ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Which of the following is not a component of the aggregate
a.Government spending(G)
b. Investment (I)
c. Consumption (C)
d. net exports (X-M)
e. Savings
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- ces IC raw ill ady Answer five questions given the following data for 2019: The Equivalence of Expenditure and Income (in Billions of Dollars) Expenditure C: Consumer goods and services I: Investment in plants, equipment, and inventory G: Government goods and services X: Exports M: Imports GDP: Total value of output b. Gross private investment d. Exports % c. Total government purchases e. Imports FI Instructions: Enter your responses as a percentage rounded to one decimal place. Calculate the following as a percentage of GDP for 2019: a. Personal consumption expenditures % % % EL Q Search @ F2 A $14,561 # 3,744 3,754 2,504 F3 (3,136) $21,427 F6 A $11,434 2,075 1,658 778 645 1,494 3,463 (120) $21,427 Q F7 & PrtScn 18. * Home F9 Farrow_forwardQuestion 3arrow_forwardThe following are the components of aggregate demand EXCEPT, A) government spending. B) consumption of households. C) investment by firms. D) household saving.arrow_forward
- Which of the following would be removed from the U.S. aggregate demand measurement? a. Japan's purchase of General Electric combines from the United States Ob. A foreign tourist's purchase of New York City Statue of Liberty keychains An American professor's purchase of a vintage manuscript from Rome, Italy O d. China's purchase of soybeans from U.S. farmersarrow_forward23 What does the "P" on the y-axis stand for? Multiple Choice O O O Price of Y Inflation rate Price of GDP Average price level GDParrow_forwardIf 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 productarrow_forward
- What are variables that affect AS (also considered the Supply side of GDP)?arrow_forwardThe components of aggregate demand are: The components of aggregate demand are: A. consumption, investment, government and exports B. consumption, investment, government and imports C. consumption, investment, government and net exports D. consumption, investment, and net exports, since only private expenditures are includedarrow_forwardIf all quantities produced rise by 10%, while all prices fall by 10%, what happens to real GDP? What happens to nominal GDP?arrow_forward
- What is the difference between aggregate expenditure and aggregate demand? Why is the aggregate demand curve downward sloping while the aggregate expenditure line is upward sloping?arrow_forwardCalculate total GDP for this economy given the following components of demand. Round your answer to the nearest tenth and enter the value in trillions of dollars. Components of GDP on the Demand Side (in trillions of dollars) Consumption Investment Government spending Exports Imports Provide your answer below: trillion Total GDP 12.9 3.8 4.2 3.0 4.2 ?arrow_forwardCalculate total GDP for this economy given the following components of supply. Round your answer to the nearest tenth and enter the value in trillions of dollars (i.e. $xx.x trillion). of GDP on the Supply Side (in trillions of dollars) Components Durable goods Nondurable goods Services Structures Change in inventories Provide your answer below: trillion Total 3.8 2.7 12.2 2.1 0 ?arrow_forward
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