A country’s private consumption is 30, government spending is 7, investment is 5, net factor income from abroad is 2, GDP is 45. The country’s gross national disposable income is 46. the country’s gross national income is 47. the gross national expenditure is 42 and the Current account is 4. The country sent abroad 2 and received 1 of unilateral transfers. The rest of the world claims 100 of debt from the country above. This is a stock variable. The country lends at 4% and borrows at 3%. These are rates of change of stocks. Use this information combined with one of the flow variables describing the country’s international transactions to find the stock of what the world owes this country. Note: no workers worked across the border. No wages flowed in, none flowed out. Is the country from the previous question rich or poor? Does it enjoy the exorbitant privilege? In what important way is this country’s stock and flow of investment different from the US?

A country’s private consumption is 30, government spending is 7, investment is 5, net factor income from abroad is 2, GDP is 45. The country’s gross national disposable income is 46. the country’s gross national income is 47. the gross national expenditure is 42 and the Current account is 4. The country sent abroad 2 and received 1 of unilateral transfers. The rest of the world claims 100 of debt from the country above. This is a stock variable. The country lends at 4% and borrows at 3%. These are rates of change of stocks. Use this information combined with one of the flow variables describing the country’s international transactions to find the stock of what the world owes this country. Note: no workers worked across the border. No wages flowed in, none flowed out. Is the country from the previous question rich or poor? Does it enjoy the exorbitant privilege? In what important way is this country’s stock and flow of investment different from the US?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter4: The Aggregate Economy

Section: Chapter Questions

Problem 5E

See similar textbooks

Similar questions

Assume that the gross domestic product is $6,000, personal disposal income is $5,100, the government deficit is $200, consumption is $3,800, and the trade deficit is $100. What is the size of: (i) Private Saving (ii) Investment (iii) Government Spending (iv) National Savings (v) Taxes (vi) Public savings
Assume the gross domestic product is $6,000 personal disposal income is $5,100, the government deficit is $200, consumption is $3,800 and the trade deficit is $100. What is the size of: Private savings Investment Government spending National savings Taxes Public savings
Suppose the country of Lilliput exported $145 billion$⁢145 billion worth of goods and imported $423 billion$⁢423 billion worth of goods in the last calendar year. Calculate Lilliput's net exports. $$ billionbillion Lilliput is running neither a trade deficit nor a trade surplus. a trade surplus. a trade deficit.
able 5.3 National Income Accounts (dollar figures are in billions) Expenditures for consumer goods and services Exports Government purchases of goods and services Social Security taxes Net investment Indirect business taxes Imports Gross investment Corporate income taxes Personal income taxes Corporate retained earnings Net foreign factor income Government transfer payments to households Net interest payments to households $ 8,200 $ 1,700 $ 2,500 $ 1,900 $ 1,400 Multiple Choice $ 1,400 $ 1,900 $ 1,800 $ 600 $ 1,500 $130 $100 $ 1,600 $500 (Table 5.3) The value of the income aggregate that is defined as "total income earned by current factors of production" is
Assume that the gross domestic product is $6,000, personal disposal income is $5,100, the government deficit is $200, consumption is $3,800, and the trade deficit is $100. What is the size of: Private Saving
Life expectancy at birth in Iceland: Total population is 83.25 years. Male 81.21 years. Female 85.79 years. (2021 est.) Iceland population 354,234(July 2021 est.) Iceland GDP per capita: $52,300 note: data are in 2017 dollars (2020 est.) $56,900 note: data are in 2017 dollars (2019 est.) $56,700 note: data are in 2017 dollars (2018 est.) Data are in 2010 dollars Iceland in purchasing power parity: $19.16 billion note: data are in 2017 dollars (2020 est.) $20.52 billion note: data are in 2017 dollars (2019 est.) $20.01 billion note: data are in 2017 dollars (2018 est.) Data are in 2010 dollars PPP for Iceland GNP per capita=?
If a nation has positive Net Factor Payments and positive Net Exports Question 48 options: it is neither borrowing nor lending from other nations it is lending to other nations it is borrowing from other nations it is both borrowing and lending from other nations
Current Account Value Exports of goods 107,941 Exports of services 44,133 Primary income receipts 36,063 Imports of goods 132,484 Import of services 29,443 Primary income payments 29,750 Net unilateral transfers -8,349 Capital account -63 Net acquisition of financial assets 20,972 Net incurrence of liabilities 54,471 Financial derivatives 0 Statistical discrepancy Based on the table above, the balance of goods is
item billions of No Coin dollars consumption expenditure 731 Export of good and services 267 Government expenditure 240 net taxes 227 investments 171 Savings 181 a- calculate the private sector and government sector balance. b-What is the relationship between the government sector balance and net export
Current Account Value Exports of goods 107,941 Exports of services 44,133 Primary income receipts 36,063 Imports of goods 132,484 Import of services 29,443 Primary income payments 29,750 Net unilateral transfers -8,349 Capital account -63 Net acquisition of financial assets 20,972 Net incurrence of liabilities 54,471 Financial derivatives 0 Statistical discrepancy Based on the table above, the statistical discrepancy is
Current Account Value Exports of goods 107,941 Exports of services 44,133 Primary income receipts 36,063 Imports of goods 132,484 Import of services 29,443 Primary income payments 29,750 Net unilateral transfers -8,349 Capital account -63 Net acquisition of financial assets 20,972 Net incurrence of liabilities 54,471 Financial derivatives 0 Statistical discrepancy Based on the table above, the statistical discrepancy is Group of answer choices -21.,609 21,546 21,609 -21,546
A decrease in Social Security payments will decrease consumption spending. decrease investment spending. decrease government spending. decrease export spending.