Given the following data for an open economy at current market prices for the year 2019: Net investment spending 1258 Government Expenditure 651 Consumption expenditure 1621 Depreciation 188 Net export 170 Export 536 GDP deflator 2016 (unit free) 136   Given the information above, answer the following questions    What is the value of Gross investment spending?

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 $2285.20

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

Use the information in the table to answer the following questions. All numbers are in billions of 2012 dollars Planned Government Net Exports Real GDP (Y) Consumption (c) Investment (I) Purchases (G) (NX) $5,000 $4,500 $500 $700 - $500 S6,000 $5,300 $500 $700 - $500 S7,000 $6,100 S500 $700 - $500 $8,000 $6,900 $500 $700 - $500 S9,000 $7,700 S500 $700 - $500 The equilibrium level GDP is $ billion. The MPC is (enter your response to two decimal places). Suppose that net exports increase by $400 billion. Using the multiplier formula, determine the new level of GDP. A $400 billion increase in net exports leads to a change in spending of $ billion, so the new level of GDP will be $ billion.

The following table provides data for an economy in a certain year: Consumption expenditures Imports $ 1,000 600 Government purchases of goods and services Construction of new homes and apartments Sales of existing homes and apartments 700 500 600 Exports Government payments to retirees Household purchases of durable goods Beginning-of-year inventory End-of-year inventory Business fixed investment 500 200 300 500 600 300 Given the data, compute the investment component of GDP.

Use the table to find GDI, GDP, gross private domestic investment, personal income, and personal disposable income. (All amounts in trillions of dollars.) Profit Indirect business taxes 2.8 .8 Rent .7 Interest Wages .8 8.2 Depreciation Consumption Government spending 1.3 11.0 1.8 Imports 1.7 Social Security contributions 2.0 Exports 1.5 Government transfer payments 2.0 Personal income taxes and nontax 1.7 payments Corporate taxes and retained .5 earnings GDI = 14.6 GDP = 14.6 ' , gross private domestic investment = 2, personal income = 12, personal disposable income= 10.3 Fill in numbers only; one decimal place; e.g. 10.0

Refer to the data for 2019 below to answer the following questions: The Equivalence of Expenditure and Income (in Billions of Dollars) Expenditure C: Consumer goods and services 1: Investment in plants, equipment, and inventory G: Government goods and services X: Exports M: Imports GDP: Total value of output % b. Corporate profits? $14,561 % 3,744 3,754 2,504 Wages and salaries Corporate profits Proprietors' income Instructions: Enter your responses as a percentage rounded to one decimal place. What share of U.S. total income in 2019 consisted of a. Wages and salaries? Income Rents Interest Taxes on output and imports Depreciation Statistical discrepancy (3,136) $21,427 = Total value of income $11,434 2,075 1,658 778 645 1,494 3,463 (120) $21,427

1. Calculate the values for the blanks in the shaded areas of the table below (identify your responses in a logical fashion in your document): Expenditure Components of GDP by Country, 2018 (billions of US dollars) Australia Canada Denmark Finland India Japan New Zealand UK US Consumption 808.7 996.9 165.9 146.1 1650.6 2763.3 120.0 1870.5 13998.7 Investment Business fixed investment 336.9 385.1 78.8 65.6 842.7 1202.5 49.1 487.3 4260.7 Changes in inventories 0.1 9.4 2.9 3.4 27.4 11.2 0.1 5.8 54.7 Government 275.5 357.1 86.6 62.7 312.1 981.6 38.4 528.3 2904.3 Net Exports 917.1 58.2 Exports Imports 348.5 544.9 197.9 106.8 548.6 856.8 2510.2 312.0 581.1 176.4 108.8 657.0 904.4 58.1 907.1 3148.5 GDP Source: UNData, UN Statistics Division, data.un.org, GDP by Type of Expenditure at current prices – US dollars

1. Calculate the values for the blanks in the shaded areas of the table below (identify your responses in a logical fashion in your document): Expenditure Components of GDP by Country, 2018 (billions of US dollars) Denmark Finland Australia Canada India Japan New Zealand UK US Consumption 808.7 996.9 165.9 146.1 1650.6 2763.3 120.0 1870.5 13998.7 Investment Business fixed investment 336.9 385.1 78.8 65.6 842.7 1202.5 49.1 487.3 4260.7 Changes in inventories 0.1 9.4 2.9 3.4 27.4 11.2 0.1 5.8 54.7 Government 275.5 357.1 86.6 62.7 312.1 981.6 38.4 528.3 2904.3 Net Exports Exports Imports 348.5 544.9 197.9 106.8 548.6 917.1 58.2 856.8 2510.2 312.0 581.1 176.4 108.8 657.0 904.4 58.1 907.1 3148.5 GDP Source: UNData, UN Statistics Division, data.un.org, GDP by Type of Expenditure at current prices – US dollars 2. Based on the information in the table and your calculations for Question #1: Do any countries have positive net exports? Which one(s)? Which country has the largest negative net…

Saving and investment in the national income accounts The following table contains data for a hypothetical closed economy that uses the dollar as its currency.    Suppose GDP in this country is $950 million. Enter the amount for investment.   National Income Account Value (Millions of dollars) Government Purchases (G�) 250 Taxes minus Transfer Payments (T�) 325 Consumption (C�) 500 Investment (I�)     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)National Saving (�)  =      Y-C-G  or  G-T  or  Y-C or  Y-T-G =      C or Y or I or G $ __________ 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  =       Y-C-T  or  T-G  or C-T  or Y-T-I = $ __________…