Answered: Find the value of exports if net…

Business

Economics

Find the value of exports if net exports is $310 million and imports are $130 million

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: Jacques, a resident of France, goes to Germany to buy a brand-new car for €15,600.00. He then brings…

A: GDP is the all final value of goods and services that produced in a nation in a specific period of…

Q: What is the relative importance of Net Export (NX) (Net Export = spending on exports (X) - imports…

A: Net exports show the demand for foreign products, as well as foreign demand for domestic goods. It…

Q: Given the following: consumption = 400, investment = 300, government expenditure = 150 and net…

A: Economy's GDP Y = Consumption + Investment + Government expenditure + Net export

Q: In an economy:- Exports = $800 million Imports = $730 million Calculate the value of net exports

A: The information being given is:- Exports = $800 million Imports = $730 million We have to find net…

Q: Answer the following questions from the given Table below which contains data for Saudi Arabia for…

A: Consumption is known as the expenditure incurred on the purchasing of goods and services by the…

Q: Since it is counted as an investment, why doesn't the purchase of equipment from Caterpillar (a U.S.…

A: Gross domestic product estimates the money-related worth of definite labor and products that is,…

Q: Calculate net exports if it's given that exports is $350 million and imports is $100 million

A: We need to calculate the value of net exports with given information:- Exports in the economy = $350…

Q: Calculate net exports given that exports is tripple that of imports and imports are $130 million

A: The data presented in the question is:- Imports = $130 million Exports = 3 times imports = 3 ( 130 )…

Q: Find exports if net exports is $150 million and imports are $180 million

A: The Given information is as follows:- Net exports = $150 million Imports = $180 million We have to…

Q: Calculate the value added by the firm if it is give that domestic sales of firm is $9000 , exports…

A: The data presented in the question is as:- Domestic sales = $9000 Exports = $3300 Purchase made by…

Q: Answer the following questions from the given Table below which contains data for Saudi Arabia for…

A: Government expenditure includes all the money that the government spends on various programs and…

Q: Which of the following best defines aggregate demand? It is the total amount spent by all consumers,…

A: National income refers to the total amount of money earned within a nation.

Q: Complete the sentences. The goods and services that we sell to people in other countries are The…

A: Net export refers to the the amount by which the total value of exports of a country surpasses or…

Q: If Liu buys new cookbooks to use in her restaurant, this purchase would be included in GDP as: none…

A: Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced in a…

Q: If net Exports is $100 and exports are $250 Find imports

A: The data presented in the question above is :- Net exports = $100 Exports = $250 Imports are to be…

Q: Below is economic data for Germany for 2016 (measured in billions of current euros). What was total…

A: Total Spending is known to be as the spending which mainly means that when a person spend money for…

Q: is added to exports when calculating U.S. GDP because imports reflect spending by Americans?…

A: The value created by production of all the services and goods in a specific period of time within…

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: Why are imports subtracted when GDP is calculated in the expenditure approach

A: The gross domestic product (GDP) is the sum of the market values of all finished goods and services…

Q: If net exports are $300 and in the country the exports are double that of imports Calculate the…

A: According to the above mentioned question, the values are:- Net exports = $300 million Also the…

Q: If consumption is $8 billion, investments is $4 billion, government purchases are $2 billion,…

A: Government purchase denotes the certain expenditure on the economics services and the goods by body…

Q: What is the value for net exports if consumer spending is $21,049, gross private domestic investment…

A: Net exports refer to the value of a country's total exports of goods and services minus its total…

Q: Answer the following questions from the given Table below which contains data for Saudi Arabia for…

A: Under the expenditure approach, the sum of amount spent by the household sector, business sector,…

Q: In Vietnam in 2022, companies spend $7 millions, consumers spend $10 millions, government spends $8…

A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…

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: If exports drop by $10 billion and imports rise by $7 billion, then what's the net export change?…

A: Export means goods and services produced in a domestic country and sold in the rest of the world.…

Q: The following are national income account data for a hypothetical economy in billions of dollars:…

A: Net exports, also called trade balance, is the net demand for domestically created goods and…

Q: The table below shows the values for several different components of GDP. Billions of Dollars $ 250…

A: The table containing the information about various components of GDP are given below.…

Q: If the value of an economy's imports exceeds the value of that economy's exports, then net exports…

A: The domestically produced goods and services which are sold in the foreign market is known as the…

Q: Consider country A. Its GDP is 500, and its income payments to foreign countries is 10 and its…

A: GDP=500income payments to foreign countries=10receipts from foreign countries=8

Q: Since it is counted as an investment, why doesn't the purchase of equipment from Caterpillar (a U.S.…

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

Q: The national income (Y) of a country has the form: Y = 0.48K0.4L0.3NX0.01 Where: K is capital, L is…

Q: What is export,import rate and net export reflecting in terms of GDP of a country? What it indicates…

A: Money has been developed since the ages and people use money for various purposes and transactions.…

Q: Imports enter the calculation of GDP Multiple Choice with a positive sign. with a negative sign.…

A: In calculating GDP, five components are broadly included that are: Consumption Imports Government…

Q: The Bureau of Economic Analysis has recently released the following information for the most recent…

Q: Consider each of the following items. Should it be counted as part of U.S. GDP? If so, in which…

A: GIVEN Consider each of the following items. Should it be counted as part of U.S. GDP

Q: If the value of net exports is -30 Million and value of exports is $20 million Calculate the value…

A: We are clearly given that the value of net exports is -30 Million which is negative. Also the value…

Q: Net exports are defined as: A. exports plus imports minus tariffs. B. imports minus exports C.…

A: Export are the goods and services sold to other country. Imports are the goods and services…

Q: If exports are $390 and imports is $200 Calculate net exports

A: According to the question:- Exports = $390 Imports = $200 We have to calculate net exports

Q: Suppose that Poland had exports of $100 billion in 2014 and imports of $150 billion. What were its…

A: The total amount of money coming into and going out of a nation is represented by net capital flows.…

Q: Find the value added by a firm given that:- Domestic sales by firm = $5500 Exports by firm =…

A: The data presented in the question above is:- Domestic sales by firm = $5500 Exports by firm =…

Q: Find net Exports if :- Exports = $4300 million Imports = $3600 million

A: The data presented in the question above :- Exports = $4300 million Imports = $3600 million…

Q: are savings and spending on imports included in aggregate expenditure

A: Aggregate expenditure is used to assess and evaluate a country's overall economic activity or total…

Q: Is a family a household? Is a household a family? Which sector (Households, Businesses, or…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Calculate exports of firm A if its value added is $5000 million, domestic sales is $3200 and…

A: The information being given as:- Value added by firm = $5000 Domestic sales = $3200 Purchase = $1000…

Question

Find the value of exports if net exports is $310 million and imports are $130 million

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

Given the following information below in billions net domestic product is: Expenditures for consumer goods and services 4,565,Exports 740,Government purchases of goods and services 1,465, Social security taxes 510, Net investment 225, Indirect business taxes 520, Imports 825, Gross Investment 865, Corporate Income Taxes 185, Personal income taxes 750, Corporate Retained Earnings 45, Net foreign factor income 20, Government transfer payments to households 690, Net interest payments to households 0.
What would be the value of national income if net domestic product at factor cost is $39,000 and the net factor income from abroad is $12,000
Net exports are –Php114 billion and exports are Php857 billion. What are imports?
Given the following: consumption = 430, investment = 300, government expenditure = 150 and net export = -70, what is the economy’s GDP ?
Discuss the items excluded from the calculation of Grss Domestic Product (GPD) and explain why in four to five paragraphs
Gross domestic product is calculated by adding together f5 % 5 consumer spending, government spending, and all imports. consumer spending, investment spending, and net exports. consumer spending, government spending, and all investments. consumer spending, investment spending, government purchases of goods and services, and net exports. T f6 < 4- 6 f7 & 7 hp H fg বির * 8 fo DII 9 f10 DDI W
If a French citizen buys a bottle of wine from California, then U.S. consumption increases, U.S. net exports increase, and U.S. GDP increases. U.S. consumption stays the same, U.S. net exports increase, and U.S. GDP is unaffected. U.S. consumption increases, U.S. net exports increase, and U.S. GDP is unaffected. U.S. consumption stays the same, U.S. net exports increase, and U.S. GDP increases.
Net exports are -$114 billion and exports are $857 billion. What are imports?
Find the value of national disposal income if National consumption expenditure is $230 million and national saving is $110 million
What is the value for net exports if consumer spending is $24,258, gross private domestic investment is $8,082, government purchases are $9,528, exports are $1,542, imports are $2,447, wages are $11,481, and indirect business taxes are $1,229? Other potentially useful components are unknown. Enter the value without a $ and without commas.
Calculate imports in 2020, if exports in 2020 were $21,000 and the net exports is $11,500
What will be the value of exports if net exports is $1000 million and imports are $3300 million