Suppose that exports increase by $300 billion, given an MPC of .75. Calculate the change in GDP. Give your answer in billions and leave off the dollar sign. Be sure to include a negative sign if appropriate.

You purchase a Tesla Model 3. What is the impact to the different components of the U.S. GDP and the overall impact to net GDP for the U.S.?

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?

An equation for Aggregate Expenditure is: AE = $3600 + 0.8Y, In equilibrium, Income 'Y' = Aggregate Expenditure 'AE'. Solve for Y

practice quizlet that I cant get

The consumption expenditure and output of the country is 500 billion and 100 billion respectively. Calculate the average propensity to consume.

Assume taxes are zero and an economy has a consumption function of C = 0.56 (Yd) + $777.68.  By how much will GDP change if net exports change by -411.26? Round your answer to two digits after the decimal.

The following graph shows total production (TP) and the level of Natural Real GDP (NRGDP) for a hypothetical economy. When Real GDP is $325 billion, consumption is $275 billion, government purchases are $50 billion, and investment is $25 billion. When Real GDP is $375 billion, consumption is $300 billion, government purchases are $50 billion, and investment is $25 billion. Use the blue line (circle symbol) to plot the economy's total expenditure function within a simplified Keynesian framework. TO TAL EXPENDITURE (Billions of dollars) 500 475 450 425 400 375 350 325 300 TP NRGDP 300 325 350 375 400 425 450 475 500 REAL GDP (Billions of dollars) TE The economy is in equilibrium when Real GDP is At this point, the economy is also in Which of the following did Keynes argue would be needed to move the economy to equilibrium at Natural Real GDP? Check all that apply. ✓ A decrease in consumption ✓ An increase in government purchases A decrease in government purchases ✓ An increase in…

You are an analyst at Heys International Luggage. Your output last year of Carbon-X luggage sets was 100,000 sets, based on estimates that sales would equal 100,000 at an average price of $56.84. Heys International tries to maintain inventory at 10,000 sets. Actual sales of the luggage last year were 105,000. Considering only this result: aggregate expenditure was equal to GDP. aggregate expenditure was less than GDP. aggregate expenditure was greater than GDP. aggregate expenditure is always equal to GDP, so these sales results are irrelevant. 2 of 25 > Яншират ИРИНАРИ

If U.S. government statistics counted education spending as part of the investment, which of the following would rise, which would fall, and which would remain unchanged? You might use rise, fall, and stay unchanged more than once each or you might not. Consumption Investment Gross domestic product