if the total imports is greater than total exports the answer will be negative in GDP?

Q: Net exports will be positive if A import > export в export > import export = import export = zero

A: The net exports are computed by taking the difference of exports and imports of a country.

Q: Given the following: Ca = $450, Ig = $250, Xn = − $10, and G = $30, what is the economy’s…

A: GDP = Consumption + Investment + Government expenditure + Net export

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: Given the following: Ca = $100, Ig = $50, Xn = − $10, and G = $30, what is the economy’s equilibrium…

A: GDP = Consumption + Investment + Government expenditure + Net export

Q: what factors/components impact the decrease in GDP?

A: Gross domestic product is the monetary value of every completed great and services made inside a…

Q: Is the underground economy included in GDP?

A: Underground economy or shadow economy is the economy working under the government system that is not…

Q: What will be the ultimate effect on GDP and P?

A: The market is in equilibrium at the point where the demand is equal to supply. GDP refers to the…

Q: Use the information in the table below to answer  GDP at market prices R397bn Net primary income…

A: The difference between the value of gross national product and depreciation is referred to as net…

Q: Why should policymakers care about GDP?

A: GDP is the gross domestic product which provides with the value of each and every good and services…

Q: Why do we subtract import spending from total expenditures while calculating the GDP?

A: Imports are the goods and services that are bought from the rest of the countries to our country.…

Q: what have we learned from the recent changes in GDP so far this year in 2022?

A: Introduction According to the World Bank's newest Global Economic Prospects report, the global…

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

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

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: Larry and Megan Smith live in Swarthmore, PA. Megan's father, Raphael, lives in Sweden. For each of…

A:

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: What is % of all the Investment in total GDP

A: GDP is measured using the formula = consumption + Investment+ Government expenditure - (Net Exports)…

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 4 things are excluded from GDP?  Why are they excluded?

A: GDP is that the final value of all the commodities produced within the boundaries of a country…

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: What is the impact of spending changes on GDP?

A: Aggregate demand is the total demand in a given period for a particular price level in the economy.…

Q: Would you usually expect GDP as measured bywhat is demanded to be greater than GDP measured bywhat…

A: Gross domestic product (GDP) is that the total financial or market price of all finished products…

Q: The GDP understates national well-being because no allowances are  made for people not working as…

A: Yes, the assumption that GDP understates national well-being because no allowances are  made for…

Q: It is expected that in the next twenty years the gross domestic product of China will become larger…

A: While comparing the GDP in both countries, China becomes larger than the United States. This means…

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: For each of the following say where they will show up in GDP calculations (i.e. under C, I, G,…

A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…

Q: After reading the statement below you will choose 2 answers! Determine where this transaction…

A: The economies tend to work upon the basis of the expenditures which various entities get involved…

Q: How does the GDP deflator deal with imports?

A: In an economy, inflation represents overall price change and it is measured in different ways such…

Q: Which are included and excluded from GDP? Why?

A: GDP (Gross domestic product): It refers to the value of final goods and services produced within the…

Q: Which of these would be a drain on the GDP A. negative net exports B. positive net exports

A: GDP is production of goods and services during an accounting year.

Q: Why do you think that GDP does not grow at a steady rate, but rather speeds up and slows down?

A: Gross domestic product (GDP) is the standard measure for creation of value being added in a country…

Q: Gross Domestic Product (GDP) is completely supply-determined." Do you agree or disagree? Why?

A: The central standard of the classical hypothesis is that the economy is self‐regulating. Classical…

Q: Is a larger GDP always better than a smaller GDP? Explain your answer with an example

A: Gross Domestic Product is the value of all the domestically produced goods and services. It…

Q: If KLM, a Dutch company providing air travel, buys airplanes from a French manufacturer, how does…

A: Given information: *KLM is a Dutch company *French manufactures the airplanes

Q: How is GDP a false beacon?

A: "Gross domestic product is the money value of all goods and services produced in the domestic…

Q: Can GDP be used as a perfect measure of welfare/ well-being?

A: GDP: Gross domestic product estimates both the economy's absolute pay and the economy's complete use…

Q: How could we increase GDP?

A: GDP (Gross Domestic Product): It refers to the value of production of all final goods and services…

Q: Which of the following is a short coming of GDP? a.GDP excludes changes in inventries. b.GDP…

A: GDP measures the final value of all goods and services that are produced within the domestic…

Q: Which of the following transactions should or should not be counted in GDP? Answer Yes or No  and…

A: Consumer spending, investment spending, government spending, and net exports are all components of a…

Q: Which of the following is a shortcoming of GDP?a. GDP excludes changes in inventories.b. GDP…

A: Gross Domestic Product is the income, output and expenditure on the economy's output of commodities…

Q: Consider the following economy C=1000 + 08YD T=0 25Y 1= 325 G = 225 X=450 M 0.1Y Equilibrium GDP…

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

Q: Distinguish the GDP and GNP with example?

A: Gross domestic product is defined as the total worth of all final goods and services produced in a…

Q: What are the main components of measuring GDP with what is demanded? (briefly)

A: aggreagate demand is defined as the total demand of goods and services within an economy. Now, AD =…

Q: What is the GDP gap

A: The Gross Domestic Product or the GDP is the summation of money value of all the final goods and…

Q: For each of the following say where they will show up in GDP calculations (i.e. under C, I, G,…

A: GDP refers to the value of the final production of all the services and goods within the nation in a…

Q: Why is it desirable for a country to have a large GDP? Give an example of something that whould…

A: It is desirable for a country to have a large GDP because GDP or gross domestic product is a popular…