Category Expenditure (in billions of 2020 Q2 NZ Dollars) Household final consumption 40.3 Government final consumption 15.7 Budget balance -3.8 Total investment 14.4 Change in inventories -3.6 Exports of goods and services 18.6 Imports of goods and services 16.5 Calculate Africa's planned investment in the second quarter of 2020.

Q: Calculate the quarter-over-quarter percentage change in GDP for the last four quarters:…

A: GDP refers to the value of all final goods and services produced in an economy over a given period…

Q: GDP in an economy is $4,600 billion. Consumer expenditures are $3,500 billion, government purchases…

A: Gross domestic product is the summation of four components that are consumption, investment,…

Q: How is U.S. total expenditure on goods and services in a year calculated?   U.S. total expenditure…

A: The expenditure method is the most widely used approach for calculating Gross Domestic Product,…

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A: GDP and GNP both are the measure of national income and output of the country. GDP is the measure of…

Q: In the expenditure approach, the total expenditures of the following entities are calculated, except…

A: The expenditure approach is one of the methods of calculating national income of a country.

Q: Position each of the following eight terms in the UK’s circular flow of income diagram below:…

A:

Q: Private consumption expenditure (C) 150 Indirect Taxes 20 Gross private investment Expenditure…

A: A. Net national product (NNP) can be calculated as follows:

Q: From the data below find the measure of GDP. Personal Consumption Expenditures 50 Depreciation 3…

A: GDP is the sum of the value of goods and services produced in a nation in a particular period of…

Q: Consider the following table showing the breakdown of GDP (in billions) for China. GDP Category…

A: Net exports can be defined as the total amount of trade that a country is doing with its…

Q: Personal consumption expenditures in billions of dollars are A) 900. B) 1,100. C)1400 D) 1,600.…

A: GDP is a macroeconomic measure that is used to determine the total aggregate production in a…

Q: Societies choose what share of their resources to devote to consumption and what share to devote to…

A: a. Describe some forms of private spending that represent consumption and some forms that represent…

Q: Use the data to calculate nominal Canadian GDP using the spending approach for both 2016 and 2017.…

A: For 2016,Nominal GDP=Consumption+Investment+Government Spending+(Export-Import)Nominal…

Q: All values below are in trillions of dollars Household Consumption $11.9 State & Local Government…

A: GDP is the measure of national income and output of the country. GDP is the measure of total goods…

Q: The following table shows the data for a hypothetical economy in a specific year. All figures are in…

A: This table shows the data for a hypothetical economy in a specific year . All figures are in…

Q: Sarah is a United States citizen. Sarah works in the United Kingdom. Which of the following…

A: GDP is Gross Domestic Product which means the value of finished goods and services produced within…

Q: Suppose a nation’s firms make heavy use of factors of production owned by residents of foreign…

A: GDP refers to the money value of all final goods and services that are produced within the country…

Q: Assume an economy in which only broccoli and cauliflower are produced. In year 1, 600 million…

A: Given: Production of broccoli in year 1=1600 kg @0.70 per kg Production of cauliflower in year 1=750…

Q: Which of the following equation represents GDP measured by the components of demand Group of answer…

A: GDP is the value of final goods and services produced in the economy within a given period of time.

Q: Suppose the following are data for a given year from the annual Economic Report of the President.…

A: Gross domestic product is a monetary measure of the market value of all the services and final goods…

Q: Using the table below, calculate GDP for a particular year. Wages and salaries $4,000 Government…

A: Here, information about the components of income and expenditure method of income are given using…

Q: The owner of an oil well in Texas sells 500 barrels of oil to a refinery in Mexico for $10,000. This…

A: The gross domestic product of an economy is the aggregate value of all final goods and services…

Q: Hello. Can you please assist on the follwing question below. You have been appointed chief…

A: Answer: (1). Gross domestic product: GDP refers to the value of goods and services produced within…

Q: Consider a country with a consumption of $485 billion, an investment of $175 billion, government…

A:

Q: True or False: Personal Consumption Expenditures account for about 25% of GDP. Spending on Consumer…

A: Three methods of Gross Domestic Product calculation are income method, expenditure method and value…

Q: An Indian citizen living in the US builds a new house in Spokane. In GDP calculations, this would be…

A: Gross domestic product (GDP) measures the aggregate of all the goods and services produced within…

Q: The following national accounting data are available for an economy for 2020. $ Billion GDP 950…

A: The income which would result in the national income as a result the savings would result in the…

Q: Suppose a country, Macroland, doesn't trade with other countries. Its GDP is $20 billion. Its…

A: GDP measures the market value of goods and services produced within an economy in a given period of…

Q: Private consumption expenditure (C) 150 Indirect Taxes 20 Gross private investment Expenditure…

A: Gross Domestic Product(GDP) is the value of national output produced in the country. It can be…

Q: Suppose that Consumption = $260 billion, Net Investment = $20 billion, Depreciation = $60 billion,…

A:

Q: (Expenditure approach to GDP). You have the following annual information about a hypothetical…

A: GDP = C + Ip + G + X - M, where Ip: Gross investment and NX = X - M Net investment = Ip -…

Q: Part of a bridge built by the government of Ritzland collapsed in the same year it was constructed.…

A: The correct option is 2. Ritzland's GDP will increase by $3 million.  GDP contains four factors -…

Q: Suppose the savings rate (s) in the economy is 30%, GDP is $1,000, and investment can be expressed…

A: Answer: Given, Saving rate= 30% or 0.3 Investment function; I=sYWhere Y is GDP.and s is saving rate…

Q: In 2019, consumer spending was $16,000; investment spending was $4,000; and net exports were –$600.…

A: GDP = C+I+G+NX where C is consumption I is investment G is govt expenditure NX net export

Q: 38)The following data are for a hypothetical economy in billion. What is GDP? Consumption…

A: GDP: GDP i.e. the gross domestic product is the value of all finished products produced in the…

Q: The table given below reports the value of different economic variables of a country during a year.…

A: Gross Domestic Product (GDP) measures the value of final goods and services produced in the domestic…

Q: Q. 4 The Services sector has been steadily rising in relative importance in GDP of the United…

A: Service can be understood as the intangible benefits received by the firms or individuals. The…

Q: Suppose a small economy produces only smart TVs. In year one, 100,000 TVs are produced and sold at a…

A: Nominal GDP in year 1 = 100,000 × $1200 = $ 120,000,000 Nominal GDP in year 2 = 75,000 × $1200 = $…

Q: You are given the following information: Consumption of goods and services…

A: Hi! thank you for the question but as per the guidelines, we answer up to three sub-parts at one…

Q: You have been appointed chief economist of a small economy of Uhuru. Use the information below which…

A: The South African government has embraced a macroeconomic policy system that will convey work…

Q: calculate GDP via the expenditure approach.  Inventory investment $50 billion    Fixed investment…

A: Under the expenditure method approach of measuring GDP, the economist tries to sum up the…

Q: Saving and investment in the national income accounts The following table contains data for a…

A: Gross domestic product (GDP) is the standard measure of the value added created through the…

Q: #9   Gross Private Domestic Investment $ 46 Exports of the U.S. 9 Disposable Income 190 Personal…

A: Personal Income: All revenue received by all individuals or families in a very country is remarked…

Q: In 2014 the dollar value of total output was roughly $40 billion in North Korea and $1,600 billion…

A: Here, the total output in South Korea and North Korea and their total output shared on defense is…