In an open economy, GDP is $7400 billion, consumption is $4550 billion, government expenditures are $1200 billion, investment is $2400 billion, and net export is -$750 billion. What are the national savings and NCO

Q: Assume that the gross domestic product is $6,000, personal disposal income is $5, 100, the…

A: National saving is the total save­d money from people, busine­sses, and the government in a country.…

Q: Briefly explain what a change in any part of the national saving and investment identity points out.

A:

Q: Question: Which of the following indicates AD in an open economy? a) Private (household) Consumption…

A: Aggregate demand refers to the total quantity of the goods and service that the consumers demand in…

Q: . Assume that the gross domestic product is $6,000, personal disposal income is $5,100, the…

A: a. Private Saving = $1,300b. Investment = $1,300c. Government Spending = $800d. National Savings =…

Q: How will you identify the factors affecting long-term level and growth of national income?

A: National income refers to the value of the production of goods and services in an economy during a…

Q: Studies indicate that net exports and net capital outflows tend to be equal. 1. Explain why net…

A: An economy is said to be an open economy if it can trade with other countries. This implies that the…

Q: Investments require savings. Which of these is not a component of investments in a country's…

A: Investments are defined as the production of those goods and services that are used to produce other…

Q: In an open economy the national income identity shows that: Where S stands for national savings, I…

A: An open economy is considered a situation where countries engage in communication with each other to…

Q: What do you understand by the term “closed economy”? For a closed economy show,  National savings =…

A: The different economies around the world tend to operate in different ways. The economies work with…

Q: compare adam smiths view of a nations wealth with that of modern economists who rely on gross…

A: A capitalist economy is a free market economy where the market forces of demand and supply determine…

Q: National savings is

A: In a closed economy, total output(Y) is sum of consumption(C), government expenditure (G) and…

Q: GDP = A , NDP = Write the number only, one decimal place; e.g. 10.0 4 A/ , NI =

A: GDP=Consumption+Gross Private Domestic Investment+Government Spending+Net Exports (Exports -…

Q: Under a closed system, when net exports equals 0, what must be true about investment spending? A…

A: Under a Closed economy a country doesn't engage to other countries but that produced to itself .

Q: Consider the following information about an open economy: GDP is $1,000 million, consumption is $850…

A: a. Net Exports = Exports - Imports = 100 - 125 = -25 Therefore, Net exports are -$25 Million.     b.…

Q: National savings is calculated as the sum of private and public savings. Private savings is equal to…

A: GDP is the market value of final goods and services produced by an economy during a given period of…

Q: Why is GDP and GNP converted to US dollar

A: Gross domestic product (GDP) measures the money value of all final goods and sevices produced within…

Q: How will you differentiate an open economy from a closed economy? Explain with the help of an…

A: An open economy is one in which product commerce involves not only domestic elements but also…

Q: In 2018, Belize had a GDP of 4 billion Belize dollars, and a population of 400,000 people. The…

A: A way of measuring the economic welfare of a nation, the GDP is the amalgamation of all the market…

Q: Briefly explain the circular flow of income in an economy. How does circular flow of income…

A: The Circular Income or Circular Flow is a model of the economy in which major transactions are…

Q: if capital became more inportant as an economy grew richer, what would happen to hte capital share…

A: Capital plays an important role in development of a nation. Thus in economics the discussion o…

Q: Outline any three reasons why countries borrow

A: Foreign commercial banks, international financial institutions such as the IMF, World Bank, and ADB,…

Q: iscuss the difference in GDP per capita using the two different exchange rates. Which one is larger?…

A: GDP is the total value of goods and services that are produced in the country.

Q: how can you define the domestic economy? And what are the different aspects of the domestic economy?

A: Domestic economy is that system of economy in which activities, situations and events take place in…

Q: briefly discuss direct interventions of government for national saving?

A: In the context of economics, national savings is equal to a nation's income minus consumption and…

Q: The value of net exports equals the value of   A.  national saving – domestic investment.…

A: The question is asking for the economic concept that equals the value of net exports. Net exports is…

Q: As an economist with the World Bank you have been asked to measure the Gross Domestic Product for…

A: Gross domestic product (GDP) measures the market value of final goods and services produced by an…

Q: Which gap will a su O O OC an equilibrium expansiona a recessionary an inflationar

A: Disclaimer- “Since you have asked multiple question, we will solve the first question for you as per…

Q: Consider the following data for country B, an open economy, for this year:   Y = $14 trillion…

A: Politicians and economists use a variety of approaches to evaluate a country's economic health. Some…

Q: Which of the following does not represent national saving? OA. Y-T-C+T-G OB. Private Saving +…

A: National savings is the sum of private savings and government savings. Simply put, it is the excess…

Q: Determine if each transaction is included in the Gross Domestic Product (GDP) and mark each item as…

A: " Since you have posted a question with multiple sub-parts, we shall answer the first sub-parts . To…

Q: In 2,011, Econistan had consumption of $115 billion, investment of $130 billion, government spending…

A: The mathematical expression that indicates the relationship between imports, exports and the gross…

Q: In an open economy, which of the following will always cause an increase in net exports? A all of…

A: In international trade, an export is a good or service produced in one country and sold to a…

Q: 33. The expenditure approach to calculating GDP for an open economy entails adding consumption,…

A: The expenditure approach is a strategy for computing a country's total national output (GDP) by…

Q: Given the following data for an open economy at current market prices for the year 2019: Net…

A: Detailed explanation:Real GDP is a fundamental measure in economics that allows for the assessment…

Q: Last year a country purchased $1.5 trillion worth of goods and services from foreign countries, sold…

A: here we calculate the value of domestic investment by using the given data so the calculation is as…