**Instructions:** Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (−) in front of those numbers.| (1) Real Domestic Output (GDP = DI), Billions | (2) Aggregate Expenditures, Private Closed Economy, Billions | (3) Exports, Billions | (4) Imports, Billions | (5) Net Exports, Billions | (6) Aggregate Expenditures, Open Economy, Billions ||---------------------------------------------|-------------------------------------------------------|-------------------------|------------------------|-------------------------|--------------------------------------------------|| 300 | 340 | 30 | 10 | | || 350 | 380 | 30 | 10 | | || 400 | 420 | 30 | 10 | | || 450 | 460 | 30 | 10 | | || 500 | 500 | 30 | 10 | | || 550 | 540 | 30 | 10 | | || 600 | 580 | 30 | 10 | | || 650 | 620 | 30 | 10 | | |**Questions:**1. **Net exports = $____ billion**2. **Equilibrium GDP = $____ billion**3. **d. What is the multiplier in this example?** - **Answer: ____****Explanation:**In the table, column (1) lists the Real Domestic Output, measured in billions. Column (2) shows Aggregate Expenditures in a private closed economy. Columns (3) and (4) display the values for exports and imports, respectively, both in billions. Column (5) is for calculating Net Exports, which is Exports minus Imports.Finally, column (6) is for Aggregate Expenditures in an Open Economy, which involves incorporating Net Exports into the Aggregate Expenditures of the private closed economy. By working through the table, you'll fill out columns (5) and (6) accordingly and calculate the answers for the given questions.

GDP- It is the market value of goods and services produced with in the domestic territory of the…

Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to inc negative sign (-) in front of those numbers. (2) Aggregate (1) Real Domestic Expenditures, Output (GDP = DI), Private Closed Economy, (5) Net Еxports, Billions (6) Aggregate Expenditures, Open Economy, (3) Exports, Billions (4) Imports, Billions Billions Billions Billions $300 $340 $30 $10 350 380 30 10 400 420 30 10 450 460 30 10 500 500 30 10 550 540 30 10 600 580 30 10 650 620 30 10 Net exports = $ billion Equilibrium GDP = $ billion

Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to inc negative sign (-) in front of those numbers. (2) Aggregate (1) Real Domestic Expenditures, Output (GDP = DI), Private Closed Economy, (5) Net Еxports, Billions (6) Aggregate Expenditures, Open Economy, (3) Exports, Billions (4) Imports, Billions Billions Billions Billions $300 $340 $30 $10 350 380 30 10 400 420 30 10 450 460 30 10 500 500 30 10 550 540 30 10 600 580 30 10 650 620 30 10 Net exports = $ billion Equilibrium GDP = $ billion

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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3. Consider the following table showing the breakdown of GDP (in billions) for China. GDP Category Wages and Salaries Consumption Investment Depreciation Government Amount (in billions) 1000 1700 700 50 100 Expenditure Тахes 300 Еxports Imports Income receipts from rest of the world Income payment to rest 50 40 10 50 of the world 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?
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4 (a Your task is to calculate the equilibrium National Income (Y) and the interest rate (i)based on the figures above: (6 points) Y == and i= 4 (b Describe how large the state's tax revenues are and calculate the state budget balance(Sb), further you should calculate country's current account (NX): (9 points) T = Sb= NX =
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-0.75% Question 50 A circular flow diagram O is shows the link between government spending and investment O it shows how government and firms are connected through factor and government markets O shows how firms and households are connected through product and factor markets O it shows foreign exchange markets Su No new data to save. Last checked at 6:47am discord.comis sharing your screen and audio. Stop sharing Hide 82 F
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Fill in the blanks in the following table. Assume for simplicity that taxes are zero. Also assume that the values represent billions of 2012 dollars. (Round your responses to the nearest whole number.) Saving (5) Real GDP (Y) $800 $900 $1,000 $1,100 $1,200 Consumption (C) $640 $720 $800 $880 $960
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