117 na 11,076 35.435 37.545 13,818 Bndl. 16,321 12,490 12,288 9,191 4.421 5,640 364 Bndl. 14,045 567 1,876 7,078 276 1,624 2,222 35.340 11,951 17,025 Bndl. 562 927 100's 1,225 Bag Bndl. 2,235 48,632 1,194 1,693 26,375 1,976 61,240 531 835 30,050 100's 3.571 5.910 4.492 5.750 3.385…Wha t components of GDP (if any) would each of thefollowing tt"a:nsactions affc,: t? Explain.a. Uncle Henry buys a new refrigerator from adomestic manufactu=.b. Aunt Jane buys a new house from a local builder:c. The Jackson famil}' bU}'S an old Victorian housefrom the Walker fan1ily.d. You pay a hairdresser for a haircut.e. Ford sells a Mustang from its inventory to theMartinez family.f. Ford manufactures a Focus and sells il to Avis, thecar rental company.g. Cal.ilornia hires workers to repave Highway JOI.h. The federal government sends your grandmothera Social Securil y check.i. Your parents buy a bo ttle of French wine.j. Honda expands its factory in Ohio.