Macroeconomics
13th Edition
ISBN: 9781337617390
Author: Roger A. Arnold
Publisher: Cengage Learning
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Question
Chapter 7, Problem 1WNG
To determine
Estimate the import value.
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Is it reasonable or does it make sense, that while US exports are added to GDP, US imports are subtracted from GDP?
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Exports = $2100 million
Imports = $1750 million
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Calculate net exports
Chapter 7 Solutions
Macroeconomics
Ch. 7.1 - Prob. 1STCh. 7.1 - Prob. 2STCh. 7.2 - Prob. 1STCh. 7.2 - Prob. 2STCh. 7.2 - Prob. 3STCh. 7.4 - Prob. 1STCh. 7.4 - Prob. 2STCh. 7.4 - Prob. 3STCh. 7 - Prob. 1QPCh. 7 - Prob. 2QP
Ch. 7 - Prob. 3QPCh. 7 - Prob. 4QPCh. 7 - Prob. 5QPCh. 7 - Prob. 6QPCh. 7 - Prob. 7QPCh. 7 - Prob. 8QPCh. 7 - Prob. 9QPCh. 7 - Prob. 10QPCh. 7 - Prob. 11QPCh. 7 - Prob. 12QPCh. 7 - Prob. 13QPCh. 7 - Prob. 14QPCh. 7 - Prob. 1WNGCh. 7 - Prob. 2WNGCh. 7 - Prob. 3WNGCh. 7 - Prob. 4WNGCh. 7 - Prob. 5WNGCh. 7 - Prob. 6WNGCh. 7 - Prob. 7WNGCh. 7 - Prob. 8WNGCh. 7 - Prob. 9WNGCh. 7 - Prob. 10WNGCh. 7 - Prob. 11WNG
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- What will be the value of exports if net exports is $1000 million and imports are $3300 millionarrow_forwardExports and imports are $500 million and $330 million Find net Exportsarrow_forwardIs it true that the value of U.S. imports is added to exports when calculating U.S. GDP because imports reflect spending by Americans? Explain.arrow_forward
- Why do we subtract import spending from total expenditures while calculating the GDP?arrow_forwardIf exports drop by $10 billion and imports rise by $7 billion, then what's the net export change? (Enter as If the answer is negative, then as the minus .arrow_forwardCalculate net exports of Brazil if the export were $780 million and imports were $600 millionarrow_forward
- Jacques, a resident of France, goes to Germany to buy a brand-new car for €15,600.00. He then brings the car back to France and sells it to another resident for €17,500.00. Which amount will be included in which country’s GDP, deducted from the net export component of GDP?arrow_forwardWhat happens to the level of net exports in an economy when income in that economy increases? What happens to the level of net exports in an economy when income in other economies increases?arrow_forwardImport of an firm is $4300 and net export is $8400 what would be the export of a firm?arrow_forward
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