Suppose in 2009, the United States imported $1.5 billion worth of goods and services and sold $4 billion worth of goods and services outside its borders. Therefore, in 2009 net exports were: A. $5.5 billion B. −$4.4 billion C. $4.4 billion D. −$2.5 billion E. $2.5 billion
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Suppose in 2009, the United States imported $1.5 billion worth of goods and services and sold $4 billion worth of goods and services outside its borders. Therefore, in 2009 net exports were:
A. $5.5 billion
B. −$4.4 billion
C. $4.4 billion
D. −$2.5 billion
E. $2.5 billion
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- The table below shows nominal GDP, exports, and imports for the United States. Nominal GDP, Exports, and Imports Year 2015 2016 Nominal GDP Exports Imports (billions of (billions of (billions of dollars) $2,308.0 2,334.1 LA dollars) $16,981.9 17,601.1 Instructions: Round your answers to one decimal place. If you are entering a negative number include a minus sign. a. Calculate the value of net exports in 2015. billion b. Calculate the value of net exports in 2016. billion dollars) $2,759.7 2,878.3Define net exports. Explain how U.S. exports and imports each affect domestic production. Suppose foreigners spend $7 billion on U.S. exports in a specifific year and Americans spend $5 billion on imports from abroad in the same year. What is the amount of the United States’ net exports? Explain how net exports might be a negative amount.In an economy:- Exports = $800 million Imports = $730 million Calculate the value of net exports
- Between 2014 and 2015, the exports of the U.S. 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. None of the answers are correct b. The change in net exports will increase GDP by $5 billion. c. The change in net exports will decrease GDP by $5 billion. d. The change in net exports will decrease GDP by $10 billion. 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.When a U.S. consumer buys Canadian maple syrup at the grocery store, this purchase is:A) an importB) an exportC) gross domestic productD) a transfer payment. Below is economic data for Germany for 2016 (measured in billions of current euros). What was total spending? Consumption 1,649.79 Investment 636.42 Government spending 620.01 Exports 1,442.41 Imports 1,211.64 A) 2,675B) 4,348C) 2,906D) 3,137 Please ans both questions and you will get thumbs up.Is each of the following sets of variables positively or negatively related? a. Domestic income and imports: (Click to select) b. Domestic income and net exports: (Click to select) c. Foreign income and net exports: [(Click to select) d. The exchange rate value of the dollar and net exports: (Click to select) (Click to select) Positively related Negatively related
- When an American household purchases a bottle of Italian wine for $100, U.S. consumption does not change, U.S. net exports decrease by $100, and U.S. GDP decreases by $100.U.S. consumption does not change, U.S. net exports increase by $100, and U.S. GDP increases by $100.U.S. consumption increases by $100, U.S. net exports decrease by $100, and U.S. GDP does not change.U.S. consumption increases by $100, U.S. net exports do not change, and U.S. GDP increases by $100.In an economy, Exports = $2100 million Imports = $1750 million Calculate net exportsFor this problem, assume exports equal zero and that firms did not purchase any plant or equipment in the years specified. Suppose in the year 2015, firms in this this country produced 4,000 million widgets, all of which they planned on selling. (In other words, firms were not planning on any changes to their inventories.) Of those 4,000 million widgets, households purchased 3,000 million, and government purchased 750 million. In 2015, what was the relationship between actual expenditures and the amount of output (widgets) produced? All else equal, what will firms likely do in the following year?
- Consider the following table: Consumption of foreign goods and services Consumption of domestic goods and services Investment of foreign goods and services Investment of domestic goods and services Government purchases of foreign goods and 100 900 20 180 services Government purchases of domestic goods and 500 services Exports 100 Based on the data, how much is the net exports? A -20 120 1,580A U.S.-owned automobile factory uses $50 million worth of materials produced in the U.S. and $10 million worth of material purchased from foreign countries to produce $100 million of automobiles. $70 million worth of these automobiles are purchased by U.S. consumers, $25 million are sold in foreign countries, and $5 million are added to inventory. How much of this production is included in U.S. GDP? By how much do these transactions alone affect U.S. net exports?Calculate net exports of Brazil if the export were $780 million and imports were $600 million