Which component(s) had a positive contribution to growth in each quarter?Choose one or more:A. gross private domestic investment spendingB. government spendingC. net exports of goods and servicesD. consumption expenditurePart 2See HintAs you know, the United States has consistently run a trade deficit for the past forty years. In which quarter(s), did the trade deficit fall?Choose one or more:A. Q4 2018OB. Q1 2019□ C. Q2 2019OD. Q3 2019E. Q4 2019Part 3See HintEconomists look at current and past GDP data to get some idea of what might happen to GDP growth in the future. If we look at the lastthree quarters, Q2 2019 to Q4 2019, the contribution ofspending in particular might lead to slower growth in thefuture.

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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You did some work on it. Sub parts to be completed/solved. Need help with this 1. Spending - Included in the U.S. GDP for 2020, or not included ? If so, under which expenditure category (C, I, G, X etc,?) If not, why not? A.You buy a $20,000 new Toyota made in San Antonio. ____________________ B. Microsoft buys a $20,000 new Toyota made in San Antonio ________________ C. Kendrick Jones, of Alberta, Canada, buys a $20,000 new Toyota made in San Antonio_______________ D. You buy $20,000 in General Motors Corporation stock ___________________ E. You pay a lawyer $2,000 to sue your neighbor for building a fence on your land, and lose the suit. ________________________ F, You buy your neighbor’s used fence for $1,000. _________________________ H. You pay Alamo Colleges $1200 tuition for classes you took during 2020 ____________________________ I. The federal government sends Nruce Borton a social security check for $600 during 2020. _______________________________ J. The San…
a. Some data at first might seem puzzling: The share of GDP devoted to investment was similar for Country liberty and Country Techno from 1970 - 2001. However, during these same years Country Techno had a 6 percent growth rate of average annual income per person, while Country liberty had only a 2 percent growth rate. If the saving rates were the same, why were the growth rates so different?
In a closed economy, should national saving exceed investment, we would expect: a.a leftward shift in the NS curve and a rightward shift of the I curve b.a fall in the real interest rate leading to less saving and more investment c.no change as long as this is an equilibrium d.a fall in the real interest rate leading to more saving and less investment
Name the type of institution that is responsible for promoting a stable environment for the economy in each of the following situations. a. Someone steals your car, but is caught: (Environment Canada / Police department / Court system.) b. You claim that your employer violated the terms of your employment contract: (Court system / Environment Canada / Police department)
3 tries left Suppose instead that China's real GDP growth turns out to be 6.9 percent per year for the next decade. By how much will China's real GDP increase then during the entire decade? China's real GDP will increase by Type percent during the entire decade. (Round your response to one decimal place.) Submit
K An island economy produces only bananas and coconuts. The table gives the quantities produced and prices in 2018 and 2019. If the base year is 2019, compare the growth rates of nominal GDP and real GDP. >>> Answer to 1 decimal place. The growth rate of nominal GDP in 2019 is 26.4 percent. The growth rate of real GDP in 2019 using the chained-dollar method is percent. In 2018 Item Bananas Coconuts In 2019 Item Bananas Coconuts Quantity 95 bunches 60 bags Quantity 112 bunches 68 bags Price $7 a bunch $12 a bag Price $12 a bunch $6 a bag
Consider the economy of the planet Navarro. In Navarro, domestic investment of 400 million imperial credits earned 15 million in capital gains during the year. In addition, Navarro purchased $160 million in new foreign assets and foreigners purchased $10 million in Navarro assets. Assume that the valuation effects total $5 million in capital gains. a. Compute the change in domestic wealth in Navarro. b. Compute the change in external wealth for Navarro. c. Compute the total change in wealth for Navarro. d. Compute domestic savings for Navarro. e. Compute Navarro’s current account. Is the CA in deficit or surplus? f. Explain the intuition for the CA deficit/surplus in terms of savings in Navarro, financial flows, and its domestic/external wealth position. g. How would an appreciation in Navarro’s currency (the imperial credits) affect its domestic, external, and total wealth? Assume that foreign assets owned by Navarroans are denominated in foreign currency.
Are you interested in the economy? How important is the economic situation in your daily life? Do you think it is important to be knowledgable about the economy? What do you think are the main economic problems in the world today? Do you think changes in the economy are predictable? What is your main concern about the US economy? What would you do to help the situation?
Question 4 India has a GDP equivalent to of 2,000 billion rupees. The exchange rate is 20 rupees per U.S. dollar. The Indian population is 20 million. Calculate the per capita GDP of India in U.S. dollars. $5 $5000 $100,000 $500 Question 5 2.5 pts NAW 2.5 pts
In general, foreign entities: a. are borrowers of domestic (U.S.) loanable funds. b. require a greater inflation premium than domestic borrowers. c. are not concerned about the U.S. interest rate compared to their own, since it is illegal for them to lend in the United States. d. are lenders in the domestic (U.S.) loanable funds. e. require a smaller inflation premium than domes tic borrowers.
Answer the following questions. Instructions: Round your responses to the nearest dollar. a. How much more.output does the $3,900 billion economy in Germany (in 2019) produce when GDP increases by 1 percent? billion b. By how much does this increase per capita income if the 2019 population was 83 million?
The economy of a hypothetical country has been stable for two or three years with very low unemployment. Wages have been gradually increasing during this time. Now an aggressive policy of increasing tariffs on foreign goods imported into the country results retaliatory actions from the other countries against the country’s products and services. This causes great loss of business in the country and results in significant portion of workers losing their jobs. 1. What kind of economic gap will start to occur (inflationary or recessionary)? 2. What part of the Federal Reserve’s congressional mandate does this scenario trigger (price stability and maximum sustainable employment)? 3. What kind of monetary policy might be helpful to stabilize the economy (expansionary or contractionary)? 4. What specific monetary policy tools does the Federal Reserve have available to use in this scenario? 5. Explain in detail, how should the Federal Reserve use each of these tools to maximize their effect…

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