What is the total expenditure made by consumers on the purchase of goods and services called? a) Net foreign trade B) Savings spending NS) Consumption expenditure D) investment expenditure TO) public spending
Q: 3. Consider the following statements. If P./ P, increases and a country exports cloth, production of…
A: The exchange of goods between individuals and entities for a specified payment is known as trade.…
Q: 11- Earnings such as wages, interests and dividends by residents who are living in other countries…
A: Domestic Product and Domestic Output is the output produced in the home country. Price level is the…
Q: What is one example of the changing demographics in Europe? a. the population is aging b. imports…
A: The market is a place where the people comes and goes whiling taking business with others. Thus, the…
Q: Q)1- From the following table, calculate GDP, GNP, Net national product, National income, Personal…
A: Hey, Thank you for the question. According to our policy we can only answer 3 subparts per question.…
Q: You are given the following information about an economy: $millions GDP at Market Prices 1,,669.4…
A: As you have asked a multipart question and according to our policy we can only solve the first 3…
Q: How can a decline of natural resources and biodiversity affects a country's Gross National Product…
A: Biodiversity serves as a foundation for all kinds of life on Earth, assuring environmental…
Q: Category Billions Compensation of employees U.S. exports of goods and services Consumption of fixed…
A: Here we calculate the value of GDP , NDP and NI by using the given information , so the calculation…
Q: 14 have these informations representing an economic activities for a mentioned country as followinge…
A: The measure that depicts the monetary value of final goods and services being produced in an economy…
Q: The table contains information about the nation of Syldavia. There are no income taxes or imports in…
A: Y = C+I+G In an closed economy the above formula can be used Y= National income or GDP C=…
Q: You are given the following information about an economy: $millions GDP at Market Prices 1,,669.4…
A: * SOLUTION :-
Q: Category Billions Compensation of employees U.S. exports of goods and services Consumption of fixed…
A: National income implies the worth of labor and products delivered by a country during a monetary…
Q: 2. A prolonged high national savings rate can cause a problem in the domestic economy because.. it…
A: National saving refers to the total amount of money saved by individuals, corporations, and…
Q: 6. Refer to Table 2 (all figures in billions of dollars). The gross domestic product is. a. $326. b.…
A: Hello, thank you for the question. Since there are multiple questions posted here, only the first…
Q: 4. Use the information from the table below to calculate the GDP of this economy Consumption $800…
A: GDP includes value of final goods and services produced in the economy within a given period of…
Q: 4. You are given the following information about an economy: Smillions 1,669.4 GDP at Market Prices…
A: In economics, a range of national income and production metrics, such as gross domestic product,…
Q: The curves showing the various quantities of goods and services that domestic consumers, businesses,…
A: Price and quantity are two important variables in the markets to decide the equilibrium. Except…
Q: National Income at constant prices can be obtained by multiplying current production of output to…
A: In an economy, national income is calculated in different ways such as nominal income or real income…
Q: How to calculate GDP with income approach? a) Wage+annuity+interest+depreciation+indirect taxes…
A: The measure of all the services and the final goods market value being produced with a specified…
Q: Which of the following is not correct? a Gross domestic product is both total income in an economy…
A: a Gross domestic product is both total income in an economy and total expenditures on the…
Q: 4) Suppose that we have the following data for Amazon operations in the US: Sales $469.8B $365.6B…
A: "According to the guidelines solution is given to the first question i.e. question 4." "Gross…
Q: Explain why per capita gross domestic product (GDP) is a better measure of a nation's standard of…
A: Per capita GDP refers to the per-person GDP of aa nation. It is calculated by dividing the total GDP…
Q: What was the real GDP of Nigeria in 2019 and 2020 -Calculate per capita income in 2020
A: GDP is the value of all final goods and services produced in an economy over a given period of time.…
Q: 1. The following table shows the National Income data for a country in a year 2019 Items RM billion…
A: Introduction The value of intermediate goods is deducted from the total quantity of production…
Q: 6. Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not…
A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…
Q: Q1: There are two equations for macroeconomic equilibrium in an economy. State them Show…
A: Macroeconomic equilibrium can be defined as a point wherein the amount of aggregate demand rises to…
Q: How do you apply the opinion of Prof. Nurkse in Niger on the supply side of vicious circle that…
A: In short, Low income causes low savings which leads to lower level of investments. This causes lower…
Q: What are the major political, economic, financial & social problems faced by West Virginians in the…
A: Political economy is Associate in Nursing knowledge domain a part of the social sciences that…
Q: 1. Facts and myths about the U.S. economy Which of the following are facts about the U.S. economy?…
A: In US economy, the circular flow model shows how goods or services and money circulates among…
Q: given the following calculate the Household Consumption Expenditure GDP at market prices 1,669.4…
A: Household consumption expenditure represent the expenses incur by household on consumption of goods…
Q: 3. Consider the following table showing the breakdown of GDP (in billions) for China. GDP Category…
A: GDP is the sum total of all the goods and services produced within the geographical borders of the…
Q: 14. Gross Domestic Product equals $1.2 trillion. If consumption equals $660 billion, investment…
A: Given information, GDP (Y): $1.2 trillion Consumption (C): $660 billion Investment (I): $220…
Q: Question 37 Suppose in the economy of Richlandia the GDP in 2021 was $ 150 billion. Also, assume…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: 16.How has modern transport and communications helped poor countries grow compared to, say, the…
A: There are many advantages of development in transportation and communication globally, due to…
Q: Identify THREE public policies that can stimulate employment and facilitate economic growth in an…
A: The policy that depicts the proposal for solving problems of real-world that is being guided by a…
Q: What is the name of the expenditures made independent of income level? a) Autonomous export B)…
A: In an economy, people make two types of expenditure such that the one that is independent of income…
Q: 1-According to Adam Smith, an inquiry into the nature and causes of wealth of nation in which…
A: Niger is a country which is among the least developed and heavily indebted countries in the world…
Q: What the strategy adopted by India to calculate the GDP of the country. b) What the strategy adopted…
A: The final value associated with the products and services produced and manufactured in the nation in…
Q: 4. You are given the following information about an economy: Smillions GDP at Market Prices Imports…
A: answering 4th and 5th only as per request.
Q: 1-ln what ways were the society of early Neolithic settlements seem similar to our society now. Give…
A: 1)Agriculture was similar.
Q: 6. Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not…
A: The gross domestic product (GDP) is a measure of a country's economic output. Countries with higher…
Q: 5. You are given the following information about an economy: Smillions GDP at Market Prices 1,669.4…
A: Given: GDP at Market Prices Imports=$1669.4 Imports=$290.5 Gross Domestic Capital Formation=$48.7…
Q: How free trade zones or special economic zones affect exports.
A: Special economic zone is that area where the different business laws and regulations implied as…
Q: You are given the following information about an economy: $millions GDP at Market Prices 1,,669.4…
A: The Gross Domestic Product (GDP) is that the total of all price another in a very given economy.…
Q: 17. Suppose that business firms spend $700 million on new capital equipment this this $700 million,…
A: Gross domestic product is a sum of consumption spending, investment spending, government purchases…
Q: 4. Suppose that you are given the following data for the country of Trumpland: 12,800 10,000 3,100…
A: Disclaimer; “Since you have posted a question with multiple sub-parts, we will solve first three…
Q: Do you think that incomes and purchasing power are related? Are companies required to pay their…
A: Answer: Purchasing power: purchasing power refers to the number of goods and services that can be…
Q: Which one of these will be deducted from gross output to determine the net output? a. Intermediate…
A: Intermediate consumption is the value of goods used as inputs in the production of final consumer…
Q: The document showing the income and expenses of the state together is called X.” In his statement,…
A: In an economy, different statements or accounts are used to keep record of different activities such…
7-
: What is the total expenditure made by consumers on the purchase of goods and services called? |
|
Step by step
Solved in 2 steps
- 5. You are given the following information about an economy: $millions GDP at Market Prices 1,,669.4 Imports 290.5 Gross Domestic Capital Formation 48.7 Income accruing to the Public Sector 39.0 Retained Business Earnings 75.9 Exports 273.4 Subsidies 16.8 Factor Payments from Abroad 10.0…5. You are given the following information about an economy: $millions GDP at Market Prices 1,,669.4 Imports 290.5 Gross Domestic Capital Formation 48.7 Income accruing to the Public Sector 39.0 Retained Business Earnings 75.9 Exports 273.4 Subsidies 16.8 Factor Payments from Abroad 10.0…16 - Which of the following is the production value of a Turkish artisan who produces bread in Karabük? a) GDP B) net national income C) GDP D) GDP vs. GNP TO) Added Value
- 1 During the coronavirus epidemic last year, GDP contracted by approx. 6% at the same time exports contracted much more (collapse of tourism) during imports so instead. Reasons (all changes here refer to relative changes) that the contraction in GDP was much smaller than the deteriorating balance in foreign trade in goods and service was to: (1) Two of the others are correct. (2) Changes in inventories increased when exports were made that were not produced during the year. (3) Private consumption, C collapsed and this meant that GDP contracted less than balance of exports and imports. (4) The government assisted the economy and contributed to increasing GDP by reducing public consumption, G. (4) National expenditure did not decline as much as GDP, which offset much contraction in the balance of exports and imports.1. () GDP measure as a "value added" in the production process and the issue of “multiple counting" GDP includes only the market value of (intermediate_final) goods in the calculation because that value includes the value of the production of all intermediate goods. To include the value of final goods and all intermediate goods would lead to (exact, under-, over-) counting of the size of GDP. Value added is the market value of a firm's output (plus, minus, multiplied by, divided by) the value of inputs bought from other firms. Summing the value of the contribution made by each firm at each stage of the production process enables economists to determine GDP. The value of output produced at an American-owned factory in the U.S. is counted as GDP? (Yes, no) The value of output produced at a foreign-owned factory in the U.S.? (Yes, no) +Circle a correct answer GDP represents all domestic production within the border of the U.S. (yes, no) ECircle a correct answer GDP is a m diverse…Price (Php/kg) 20 25 Quantity Supplied (qs) of Palay in Luzon (in billion kg) 11 12 Quantity Supplied (qs) of Palay in Visayas (in billion kg) 4. Compute and interpret from PhP 20 to PhP 25. 3.0 3.5 Quantity Supplied (qs) of Palay in Mindanao (in billion kg) 4.0 4.5 Quantity Supplied (qs) of Palay in the Philippines (in billion kg) 1. In one figure, graph the supply curve in Luzon (sL), Visayas (SV), Mindanao (SM) and the market supply curve in the Philippines (SP). 2. Express the individual supply curves and the market supply curve in equation form. 3. Interpret the slope and the intercept of the market supply curve. the point elasticity of market supply of palay as price increases
- 2. Exports, imports, and Net exports(Bonus) In 2021, US. government spending was $6.8 trillion, tax revenue was $3.8 trillion, GDP was $23 trilion, and total consumer spending was $13.8 trillon, If the economy has no exports or imports, what was the nationai savings in 2021? -$1.4 trillion -$5.2 trilion $24 trilion C$9.2 trilion6. Expenditures and Income Approaches Consumption Expenditures Wages Taxes on Production and Imports Government Purchases Statistical Discrepancy Imports Undistributed Corporate Profits Rent Proprietor's Exports Dividends Depreciation Income Interest Gross Private Domestic Investment Corporate Income Taxes Corporate Profits Net Foreign Factor Income $69000 $76000 $16000 $58000 $11000 $47000 $14000 $42000 $15000 $34000 $22000 $24000 $31000 $41000 $18000 $54000 $17000 Complete parts a and b. a. Given the numbers above, solve for Real GDP using the expenditures approach. Given the numbers above, solve for the National Income (NI). b.
- 1. There is a country, which is located in the south of the Mediterranean. This country's GDP is 500 billion USD and the population is 40 million. The total Used Electric Power capacity is 50 GW, the energy mix (electrical energy produced in one year by each primary source) is as follows; Hydro = 25 %, Photovoltaic = 5%, Wind = 10 %, Natural Gas = %40 and Coal = 20% a) Calculate the produced electrical energy by each primary sources for one year. b) Calculate the electrical energy consumed per capita and compare it with Europe average. c) The Electrical energy is 1/3 of the total energy consumed (TPES) in this country. Obtain the Energy intensity. d) Calculate the total CO₂emissions in one year while producing electricity.1. Transfer payments are: A) payments made to firms for investment. B) payments that do not require a good or service in exchange. C) considered a part of government purchases. D) an important component of GDP because they increase consumption spending. 2. A country's exports minus its imports measures: A) net exports. B) gross exports. C) net imports. D) gross imports. 3. A trade deficit occurs when: A) foreign remittances paid are less than foreign remittances received. B) exports are less than imports. C) exports equal imports. D) exports are greater than imports.Table 36-2 Domestic GDP Expenditure Exports Imports Total Expenditures (Y) C + I + G (X) (IM) C + I + G + (X − IM) $2,500 $3,100 $650 $250 _____ 3,000 3,400 650 300 _____ 3,500 3,700 650 350 _____ 4,000 4,000 650 400 _____ 4,500 4,300 650 450 _____ 5,000 4,600 650 500 _____ 5,500 4,900 650 550 _____ From Table 36-2, what can you conclude about net exports as GDP rises? a. Net exports fall as GDP rises. b. Net exports rise as GDP rises. c. Net exports are constant as GDP rises. d. Net exports rise and then fall as GDP rises.