When a U.S. consumer buys Canadian maple syrup at the grocery store, this purchase is: A) an import B) an export C) gross domestic product D) 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) 2,675 B) 4,348 C) 2,906 D) 3,137   Please ans both questions and you will get thumbs up

The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $900 million. Enter the amount for consumption. National Income Account Government Purchases (G) Taxes minus Transfer Payments (T) Consumption (C) Investment (I) Value (Millions of dollars) 250 325 275 Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S) million

The Bureau of Economic Analysis has recently released the following information for the most recent quarter: Y = $15000, C = $10300, I = $4550 G = $4800 What is the value of Net Exports?

! Pub The population of country X is 1,000 people. Here are the expenditures for country X for one year. Consumption Expenditures $500,000 Investment Expenditures Government Expenditures $400,000 $150,000 Imports $50,000 24. What is the GDP of country X? 25. What is the per capita GDP of Country X? 26. The city of Detroit has high unemployment. The automobile industry in Detroit has suffered from global competition and has moved much of the remaining production out of Detroit. The population of the city has fallen from a high of 1,850,000 in 1950 to 701,000 in 2013. Some of the highest crime rates in the United States are now those of Detroit, and huge areas of the city are in a state of severe urban decay. The police force and fire service do not have enough money to pay for staff and equipment such as fully operational vehicles. In 2013, Detroit filed the largest municipal bankruptcy case in U.S. history. How does unemployment affect the income of city? Describe how unemployment…

What is the annual market value of production in this economy?

Question 3

Using the table below, calculate the indicated values. Sector Consumption Investment Government spending Net exports Population Value (millions) $770,000 $165,000 $220,000 $-60,000 55 Instructions: Round your answers to the nearest dollar. a. Total gross domestic product = $ million. GDP per person is $ b. Consumption, investment, government spending, and net exports each as a percentage of total GDP. (Note: Enter your answers in the table below.) c. Consumption, investment, government spending, and net exports per person. (Note: Enter your answers in the table below.) % of total GDP Per person ($) Consumption Investment Government spending Net exports

Although GDP is a reasonably good measure of a nation's economic well-being, it does not necessarily include all factors that contribute to it. Which of the following factors are not accounted for in calculations of the GDP of Canada? Check all that apply. The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government The parts of a car manufactured in Canada that are produced in the United States The variety of goods available to consumers The loss of enjoyment people suffer when scenic land is converted to commercial use Federal government paycheques to soldiers

The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2017, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach.   Data (Billions of dollars) Consumption (C) 13,321.4 Investment (I) 3,368.0 Exports (X) 2,350.2 Imports (M) 2,928.6 Net Exports of Goods and Services   Government Purchases (G) 3,374.4 Gross Domestic Product (GDP)

The table below shows hypothetical values of the expenditure components for the United States in 2016.   Expenditure Component                                  Amount of Expenditure (billions of dollars) Durable goods                                                                                 $1,269.30 Nondurable goods                                                                            2,638.30 Services                                                                                              7,763.00 Gross investment                                                                             2,682.40 Exports                                                                                               2,302.90 Imports                                                                                              2,803.60 Federal government                                                                        1,250.00 State and local government…