consider the following hypothetical economy. The economy is closed, meaning the economy neither exports or imports. And the economy national saving us 20 trillion and government expenditure is 5 trillion. What is the level of investment

Q: In an open economy, if domestic spending exceeds output, we and net exports are import; negative…

A: The correct completion of the sentence would be:"We import the difference, and net exports are…

Q: According to the following information answer the questions. Macroeconomic Indicators: Country A…

A: Net capital inflow is calculated as the difference between the total investment and the savings of a…

Q: 10 p 4 Use the bar graph from the World View "Comparative Output (GDP) to answer one question. 206 +…

A: Given:China's GDP: 13.2 trillionNumber of workers: 685 million Average worker's productivity = GDP /…

Q: In a closed economy which are having no foreign trade what will be the relationship between the GDP…

A: A closed economy is described as an economy in which there are no trading activities with the…

Q: Fill in the blanks: The following shows information of a hypothetical economy in a given year.…

A: Y=Consumption+Investment+Government purchase+Net Exports Y=350+100+125+(60-50)Y=575+10Y=585

Q: An economy has three sectors: manufacturing, underwater basket weaving, and energy. Manufacturing…

A: The manufacturing unit sells 30% of its output to underwater basket weaving. It uses 30% of its…

Q: How will you identify the factors affecting long-term level and growth of national income?

A: National income refers to the value of the production of goods and services in an economy during a…

Q: In reference to the Philippines what can we predict for the next year of its economy?

A: The system a society uses to produce, distribute, and consume products and services is referred to…

Q: Suppose in 2018 the United States had consumption worth $13 trillion, investment worth $5 trillion,…

A: A summation of countries' final goods and services is known as Gross domestic product.. It measures…

Q: Use the following graph to answer the next two questions. 350 300- 250 200 150 100 Real GDP 50 0 0…

A: Production function shows how the real GDP depends on variable factors like capital. Production…

Q: In the economy of Ukzten in 2010, exports were $500, GDP was $6400, government purchases were $1500,…

A: GDP is the gross domestic product. GDP is defined as the market value of all the final goods and…

Q: Investments require savings. Which of these is not a component of investments in a country's…

A: Investments are defined as the production of those goods and services that are used to produce other…

Q: If a Japanese tourist drinks German beer in a hotel in New York City, how will the U.S. GDP be…

A: GDP quantifies the monetary worth of final products and services produced in a nation over a…

Q: The economy's real GDP was $140 billion in 2019 and $260 billion in 2020. Its population was 10…

A: Real GDP stands for Real Gross Domestic Product, which is a measure of the total value of all final…

Q: GDP = A , NDP = Write the number only, one decimal place; e.g. 10.0 4 A/ , NI =

A: GDP=Consumption+Gross Private Domestic Investment+Government Spending+Net Exports (Exports -…

Q: Explain (Graph and text) how would you determine the K gold level of capital and C gold level of…

A: The Golden Rule in economics typically refers to the optimal level of a variable that maximizes…

Q: The following table contains data for a hypothetical closed economy that uses the dollar as its…

A: The term "government spending" describes the cash that the government spends on various goods and…

Q: Explain the circular flow between the household sector, firms sector, financial market, and…

A: Cash flow The circular flow is the continuous flow of commodities and services, revenue, and…

Q: Wages paid to labour Household consumption spending Government Transfers Investment spending…

A: we can calculate the GDP by using different methods like , Income method , expenditure method so…

Q: Describe how Research and Development (R&D) can boost the economy ?

A: Research and development (R&D) includes the activities which the companies tend to undertake in…

Q: If national income (output) is $8.5 Trillion, Consumption is $6 Trillion, Exports are $1 Trillion,…

A: National Income or output is "the market value of all the goods and services produced within the…

Q: 24 29 13 14 006 Hal tepe Saud Arata Mece Rusie Soun Koree Ban Gemany Jpen Chna Uni Stes If 150…

A: Gross domestic product (GDP) is the usual degree of the value delivered created via the…

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: TRUE or FALSE. The household sector can outbid the office sector & manufacturing sector in areas…

A: The household sector is the sector that includes the population that satisfies their needs and wants…

Q: The nominal GDP in the country of Adra is currently $650 million. Production in Adra is unaffected…

A:

Q: Describe the four measures taken for investment?

A: Investment refers to the addition or acquisition of assets with the goal of making income or profit.

Q: Show how a GH¢2,000 increase in government spending financed by a GH¢2,000 increase in taxes will…

A: Output = Consumption spending + Investment spending + Government spending + Exports - Imports.  Y =…

Q: As an economist with the World Bank you have been asked to measure the Gross Domestic Product for…

A: Gross domestic product (GDP) measures the market value of final goods and services produced by an…

Q: Real GDP is O national income plus exports O national income minus exports O GDP divided by the…

A: Gross domestic product is the summation of a country's final goods and services. The increase in GDP…

Q: Which of the following is not correct? a Gross domestic product is both total income in an economy…

A: a Gross domestic product is both total income in an economy and total expenditures on the…

Q: Determine if each transaction is included in the Gross Domestic Product (GDP) and mark each item as…

A: " Since you have posted a question with multiple sub-parts, we shall answer the first sub-parts . To…

Q: 33. The expenditure approach to calculating GDP for an open economy entails adding consumption,…

A: The expenditure approach is a strategy for computing a country's total national output (GDP) by…

Q: In a farway country, banana is the most important crop exported to rest of the world. Data about…

A: Macroeconomics examines the working, composition, and dynamics of an economy. To comprehend and…

Q: Country A is in a closed economy. Please calculate the public, and private savings for country A…

A: Aggregate expenditure: aggregate expenditure is the sum of consumption expenditure, investment…

Q: Shane who is a farmer of a city bought a tractor worth $18,500 from an importer so that the mango…

A: The gross domestic product refers to the total amount of all the goods and services that is produced…

Q: Solve for the following (provide solutions) 1. Equilibrium Output (Y*) 2. The consumption level…

A: The equilibrium level of income in a Keynesian cross model is determined by the intersection of 45…

Q: If a nation's GDP rises, then it must be the case that the nation's Question 35 options: income and…

A: The objective of the question is to understand the relationship between a nation's Gross Domestic…

Q: The following table contains data for a hypothetical closed economy that uses the dollar as its…

A: A closed economy is an economic system that operates independently of other economies and does not…

Q: Country A does not trade with any other country. Its GDP is $30 billion. Its government purchases $5…

A: GDP is the sum of all final goods and services produced in an economy at any given point of time.…

Q: Use the following to answer questions Item In trillions of Rs. GDP 17.6 Govermment purchases 1.9…

A: Gross domestic product (GDP) is the standard measure of the value added created through the…

Q: For each form of private spending, indicate whether it represents consumption or investment. Private…

A: Consumption reflects the total expenditure made on the goods and services consumed in an economy.…

Q: 1. Using the following table (hypothetical U.S. National Income and Product Accounts Data), choose…

A: Here we are given US national income and product account data and we will use these numbers to…

Q: What is the result of investments?

A: The amount of products purchased or accumulated per unit of time that are not utilised at the…