Please answer a to e sir I know sir. Bartley policy but I have no more question sir. Please answer all I will rate sir.. The table below details the composition of an economy's GDP by spending category.CategoryExpenditures (billions of dollars)Fixed business investment$3,050.00Durable goods$2,600.00Exports$700.00Federal government purchases$1,350.00New home construction$1,300.00Imports$840.00Change in inventories$-200.00Nondurable goods$4,950.00Services$8,250.00State and local government purchases$2,550.00Use the information in the table to calculate the following:a) Consumption: $billionb) Investment: $billionUse the information in the table to calculate the following:a) Consumption: $billionb) Investment: $billionc) Government: $billiond) Net exports: $billione) GDP: $billion

Gross domestic product(GDP) measures the money value of all final goods and services produced in an…

Answered: a) Consumption: $ billion b)…

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

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Chapter5: Gross Domestic Product

Section: Chapter Questions

Problem 13SQ

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Question # 6 Based on the following data for a hypothetical economy Millions Wage and salaries Government Purchases Exports Rental Income Profit Interest Consumption and spending Imports Private investment Spending $6000 $2000 $2650 $450 $1600 $1000 $4800 $2400 $2000 a. Calculate the GDP using expenditure approach: b. Calculate the GDP using income approach: c. Suppose that in the next vear export deerease to 1650 million. Import increase to 3400 million and consumption falls to 2800 million. What will the GDP be in that year?
Explain some reasons why consumption spending and gross private domestic investment spending are so important. What determinants do they have in common?
The following are a year's data for a hypothetical economy. Comsmption $400B, Government purchases $350B, GDPI $150B, Exports $150B, Imports $100B, Depreciation $50B. a) what is the value of GDP and NDP? b) what is the value of Net private Domestic investment ? c) suppose that in the next year exports increases to $175B, imports increase to 200B, and consumption falls to 350B. What will GDP be in that year?
1) Personal consumption expenditures in billions of dollars are A) 900. B) 1,100. C)1400 D) 1,600. 2) The value for gross private domestic investment in billions of dollars is A) 740. B) 810. C) 850. D)890
Use data below to answer the following questions:Consumption expenditures $300 billion, Government purchases $50 billionTaxes $40 billion, Investment $80 billion, Social Security payments $20 billionImports $30 billion, Exports $40 billiona) How much is GDP?b) How much are net exports?c) Social Security payments are government expenses. Should they be included in GDP? Explain.
Classify each of the following items as a final good or service or an intermediate good or service, and identify which is a component of consumption expenditure, investment, or government expenditure on goods and services. A. A textbook bought by a student B. A computer purchased for a senator's office C. New cars bought by Hertz, the car rental firm D. Aluminum sheets bought by Boeing 1. A is a final good that is consumption expenditure, B is a final good that is government expenditure, C is a final good that is investment, and D is an intermediate good. 2. A is a final good that is investment, B is an intermediate good, C is a final good that is investment, and D is an intermediate good. 3. A is a final good that is consumption expenditure, B is an intermediate good, C is a final good that is consumption expenditure, and D is a final good that is investment. 4. A is a final good that is consumption expenditure, B is a final good…
A) What will be the new level of consumption at the $ 340 billion level of disposable income? B) What will be the new level of saving?
The table shows some of the items in an economy's National Income and Product Accounts. Calculate national income and disposable personal income. What is consumption expenditure as a percentage of disposable personal income? >>> Answer to 1 decimal place. National income is S trillion and disposable personal income is strillion Disposable personal income is Consumption expenditure is 10000 percent of national income. percent of disposable personal income. Item Wages Government expenditure Interest, rent, and profit Consumption expenditure Investment Net exports Indirect taxes less subsidies Retained profits Transfer payments Personal income taxes GNP Depreciation Amount (trillions of dollars) 5.7 1.7 2.2 6.7 -0.3 0.7 1.4 1.2 9.8
The table below provides Income and consumption Data in billions of dollars. Answer question below based on it.Disposable Consumption SavingsIncome100 80 --------200 150 --------- If the government increases spending by $5,000, then based on data in question 21, GDP in this economy will increase by
Category Expenditures (billions of dollars) Fixed business investment $2,950.00 Durable goods $2,300.00 Exports $700.00 Federal government purchases $1,250.00 New home construction $1,300.00 Imports $840.00 Change in inventories $-200.00 Nondurable goods $4,800.00 Services $9,450.00 State and local government purchases $2,100.00 Use the information in the table to calculate the following:(a) Consumption: $ billion(b) Investment: $ billion(c) Government: $ billion(d) Net exports: $ billion(e) GDP: $ billion
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?
The table below details the composition of an economy’s GDP by spending category. Category Expenditures (billions of dollars) Fixed business investment $3,550.00 Durable goods $2,600.00 Exports $600.00 Federal government purchases $1,250.00 New home construction $1,000.00 Imports $720.00 Change in inventories $-300.00 Nondurable goods $4,400.00 Services $9,350.00 State and local government purchases $2,150.00 Use the information in the table to calculate the following:a) Consumption: $ billionb) Investment: $ billionc) Government: $ billiond) Net exports: $ billione) GDP: $ billion Part 2 Think about the different components of GDP and how they change with the business cycle. Which component of consumption fluctuates the most?Choose one:A. nondurable goodsB. durable goodsC. new home constructionD. services Part 3 Consider the net exports component of GDP. Suppose exports increase by $100 billion and…

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a) Consumption: $ billion b) Investment: $ billion c) Government: $ billion d) Net exports: $ billion e) GDP:$ billion