Net Exports ($ bilions) Suppose that the net exports function in an economy is shown by the graph at ight Net Exports Function Use the line drawing tool to draw and label a new line that shows the impact of an increase in foreign income on the net exports function. Make sure that the line starts at Actual National Income level of 0 and that it crosses the x-axis. 120- 90 60 Carefully follow the instructions above, and only draw the required objects. 30- 0- -30- -601 -90- -120- Actual National Income (S bilions)

Net Exports ($ bilions) Suppose that the net exports function in an economy is shown by the graph at ight Net Exports Function Use the line drawing tool to draw and label a new line that shows the impact of an increase in foreign income on the net exports function. Make sure that the line starts at Actual National Income level of 0 and that it crosses the x-axis. 120- 90 60 Carefully follow the instructions above, and only draw the required objects. 30- 0- -30- -601 -90- -120- Actual National Income (S bilions)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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18. Deriving net exports By definition, net exports from Japan are equal to exports from Japan minus imports into Japan. In a hypothetical two-country world, imports into Japan are equal to exports from the United States. So the value for net exports from Japan is equal to exports from Japan minus exports from the United States. Graphically, at each exchange rate, the value for net exports is the horizontal distance from U.S. exports to Japanese exports. Use the graph input tool to answer the following questions. You will not be graded on any changes you make to this graph. (Note: To avoid dealing with decimal places, this calculator reports the price of yen in terms of dollars per 1,000 yen. That is, the price on the vertical axis is the dollar price of a 1,000-yen note instead of a single yen. As you have already seen, a price of 8 dollars per 1,000 yen is the same as 125 yen per dollar. Once you enter a value in a white field, the graph and any corresponding amounts in each grey…
Explain how net exports affect the U.S. economy.Describe both positive and negative impacts onGDP. Why do national income accountants usenet exports to compute GDP, rather than simplyadding exports to the other expenditure componentsof GDP?
please zoom the table!!! construct the graph for the Gross domestic product at current prices, manufacturing and wholesale and retail trade, accommodation, and restaurants.
The following graph approximates business cycles in the United States from the first quarter of 1947 to the third quarter of 1951. The vertical blue bar coincides with periods of 6 or more months of declining real gross domestic product (real GDP). 1947194819491950195121702070197018701770REAL GDP (Billions of dollars)YEAR Source: “Current-dollar and Real GDP,” Bureau of Economics Analysis, last modified May 1, 13, accessed May 15, 13, http://www.bea.gov/national/xls/gdplev.xls. Notice that real GDP trends upward over time but experiences ups and downs in the short run. A period of declining real GDP, such as the blue-shaded period in 1948, is known as . True or False: Small ups and downs in real GDP follow a consistent, predictable pattern. True False Which of the following probably occurred as the U.S. economy experienced increasing real GDP in 1950? Check all that apply. Industrial production declined. Consumer spending increased.…