The table above gives the values of different expenditures in the United States. Answer the following questions about the United States.   What is the value of net exports of goods and services? In addition, why can this trade deficit raise the issues for the US economy?     What is the amount of GDP from the table?

Q: What is meant by deficit in balance of payments?

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Q: . Assume that the gross domestic product is $6,000, personal disposal income is $5,100, the…

A: a. Private Saving = $1,300b. Investment = $1,300c. Government Spending = $800d. National Savings =…

Q: What is Australia’s balance on goods?   What is Australia’s balance on services     What is…

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Q: The United States typically has a balance-of-trade deficit in its trade with which two countries?…

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Q: Why are budget deficits and trade deficits sometimescalled the twin deficits?

A: A budget deficit is a situation that is faced by the government when its total spendings exceed the…

Q: (1) Consumption function: C = 100 + .8Y, (2) Planned investment: I = 38 (3) Government spending: G =…

A: C=100+0.8Ydi=38g=75EX=25IM=0.5YdT=40AE=C+I+G+EX-IMEquilibrium Income:…

Q: View the data on the trade balance below. Then answer the questions that follow.   Is the United…

A: (1). The United States is currently in a trade deficit situation because the values of trade balance…

Q: Which of the following may not be associated with a deficit? Select one: a. A need to increase…

A: When expenditures exceed income, there is a budget deficit, which can be a sign of how well-off a…

Q: Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the…

A: The total monetary worth of all finished goods and services produced in a nation during a given time…

Q: If the value of a nation’s imports exceeds the valueof its exports, which of the following is NOT…

A: If the value of a nation’s imports exceeds the value of its exports. Then,  A) net exports = exports…

Q: What are the major issues with regard to trade imbalances for low- and middle-income countries?

A: Trade imbalances: The negative balance of trade shows the trade deficit which means that the country…

Q: Assume that the gross domestic product is $6,000, personal disposal income is $5, 100, the…

A: There are two types of savings that an economy experiences which include private savings where each…

Q: If imports exceed exports, is it a trade deficit or a trade surplus? What about if exports exceed…

A: ANS If the total amount of goods & services a country imports from other countries of the world…

Q: What is a trade deficit, and why does it hurt us to consistently run a deficit with another country?

A: Answer: Introduction: A trade deficit occurs when a country imports more than what it exports. It is…

Q: If a country has a trade deficit, what will occur?Choose one answer.a. Imports will exceed exports.…

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Q: 4.Analyzing the effects of a trade deficit You have just been hired by the U.S. government to…

A: When a nation's imports exceed its exports over a given time frame, a trade deficit results. It is…

Q: Suppose a Portuguese citizen travels to Tanzania to go on a safari and uses euros for the…

A: Balance of Payment: The balance of payments is a systematic record of all economic transactions…

Q: When looking only at the import and export of services, the U.S.    a. has a trade deficit b. has a…

A: When imports of a country are greater than its exports, it is said to have a trade deficit. When…

Q: So I don't need to fill out anything for net exports?

A: A country's overall output of goods and services is referred to as its gross domestic product. GDP…

Q: Why is the bilateral trade balance not necessarily a good measure of the trade relationship between…

A: The bilateral trade stability, which measures the difference between the value of goods and services…

Q: At the end of 2016, foreign investors owned over $8 trillion more of U.S. assets than U.S. investors…

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Q: Don't use Ai

A: Ans. A rise in government spending on large infrastructure projects would be most likely to: A.…

Q: Fill in the blanks with increase, decrease, no change or ambiguous. 1. Other things the same, an…

A: Trade Deficit occurs when imports become more than the country can export goods and services.…

Q: Assume that in 2010, a country had a GDP of $500$⁢500 billion, a budget deficit of $6$⁢6 billion,…

A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…

Q: 10. If net foreign investments are -250, what are the net exports? Can you draw any conclusions…

A: Foreign investment refers to the capital flow from one country to another, this grants the foreign…

Q: The table below includes information on the hypothetical economy of Hersty. Assume the government is…

A: The twin deficit or double deficit is defined as the economy having both fiscal and current deficits…

Q: government decides to introduce an expenditure-switching measure to reduce a balance of trade…

A: Expenditure switching policy refers to the change the goods that are bought by consumers.  Such…

Q: Examine the summary of the balance of payments of the United States for 2021. Compute and discuss…

A: Foreign Direct Investment (FDI) is a financial investment made by a person, institution, or…

Q: Explain the BOP deficit shortly? When a nation is suffering a BOP deficit, what does it need to…

A: Balance of payment is the summary of all the transactions of the nations with the rest of the world…

Q: Which of the following will increase the trade deficit of the US? a. The US dollar depreciating in…

A: A trade deficit occurs when the country has more imports rather than exports and this will result in…

Q: Why is the bilateral trade deficit between 2 countries a bad measure of whether those countries…

A: The balance of trade is a metric that tracks the movement of exports and imports through time. A…

Q: When calculating net exports, if the cost of imports is smaller than the value of exports for a…

A: Exports and imports of goods and services are the components of the trade. Trade is important for…

Q: During the Great Recession there was a large drop in the US trade deficit. There was also a large…

A: Macroeconomic policy involves government endeavors with the goal of improving the economic system's…

Q: private domestic savings = $1220, the trade deficit = $90. Find private %3D %3D

A: Gross private domestic investment, or GPDI, is a measure of the amount of money that domestic…

Q: What are the major issues with regard to trade imbalances for the U.S. economy?

A: The United States is one of the world’s strongest nations which also has an all round accepted…

Q: In an open economy, which of the following will always cause an increase in net exports? A all of…

A: In international trade, an export is a good or service produced in one country and sold to a…

Q: Define each of the following terms: c. Trade deficit; devaluation; revaluation

A: Trade deficit: Trade deficit can be defined as a situation where country's import exceeds its…

Q: Find the import of goods when the balance of trade are 60 and exports of goods are 20

A: Basically in the given question Balance of trade = 60 Exports of goods = 20 Value needed of imports…