If a U.S. citizen buys a coat made in China, the a. U.S. consumption increases and U.S. net exports decrease, thus, U.S. GDP decreases. b. U.S. consumption increases and U.S. net exports decrease, thus, U.S. GDP is unaffected. c. U.S. consumption decreases and U.S. net exports increase, thus, U.S. GDP increases. d. U.S. consumption decreases and U.S. net exports increase, thus, U.S. GDP is unaffected.
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. If a U.S. citizen buys a coat made in China, the
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a. |
U.S. consumption increases and U.S. net exports decrease, thus, U.S. |
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b. |
U.S. consumption increases and U.S. net exports decrease, thus, U.S. GDP is unaffected. |
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c. |
U.S. consumption decreases and U.S. net exports increase, thus, U.S. GDP increases. |
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d. |
U.S. consumption decreases and U.S. net exports increase, thus, U.S. GDP is unaffected. |
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- What will happen to the net exports of Mexico when there is an increase in income in the United States? Ⓒ Net exports will increase because exports will increase. Net exports will decrease because exports will decrease. ONet exports will decrease because imports decrease. Net exports will increase because imports increase.If US exports increased and imports remained constant, this would... O No change in GDP Decrease GDP Increase Net Exports Increase Government PurchasesIf the value of a nation’s imports exceeds the valueof its exports, which of the following is NOT true?a. Net exports are negative.b. GDP is less than the sum of consumption,investment, and government purchases.c. Domestic investment is greater than nationalsaving.d. The nation is experiencing a net outflow ofcapital.
- Consumption $500Government Expenditures $200GNP $800Gross Private Domestic Investment $100Imports $100Exports $50 Questions:1. Using the data above, GDP is equal to __________________.2. Using the data above, Net Exports is equal to _____________.How would the following transactions affectU.S. exports, imports, and net exports?a. An American art professor spends the summertouring museums in Europe.b. Students in Paris flock to see the latest movie fromHollywood.c. Your uncle buys a new Volvo.d. The student bookstore at Oxford University inEngland sells a copy of this textbook.e. A Canadian citizen shops at a store in northernVermont to avoid Canadian sales taxesIfthe value of a nation's imports exceeds the value of its exports,which of the following is NOT true? a.Net exports are negative. b.GDP is less than the sum of consumption, investment, and government purchases. c.Domestic investment is greater than national saving. d.The nation is experiencing a net outflow of capita
- If 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.Consider the following table showing the breakdown of GDP (in billions) for China. GDP Category Amount (in billions) Wages and Salaries 1000Consumption 1700Investment 700Depreciation 50Government Expenditure100Taxes 300Exports 50Imports 40Income receipts from rest of the world10Income payment to rest of the world50 What are net exports for China? 4. Suppose that GDP in Japan is 1030 and then grows to 1160 (all numbers in billions)What is the growth rate of GDP in Japan?Use the following information to answer questions 5 through 15: The tables below show data on prices and quantities of Oranges and Shoes produced in China. Data for 2014Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes0.7 200 10 270Data for 2015Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes0.9 150 14 250Data for 2016Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes1.4 300 15 3305. Given this data, what is the Nominal GDP in 2014?6. What is the Nominal GDP in…Question 4 If Chinese consumers decrease their demand for apples from New Zealand, then (other things being equal) China's: OA Imports and net exports fall O B. Exports and net exports fall OC Exports fall and net exports rise OD. Imports fall and net exports rise
- If Ford sells 200 Explorers for a total of $400,000 to Germany, while the United States imports 100 BMWS for a total of $500,000 from Germany, a. U.S. net exports is positive. O b. Germany GDP decreases. U.S. GDP increases because it sells more Explorers. d. U.S. GDP decreases because net exports are negative.Shane who is a farmer of a city bought a tractor worth $18,500 from an importer so that the mango orchard he is taking care of would bare more fruits to be exported later. A. Investment B. Consumption C. Import D. Net exportThe table below shows nominal GDP, exports, and imports for the United States. Nominal GDP, Exports, and Imports Year 2015 2016 Nominal GDP Exports Imports (billions of (billions of (billions of dollars) $2,308.0 2,334.1 LA dollars) $16,981.9 17,601.1 Instructions: Round your answers to one decimal place. If you are entering a negative number include a minus sign. a. Calculate the value of net exports in 2015. billion b. Calculate the value of net exports in 2016. billion dollars) $2,759.7 2,878.3