Problem Set 4 Suppose the following transactions occur during the current year: 1. Lorenzo orders 60 cases of beer from a Dutch distributor at a price of $40 per case. 2. A U.S. company sells 300 axles to a Spanish company at $15.00 per axle. 3. Sam, a U.S. citizen, pays $1,500 for a computer he orders from Honeycrisp (a U.S. company). Complete the following table by indicating how the combined effects of these transactions will be reflected in the U.S. national accounts for the current year. Hint: Be sure to enter a "0" if none of the transactions listed are included in a given category and to enter a minus sign when the balance negative. Consumption Investment Government Purchases Imports Exports Net Exports Gross Domestic Product (GDP) Amount (Dollars) 0 0 0 2,400 4,500 2,100 1,500 Save & Continue Continue without saving Ⓡ
Problem Set 4 Suppose the following transactions occur during the current year: 1. Lorenzo orders 60 cases of beer from a Dutch distributor at a price of $40 per case. 2. A U.S. company sells 300 axles to a Spanish company at $15.00 per axle. 3. Sam, a U.S. citizen, pays $1,500 for a computer he orders from Honeycrisp (a U.S. company). Complete the following table by indicating how the combined effects of these transactions will be reflected in the U.S. national accounts for the current year. Hint: Be sure to enter a "0" if none of the transactions listed are included in a given category and to enter a minus sign when the balance negative. Consumption Investment Government Purchases Imports Exports Net Exports Gross Domestic Product (GDP) Amount (Dollars) 0 0 0 2,400 4,500 2,100 1,500 Save & Continue Continue without saving Ⓡ
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Problem Set 4
Suppose the following transactions occur during the current year:
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1. Lorenzo orders 60 cases of beer from a Dutch distributor at a price of $40 per case.
2. A U.S. company sells 300 axles to a Spanish company at $15.00 per axle.
3. Sam, a U.S. citizen, pays $1,500 for a computer he orders from Honeycrisp (a U.S. company).
Consumption
Investment
Government Purchases
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Imports
Exports
Net Exports
Gross Domestic Product (GDP)
Amount
(Dollars)
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Complete the following table by indicating how the combined effects of these transactions will be reflected in the U.S. national accounts for the current
year.
0
Hint: Be sure to enter a "0" if none of the transactions listed are included in a given category and to enter a minus sign when the balance is negative.
0
2,400
4,500
2,100
1,500
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Save & Continue
Continue without saving
Update:
8
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