**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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Problem 1 Given the following table: $Billions 40 Depreciation Receipts of factor income from the rest of the world Government purchases Imports Payments of factor income to the rest of the world Net private domestic investment Personal income taxes 30 100 50 50 200 120 Personal consumption expenditures Dividends 600 20 Exports Amount of national income not going to households 60 20 Calculate: 1- GDP 2- GNP 3- NNP 4- National Income 5- Personal Income 6- Disposable Income
1. Given the following national income and product accounts data, compute I, NX, NI, PI, DI, NNP, GNP, and GDP Depreciation Amount of national income not going to households Compensation of employees Corporate profits Dividends Exports Government consumption and gross investment Imports Indirect taxes minus subsidies Net business transfer payments Net interest Net private domestic investment Personal consumption expenditures Receipts of factor income from the rest of the world Personal income taxes Proprietors' income Payments of factor income to the rest of the world Rental income Statistical discrepancy Surplus of government enterprises 3. 12,532 2005 489.4 2006 505.7 12,746 2007 526.7 13,011 2008 553.0 13,275 2009 565.8 13,503 2010 563.1 2011 553.5 13,757 1,215 The following table provides information about Canadian economy for a seven-year period, given 2006 is the base year. Year Real GDP Labor force Unemployed Employed Unemployment Population (Billions) (Thousands) (Thousands)…
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9:20 197% O a 36l Show Timer ¥ Question Completion Status: yovtmItni taptists DIVIDENDS 70 net investment expenditure 300 find the value of the following accounts : 1- national savings ? 2- Business savings ? 3- Government savings ? 4- Retained profit? 5- Depreciation ? ) A Moving to another question will save this response. « K Question 2 of 9 Il>
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dule 9 Quill 0 6 Output and Consumption (in millions of dollars) Real GDP (Y) Consumption (C) Gross Investment (1) 42 28 9 Government Purchases (G) 7 Ask Net Exports (NX) -2 What is the equilibrium level of ouput? Mc Graw Hill Multiple Choice O $42 million O O $28 million $84 million $14 million Saved a @ # $ % & 2 3 4 5 6 7 41\
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