The table below shows national income and imports. The level of exports is fixed at $350. All figures are in millions of dollars.Imports (IM)Net Exports (NX)290a330b370410Income (Y)1,8003,3004,8006,300On a graph of the net export function for this economy, at what level of Y would the NX function intersect the horizontal axis?A. at $0B. at $4,050C. at $4,800D.at $1,800E. at $6,300сd

The exchange of commodities/products, services, money, and ideas across international borders is…

The table below shows national income and imports. The level of exports is fixed at $350. All figures are in millions of dollars. Income (Y) Imports (IM) Net Exports (NX) 1,800 290 a 3,300 330 b 4,800 370 с 6,300 410 d On a graph of the net export function for this economy, at what level of Y would the NX function intersect the horizontal axis? O A. at $0 O B. at $4,050 O C. at $4,800 D. at $1,800 OF at $6300

The table below shows national income and imports. The level of exports is fixed at $350. All figures are in millions of dollars. Income (Y) Imports (IM) Net Exports (NX) 1,800 290 a 3,300 330 b 4,800 370 с 6,300 410 d On a graph of the net export function for this economy, at what level of Y would the NX function intersect the horizontal axis? O A. at $0 O B. at $4,050 O C. at $4,800 D. at $1,800 OF at $6300

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

6
Refer to the following input-output (1-0) table of a national economy (entries are in billions of Turkish liras): Agriculture Manufacture Services Final Demand Total 280 650 310 Agriculture Manufacture Services Factors: Labor Capital (profits) Intermediate import Total 80 120 170 1010 50 75 280 150 400 270 230 1 405 5 85 30 315 150 135 720 Which of the following statements is NOT correct about the above 1-0 table? 730 460 1 010 E) Most of the foreign inputs are used by the Manufacture sector. 1 405 720 A) Services sector has the least percentage of all intermediate inputs proportional to its total inputs... B) Outputs of Agriculture and Services sectors are used by final demand approximately at the same percentage. C) Agriculture sector has the least percentage of domestic intermediate inputs proportional to its total inputs. D) Manufacture sector has the largest contribution to the GDP.
Table 7-3 (in $ billion) consumption = $1,000.00 inventory investment $450.00 purchased of new capital goods $550.00 government purchases $300.00 exports = $20.00 imports = $33.00 purchased of new residential housing $58.00 Refer to Table 7-3, GDP equals O $2.345.00 O $2.346.00 O $2,325.00 O $1,925.00
C Net Exports ($ bilions) Suppose that the net exports function in an economy is shown by the graph at right. Net Exports Function Use the line drawing tool to draw and label a new line that shows the impact of an increase in foreign income on the net exports function. Make sure that the line starts at Actual National Income level of 0 and that it crosses the x-axis. 120 90- 60 Carefully follow the instructiona above, and only draw the required objects. 30- 0- H00 -30- -60 -90- -120- Actual National Income (S billions)
Given : C = C + I + G + NX.C = 350 +0,80 Yd. I = 55. G = 46. To=45. Export = 50. Import=20Questions :a. Ye (equilibrium of national income)?b. if national income in the end of the year is Ye = 2180 calculate how much increase in G?c. If Ye = 2150 calculate I intended/planned, I unplanned/unintended and I realize?d. if T increase into 50, calculate Ye, delta Y
The University of Chicago, a privately-owned school, is currently building a new hospital. This will be classified in U.S. GDP as because O consumption; it-will provide medical services to consumers O net exports; most construction workers are foreigners O government purchases; the construction constitutes government expenditure O investment; it increases the capital stock
Item Personal consumption expenditure Government expenditure on goods and services Net taxes Gross private domestic investment Imports of goods and services Exports of goods and services Millions of dollars 80 30 35 20 10 20 Use the information in the table above to calculate the value of net exports. O $10 million $30 million $0 -$10 million
Question 27Refer to Figure 1. Suppose the per-worker production function in the figure above represents the production function for the U.S. economy. If the United States decided to double its support of university research, this would cause a movement fromn.
Consider the following data for a particular economy: GDPmp = 950 Private consumption = 750 Gross investment = 100 Net investment = 80 Exports = 250 Imports = 300 Net Indirect taxes = 50 Net external income = 100 Balance of transfers with the Rest of the World = 50 Private savings = 300 Calculate: a) NNPbp (Net National Product) and Current balance. Interpret the result obtained. b) Public savings and Totaltaxes net of Gov. transfers. Interpret the result obtained.
Related to the Economics in Practice on p. 107: The value of the used goods sold on eBay from a U.S. seller to a U.S. buyer is Select one: O a. not counted in either U.S. GDP or GNP. Ob. counted in U.S. GNP but not GDP. O c. counted in both U.S. GDP and GNP. O d. counted in U.S. GDP but not GNP.
Solve for question D
1. dix Suppose the country produces only two goods: beef and wheat. The table below summarizes the quantities of each good produced and the corresponding prices in every year since 2005: Beef Wheat Nomin al PQP Q GDP 2005 $4 12 $1. 22 0 6 0 11 $1. 23 4 0 15 $1. 24 5 9 5 2007 2006 $4. 5 $4. 6 LO 5 LO Real GDP (in 2006 price s) GDP Deflat or Inflation Rate (using GDP Deflator) CP I Inflation Rate (using CPI)