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- Based on the following statistics, how much is consumption? Total spending Investment Government spending Exports Imports O-$0.38 trillion O $5.13 trillion O $6.49 trillion O $11.62 trillion $11.62 trillion $2.56 trillion $2.95 trillion $1.80 trillion $2.18 trillionbillions of dollars Personal consumption expenditures 500 Gross private domestic investment 400 Social Security payments to households 60 Federal government purchases of goods and services 100 State and local government purchases of goods 200 Imports 180 Net exports |-50Use the table below to answer the following question: Component Consumption Government Purchases $3 Trillion Exports Imports Value $16 Trillion $1 Trillion $2 Trillion If GDP is equal to $23 Trillion, what must the value of the investment component be? O $1 Trillion O 3 Trillion O Negative $1 Trillion O $5 Trillion
- Please answer fast arjentE2Between 2017 and 2018, the exports of the X economy decreased by $5 billion and its imports increased by $5 billion. All else equal? By how much has the GDP changed between the two years? Select one: O a. The change in net exports will decrease GDP by $10 billion. O b. The decrease in exports is offset by the decrease in imports, so there is no change in net exports and no effect on GDP. Oc. O d. The change in net exports will increase GDP by $5 billion. e. The change in net exports will decrease GDP by $5 billion.
- Between 2017 and 2018, the exports of the X economy decreased by $5 billion and its imports increased by $5 billion. All else equal? By how much has the GDP changed between the two years? Select one: a. The change in net exports will decrease GDP by $5 billion. O b. The change in net exports will decrease GDP by $10 billion. C. d. The change in net exports will increase GDP by $5 billion. O e. The decrease in exports is offset by the decrease in imports, so there is no change in net exports and no effect on GDP.Use the following graph for a private closed economy (an economy with only a private sector and no international trade) to answer the next question. Consumption and Investment $500 450 400 350 - 300 - 250 -- 200 150 100 50 O O $50 billion. At the equilibrium level of real GDP, saving will be O $100 billion. 45 O $150 billion. C+Ig $50 100 150 200 250 300 350 400 450 500 550 Real Domestic Output ($B) O undeterminable from the information given. с5
- Time remaining: 01:59:30 Economics 1: Suppose the nation of Utopia has the following national income and product accounts.Depreciation 50Exports 65GDP 500Gross Private Domestic Investment 90Government Purchases of goods & services 100Government transfer payments 80Imports 75Income paid to foreigners for their contribution to domestic output 15Income received by citizens for factors of production supplied abroad 20a. What are Personal Consumption Expenditures?b. What is GNP?c. What is Net Private Domestic Investment? 2:Suppose I offer to give you $1000 in two years if you give me $900 today. Is this a good deal if . . a. the interest rate is 2%?b. the interest rate is 5%?c. the interest rate is 10%?Given the data shown in the table below, if planned investment increased by $100, the new equilibrium GDP would be approximately ________.The data in columns 1 and 2 in the table below are for a private closed economy Instructions: For all parts, enter only whole numbers for your answers. If you are entering any negative values, be sure to include a negative sign (-) in front of the number you are entering. (1) Real Domestic Aggregate Output (Billions) $200 (6) Aggregate Expenditures, Exports Open Economy (Billions) (2) (5) Net (3) Expenditures Exports, (Billions) $20 $20 $20 (4) Imports, (Billions) $30 (Billions) (Billions) $240 $250 $300 $350 $280 $30 $320 $30 $360 $20 $30 $400 $400 $20 $30 $450 $440 $480 $520 $20 $30 S %24 $500 $550 $20 $20 $30 $30 a. Using columns 1 and 2, what is the equilibrium GDP for this hypothietical economy? $ billion b. Now open up this economy to international trade by Including the export and import figures of columns 3 and 4. Fill in columns 5 and 6 What is the equilibrium GDP for the open economy? $ billion
