Problem You are given the following information about an open economy Gross private domestic investment:40 Government purchases of goods and services:30 Gross national product(GNP):200 Current account balance:-20 Taxes:60 Government transfer payment to the domestic private sector:25 Interest payments from the government to the domestic private sector:15 Factor in come received from the rest of the world:7 Factor payments made to the rest of the world:9 Calculate the following: a)Consumption b)NetExports c)GDP d)Net factor payments from abroad e)Private savings (f) Government savings (g) National savings

Q: According to the open-economy macroeconomic model, import quotas increase which of the following O…

A: An open economy is a macro economic model in economics which refers to the communication channel…

Q: The countries of Aptonville and Boxtown each produce two goods: Trucks and Motorbikes. The table…

A: In economics, the opportunity cost is the worth of what you have to give up in order to choose…

Q: Measuring the openness of an economy The following table contains information on two hypothetical…

A: The ratio of sum of exports and imports to the GDP measured the trade openness a nation has.…

Q: Jsing the specific factors theory and the following table on relative factor apundance, what is the…

A: The Specific factor Theory is used to evaluate the real-world and practical phenomenon that certain…

Q: Which country has the higher GDP per capita measured in purchasing power, India or Mexico? a.…

A: PPP is the purchasing power parity that measures the purchasing power of one currency in terms of…

Q: Which of the four IS-LM models in the figure below represents the results of a fall in exogenous…

A: A drop in exogenous export expenditure would result in a decline in aggregate demand in the IS-LM…

Q: In a country, private savings equals 600, the government budget surplus equals 200, and the trade…

A: We are given private savings as 600, government budget surplus as 200 and trade surplus as 100.…

Q: Question 2 of 24 Y Hint Check Answer Suppose that Saudi Arabia produces 10,000,000 barrels of oil…

A: Here, it is given that the United States produces 10,000,000 barrels of oil and 1,000 bushels of…

Q: If Nike, an American corporation, produces t-shirts in China this would O Add to China's GDP but not…

A: GDP refers to the money value of all final goods and services that are produced within the country…

Q: provide a specific statement of the current status of the US Economy - identifying the current…

A: The economies of North America have grown varied and prosperous. The region's activities include…

Q: Tariffs have mixed implications for citizens depending on their industry and position within it. The…

A: The official tariff rate was meant to discourage the import of finished goods and stimulate domestic…

Q: If the value of a nation’s imports exceeds the valueof its exports, which of the following is NOT…

A: If the value of a nation’s imports exceeds the value of its exports. Then,  A) net exports = exports…

Q: When calculating gross national disposable income in an open economy, we adjust gross national…

A: Introduction  Gross National Disposable Income measures the income available to the nation for final…

Q: Consider two neighboring island countries called Felicidad and Bellissima. They each have 4 million…

A: Disclaimer :- as you posted multipart questions we are supposed to solve the first three questions…

Q: Identify whether the given items are examples of imports, exports, or neither. Assume the United…

A: Export refers to trading of goods and services from domestic country to foreign country. Import…

Q: Refer to the Figure 13-2. Suppose that these diagrams refer to Canada. If the interest rate was…

A: Demand:Demand is the desire of an individual ability and willingness to pay for a product. The…

Q: Suppose there is a reduction in foreign output, Y*. This reduction in Y* will cause which of the…

A: Suppose there is a reduction in foreign output, Y*. This reduction in Y* will cause which of the…

Q: Which of the following is a possible impact of a global saving glut on a small OPEN economy?…

A: Global saving glut: The global saving glut is an economic phenomenon that is classified by the…

Q: Who receives the greatest benefit from a trade deficit? O Foreign consumers O Domestic farmers…

A: The trade deficit is the deficit in the balance of trade account. The balance of trade account is…

Q: What is the current account for Canada? a. $165 billion b. $175 billion c. $10 billion d. $155…

A: Current and capital accounts make up a nation's balance of payments. Accounts for transfer payments,…

Q: ntegration of the world economy is increasing the intensity of n manufacturing industries and…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first question for you. If…

Q: Which of the following are direct foreign investments, and which are not? Event a. A French company…

A: The issue is whether or not particular events are considered direct foreign investment or not.

Q: In the open circular flow diagram, Oa. Domestic Savings - Domestic Investment = Trade Balance…

A: "In macro-economics there is a relation between domestic savings, domestic investment, and trade…

Q: Please Draw a diagram for Saving and Investmetn in a small open economy. Assume the world real…

A: We draw savings and investment in the open economy and there is a difference between savings and…

Q: Scroll down to "U.S. Trade in Goods and Services by Selected Countries and Areas, 1999 - Present"…

A: Goods, products, or services that are produced or provided within a country's borders and are sold…

Q: World consumption of silver, Q, in millions of ounces, to make jewelry and the price of silver, P,…

A: Demand is the desire backed by a willingness to pay and the ability to pay by an individual. The…

Q: Y₂₁ 0000 Y Y Y Real GDP S+M Ig+x la In the above private open economy exports are Independent of…

A: Open economy macroeconomics investigates the links between a country's economy and the global…

Q: In a small open economy, an increase in government spending implies: O a) an increase in S-l(r *);…

A: Govеrnmеnt spеnding rеfеrs to thе total еxpеnditurеs madе by a govеrnmеnt within a spеcific pеriod,…

Q: A French worker has 100 shirts or 20 in a year a computer can produce, while a British worker can…

A: The PPC (Production Possibility Curve) depicts all the possible combinations of products that a…

Q: REAL INTEREST RATE Supply Demand Supply Demand 10 20 30 40 50 QUANTITY OF LOANABLE FUNDS The…

A: Fiscal Policy refers to changes in government spending or taxation in order to regulate the economy.…

Q: If a US resident spends $1,000 to buy €880 worth of French burgundy wine, the US balance of payments…

A: Balance of payment is defined as an accounting statement which records the economic transactions…

Q: 4. Assume no government and no international trade in a country. Show that measured savings is…

A: The buying and selling of goods and services between businesses in various nations is referred to as…

Q: 1. What is the difference between economic growth and economic development? 2. What is unemployment,…

A: Economic growth refers to an increase in the output that an economy produces over a period of time,…

Q: ce the total doilar value of that share. a. Computers b. Mapie sysup nol c. Soybeans hsbun bne…

A: a. The development of a natural gas export terminal will cause more choices for the people in the…

Q: Model of an open economy without government. Given is: C = 100 + 0,7Y I = 200 X = 100 Q = 0 + 0.1Y…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Which of the following is TRUE of an open economy? O GDP = C+ I+G+X-IM O GDP = C+ I+G O GDP = T-…

A: Answer in step 2

Q: From Exhibit 10 - Real U.S. Trade in Goods by Principal End-Use Category Chained (2012) Dollars…

A: Export to import ratio: Export/import   When Exports exceed imports, the ratio is greater than 1.…

Q: Answer the following questions using the BEA Tables for US International Trade in Goods and…

A: Year Total Export Total Import 2017 837,474 548,475 2018 865,549 565,395 2019 891,177 593,594…

Q: specialize in the production and advantage in, both O prices, the trade deficit production,…

A: International trade implies the exchange or transfer of products and services beyond the…

Q: he nation of Narnia had a current account deficitof $423 million and a nonreservefinancial account…

A: Answer a) Current account deficit is $423 millionNon-reserve financial account surplus is $360…

Q: Which of the following is an example of foreign direct investment? Select one: Ⓒa. A Brazilian firm…

A: Foreign direct investment refers to investment which originates from source country to destination…

Q: tends to discourage firms from making physical capital investments. O Government borrowing O Large…

A: Physical capital includes tangible and man-made objects that a firm purchases or invests in for the…

Q: Which of the following represents the domestic demand for goods? OC+1+ G- IM/ɛ O C+I+ G+ X + ɛlM O…

A: The aggregate supply is the total amount of services and commodities that firms in an economic plan…

Q: Based on the Balance of Payments account presented in this table, the net exports are: a. 2300 b.…

A: Net exports = total Exports -  total Imports = 1500 + 800 – 2100 – 500 = -300

Q: The table below shows the export and import values of automobiles, pharmaceutica and clothing in…

A: Intra-industry trade implies countries involved in both the export and import of the same type of…