GDP would be: Select one:

Use the information in the table to answer the following questions. All numbers are in billions of 2012 dollars. \table[[ Real GDP (Y), Consumption (C), \table[[Planned], [Investment (I)]], \table [[Government], [Purchases (G)]], \table[[Net Exports], [(NX)]]], [$12,000, $10, 100, $500, $2,500,- $500 Use the information in the table to answer the following questions. All numbers are in billions of 2012 dollars. Real GDP (Y) $12,000 $13,000 $14,000 $15,000 $16,000 Consumption (C) $10,100 $10.900 $11,700 $12.500 $13,300 Planned Investment (0) Government Purchases (G) Net Exports INX) $500 $2,500 -$600 $500 $2,500 -$500 $500 $2,500 -$500 $500 $2,500 -$500 $500 $2,500 -$500 The equilibrium level of CDP la bilion. The MPC is (enter your response to two decimal places). Suppose that net exports inoroase by $300 billion. Using the multiplier formula, determine the new level of GDP A $300 billion increase in net exports leads to a change in spanding of $ $billion. billion, so the new level of…

Hi I need help with this problem, please answer all of the questions

if investment is $0.5 trillion, government spending is $1 trillion, and next exports are -$0.5 trillion, the equilibrium GDP is:

Use the figure below to answer the following questions. Aggregate Expenditure (billions of 2012 dollars) 400 360 320 280 240 200 160 120 80 80 40 45° line AE 0 40 80 120 160 200 240 280 320 360 400 Real GDP (billions of 2012 dollars) The economy depicted does not engage in international trade and has no government. Planned aggregate expenditure (AE) is equal to the sum of consumption expenditure (C) and investment (I). Investment is $ billion. If investment increases by $75 billion, then real GDP increases by $ billion.

GDP in an economy is $8,000 billion. Consumer expenditures are $4,800 billion, government purchases are $1,600 billion, and gross investment is $1,500 billion. Net exports must be $_____ billion. Your Answer: Answer 4

Refer to the data for 2019 below to answer the following questions: The Equivalence of Expenditure and Income (in Billions of Dollars) Expenditure C: Consumer goods and services 1: Investment in plants, equipment, and inventory G: Government goods and services X: Exports M: Imports GDP: Total value of output % b. Corporate profits? $14,561 % 3,744 3,754 2,504 Wages and salaries Corporate profits Proprietors' income Instructions: Enter your responses as a percentage rounded to one decimal place. What share of U.S. total income in 2019 consisted of a. Wages and salaries? Income Rents Interest Taxes on output and imports Depreciation Statistical discrepancy (3,136) $21,427 = Total value of income $11,434 2,075 1,658 778 645 1,494 3,463 (120) $21,427

< 2/2 Part B GDP: Where and what is counted? For each of the following items, write one of the following in the space provided. C if the item is counted as consumption spending I if the item is counted as investment spending ▶ G if the item is counted as government spending Xif the item is counted as exports M if the item is counted as imports NC if the item is not counted in the calculation of the GDP 11. You spend $7.00 to see the latest Justin Bieber movic. 12. A family pays a contractor $100,000 for a house he built for them this year. 13. A family pays $75,000 for a house built three years ago. 14. An accountant from Ernst & Young purchases a new Italian suit. 15. The government increases defense expenditures by $1,000,000,000 16. A homemaker works hard caring for her spouse and two children. 17. Ford Motor Company buys new auto-making robots. 18. Apple Computer builds a new factory in the United States. 19. You buy a new Toyota Tacoma that was made in Japan. 20. A Japanese…

Using the domestic goods demand and net exports graphs, illustrate graphically and explain the effects of a decrease in taxes on output, exports, imports, and net exports. Label all the curves, the initial and new equilibrium points.

Discuss which of the following fall into the categories of consumption, investment, government expenditure and net exports from the Y = C + I + G + NX (X – M) identity, and whether the impact is to increase or decrease GDP. Thomas buys a new house