14. In 2020 consumption (Ci) for selected countries was as follows Jordan 2.5 billion $, USA 100 billion $, Canada 50 billion $, France 40 billion $ Qatar 10 billion $. and Russia 70 billion $. for the same year Income (Yi) was: Jordan 12 billion $, USA 900 billion $, Canada 700 billion $, France 500 billion $ Qatar 60 billion $. and Russia 100 billion $. This data is * Variable in time but change over countries fixed in time and fixed in countries Fixed in time but change over countries Variable in time but fixed in countries none of the choices are true

14. In 2020 consumption (Ci) for selected countries was as follows Jordan 2.5 billion $, USA 100 billion $, Canada 50 billion $, France 40 billion $ Qatar 10 billion $. and Russia 70 billion $. for the same year Income (Yi) was: Jordan 12 billion $, USA 900 billion $, Canada 700 billion $, France 500 billion $ Qatar 60 billion $. and Russia 100 billion $. This data is * Variable in time but change over countries fixed in time and fixed in countries Fixed in time but change over countries Variable in time but fixed in countries none of the choices are true

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Measuring A Nation's Income

Section: Chapter Questions

Problem 4CQQ

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All values below are in trillions of dollars Household Consumption $11.9 State & Local Government Expenditures $1.46 Imports $2.04 Gross Private Investment $4.08 Federal Government Expenditures $2.80 Payments of Factor Income to Other Countries $3.21 Depreciation $0.99 Exports $1.57 Receipts of Factor Income from Other Countries $3.79 If GDP is $20 trillion, GNP is $________trillion.
10 In the expenditure approach, the total expenditures of the following entities are calculated, except a. Gross taxable incomes b. Gross private domestic investment c. Government expenditures d. Net Exports
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23) Assume that a grower of flower bulbs sells its annual output of bulbs to an Internet retailer for $70,000. The retailer, in turn, brings in $140,000 from selling the bulbs directly to final customers. What amount would these two transactions add to personal consumption expenditures and thus to GDP during the year? Instructions: Enter your answer as a whole number.
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