GNP = 2000, GDP = 1600, Trade to GDP ratio = 50%, G = 400, X = 500, 1 = 300, S500(1) What is Import (M) ? (2) What is Consumption (C)? (3) What is CA? (4) What is the tax revenue (T)?

What are the main components of measuring GDP with what is produced?

Country A has export sales of 20 billion, government purchases of 1,000 billion, business investment is 50 billion, imports are 40 billion, and consumption spending is 2,000 billion. What is the dollar value of GDP?

According to Table 19.7, how often have recessions occurred since the end of World War II (1945)?

Ethiopia has a GDP of 8 billion (measured in U.S. dollars) and a population of 55 million. Costa Rica has a GDP of 9 billion (measured in U.S. dollars) and a population of 4 million. Calculate the per capita GDP for each country and identify which one is higher.

What are the main components of measuring GDP with what is demanded?

Agricultural price supports result in governments holding large inventories of agricultural products. Why do you think the government cannot simply give the products away to poor people?

How might you measure a green GDP?

The United States exports 14 of GDP while Germany exports about 50 of its GDP. Explain stat that means.

Which of the following are included in GDP, and which are not? The cost of hospital stays The rise in life expectancy over time Child care provided by a licensed day care center Child care provided by a grandmother A used car sale A new car sale The greater variety of cheese available in supermarkets The iron that goes into the steel that goes into a refrigerator bought by a consumer.