The following are a year's data for a hypothetical economy. Comsmption $400B, Government purchases $350B, GDPI $150B, Exports $150B, Imports $100B, Depreciation $50B.  a) what is the value of GDP and NDP? b) what is the value of Net private Domestic investment ? c) suppose that in the next year exports increases to $175B, imports increase to 200B, and consumption falls to 350B. What will GDP be in that year?

Q: The table below provides Income and consumption Data in billions of dollars. Answer question below…

A: Here, the given table shows the consumption level at different income levels in an economy.

Q: In the full circular flow, C = $300, net Taxes = $100, Saving = $40, Private domestic investment =…

A: It can be defined as the concept of economics which helps in showing the relation of the flow of…

Q: Given the following: consumption = 400, investment = 300, government expenditure = 150 and net…

A: Economy's GDP Y = Consumption + Investment + Government expenditure + Net export

Q: Answer the relevant questions about an economy with the following information. a. Gross Domestic…

A:

Q: How will an increase in the amount of scholarships and pensions given by the government affect the…

A: Scholarship and pension payment by government are transfer payments which are unilateral cash flows,…

Q: Give typing answer with explanation and conclusion what is the US GDP for the first quarter and…

A: In Keynesian economics, aggregate demand plays a very important role in determining income level and…

Q: Products that are in the process of production but are finished and sold by the end of the year are…

A: GDP is the sum of consumption spending, investment spending, government spending, and net exports.

Q: In its Budget presentation the Government proposes a lump sum tax increase of $80million. On the…

A: When marginal propensity to consume is 0.9, tax multiplier would be: =-MPC/MPS =-0.9/0.1 =-9…

Q: 1. If imports are $2 trillion, exports are $1.9 trillion, consumption is $3.8 trillion, investment…

A: The objective of the first two questions is to calculate the Gross Domestic Product (GDP) using the…

Q: Private sperding (billions) 8300 800 2 20 11 $20 100 30 100 120 140 160 180 200 GDF (hillens) (CIE…

A: A private and closed economy consists of households and firms or businesses. A private and close…

Q: How does the figure arrived at in adding up the demand side components of GDP relate to the number…

A: Gross Domestic Product (GDP) is the total monetary value of all finished goods and services produced…

Q: If national income is $13 Trillion, Net Exports are -$3.5 Trillion, Investment is $2 Trillion, and…

A: GDP of a country estimates all the transactions within the boundary of the nation. It is considered…

Q: Part B GDP: Where and what is counted? For each of the following items, write one of the following…

A: GDP refers to the production of goods and services during an accounting year. The production in past…

Q: Assume you have the following data for a hypothetical country for a specific year (in billions of…

A: The objective of the question is to identify the appropriate method for calculating Gross Domestic…

Q: How do budget surpluses and budget deficits affect the consumption and investment components of GDP

A: The budget surplus is a situation where the revenue of government exceeds the spending of the…

Q: If during 2010, the Republic of Sildavia recorded investment spending of $3 billion, government…

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

Q: The following are national Income account data for a hypothetical economy In billions of dollars:…

A: Answer to the question is as follows:

Q: b. Assume the budget deficit in a closed economy is $2b, GDP is $100b and private savings is $10b,…

A: Investment is a part of GDP. GDP comprises Consumption, Investment, Government expenditure, and Net…

Q: Suppose that in the country of Economia: Net Investment = $20 billion, Depreciation = $70b, Net…

A: GDP by Expenditure Method = Consumption + Gross Investments + Government Expenditure + Net Exports…

Q: Give typing answer with explanation and conclusion Explain why a $1 increase in government spending…

A: An increase in Government Spending leads to a multiplier effect, which constitutes the reason for…

Q: 1- In a country, if the consumption is OMR 14000, exports OMR 5300, government purchases are…

A: GDP The final monetary worth of products and services generated within a country over a given period…

Q: Given the following: consumption = 400, investment = 100, government expenditure = 50 and net export…

A: GDP = Consumption + Investment + Government expenditure + Net export

Q: 1. If imports are $2 trillion, exports are $1.9 trillion, consumption is $3.8 trillion, investment…

A: The objective of the first two questions is to calculate the Gross Domestic Product (GDP) using the…

Q: uppose  GDP = $9.0 trillion C= $5.0 trillion  G= $2.0 trillion  T-G  = $300 billion  With the…

A: GDP(gross domestic product) is referred to the value of all goods & services that are produced…

Q: GDP Consumption $440 $450 490 490 540 530 590 570 640 610 Refer to the accompanying consumption…

A: Given: Gross investment = $34 billion The Lump sum tax = $30 billion To Find:  The after-tax…

Q: The table shows some of the items in an economy's National Income and Product Accounts. Calculate…

A: This can be defined as the concept that shows the total value of all products and services produced…

Q: If an increase $ 1000 in investment in an economy results in an increase in income of $40000,…

A: The change in investment = $1000 The change in Income = $40000

Q: Use data below to answer the following questions: Consumption expenditures $300 billion, Government…

A: Answer: Given, Consumption expenditure=$300 billionGovernment purchases=$50 billionTaxes=$40…

Q: If consumption expenditure is $30 billion, investment spending is $15 billion, government spending…

A: Consumption = $30 billion Investment = $15 billion Government spending = $12 billion Exports = $4…

Q: Government Purchases = $____ billion Private Gross Investment = $______ billion GDP = $______…

A: (a) Government Purchases: These are the spending on all the goods and services that are being made…

Q: Consider a country with a consumption of $485 billion, an investment of $175 billion, government…

A:

Q: Answer five questions given the following data for 2019: The Equivalence of Expenditure and Income…

A: A measure of the total valuation of all final products produced within a country's borders during a…

Q: 24. What is the GDP of country X? 25. What is the per capita GDP of Country X?

A: The term GDP means the aggregate total output produced by a country in the current year. This…

Q: Country A is in a closed economy. Please calculate the public, and private savings for country A…

A: Aggregate expenditure: aggregate expenditure is the sum of consumption expenditure, investment…

Q: Suppose that GDP was $250 bllion in year 1 and that all other components of expenditures remalned…

A: Gross Domestic Product or GDP is a statistical measure used to calculate the total money value of…

Q: If a nation's GDP rises, then it must be the case that the nation's Question 35 options: income and…

A: The objective of the question is to understand the relationship between a nation's Gross Domestic…

Q: Suppose that Consumption = $260 billion, Net Investment = $20 billion, Depreciation = $60 billion,…

A:

Q: how much is GDP

A: GDP is the Gross Domestic Production. It means the value added by the production of goods and…

Q: Classify the type of expenditure in the following transactions.   Tuition paid by your parents is…

A: The tuition fees paid by the parents is like a expenditure on the services of a tutor that is being…

Q: For each form of private spending, indicate whether it represents consumption or investment. Private…

A: Consumption reflects the total expenditure made on the goods and services consumed in an economy.…

Q: Assume an open economy in which GDP is $20 trillion. If consumption is $14 trillion, government…

A: The objective of the question is to calculate the investment spending in an open economy. The GDP…