ln a hypothetical country, consumption was $3100, exports were 5400, GDP was 55000, imports were 5500, and investment was 51400. What were this country's government purchases? a)$160 b)$1200 c) $500 d)$5000
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ln a hypothetical country, consumption was $3100, exports were 5400,
a)$160
b)$1200
c) $500
d)$5000
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- e the information in the table to answer the folowing qustiona. Al numbers are in bilions of 2012 dolars Govermment Purchases (G) $2.00 $2.500 $2.500 $2.500 $2.500 Pianned investment ( $1.000 Net Exports (NK) Real GOP (Y) Consumption (C) $12.000 $13.000 $14,000 $15.000 $10.000 $9.500 $10.250 $1.000 -$500 -$500 -5500 -$500 -$500 $1.000 $1,000 S11,750 $1.000 $12.500 $1.000 The equibrum level of GOP is S bilion The MPC is (snter your reaponse to two decimal places) Suppose that net exporta increase by $200 blion. Using the multiplier formua, determine the new level of GOP. AS200 bilon increase in net exports leads to a change in spending of S bilion, so the new level of GDP wi be billonif Government Spending (G) is $200 million, Tax Revenue (T) is $260 millio Consumption is $300 million, and GDP P(Y) is 780 millionPrivate saving isFill in the blanks in the following table. Assume for simplicity that taxes are zero. Also assume that the values represent billions of 2012 dollars. (Round your responses to the nearest whole number.) Saving (5) Real GDP (Y) $800 $900 $1,000 $1,100 $1,200 Consumption (C) $640 $720 $800 $880 $960
- Suppose the level of GDP happens to be 1000, what is the amount of : Household saving? GDP TAX DI NE AE (NI) Ir400 (Ca-400 MPC-0.8) G-1,000 (10% of X-500 (rate 20%) GDP) 1,000 2,000 3,000 4,000 5,000 6,000 O 200 O -240 -400According to Table 19.7, how often have recessions occurred since the end of World War II (1945)?If GDPMP of a country is 50 billion and product taxes are 2 billion while subsidies given are worth of 1 billion. What is GDP at factor cost ?
- Billions of Dollars 6,500 1,900 1,200 Consumption Gross private domestic investment Government spending less transfer payments Imports Exports Depredation Indirect business taxes and transfers 600 500 1,500 750 17) Using the above table, the GDP is (in billions of dollars) A) 10,200. B) 8,200. C) 8,900. D) 9,500.DI=Y OUTPUT/INCOME CONSUMPTION(C) SAVINGS (S) MPC MPS APC APS 0 80 ______ ____ _____ _____ _____ 100 140 _______ _____ _____ _____ __ ____ 200 200 _______ _____ _____ _____ _____ 300 260 _______ _____ ______ ______ _____ 400 320 _______ ______ ______ ______ ______ a. Complete the following chart above b. Show graphically ( what is the equilibrium level of output)? c. Assume the following general forms of a…a) The consumption function of UAE ix C100+0.5Y. The Private business sector has made on investmentof 100 million dirham to expand their business. How much national income will change in the UAE economy? Assume there is no government or foreign sector.
- 4 C and D PleaseProblem 1 Given the following table: $Billions 40 Depreciation Receipts of factor income from the rest of the world Government purchases Imports Payments of factor income to the rest of the world Net private domestic investment Personal income taxes 30 100 50 50 200 120 Personal consumption expenditures Dividends 600 20 Exports Amount of national income not going to households 60 20 Calculate: 1- GDP 2- GNP 3- NNP 4- National Income 5- Personal Income 6- Disposable Income(c) The following table is the information of the real GDP and all the expenditures (the numbers are in billions) for Country XYZ. Planned Government Real GDP (S) Consumption ($) Net Exports ($) Investment ($) 350 Purchases ($) 450 4000 3500 -100 5000 4300 350 450 -100 6000 5100 350 450 -100 7000 5900 350 450 -100 (i) What is the equilibrium level of real GDP? (ii) If potential GDP is $7000 billion, is the economy at full employment? If not, what is the condition of the economy? If the economy is not at full employment, by how much should government spending increase so that the economy can move to the full employment level of GDP?