item billions of dollar consumption ependiture 6258 investment 1623 government expenditure on goods and services 1630 exports of goods and services 998 imports of goods and services 1252 The table above gives the values of different expenditures in the United States during 1999. Answer the following questions about the United States. What was the value of net exports of goods and services in 1999? What was GDP equal to in 1999?
Q: The following table shows data on consumption, investments, exports, imports, and government…
A: Gross Domestic Product (GDP) is the sum of aggregate expenditure incurred by the various sectors in…
Q: 4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and…
A: Answer: Net export: net export refers to the difference between exports and imports. Net…
Q: [Related to Solved problem] Suppose that a simple economy produces only the following four goods and…
A: here we calculate the nominal GDP for the year 2018 by using the given information , so the…
Q: 4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and…
A: The net export of Goods and Services means the country's total export minus total import. That is,…
Q: Artica is a nation with a simple economy that produces only six goods: oranges, bicycles, magazines,…
A:
Q: Choose the correct answer and write only the corresponding letter 1.1 The three major flows in a…
A: Macroeconomics is the branch of economics that studies the behaviour of agents at an aggregate…
Q: Use the following table to answer the next question. The following national income data for an…
A: Gross Domestic Product (GDP) is the value of final goods and services produced within the domestic…
Q: Q5 b: Analyze how much Pakistan’s GDP and each of its components is affected by the following…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: 3. Categories of expenditures Tim and Alyssa Espinosa live in Swarthmore, PA. Their son, Brian, owns…
A: The components of GDP are consumption spending, investment spending, government purchases and net…
Q: produces hotdogs and buns in the following quantities and prices in 2016 and 2017. Assume also that…
A: GDP measures the market value of goods and services produced in an economy within a given period of…
Q: Create a graph for the aggregate expenditures (AE) model in Excel using the data from Table 1: A…
A:
Q: Calculate the four components of aggregate expenditure and GDP for the following economy using data…
A: GDP = C + I + G + NX where C = Consumption expenditure I = Investment G = Government spending NX =…
Q: Domestic GDP Expenditure Exports Imports Total Expenditures (Y) C + I + G (X)…
A: The expenditure approach is the most common method in calculating GDP. Under expenditure approach…
Q: Gross Domestic Product Explain how net exports affect the US economy. Describe both positive and…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The following table shows data on consumption, investments, exports, imports, and government…
A: Consumption is the total household expenditure on final good and services. Investment is the…
Q: The following table contains the most recent household expenditure data from FRED*. *Real-time data…
A: The consumption expenditure is also known as personal consumption expenditure. It is a part of the…
Q: The following table shows the composition of GDP in 2015 for a hypothetical country. Complete the…
A: The gross domestic product (GDP) is the total market value of goods and services produced by a…
Q: Calculate the four components of expenditure and GDP for the following economy using data from the…
A: Consumption expenditure is given: $600 Investment Exoenditure= Construction of new himes and…
Q: Use the following data to work Problems 16 and 17. The table lists some macroeconomic data for the…
A: GDP ($ billion) = consumption + investment + government expenditure + net exports = 10,000 + 1,500 +…
Q: Briefly explain whether production of each of the following goods is likely to fluctuate more or…
A: The measure that depicts the final production of goods and services in an economy being produced…
Q: The following table shows some data for an economy that produces only two goods: milk and honey.…
A: we can be fill up the following blanks by using these methods such as the formula of nominal…
Q: How would a person buying shares of common stock and paying a commission affect are countries GDP in…
A: Gross domestic product of a country is the market value of all final commodities and services that…
Q: Use data below to answer the following questions: Consumption expenditures $300 billion, Government…
A: Answer: Given, Consumption expenditure=$300 billionGovernment purchases=$50 billionTaxes=$40…
Q: he table below shows hypothetical values of the expenditure components for the United States in…
A: Consumption expenditure is a expenditure incurred by the resident of the country or household on…
Q: For each of the following transactions, 1) determine whether it should be included in the…
A: Gross domestic product is the sum total of final values of services and goods produced in a year.
Q: Suppose that a farmer grows wheat, which she sells to a miller for $10. The miller turns the wheat…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The table below shows hypothetical values of the expenditure components for the United States in…
A: Consumption is the amount of money spent on households and it includes all types of goods and…
Q: Use the following data to work Problems 16 and 17. The table lists some macroeconomic data for the…
A: Gross domestic product (GDP) is the monetary value of all the goods and services produced within the…
Q: 4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and…
A: GDP (Gross Domestic Product): It refers to the total of market value of all produced final goods and…
Q: 12. Measuring GDP The following table shows data on consumption, investments, exports, imports, and…
A: Gross domestic product is defined as the monetary value of all the final goods and services produced…
Q: nstructions: Answer the following questions Question 1…
A: Answer to the question is as follows:
Q: Jse the information in the table to answer the following questions. All numbers are in billions of…
A: Answer The GDP Equilibrium at Y = C + I + G + NX Calculating for each row Y = 4250 + 1000 + 3250 -…
Q: The table below presents a brief summary of City A’s total spending, local GDP, and population…
A: Gross Domestic Product (GDP) measures the value of final goods and services produced within the…
Q: The aggregate expenditure for a simple economy in 2016 was $9 million. The table below shows…
A: Given: Aggregate expenditure in 2016=$9 million
Q: * The components of GDP (2020) in the accompanying table were produced by the Bureau of Economic…
A: We will answer the first three subparts only. Please resubmit the question with any other parts…
Q: What is the US GDP for the first quarter and second quarter of 2020? What is the personal…
A: In Keynesian economics, aggregate demand plays a very important role in determining income level and…
Q: Suppose the economy of Ausland's spending for the year can be described by the table below:…
A: Moreover GDP excludes transfer payments as they reallocate existing income and are not made in…
Q: (1a) Your boss has asked you to calculate the needed figures for a government report. The figure you…
A: Since you have asked many subparts, we would be answering the first 3 subparts for you. To get the…
Q: GDP is composed of a number of categories. What category makes up the largest portion of GDP? What…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: 1) India's Economic Survey - a document published by the Ministry of Finance, Government of India –…
A: Answer in step 2
Q: The table below shows hypothetical values of the expenditure components for the United States in…
A: The aggregate expenditure is characterized as the value of the finished goods in general and…
Q: The folloving table shows data on consumption, investments, exports, imports, and government…
A: From the expenditure approach, GDP = C+I+G+(X-M)
Q: 4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and…
A: The market value of all finished products and services produced in a nation over a specific time…
Q: 20. Which of the following represents the measurement of GDP as the sum of consumption…
A: GDP is the final value of all the goods and services which are produced within the domestic economy…
Q: Why GDP can be computed either by measuring spending or by measuring income. Briefly explain
A: GDP is the aggregation of services and goods produced in the country at the given time period. Three…
Analyzing a Table:
Analyzing a Table:
item | billions of dollar |
consumption ependiture | 6258 |
investment | 1623 |
government expenditure on goods and services | 1630 |
exports of goods and services | 998 |
imports of goods and services | 1252 |
The table above gives the values of different expenditures in the United States during 1999. Answer the following questions about the United States.
- What was the value of net exports of goods and services in 1999?
- What was
GDP equal to in 1999?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- The table below shows nominal GDP, exports, and imports for the United States. Nominal GDP, Exports, and Imports Year 2015 2016 Nominal GDP Exports Imports (billions of (billions of (billions of dollars) $2,308.0 2,334.1 LA dollars) $16,981.9 17,601.1 Instructions: Round your answers to one decimal place. If you are entering a negative number include a minus sign. a. Calculate the value of net exports in 2015. billion b. Calculate the value of net exports in 2016. billion dollars) $2,759.7 2,878.3Consider the following table showing the breakdown of GDP (in billions) for China. GDP Category Amount (in billions) Wages and Salaries 1000Consumption 1700Investment 700Depreciation 50Government Expenditure100Taxes 300Exports 50Imports 40Income receipts from rest of the world10Income payment to rest of the world50 What are net exports for China? 4. Suppose that GDP in Japan is 1030 and then grows to 1160 (all numbers in billions)What is the growth rate of GDP in Japan?Use the following information to answer questions 5 through 15: The tables below show data on prices and quantities of Oranges and Shoes produced in China. Data for 2014Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes0.7 200 10 270Data for 2015Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes0.9 150 14 250Data for 2016Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes1.4 300 15 3305. Given this data, what is the Nominal GDP in 2014?6. What is the Nominal GDP in…Consider the following table showing the breakdown of GDP (in billions) for China. GDP Category Amount (in billions) Wages and Salaries 1000 Consumption 1700 Investment 700 Depreciation 50 Government Expenditure 100 Taxes 300 Exports 50 Imports 40 Income receipts from rest of the world 10 Income payment to rest of the world 50 1. What are net exports for China? 2. Suppose that GDP in Japan is 1030 and then grows to 1160 (all numbers in billions) what is the growth rate of GDP in Japan?
- Define net exports. Explain how U.S. exports and imports each affect domestic production. Suppose foreigners spend $7 billion on U.S. exports in a specifific year and Americans spend $5 billion on imports from abroad in the same year. What is the amount of the United States’ net exports? Explain how net exports might be a negative amount.The table above gives the values of different expenditures in the United States. Answer the following questions about the United States. What is the value of net exports of goods and services? In addition, why can this trade deficit raise the issues for the US economy? What is the amount of GDP from the table?What will happen to the net exports of Mexico when there is an increase in income in the United States? Ⓒ Net exports will increase because exports will increase. Net exports will decrease because exports will decrease. ONet exports will decrease because imports decrease. Net exports will increase because imports increase.
- 9:22 KB/S f Topic 1.pptx 5. You are given the following information about an economy: Gross private domestic investment = 40 Government purchases of goods and services = 30. Gross national product (GNP) = 200 Current account balance = -20 Taxes = 60 Government transfer payments to the domestic private sector = 25 Interest payments from the government to the domestic private sector = 15 (Assume all interest payments by the government go to domestic households.) Factor income received from rest of world = 7 Factor payments made to rest of wor = 9 Find the following, assuming that government invest- ment is zero: a. Consumption b. Net exports c. GDP d. Net factor payments from abroad e. Private saving f. Government saving g. National saving the fellowing infermalion, Calulate GF ablo Income'ad lriveate Sawing: Conqerplion 4 Soo -6,300 ensilios of Empleyees eh lerron.Is it true that the value of U.S. imports is added to exports when calculating U.S. GDP because imports reflect spending by Americans? Explain.When a U.S. consumer buys Canadian maple syrup at the grocery store, this purchase is:A) an importB) an exportC) gross domestic productD) a transfer payment. Below is economic data for Germany for 2016 (measured in billions of current euros). What was total spending? Consumption 1,649.79 Investment 636.42 Government spending 620.01 Exports 1,442.41 Imports 1,211.64 A) 2,675B) 4,348C) 2,906D) 3,137 Please ans both questions and you will get thumbs up.
- The table below shows the values for several different components of GDP. Category Personal consumption expenditures Net foreign factor income Transfer payments Rents Consumption of fixed capital (depreciation) Statistical discrepancy Social Security contributions Interest Proprietor's income Net exports Dividends Compensation of employees Taxes on production and imports Undistributed corporate profits Personal taxes Corporate income taxes Corporate profits Government purchases Net private domestic investment Personal saving Imports Instructions: Enter your answers as whole number. a. What is the value of exports? $ b. What is the value of national income? $ 23 billion $ billion c. What is the GDP? billion d. What is the value of personal income? billion Billions of Dollars $ 250 3 10 15 25 12 18 12 31 10 14 228 16 19 24 17 50 70 31 18 13 2QUESTION 5 The following table contains data for country A for the year 2019. Household purchases of durable goods Household purchases of nondurable goods Household purchases of services Household purchases of new housing Purchases of capital equipment Inventory changes Purchases of new structures Depreciation Salaries of government workers Government expenditures on public works Transfer payments Foreign purchases of domestically produced goods Domestic purchases of foreign goods What were country A's net exports in 2019? NOTE: Include a negative sign if necessary. $1,293 $1,717 $301 $704 $310 $374 $611 $117 $1,422 $553 $777 $88 $120Suppose we have an economy where C = $30 Billion, I = $50 Billion, G = $20 Billion, Imports = $2 Billion, and Exports = $5 Billion. What is the trade balance this economy? a. What is the trade balance for this economy? NX = $ Billion b. What is the GDP for this economy? GDP = $ Billion