Attached is a table, please use it to answer: 2018 Exports Answer (Remember to show work): ### US Economic Data OverviewThe table presents economic data from the United States, showcasing the values in billions of current dollars across four key years: 1998, 2008, 2018, and projected for 2028. #### Categories1. **Gross Domestic Product (GDP)**: - 1998: Data not provided - 2008: $14,712.8 billion - 2018: $20,494.1 billion - 2028 (projected): $30,493.1 billion2. **Personal Consumption Expenditures**: - 1998: $5,877.2 billion - 2008: $9,976.3 billion - 2018: $13,948.5 billion - 2028 (projected): Data not provided3. **Gross Private Domestic Investment**: - 1998: $1,736.7 billion - 2008: Data not provided - 2018: $3,650.1 billion - 2028 (projected): $5,822.0 billion4. **Government Expenditures**: - 1998: $1,611.6 billion - 2008: $2,982.0 billion - 2018: $3,520.8 billion - 2028 (projected): $4,741.3 billion5. **Exports**: - 1998: $953.0 billion - 2008: $1,837.1 billion - 2018: Data not provided - 2028 (projected): $3,891.0 billion6. **Imports**: - 1998: $1,115.7 billion - 2008: $2,560.1 billion - 2018: $3,156.7 billion - 2028 (projected): $4,711.5 billionThis table provides a detailed quantitative view of the economic growth and forecasts in various sectors over a 30-year span, highlighting trends in national consumption, investment, government spending, and trade.

Answer: Given values (2018): Gross Domestic Product=$20,494.1Personal Consumption…

Answered: Attached is a table, please use it to…

Business

Economics

Attached is a table, please use it to answer: 2018 Exports Answer (Remember to show work):

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: A6 “Commodity-rich Australia is one of the very few countries to receive an economic growth upgrade…

A: Natural Rate of Unemployment is the rate of unemployment when the GDP is at its potential level and…

Q: The ‘current account’ includes records of a country’s: Select one: a. net exports. b. net primary…

A: Current account plays a major role in understanding how an economy is performing in a given time…

Q: Below is a table of exchange rates and GDPS (Gross Domestic Products) for a variety of imaginary…

Q: If balance of trade is negative, Xn is negative number. The impact of Xn is A. GDP will become…

A: GDP is the gross domestic product. GDP consists of consumption , investment, government spending,…

Q: Analyze Singapore’s balance of payments to examine the economic importance of changes in net foreign…

A: The covid 19 has brought a negative impact on country S's BOP. The BOP records the country's trade…

Q: Why are the export receipts are not a part of net factor income from abroad give two reasons!

A: According to the given question Export receipts in simple words we can state that it is basically or…

Q: Under the Trump administration, imports from the EU were tariffed. How did this action change the…

A: Ans. In step 2

Q: Given the following:  The population of a country is 4.2 million.  The GNP in million $ is 6132.…

A: Exchange rate is the rate at which nations currencies are exchanged . And Per capita income is the…

Q: The exports of visible goods is worth $30 million and the imports of visible goods is $15 million…

A: Between producers and consumers, trade can take place inside an economy. International commerce…

Q: e Coast es incements Question 42 (Table: U.S. International Trade in Goods and Services, 2016, in…

A: According to the data it is given that the Exports = 2,215,844 Imports = 2,717,846 Here the amount…

Q: eurobarometer from 2019 and describe it?

A: The Eurobarometer survey from 2019 focused on the opinions and attitudes of European citizens…

Q: The following table presents international flow values information for a country, expressed in…

A: Trade balance refers to the difference between the value of goods and services that are exported and…

Q: What is the value of the balance of trade? balance of trade: $ What is the value of the current…

A: Balance of trade refers to net value of trade which can be calculated through difference of total…

Q: how is the balance of payments linked to national saving and investment? explain.

A: Balance of Payment: The systematic track record of the economic transactions between the public or…

Q: Services Investment Income 195 50 23 0 417 Transfers Asset Sales What is the balance on goods for…

A: The main economic activities of a nation, such as its capital markets and services, are included in…

Q: What will be the Trade balance if the Exports are 280888 and the Imports are 1799002.

A: Trade Balance is an generally and merely an alternative economic model to free value of the trade…

Q: 4.2 million people make up a nation's population. The GNP is 6132 million dollars. The per capita…

A: Each nation chooses the regime of exchange rates that will be used for its respective currency. A…

Q: Using the table, Calculate the Net Barter term of trade for each year using 2010 as the base year

A: Introduction: The ratio of a country's export prices to import prices is represented by terms of…

Q: If balance of trade is positive, Xn Is a positive number. The impact of Xn is A. GDP will become…

A: A country that has a positive trade balance is considered to be a net exporter, meaning that it…

Q: Suppose that in our economy Income = Expenditure. If G = 1100, T = 900, S = 50, and I = 90. The…

A: Given : We have an economy where Income = expenditure

Q: Schrems II makes it easier for US companies to transfer data from the EU to the US. True False

A: The verdict of data privacy continued to prevent businesses in order to carry out basic transfers of…

Q: iscuss the difference in GDP per capita using the two different exchange rates. Which one is larger?…

A: GDP is the total value of goods and services that are produced in the country.

Q: -Imports -Exports -Real Exchange Rate Nominal Exchange Rate Quarterly Time Period 2000Q1 2000Q3…

A: Imports refer to goods and services that are brought into a country from another country. On the…

Q: The table shows the value of exports and imports for the small country of Cherubland. Their chief…

A: Exports and imports refer to the trade of goods and services between countries. Exporting is the act…

Q: A car costs $30,000 in the United States and 3,300,000 yen in Japan. The exchange rate is $1 = 102…

A: Purchasing power parity (PPP) is a popular metric used by macroeconomic analysts that compares…

Q: What is the current account status of the United States. Comment on the current status (is it…

A: A country's current account tracks the value of its exports and imports of commodities and services,…

Q: Very short answer question (1) What is meant by current account

A: A country has many transaction with the outside of the world due to international trade and…

Q: Country Saland Curreney Venabo Currency per Canadian Dollar Canadian Price Index Country Price Index…

A: Meaning of Purchasing Power Parity (PPP): The term purchasing power parity refers to the situation…

Q: If a Canadian corporation sells a product to the United States and uses the proceeds to purchase a…

A: Net exports refer to the value of a country's exports minus the value of its imports.Net capital…

Q: QUESTION 4 Consider the following two figures. Japanese Yen per 1 US Dollar Graph Danish Krone per 1…

A: A fixed exchange rate is one in which the government sets the rate; on the other hand, a flexible…

Q: Reviewing The Big Mac Index, please discuss one currency listed on the index. What are the economic…

A: The Big Mac Index is a tool created by The Economist in 1986 to measure purchasing power parity…

Q: Distinguish between Exchange Rate Method and Purchasing Power Parity as methods of comparing Country…

A: The measure that depicts the rate of one currency being measured in terms of another currency is…

Q: Consider the following open economy. Real GDP 1,000 Consumption 778 Government Expenditures 144…

A: When the economy is in equilibrium, the leakages must be equal to injections. Leakages are taxes,…

Q: QUESTION 20Suppose there is a rise in foreign output, Y*. This rise in Y* will cause which of the…

A: The income of the foreign(Y*) will determine the export of the domestic country. There is thus an…

Q: a: What do you mean by import tariff and import quota? Take an example and discuss the difference…

A: International trade refers to the exchange of goods, services, and capital between countries. It…

Q: Do government and trade balances (NX) move in the same direction? In a. opposite directions? Build a…

A: The trade balance is the net amount of a country's products exports and imports before all money…

Q: Using the data calculate the balance on current account for this economy. The value of the current…

A: The current account in the balance of payments is a record of a country's international transactions…

Q: The following table shows some national accounting data for a given year for a hypothetical country.…

A: Exports are products and services that are manufactured internally and acquired by outsiders. This…

Q: Find any three saarc countries, CPI from internet, and then find out real exchange rate.

Q: Show an effect of a sale of dollars and a purchase of foreign assets (unsterilized intervention).…

A: The term unsterilized foreign exchange intervention implies to how a country's monetary authorities…

Q: What are the expenditure changes police’s that are used to cure unemployment when a nation faces…

A: Expenditure policies are those that, by controlling aggregate demand, change the level of economic…

Q: Country Currency Currency per Canadian Dollar Canadian Price Index Country Price Index Bolivia…

A: Price Index- it is a tool used to measure price changes over time. It reflects the effects of…

Q: Beriefly explain why intrest rate and net export are inversely related in equation…

Q: If the balance of trade are stated as 750 and the imports of goods are 650 find the export o

A: Balance of trade is the difference between the country's export and country's import. i.e., Balance…

Q: In the summer of 2018, you took a vacation and visited several destinations in France, including the…

A: The balance of trade, also known as the commercial balance or net exports, is the monetary value…

Q: Exports of goods and services imports of goods and serviİces Net incurrence of financial assets 2550…

A: The current account balance would be one of the main part of the balance of payments. The current…

Q: Consider the following two figures. Japanese Yen per 1 US Dollar Graph Danish Krone per 1 Euro Graph…

A: The fixed and flexible exchange rate is the rate at which one currency is exchanged from another.…

Q: Sale of Machinery to abroad is recorded in the current account. True/False

A: All the transactions of a country occuring on the international level are recorded in the balance of…

Q: The tables contain the current account data for a small country. All values are in millions of…

A: The balance of payments is significant because it provides useful insights about a country's…

Question

Attached is a table, please use it to answer:

2018 Exports Answer (Remember to show work):

### US Economic Data Overview

The table presents economic data from the United States, showcasing the values in billions of current dollars across four key years: 1998, 2008, 2018, and projected for 2028.

#### Categories

1. **Gross Domestic Product (GDP)**:
- 1998: Data not provided
- 2008: $14,712.8 billion
- 2018: $20,494.1 billion
- 2028 (projected): $30,493.1 billion

2. **Personal Consumption Expenditures**:
- 1998: $5,877.2 billion
- 2008: $9,976.3 billion
- 2018: $13,948.5 billion
- 2028 (projected): Data not provided

3. **Gross Private Domestic Investment**:
- 1998: $1,736.7 billion
- 2008: Data not provided
- 2018: $3,650.1 billion
- 2028 (projected): $5,822.0 billion

4. **Government Expenditures**:
- 1998: $1,611.6 billion
- 2008: $2,982.0 billion
- 2018: $3,520.8 billion
- 2028 (projected): $4,741.3 billion

5. **Exports**:
- 1998: $953.0 billion
- 2008: $1,837.1 billion
- 2018: Data not provided
- 2028 (projected): $3,891.0 billion

6. **Imports**:
- 1998: $1,115.7 billion
- 2008: $2,560.1 billion
- 2018: $3,156.7 billion
- 2028 (projected): $4,711.5 billion

This table provides a detailed quantitative view of the economic growth and forecasts in various sectors over a 30-year span, highlighting trends in national consumption, investment, government spending, and trade.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Using the method introduced in the video calculate Net National Product. Show answer choices $6,565 $6,665 $6,765 $6,865\table[[ Dollar Values], [Durable Goods, $150 Durable Goods Services Consumption Depreciation Investment Government Purchase Exports Income Receipts from the rest of the world Nondurable Goods Net Exports Income payments to the rest of the world Dollar Values $150 $900 $1,300 $250 $3,150 $2,800 $2,000 $35 $250 -$350 $20
Export of goods are = $508 Imports of goods are = $705 Balance of trade =?
Consider the following open economy. Real GDP Consumption Government Expenditures Investment Exports Taxes Transfers 1,000 800 115 280 22 195 79 What is net foreign investment (NFI)? Round to two decimal places, enter the negative sign if appropriate, and do not enter a currency symbol. If your answer is $1.125, enter 1.13.
Choose the correct ordering of countries in purchasing power parity adjusted per capita income (from highest to lowest) i. China, Mexico, Korea ii. Mexico, Korea, China iii. Korea, Mexico, China
The United States exports14%ofGDP while Germany exports about 50% of it sGDP.Explain wha ttha tmeans.
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
When exports and imports are exactly equal for a country, this is called... Net imports. Trade surplus. ⒸNet exports. Trade deficit. Balanced trade.
Answer the attached question
Consider the following data from the UK's national accounts in 2015. What is the UK's current account balance? Imports of goods & services 327,000 Net transfers 18.000 Exports of goods & services 422,000 Net interest 6,000 A. -107,000 B. -83,000 C. 119,000 D. 83,000
The following table presents international flow values information for a country, expressed in generic units. Exports of goods: 4,000 Exports of services: 2,500 Investment income receipts: 1,600 Secondary income receipts: 400 Imports of goods: 1,200 Imports of services: 5,000 Investment income payments: 2,300 Secondary income payments: 100 Calculate the country's trade balance. Type your answer...
Example of the balance of payments and how we can measure it?
Please help with the two questions