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Calculate imports in 2020, if exports in 2020 were $21,000 and the net exports is $11,500
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- What is the effect of the following on U.S. net exports? a) an increase in GDP in Japan b) an increase in the price of Japanese-made cars with no change in the price of U.S cars. c) An increase in the value of the U.S dollar relative to the Japanese yen.The table given below reports the value of different economic variables of a country during a year.Table 5.4 GNP Data(Adjusted for net factor income from abroad) Net Investment $400 Capital Consumption Allowance $800 Indirect Business Taxes $600 U.S. Exports $200 U.S. Imports $300 Government Purchases $150 Consumption Spending $2,030 Refer to Table 5.4. What will be the value of gross investment? Group of answer choices $1,000 $1,200 $400 $1,800 IndeterminateWhen Net Exports are negative: imports are lower than exports and foreign savings flowing into the country are higher than domestic savings flowing out. imports are lower than exports and foreign savings flowing into the country are higher than domestic savings flowing out. imports are higher than exports and foreign savings flowing into the country are lower than domestic savings flowing out. imports are higher than exports and foreign savings flowing into the country are higher than domestic savings flowing out.
- Gross domestic product is calculated by adding together f5 % 5 consumer spending, government spending, and all imports. consumer spending, investment spending, and net exports. consumer spending, government spending, and all investments. consumer spending, investment spending, government purchases of goods and services, and net exports. T f6 < 4- 6 f7 & 7 hp H fg বির * 8 fo DII 9 f10 DDI WIf a French citizen buys a bottle of wine from California, then U.S. consumption increases, U.S. net exports increase, and U.S. GDP increases. U.S. consumption stays the same, U.S. net exports increase, and U.S. GDP is unaffected. U.S. consumption increases, U.S. net exports increase, and U.S. GDP is unaffected. U.S. consumption stays the same, U.S. net exports increase, and U.S. GDP increases.The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,175 million. Enter the amount for government purchases. National Income Account Value Government Purchases (GG) Taxes minus Transfer Payments (TT) 225 Consumption (CC) 625 Investment (II) 300 Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S) = = $ million Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table. Private Saving = = $ million Public Saving = = $ million Based on your calculations, the government is running a budget (a. surplus, b. deficit).
- Net exports are -$114 billion and exports are $857 billion. What are imports?What is the value for net exports if consumer spending is $24,258, gross private domestic investment is $8,082, government purchases are $9,528, exports are $1,542, imports are $2,447, wages are $11,481, and indirect business taxes are $1,229? Other potentially useful components are unknown. Enter the value without a $ and without commas.Which of the following statements is FALSE? The GDP of a country equals the value of final output produced within the borders of that country The GNP of a country equals the value of final output produced using factors owned by residents of the country. ⒸGDP = net income received from abroad by residents of a nation + GNP GDP represents the most commonly used measure of an economy's output
- When a U.S. consumer buys Canadian maple syrup at the grocery store, this purchase is:A) an importB) an exportC) gross domestic productD) a transfer payment. Below is economic data for Germany for 2016 (measured in billions of current euros). What was total spending? Consumption 1,649.79 Investment 636.42 Government spending 620.01 Exports 1,442.41 Imports 1,211.64 A) 2,675B) 4,348C) 2,906D) 3,137 Please ans both questions and you will get thumbs up.The table below includes data for a one-year period required to calculate GDP from the income side for a teeny-tiny economy. Gross investment expenditure Wages and salaries Consumption expenditure Interest and investment income Business profits Depreciation Indirect taxes less subsidies Net exports TABLE 20-4 $402.00 $1741.00 $1302.40 $99.40 $70.40 $199.20 $175.20 $94.00 Refer to Table 20-4. What is the value of GDP, as calculated from the income side? $2010.00 $1982.60 $1986.00 $2584.40 $2285.20What is the HDI indicator? What do you think this indicator would say about the United States’ well-being? Explain.
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