The following table provides data for an economy in a certa eConsumpticnexpenditureTmports1000600Government700purchases ofgoods andservicesConstruction500of new homesandaparchentaSales of600existinghomen andapertmentaExporta500Government200payments toretireesHouseholdpurchases ofdurablegoodsChange ininventory300100A Calculate the value of investment spendingB. What is the value of government spendingC. What is the value of consumer spendingD. What is the value of net exports spendingE Calculate the value of GDP according to the spending approach

A. Value of Investment spending = construction of new homes and apartments = 500 B. Government…

The following table provides data for an economy in a certa 1000 MOTaduneuos expenditure Teports 600 Government 700 parchases of goods and services Construction 500 of new homes and aparchenta Salen of existing homes and 600 apertmenta Exporta 500 Governnent payments o 200 retirees 300 Household purchases of durable goods 100 Change in inventory A Calculate the value of investment spending B What is the value of government spending C What is the value of consumer spending D. What is the value of net exports spending E Calculate the value of GDP according to the spending approach

The following table provides data for an economy in a certa 1000 MOTaduneuos expenditure Teports 600 Government 700 parchases of goods and services Construction 500 of new homes and aparchenta Salen of existing homes and 600 apertmenta Exporta 500 Governnent payments o 200 retirees 300 Household purchases of durable goods 100 Change in inventory A Calculate the value of investment spending B What is the value of government spending C What is the value of consumer spending D. What is the value of net exports spending E Calculate the value of GDP according to the spending approach

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Calculate GDP using the information in the table below: $Billions Government purchases of goods 1200 Services 500 Imports 400 Change in business inventories 50 Durable goods 300 Nondurable goods 600 Exports 250 Residential investment 200 Government purchases of services 500 Nonresidential investment 650 Select one: O a. 4650 O b. 4150 O c. 4000 O d. 3850
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Provide solution only part c
Calculate GDP using the information in the table below: SBillion Durable goods 500 Nonresidential investment 300 Government purchase of goods 400 Exports 300 Government purchases of services 150 Residential investment 100 Services 700 Imports 200 Change in business inventories -50 Nondurable goods 700 Select one: O a. 2900 O b. 2500 Oc 1950 O d. 2750
Given the following data: Gross Investment Expenditure.. .$200 Government Transfer Payments...150 Business Transfer Payments... Capital Consumption. Consumer Exports... 50 100 iture Corporate Profit Before Tax.... 600 500 Receipts of Factor Income Payments ot Factor Income to from the Rest of the World 1,000 the Rest of the Horld.... 500 Calculate: (h) consumption
8) Which of the following items is not part of the GDP calculation? Select one: O a. A number of unemployed citizens receive unemployment insurance benefit O b. A person purchases a local car O c. The government expands the highway between two main cities O d. Local citizens receiving medical care
Real Disp. Consmp. Income Spending Saving Invst Plnd Plnd Govt Net Plnd Exp. Export Exp. 10.8 GDP Tax 10 6.8 1.2 1.5 2 0.5 11 7.6 1.4 1.5 0.5 11.6 12 10 8.4 1.6 1.5 2 0.5 12.4 13 2 11 9.2 1.8 1.5 2 0.5 13.2 14 12 10.0 2.0 1.5 0.5 14.0 15 13 10.8 2.2 1.5 0.5 148 16 14 11.6 2.4 1.5 2 0.5 15.6 Note: Amounts in billions. Refer to the above table. The equilibrium real GDP is $15 billion. $14 billion. $13 billion. $12 billion.
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Suppose a closed economy has a national income of $260 milion. $535 midon in private savings, $200 millon worth of tax evenue, and $150 milion in govemment spenting what is the consumprion expenditure in this economy? Os125 milion Os155 milion OS385 mition Ossa5 milion OS645 milion
Question 7 Which of the following would be counted in this year's GDP? O a O b O C Od Question & What is the difference between real GDP and nominal GDP? O a O b Column A 1. 2. C d Question 9 Match each phase of the business cycle to its correct definition. 3. The bonus check a worker receives this year the value of a loan taken out this year The value of a savings bond sold by the federal government to investors this year The value of a television produced last year but sold this year 4 Real GDP allows for depreciation; nominal GDP allows for no depreciation. Real GDP includes nonmarket activities; nominal GDP has no nonmarket activities. Real GDP is based on constant prices; nominal GDP is based on the current year's prices. Real GDP is accurate to hundreds of dollars; nominal GDP is accurate to thousands of dollars. period of economic decline marked by falling real GDP a period of economic growth as measured by a rise in real GDP the height of an economic expansion, when real GDP…
GDP 1. Calculate the values for the blanks in the shaded areas of the table below: Expenditure Components of GDP by Country, 2020 (83Son of current US dollars) Australia Canada Denmark Finland Japan India 1617 137.9 873 65.9 C E FOOD 80.0 65.3 16 0.5 L M N 195.4 97.G 1725 96.7 Household consumption Government expenditure Investments Gross fixed Investments Changes in inventories Net Exports Exports Imports A: ÄÜÄ÷ B: C: D: E: F: G: H: I: J: 746.5 K: L: 297.2 A 316.9 4.3 3152 254.7 943.7 371.8 B 377.7 (147) K 476.0 509.8 M: N: 0: P: 1,591.7 Q: R: 292.1 722.0 97.0 4973 $11.3 કીડી || T: 2.700.7 Y: 1,066.4 1,279.5 106 785.4 786.2 New Zealand UK 122.0 43.7 G 47.3 (p.s) P 46A GDP S U W Y Source: GOP by Type of Expenditure at current prices-US dollars, Retrieved 7/27/2022. National Accounts Estimates of Main Aggregates United Nations feste Division 472 Z: ZZ: 1,683.7 2. Based on the information in the table and your calculations for Question #1: Do any countries have positive net exports?…
Calculate GDP using the information in the table below: SBillion Durable goods 500 Nonresidential investment 300 Government purchase of goods 400 Exports 300 Government purchases of services 150 Residential investment 100 Services 700 Imports 200 Change in business inventories -50 Nondurable goods 700 Select one: O a. 1950 O b. 2500 O c. 2900 O d. 2750