Table 23-2 The table below contains data for the country of Crete for the year 2018. Total income Household purchases of durable goods Household purchases of nondurable goods Household purchases of non-education services Household purchases of education services Household purchases of new housing Purchases of capital equipment Inventory changes Purchases of new structures Depreciation Local government spending on goods and services State government spending on goods and services Federal government spending on goods and services Transfer payments Foreign purchases of domestically produced goods Domestic purchases of foreign goods 8. Refer to Table 23-2. What was Crete's GDP in 2018? a. $4623 b. $5731 c. $6037 d. $6839 $5731 $1108 b. $2013 C. $2315 d. $3131 $702 $203 $302 $816 $333 $75 $267 $401 $236 $419 $1182 $707 $217 $129 9. Refer to Table 23-2. What was Crete's consumption in 2018? a. $1810

Table 23-2 The table below contains data for the country of Crete for the year 2018. Total income Household purchases of durable goods Household purchases of nondurable goods Household purchases of non-education services Household purchases of education services Household purchases of new housing Purchases of capital equipment Inventory changes Purchases of new structures Depreciation Local government spending on goods and services State government spending on goods and services Federal government spending on goods and services Transfer payments Foreign purchases of domestically produced goods Domestic purchases of foreign goods 8. Refer to Table 23-2. What was Crete's GDP in 2018? a. $4623 b. $5731 c. $6037 d. $6839 $5731 $1108 b. $2013 C. $2315 d. $3131 $702 $203 $302 $816 $333 $75 $267 $401 $236 $419 $1182 $707 $217 $129 9. Refer to Table 23-2. What was Crete's consumption in 2018? a. $1810

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Suppose that Poland had exports of $100 billion in 2014 and imports of $150 billion. What were its net capital flows in that year? Give two examples of transactions that are part of the net capital flows of Poland, and indicate whether they enter the sum as positive numbers or negative numbers.
The table below represents the economy of Bruce, IL, which is a small town in Moultrie County. Corn is grown and only used in the production of beef (as feed). Rifles are produced but only used by government for policing. Beef and juice are produced and consumed by all citizens. If necessary, use 2012 as your base year. Corn Rifles Beef Juice Price Quantity Price Quantity Price Quantity Price Quantity 2011 $350 1000 $150 100 $5 100 $2 210 2012 $360 700 $175 120 $6 110 $2 220 2013 $380 1100 $165 140 $6 130 $4 220 2014 $400 1200 $185 150 $6 140 $5 200 What is the nominal GDP for 2013?
If a nation has positive Net Factor Payments and positive Net Exports Question 48 options: it is neither borrowing nor lending from other nations it is lending to other nations it is borrowing from other nations it is both borrowing and lending from other nations
Economics Over the past decade, holiday gift cards have become increasingly popular at online retailers. Not long ago, online shoppers had to really hunt at most e-retailer' sites to purchase a gift card, but today it is easier to purchase gift cards online than at traditional retail outlets. Provide a comprehensive initial post answering the following questions: Do you think online gift cards are merely a fad? Explain carefully.
Answer the following questions from the given Table below which contains data for Saudi Arabia for the year 2022. c. What was the investment in Saudi Arabia in 2022?
A country’s private consumption is 30, government spending is 7, investment is 5, net factor income from abroad is 2, GDP is 45. The country’s gross national disposable income is 46. the country’s gross national income is 47. the gross national expenditure is 42 and the Current account is 4. The country sent abroad 2 and received 1 of unilateral transfers. The rest of the world claims 100 of debt from the country above. This is a stock variable. The country lends at 4% and borrows at 3%. These are rates of change of stocks. Use this information combined with one of the flow variables describing the country’s international transactions to find the stock of what the world owes this country. Note: no workers worked across the border. No wages flowed in, none flowed out. Is the country from the previous question rich or poor? Does it enjoy the exorbitant privilege? In what important way is this country’s stock and flow of investment different from the US?
On average, people in low-income countries ________ than people in high-income countries. have a longer life expectancy are exposed to fewer severe diseases are subject to a lower infant mortality rate are shorter
Using the method introduced in the video calculate Net National Product. Show answer choices $6,565 $6,665 $6,765 $6,865\table[[ Dollar Values], [Durable Goods, $150 Durable Goods Services Consumption Depreciation Investment Government Purchase Exports Income Receipts from the rest of the world Nondurable Goods Net Exports Income payments to the rest of the world Dollar Values $150 $900 $1,300 $250 $3,150 $2,800 $2,000 $35 $250 -$350 $20
I got the answer 621, but that was wrong so I’m not real sure where I derailed.
Export of goods are = $508 Imports of goods are = $705 Balance of trade =?
Given the following information below in billions net domestic product is: Expenditures for consumer goods and services 4,565,Exports 740,Government purchases of goods and services 1,465, Social security taxes 510, Net investment 225, Indirect business taxes 520, Imports 825, Gross Investment 865, Corporate Income Taxes 185, Personal income taxes 750, Corporate Retained Earnings 45, Net foreign factor income 20, Government transfer payments to households 690, Net interest payments to households 0.
Given the above graph, what are the imports and exports for this country? a- It imports 25 computers and exports 275 shoes b- It exports 25 computers and imports 275 shoes c- It imports 125 computes and exports 350 shoes d- It exports 125 computes and imports 350 shoes