The GDP for a small economy in 2010 was $9,950. This was composed by $4,600 of consumption, $2,650 of investments, $2,100 of government purchases, and $4,550 of exports. In this case what is the amount of imports for this economy in 2010? Select one: a. $3,550 b. $3,950 c. $4,780 d. None of the answers are correct e. $4,120
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- Would you usually expect GDP as measured by what is demanded to be greater than GDP measured by what is supplied, or the reverse?An economy produces final goods and serviceswith a market value of $5,000 billion in a givenyear, but only $4,500 billion worth of goods andservices is sold to domestic or foreign buyers. Isthis nation’s GDP $5,000 billion or $4,500 billion?Explain your answer.Consumption $500Government Expenditures $200GNP $800Gross Private Domestic Investment $100Imports $100Exports $50 Questions:1. Using the data above, GDP is equal to __________________.2. Using the data above, Net Exports is equal to _____________.
- 16. Write the name of the three missing categories of expenditure that contribute to a country's GDP. exports Draw a picture that accurately represents each category. Several pictures or categories are already filled in for you. consumption + 1 + = + GDPConsumption Depreciation Retained earnings Gross investment Imports Exports Net foreign factor income Government purchases a. How much is GDP? Instructions: Enter your responses as a whole number. $ b. How much is net investment? $ billion LA billion $400 24 16 40 50 60 c. How much is national income? billion 70rerer to the information provided in table 4 below to answer the question(s) that follow. Table 4 $Billions Depreciation Receipts of factor income from the rest of the world Government purchases Imports Payments of factor income to the rest of the world Net private domestic investment Personal income taxes 20 40 150 50 40 160 80 Personal consumption expenditures Dividends 700 10 Exports Amount of national income not going to households 70 30 Referring to table 4, calculate a. The values for GDP, GNP, and NNP. b. The values for national income, personal income, and disposable personal income.
- 110% 5. Given the following table Items RM Million Imports Depreciation Exports Dividends 70 50 80 10 Government Purchases 120 Receipts Of Factor Income From The Rest Of World Amount Of National Income Not Going To Households Payments Of Factor Income From The Rest Of World Net Private Domestic Investment Personal Income Taxes Personal Consumption Expenditures 20 10 40 350 100 750 a. Calculate the GDP b. Calculate the GNP c. Calculate the NNP d. Calculate the national income Calculate the personal income Calculate the disposable personal income e. f.Gross Domestic Product The U.S. gross domesticproduct (GDP) (in trillions of dollars) for selectedyears from 2005 and projected to 2070 can be modeled by y = 0.116x2-3.792x + 45.330, where xis the number of years after 2000. During what yearsbetween 2005 and 2070 was the gross domestic product no more than $23.03 trillion?7.Q Below is a list of domestic output and national income figures for a given year. All figures a billions. The questions that follow ask you to determine the major national income meast both the expenditure and income methods. Provide how you calculated! Personal consumption expenditures Net foreign factor income Statistical discrepancy Consumption of fixed capital (depreciation) Imports Еxports Personal taxes $243 4 27 43 33 26 Government purchases Net private domestic investment Personal saving a. Gross private domestic investment (Ig) is = $ 72 33 20 b. Net Exports (Xn) is: $ c. GDP by the expenditure approach =C+ Ig + G+ Xn= $ d. NDP: $_ e. NI by making the required additions and subtractions from GDP is: $
- 0 호 < 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 Gif the item is counted as government spending X if 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 movie. 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…The table gives data about Northland's economy in 2017. What is the value of GDP in Northland in 2017? The value of GDP in Northland in 2017 is _______. A. $2,262 billion B. $1,291 billion C. $971 billion D. $1,439 billion Item Amount (billions) Consumption expenditure 720 Wages 652 Indirect taxes less subsidies 148 Investment 235 Net exports of goods and services 54 Profit 171 Government expenditure on goods and services 282In the table below, you are given data for the country of Sequoia. Exports Consumption Gross investment Depreciation 188 520 152 88 Government spending Imports Net foreign factor income Indirect taxes a. The value of GDP at market prices is $ b. The value of NDP at basic prices is $ c. The value of net national product at basic prices (i.e. national income) $ EST