What is usually the smallest component of spending in GDP in Australia?   A) Consumption spending   B) net export spending   C) Government spending   D) Investment spending

The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government consumption expenditures and gross investment for the United States in 2007, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the following table to calculate GDP. Components   Personal Consumption Expenditures (CC) $9,734.2 Gross Private Domestic Investment (II) $2,125.4 Exports (XX) $1,643 Imports (MM) $2,351 Net exports of goods and services (X−MX−M)   Government Consumption Expenditures and Gross Investment (GG) $2,689.8 Gross domestic product (GDP)     This method of calculating GDP, which involves summing the       , is called the               approach.

Which of the following would not be included as government spending in the calculation of GDP?   Question 15 options:   a)  military spending   b)  new roads   c)  spending money to build a new Federal prison   d)  unemployment benefits

For each form of private spending, indicate whether it represents consumption or investment. Private Spending Consumption Investment Firms buying computers Firms buying soft drinks for a holiday party Firms building new factories People buying washing machines For each form of government spending, indicate whether it represents consumption or investment. Government Spending Consumption Investment Building tunnels Buying medical equipment Building roads Payment for public safety employees

Which of the following is true: a) at equilibrium aggregate expenditure is greater than gross domestic expenditure. b) at equilibrium GDP is greater than gross domestic expenditure. c) at equilibrium aggregate expenditure is smaller than gross domestic expenditure. d) at equilibrium GDP is smaller than gross domestic expenditure or e) at equilibrium both aggregate expenditure and GDP are smaller than gross domestic expenditure

Explain some reasons why consumption spending and gross private domestic investment spending are so important.  What determinants do they have in common?

If GDP is $200, income earned by foreign investments is a credit gain of $22, income paid to foreigners is a debit loss of $28, losses from derivatives are $6, and net transfers abroad is a debit loss of $10, calculate Gross National Product (GNP) a) $184 b) $178 c) $194 d) $140 e) $204

What factors can lead to an increase in a country's Gross Domestic Product (GDP)?

1.1. What is the US GDP for the first quarter and second quarter of 2020?  What is the personal consumption expenditures for the first quarter and second quarter of 2020?

The following table contains data for a hypothetical closed economy that uses the dollar as its currency.  Suppose GDP in this country is $1,800 million. Enter the amount for government purchases.