1. Answer the following: A) In 2011 the United States economy had a GDP of $14,991 billion according to the United Nations. If consumption was $10,729 billion, government spending was $2,594 billion, and net exports was -$568 billion, how much was investment spending? B) In 2011 the United States economy had a GDI (Gross Domestic Income) of approximately $13,548 billion according to the Bureau of Economic Analysis. If wages were $8,340 billion, interest payments were $516 billion, and rent was $430 billion, approximately how much was remaining for profit?

Q: ons: Enter your responses as whole numbers. If you are entering any negative numbers, be sure to…

A: GDP actually reflects national income. Gross domestic product does not include reselling, share and…

Q: The following table shows data on consumption, investments, exports, imports, and government…

A: Gross Domestic Product: Gross Domestic Product (GDP), refers to the total market value of all final…

Q: xplain how GDP is used in the calculation of a recession or economic growth. What is a recession?…

A: Economic growth: An increase in the total output of an economy. Intermediate goods: Products that…

Q: Show all the necessary steps that lead to your answer. 1. ​Consumption​ $6000 (in billion) Gross…

A: Gross Domestic Product is the value of all goods and services that are produced within the…

Q: In a certain country called Happyland, in the year 1988, consumption was 4,990,000 happies,…

A: GDP is the gross domestic product. GDP is the monetary value of all the goods and services produced…

Q: Use the information in the table to answer the following questions. All numbers are in billions of…

A: Aggregate spending is the sum of consumption, investment, government spending and net exports in an…

Q: Total spending in the economy is equal to consumption plus investment plus government spending plus…

A: Savings are the amount that is left after all the consumer spending in the market from the…

Q: 2) The following data summarize the expenditures for the country of XYZ during 2003 in millions of…

A: Gross domestic product (GDP) is a broad measure of a country's economic activity. It represents the…

Q: 21) Assume that with existing tax and spending laws, government spending exceeds government tax…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: Use the blue points (circle symbol) to plot the aggregate expenditures line for this economy. Line…

A: Aggregate expenditure is the total consumption of final goods during an accounting year.  AE=…

Q: The following table contains data for a hypothetical closed economy that uses the dollar as its…

A: The term "government spending" describes the cash that the government spends on various goods and…

Q: Create a graph for the aggregate expenditures (AE) model in Excel using the data from Table 1: A…

A:

Q: Below, you are provided data on macroeconomic expenditures last year in Asartaland:    Durable…

A: Nominal GDP mirrors the crude numbers in current dollars unadjusted for inflation. Real GDP changes…

Q: Consider the circular flow of expenditure and income in the Canadian economy. Which of the following…

A: The circular flow of income and expenditure basically refers to the mechanism through which an…

Q: ii) Suppose the following four actions occur in the USA in 2019. How much would these combined…

A: Let's break down the contributions to the US GDP based on the given scenarios: (a) .Japanese…

Q: Suppose that in the country of Economia: Net Investment = $20 billion, Depreciation = $70b, Net…

A: GDP by Expenditure Method = Consumption + Gross Investments + Government Expenditure + Net Exports…

Q: 3. Calculating GDP using national income account data The following table shows data on consumption,…

A: Gross domestic product is the final combination of goods and services in a country. GDP is an…

Q: Take an economy in which the GDP is $20 trillion. We also find that taxes in this economy are twenty…

A: To derive the total savings and investment in this economy, we'll use the fundamental macroeconomic…

Q: Gross Domestic Product Explain how net exports affect the US economy. Describe both positive and…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Durable Goods: $25 Imports: $6 Gross Investment: $23 Services: $20 Nondurable Goods: $18…

A: Since you have posted a question with multiple sub parts, we will provide the solution only to the…

Q: Use the following information to calculate the level of consumption expenditure in this closed…

A: let's we have given variableReal GDP = $1000Taxes = $150 Government Spending = $200Private…

Q: Use data below to answer the following questions: Consumption expenditures $300 billion, Government…

A: Answer: Given, Consumption expenditure=$300 billionGovernment purchases=$50 billionTaxes=$40…

Q: Suppose we have an economy where C = $30 Billion, I = $50 Billion, G = $20 Billion, Imports = $2…

A: a. The balance of trade or the trade balance is the difference between the value of exports and the…

Q: Consider each of the following items. Should it be counted as part of U.S. GDP? If so, in which…

A: GIVEN   Consider each of the following items. Should it be counted as part of U.S. GDP

Q: Using the table below, calculate the indicated values. Sector Consumption Investment Government…

A: Givena) Gross domestic product is calculated as ;= Consumption+ investment+ goverment spending+ net…

Q: There are at least three ways to define or measure Gross Domestic Product (GD discussed in our…

A: A) Income Approach :The pay approach begins with the income acquired from the production of labor…

Q: None

A: Value of MPC = Change in GDP/Change in consumptionValue of MPC = (14,000-13,000) - (8,400-7,800) =…