Macroeconomics
Macroeconomics
5th Edition
ISBN: 9781319098759
Author: Paul Krugman, Robin Wells
Publisher: Worth Publishers
Question
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Chapter 5, Problem 12P
To determine

the effects on U S gas exports due to the natural gas export terminal developed by Cheniere energy

Concept Introduction:

Gross Domestic Product:

It is defined as the monetary value of all finished goods and services that are produced by the residents and nonresidents of the country inside the boundary of a country for one year.

Export:

It is defined as the excess supply in a country which is demanded by the rest of the world. Exports determines the balance of trade. If export is more, then balance of trade is a surplus.

(a)

The way in which the development of natural gas export terminal will affect the market for natural gas in the U.S.

To determine

(b)

The effect of the export terminal development on the demand for natural gas in the United States.

To determine

(c)

The effect of the export terminal development in the U.S. on the demand and supply for natural gas in the Europe.

To determine

(d)

The effect of the export of natural gas from the U.S. to the Europe on the consumer and supplier of both countries.

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