Suppose a DVR is bought from China for $200 and sold in the US for $250. GDP will count this     as $200.     as $250.     as a net of $50 ($250 sale minus $200 import).     as nothing.

Q: In an economy:- National income is $10,000 million and net factor income from abroad is $6700…

A: The information being given to us is as follows:- National Income = $10,000 million Net factor…

Q: Is Goss Domestic Product (GDP) is a good measure of a country’s economic well-being.

A: Concept of GDP- The economy's total income and expenditure on goods and services are measured by…

Q: is always equal to gross domestic income in the circular flow of income and expenditure. a. Gross…

A: Circular flow model explains how an economy functions. It analyses the way goods, services and money…

Q: None

A: NNP=GNP−DepreciationGNP=Consumption+ Gross Investment+ Government Expenditure+(Exports−Imports)+ Net…

Q: a. How much is GDP? $ b. How much is net investment? LA billion $ c. How much is national income? $…

A: Macroeconomics examines the working, composition, and dynamics of an economy. To comprehend and…

Q: Find exports if net exports is $150 million and imports are $180 million

A: The Given information is as follows:- Net exports = $150 million Imports = $180 million We have to…

Q: Calculate the value added by the firm if it is give that domestic sales of firm is $9000 , exports…

A: The data presented in the question is as:- Domestic sales = $9000 Exports = $3300 Purchase made by…

Q: Assume that GDP at market price is 650 million, factor income received from abroad is 180 million,…

A: GDP is an important macroeconomic measure of growth that is used to determine the total aggregate…

Q: Calculate national income

A: The value of products and services generated by a country throughout a fiscal year is referred to as…

Q: If net Exports is $100 and exports are $250  Find imports

A: The data presented in the question above is :- Net exports = $100 Exports = $250  Imports are to be…

Q: In 2010, Country A's GNP is $100'000. Government Spending is $10'000, Investment is $10'000,…

A: GNP= $100,000 Consumption: $30,000 Investment: $10,000 Government spending: $10,000 Trade balance…

Q: Factor income from abroad is ____________. a. Included in the GDP b. Not included in the GDP c.…

A: Answer: b. Not included in the GDP Factor income from abroad is not included in the components of…

Q: Find net exports if exports is $120 million and imports is $66 million

A: According to the above given question, the values given are:- Exports = $120 million Imports = $66…

Q: If national income (output) is $8.5 Trillion, Consumption is $6 Trillion, Exports are $1 Trillion,…

A: National Income or output is "the market value of all the goods and services produced within the…

Q: Susan sells a house built sever of the sale price to her real est transaction add to GDP? Enter a…

A: Given Information: House price (sells) = $2,98,333 Pays to real estate agent = 5%  This transaction…

Q: If net exports are $300 and in the country the exports are double that of imports Calculate the…

A: According to the above mentioned question, the values are:- Net exports = $300 million Also the…

Q: What is the value for net exports if consumer spending is $21,049, gross private domestic investment…

A: Net exports refer to the value of a country's total exports of goods and services minus its total…

Q: Personal Taxes $ 55 Social Security Contributions Taxes on Production and Imports Corporate Income…

A: Net Domestic product is the economic output of a country indicating its economic growth. It is a…

Q: In Vietnam in 2022, companies spend $7 millions, consumers spend $10 millions, government spends $8…

A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…

Q: As an economist with the World Bank you have been asked to measure the Gross Domestic Product for…

A: Gross domestic product (GDP) measures the market value of final goods and services produced by an…

Q: he consumption expenditure in the economy is $200mn. The investment expenditure in he economy is…

A: Government spending or government expenditure can be divided into three primary groups, government…

Q: Exports and Imports 800 700 600 500 300 400- 200 F 100 I 1970 1980 1990 Year Exports Imports 2000…

A: Net exports help to determine a country's total trade. The formula to compute net exports will be…

Q: Over the year, the country's workers earned 50 in wages. Further, five came in net labor and capital…

A: There are three methods to evaluate the national income. It is the sum of income generated by the…

Q: Consider country A. Its GDP is 500, and its income payments to foreign countries is 10 and its…

A: GDP=500income payments to foreign countries=10receipts from foreign countries=8

Q: Purchase of electricity by a family is:   a. not counted in GDP   b. counted as part of net…

A: Electricity is consumed normally by people just as they consume other goods. Consumer have to pay…

Q: Find the value of exports if net exports is $310 million and imports are $130 million

A: The information being given to us is:- Net exports = $310 million Imports = $130 million We have to…

Q: Company X produces $50,000 of wine in 2019 and they plan to sell the wine in 2021 to foreigners. How…

A: The market value of all final goods and services produced in the economic territory of the country…

Q: The equivalence of expenditure and income. What is the U.S total income in 2016 consisted of

A: The equivalence of tax and expenditure is total income. Total income of country varies according to…

Q: If the value of net exports is -30 Million and value of exports is $20 million Calculate the value…

A: We are clearly given that the value of net exports is -30 Million which is negative.  Also the value…

Q: Net exports are defined as: A. ​exports plus imports minus tariffs. B. ​imports minus exports C.…

A: Export are the goods and services sold to other country.  Imports are the goods and services…

Q: Dollar Amount Item Durable goods Nondurable goods Services Fixed investment Inventory investment…

A: Gross domestic product (GDP) is a measure of the economic performance of a country. It represents…

Q: The service which an elder brother performs when he stays at home to look after his baby sister…

A: GDP refers to the final value of all the goods and services produced in the economy during a given…

Q: Country B has export sales of $40 billion, government purchases of $400 billion, business investment…

A: GDP is the gross domestic product.  GDP is the sum of consumption, investment, government spending…

Q: R millions mption Expenditure 138 nent expenditure 98 ment expenditure 57 ports 64

A: 3.1)      GDP MP = C + I + G +NX                                            where , C = Consumption…

Q: GDP at market prices R397bn Net primary income payments to the rest of the world R37bn Indirect…

A: Net national product (NNI) at factor cost can be calculated by using the following formula.

Q: To arrive at the National income using the value added method, what has to be added to the net…

A: National income is the total value of commodities produced by the companies in a country.

Q: GDP measures the value of production within the geographic confines of a country and even outside…

A: The answer is FALSE.

Q: Find the value added by a firm given that:- Domestic sales by firm  = $5500 Exports by firm  =…

A: The data presented in the question above is:- Domestic sales by firm = $5500   Exports by firm =…

Q: Tom's Fruit uses only labour to collect wild tomatoes, which it sells for $50,000 to Tony's ketchup.…

A: GDP is calculated by adding the value of all finished goods and services that are produced within…

Q: If you live in your own house, it does not count in GDP. If you rent your house, it counts in GDP…

A: GDP is the market value of all final goods and services produced within an economy in a given period…

Q: The value of GDP can be found by adding together... A. wages, consumption, investment, and…

A: There are generally three ways to calculate GDP: 1-Expenditure method:…

Q: Calculate exports of firm A if its value added is $5000 million, domestic sales is $3200 and…

A: The information being given as:- Value added by firm = $5000 Domestic sales = $3200 Purchase = $1000…