the table below are for the economy of Merton, which size of the GDP gap for each of the three years? Enter 2015 $725 201 (Sbillions) $75

Q: Net exports will be positive if A import > export в export > import export = import export = zero

A: The net exports are computed by taking the difference of exports and imports of a country.

Q: GDP at market prices R397bn Net primary income payments to the rest of R37bn the world Indirect…

A:

Q: Suppose that real domestic output in an economy is 100 units, the quanity of inputs is 10, and the…

A: Cost of Production is the spending that is incurred on inputs like labor, capital, and other raw…

Q: How increment in the government expenditure can overcome unemployment issue during covid-19…

A: Government expenditure is the spending done by the central or state governments, these include all…

Q: Suppose that real domestic output in an economy is 20 units, the quantity of inputs is 2, and the…

A: Productivity is defined as the output generated by one unit of input of production.  In mathematical…

Q: Double counting occurs when overstatement of GDP. included in the calculation of the GDP, leading to…

A: lets take an example of a producer A producing chocolate as his final product. now for the…

Q: We always hear about individual (and contractors) working "under the table", does this income really…

A: Black market refers to the market where commodities are traded illegally. Generally, the black…

Q: Use the information in the table below to answer Q.3.1 to Q.3.3: GDP at market prices R397bn Net…

A: The GNP at market price(MP) shows us the value(in monetary terms) of all the finished goods &…

Q: What would happen to the level output income if the government increase tax collections on personal…

A: Tax Multiplier = - MPC/(1-MPC) We are going to calculate tax multiplier to answer this question.

Q: You are given the following GDP data (in millions of dollars) for Canada for a give GDP: 1,720,748…

A: Gross domestic product is a monetary measure of the market value of all the services and final goods…

Q: Refer to the information provided in Table Table Federal purchases of goods $Billions 800 Services…

A: The physical investments that are in a country's economic activity and the calculation of its gross…

Q: Eastlandia's GDP in 2021 is $18229. Government budget deficit in 2021 is $64.2. Government debt at…

A: When government spending is larger than taxes, then the government budget is in deficit. When…

Q: Please draw a change that raises the final incomes of the poorest households, but doesn't raise…

A: To raise the final income of the poorest without changing the spending, the new policy line must cut…

Q: Household consumption is affected by which of the following? Interest rato

A: Household consumption is affected by various factors.

Q: If households pay $1,000 in interest payments and receive $1,200 in interest, wages equal $9,000,…

A: The gross domestic income measures the economic activity of a country by summing up the income…

Q: 106. Which of these would be included in Canadian consumption? A French resident buys a new house in…

A: Answer - Need to find - Which of these would be included in the Canadian consumption  Evaluating the…

Q: Consider the following table: Billions of dollars $13,300 1,450 1,250 GDP Depreciation Corporate…

A: Note:- Since we can only answer one question at a time and the exact one is not specified, we'll…

Q: State with valid reason, which of the following statement is true or false: a. Gross Value Added at…

A: An intermediate good, also known as a consumer good, is a product that is used to create a final…

Q: Use the information in the table below to answer Q.3.1 to Q.3.3: GDP at market prices R397bn Net…

A: Net national income at factor cost can be calculated by6 using the following formula.

Q: In a particularly small region in the Philippines, the consumer price index C depends on E, the…

A: Inflation means the rise in the price level of goods and services over a period of time. It means…

Q: The consumer price index measures ) the cost of all goods and services produced in the U.S. economy.…

A: The consumer price index (CPI) measures the change in prices in a basket of goods and services, such…

Q: Potential GDP is at 500 trillion, actual GDP is at 375 Trillion. What is the gdp gap?

A: The full form of GDP Gross Domestic Product broadly means the quantitative measure all the economic…

Q: Year GDP Disposable Income Consumption Imports 2036 $1050 $840 $830 $111 What is the marginal…

A: The marginal propensity to import is the adjustment of imports prompted by an adjustment of…

Q: The following table shows the national income data for an economy in year 2020. ITEMS RM (Million)…

A: The measure that depicts the final value of goods and services produced in an economy during a given…

Q: Given the following equations for an open economy: P Y= C + I" + G + NX C = 500 + 0.8Y, where Y, is…

A: At equilibrium, aggregate expenditure is the sum of consumption, investment, government spending and…

Q: You have the following information: employee compensation $3.5 trillion net interest $1.3 trillion…

A: Use the below formula for the calculation: Net National product= Employee compensation + Net…

Q: If a real estate agent sells a house for 364,217 dollars that the previous owners had bought 13…

A: GDP (Gross domestic product) refers to the total value of finished goods and services that produces…

Q: Question 22 Which of the following is included in the government purchases category of gross…

A: Answer: The government purchases category of GDP includes the spending of government to purchase…

Q: Why do national income accountants include indirect business taxes in the income approach to GDP…

A: The income approach determines the cost of production, and then adjusts it to equal the market value…

Q: The actual GDP is currently $100 billion per year and potential real GDP is currently $200 billion.…

A: Use the below formula: GDP gap = Potential GDP - Actual GDP

Q: Given that a=270,b=0.8,I=150, and G=60.Find the equilibrium level of national income.

A: Let the consumption function be given by C = a + bY Here, a = 270, b = 0.8 Also, I = 150, G = 60

Q: In a particular very small region, the consumer price index, C, depends on the current value of…

A:

Q: In a particular very small region, the consumer price index, C, depends on the current value of…

A: Given information C=100+e-EPF where, C = Consumer Price Index E = Gross Domestic Regional…

Q: Eastlandia's GDP in 2021 is $12494. Government budget deficit in 2021 is $63.7. Government debt at…

A: Budget deficit: - Government budget deficit is the condition in which the government spends more…

Q: In a particular very small region, the consumer price index, C, depends on the current value of…

A: Given, The formula for consumer price index (C) is given as: C=100+e-EPF where, E= Gross regional…

Q: To determineThe government expenditure required to retain the full employment level in the economy

A: Consider the economy is facing a crisis due to a complete lack of aggregate demand. We can even use…

Q: Given the following equations for an open economy: P Y= C + I" + G + NX C = 500 + 0.8Y, where Y, is…

A: The gap between potential GDP with current GDP can be with inflationary or Deflationary.…

Q: Consider the following components of GAVbp: Agriculture, Forestry and Fisheries = 2072 Industry =…

A: Given: Agriculture, Forestry and Fisheries = 2072Industry = 18723Services = 34195Indirect taxes net…

Q: Assume that a three-sector economy in Country W. The amount of autonomous consumption is RM300…

A: The given information: Autonomous consumption=RM300+0.5Yd T=0.2Y I=RM 250 million G=RM150 Million

Q: Consumption Gross Government Real GDP (after taxes) Investment Net Exports Purchases $0 -$20 $10 $+5…

A: The Gap Between real Gross domestic production and GDP at full employment is known as the…

Q: In an economy find national income if NNPMP is $36,000 and net indirect tax is $22000

A: The information being given is:- Net national product at market price = 36000 Net indirect taxes =…

Q: During the 2012 fiscal year, households in an economy spent 80 per cent of their disposable  income…

A: Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts for…

Q: In an economy national income increases by $900 billion as a result of increase in the invesment by…

A:

Q: True or False: Welfare payments for programs are counted in GDP. Explain why they are or are not

A: Welfare payments are part of transfer payments and not counted in GDP because they donot add value…

Q: Refer to the information provided in Table Table $Billions 600 Durable goods Nonresidential…

A: Given    $ Billions Durable goods 600 Nonresidential investment 400 Federal purchases of…

Q: Suppose that real domestic output in an economy is 20 units, the quanity of inputs is 2, and the…

A: Given  Real domestic output in an economy is 20 units. The quantity of inputs is 2. The price of…

Q: This expenditure (formerly general government consumption) includes all current government…

A: Introduction   Government spending or expenditure refers to money spent by the public sector on the…