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1. If imports are $2 trillion, exports are $1.9 trillion, consumption is $3.8 trillion, investment is $700 billion, and government spending is $1.1 trillion, how much is GDP?
2. If consumption is $2.5 trillion, investment is $900 billion, government spending is $700 billion, imports are $1.2 trillion and exports are $1.4 trillion, how much is GDP?
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- if consumption is $3.8 trillion, investment is $1.1 trillion, government spending is $1.1 trillion, imports are $1.6 trillion, and exports are $1.4 trillion, how much is GDP?1. If imports are $2 trillion, exports are $1.9 trillion, consumption is $3.8 trillion, investment is $700 billion, and government spending is $1.1 trillion, how much is GDP? 2. If consumption is $2.5 trillion, investment is $900 billion, government spending is $700 billion, imports are $1.2 trillion and exports are $1.4 trillion, how much is GDP? Example: If GDP rises from $6 trillion in 1994 to $8 trillion in 1999 and the GDP deflator in 1999 is 110, find real GDP in 1999 and find the percentage increase in real GDP between 1994 and 1999. First, we are asked to find real GDP in 1999. To do this we divide the nominal GDP, which is $8 trillion ($8,000 billion), by the GDP deflator for 1999, which is 110. This then is multiplied by 100. Real GDP in 1999 is $7,273 billion or $7.2 trillion. To find the percent change you must find the difference of real GDP between 1999 and 1994. Change in GDP = 7,232 – 6,000 = 1,232 You then take this difference and divide it by GDP in…Give typing answer with explanation and conclusion Explain why a $1 increase in government spending leads to more than a $1 increase in GDP.
- Use data below to answer the following questions:Consumption expenditures $300 billion, Government purchases $50 billionTaxes $40 billion, Investment $80 billion, Social Security payments $20 billionImports $30 billion, Exports $40 billiona) How much is GDP?b) How much are net exports?c) Social Security payments are government expenses. Should they be included in GDP? Explain.How do budget surpluses and budget deficits affect the consumption and investment components of GDPWhen a business buys a new computer to design its product, this spending is called? A. Goverment expenditure B. Investment C. Consumption D. Export
- 1.If the real GDP is 1000 and Investment is 150, Government Spending is 250 and Net Exports equals -100, then Consumption must be?If national income (output) is $8.5 Trillion, Consumption is $6 Trillion, Exports are $1 Trillion, Investment is $2 Trillion, Government Expenditures are $2 Trillion, what is the value of Imports?Suppose that there’s a recessionary gap, and the country wishes to produce its potential output. Which of the following policy initiatives might help it reach this goal? A.the government increases taxes on consumers and corporations. B.the government initiates policies that encourage private investment spending. C.the government cuts spending programs. D.the government initiates policies that discourage private investment spending.
- Country A has export sales of 20 billion, government purchases of 1,000 billion, business investment is 50 billion, imports are 40 billion, and consumption spending is 2,000 billion. What is the dollar value of GDP?If consumption expenditures are $1800 million, gross investment is $450 million, imports are $350 million, exports are $180 million, government expenditure on goods and services is $120 million, and government transfer payments are $180 million and net taxes are $250 million; a) Calculate the GDP. b) Is there budget deficit or surplus? Calculate. c) How much is the private (household) saving? d) How much is the disposable income? e) Calculate the national savings.34. The National defense consumption expenditures and gross Investment for the 4th quarter of 2019 is: $______ billions. 35. The National defense consumption expenditures and gross Investment for the 4th quarter of 2017 is: $______ billions. 36. The change in the National defense consumption expenditures and gross Investment, from 4th quarter of 2017 to the 4th quarter of 2019 is: ______ billions. 37. Comparing the change in current tax receipts (questions 16 through 18) and current expenditures (questions 28 through 30), is it fair to say that the Trump tax cut was a huge contributor to the increase in the government budget deficit? YES NO 38. Based on questions 13 through 37, which of the following seems to be the biggest contributing factor to the increase of the federal government budget deficit? a) Decease in tax revenue collected b) Increase in government social benefits c) Increase in the military budget
