Write out and explain the GDP and Aggregate Expenditure identity equations.

Which components of aggregate expenditure do not directly depend on current income?

What are variables that affect AS (also considered the Supply side of GDP)?

This question has four parts. (its not a writing assignment, just asking for a numerical value or simple answer) 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?   Go to the website for the Bureau of Economic Analyses (BEA):  https://www.bea.gov/   Section 1: Domestic Product and Income; Table 1.1.5   1.2. Use the information in Table 1 to analyze aggregate expenditures (AE) model below (Figure 1. Equilibrium in a Private Closed Economy).  (table 1 and figure 1 are in the attachments)   1.3.  Identify the mistake and explain why the graph of the aggregate expenditures line does not correctly illustrate the economy's equilibrium.   1.4. Create a graph for the aggregate expenditures (AE) model using the data from Table 1: A Private Closed Economy.   Tips: Remember, the 45degree line (also known as the Keynesian Cross) is a tool that shows how differences in aggregate…

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?

Calculate 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 ?

Refer to the data for 2019 below to answer the following questions: The Equivalence of Expenditure and Income (in Billions of Dollars) Expenditure C: Consumer goods and services 1: Investment in plants, equipment, and inventory G: Government goods and services X: Exports M: Imports GDP: Total value of output % b. Corporate profits? $14,561 % 3,744 3,754 2,504 Wages and salaries Corporate profits Proprietors' income Instructions: Enter your responses as a percentage rounded to one decimal place. What share of U.S. total income in 2019 consisted of a. Wages and salaries? Income Rents Interest Taxes on output and imports Depreciation Statistical discrepancy (3,136) $21,427 = Total value of income $11,434 2,075 1,658 778 645 1,494 3,463 (120) $21,427

Suppose you are given the following information: Qs = 100 + 3P Qd = 400 – 2P where Qsis the quantity supplied, Qdis the quantity demanded and P is price.   1. Years ago, Ricky paid $500 for CDs to put together a collection. Today, he sold hisCDs for $200. How does this sale affect current GDP?

i need help with this macro econmics question 4

After reading the statement below you will choose 2 answers! Determine where this transaction should be classified in the GDP formula.Choose what would happen to GDP as a result of this transaction.Due to increased incomes, Europeans buy more US good and services. Your answer: CIGXMincreasedecrease