In an economy exports are $350 million and imports are $350 million Calculate net exports

Q: Changes in business inventory will be calculated in GDP under which of the following categories

A: GDP = C + I + G + X - M Where C = personal consumption expenditure I = Gross private domestic…

Q: Which of the following examples is counted in the calculation of GDP of the United States? O A.…

A: GDP is Gross Domestic Product. It is the sum of production of all goods and services produced in an…

Q: is always equal to gross domestic income in the circular flow of income and expenditure. a. Gross…

A: Circular flow model explains how an economy functions. It analyses the way goods, services and money…

Q: In an economy:- Exports = $800 million Imports = $730 million Calculate the value of net exports

A: The information being given is:- Exports = $800 million Imports = $730 million We have to find net…

Q: Gross domestic product (GDP) is the sum of the income and expenditures of an economy Birini secin…

A: National income a national estimate measure of the volume of commodities and services turned out…

Q: Find exports if net exports is $150 million and imports are $180 million

A: The Given information is as follows:- Net exports = $150 million Imports = $180 million We have to…

Q: The income in the Economy is $2000 million and the investment Expenditure is $1100 Calculate the…

A: According to the question, we are given that:- Income = Y = $2000 million Investment expenditure = I…

Q: Which is the largest component of GDP?a. consumptionb. investmentc. government purchasesd. net…

A: Gross Domestic Product (GDP) helps in measuring the overall output of an economy by taking the…

Q: If net Exports is $100 and exports are $250  Find imports

A: The data presented in the question above is :- Net exports = $100 Exports = $250  Imports are to be…

Q: Determine if each transaction is included in the Gross Domestic Product (GDP) and mark each item as…

A: Gross domestic product (GDP) is the market value of final goods and services produced within a…

Q: In an economy,  Exports = $2100 million Imports = $1750 million Calculate net exports

A: Exports are goods and services delivered from one country to another. Imports are goods and services…

Q: Consider this economy. Calculate exports and also net exports for this economy

A:

Q: Larry and Megan Smith live in Swarthmore, PA. Megan's father, Raphael, lives in Sweden. For each of…

A:

Q: In the economy of Ukzten in 2010, consumption was $3,000, exports were $400, GDP was $5,000, imports…

A: Government spending refers to money spent by the public sector on the acquisition of goods and…

Q: Net exports of goods and services increase when A) imports of goods and services increase, and…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: If net exports is $700 million and imports is $230 million Calculate Exports

A: The data presented in the question above is :- Net exports = $700 million Imports = $230 million…

Q: If net exports are $300 and in the country the exports are double that of imports Calculate the…

A: According to the above mentioned question, the values are:- Net exports = $300 million Also the…

Q: If net exports is 0 and imports are $70 million What is the value of exports

A: The information given is:- Net exports = 0 Imports = $70 million We have to calculate Exports

Q: is the largest component of United States' aggregate demand Net exports Investment spending…

A: National income refers to the total income earned by the nation

Q: Investigate what is gross domestic product GDP

A: Answer: Gross domestic product (GDP): GDP refers to the market value of all the goods and services…

Q: Place the transactions below in their appropriate categories in the GDP and calculate the overall…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: Gilberto and Juanita Ivanov live in Swarthmore, PA. Juanita's father, Lorenzo, lives in Sweden. For…

A: GDP is the total value of goods and services produced by a country’s economy during a given period…

Q: Determine if each transaction is included in the Gross Domestic Product (GDP) and mark each item as…

A: " Since you have posted a question with multiple sub-parts, we shall answer the first sub-parts . To…

Q: Exports of a country are $200 million and imports in the same year is $116 million Calculate net…

A: The information being given is:- Exports of the given country = $200 million Imports of the given…

Q: Find the value of exports if net exports is $310 million and imports are $130 million

A: The information being given to us is:- Net exports = $310 million Imports = $130 million We have to…

Q: What should be added to the net output to get the national income? a. Net factor income from abroad…

A: National Income is defined as the final value of all goods and services produced in an economy in a…

Q: Which of the following is included in GDP? a. The value of "free" household services provided by…

A: GDP is a common measure of the value addition made by a country's production of goods and services…

Q: Suppose a country makes only bread and fish. They make 10 bread for $5 per bread and 20 fish for $2…

A: Output is the amount, either utilized or employed for more manufacturing, of products or services…

Q: Exports and imports are $500 million and $330 million Find net Exports

A: The data presented in the question above is:- Exports = $500 million Imports = $330 million Net…

Q: alculate GDP using the Income and Expenditure Approach.  (all figures are in billions of dollars)

A: GDP: It refers to the production of goods and services in an economy. The more production will lead…

Q: Net exports are exports less imports. that portion of consumption and investment goods sent to other…

A: Net Exports are a part of GDP of a country. Net Exports=Exports-Imports   Option B-Sending…

Q: Define net exports and net foreign factor income. What the the difference? How would net foreign…

A: Net Exports is the difference between exports and imports. Net Foreign Factor Income(NFFI) is…

Q: If net exports are $30 million and imports are $113 million Find the value of exports

A: According to the above-mentioned question, the values given are:- Net exports = $30 million Imports…

Q: Calculate the value of exports if net exports are $390 million and the imports are $200 million

A: The emergence of the global economy was dependent on international trade. Global events both…

Q: The value of GDP can be found by adding together... A. wages, consumption, investment, and…

A: There are generally three ways to calculate GDP: 1-Expenditure method:…

Q: Discuss the limitations of gross domestic product (GDP) as a measurement tool.

A: GDP: The GDP or the gross domestic product can be defined as the estimation of the final value of…

Q: Calculate net exports of Brazil if the export were $780 million and imports were $600 million

A: According to the above mentioned question, the values are:- Exports of Brazil = $780 million Imports…

Q: Why are the local products increases the country income

A: Local product is helpful to increase the income of a country.

Q: You are an economist calculating the Gross Domestic Product of Oman. To calculate GDP, you will…

A: The Gross domestic product (GDP) is the market worth of every final and service produced inside a…

Q: Net exports are -$114 billion and exports are $857 billion. What are imports?

A: Given: Net export = -$114 billion Exports =$857 billion

Q: If exports exceed imports does not make any sense net exports is negative net exports is positive…

A: The answer is - Option 3: Net export is positive

Q: Since it is counted as investment, why doesn’t the purchase of earthmoving equipment from China by a…

A: GDP estimates the financial worth of conclusive labor and products — that is, those that are…

Q: What will be the value of exports if net exports is $1000 million and imports are $3300 million

A: The information being given is:- Net Exports = $1000 Imports = $3300 We have to calculate value of…

Q: Gilberto and Juanita Jones live in Svarthmore, PA. Juanita's father, Lorenzo, lives in Sweden. For…

A: Below Table shows whether the given statement is under the part of consumption, investment,…

Q: If General Motors builds cars in Germany, is their value counted in Germany's GDP?

A: GDP or ‘gross domestic product’ is the value of the ‘goods & services’ that are produced within…

Q: а. Calculate Jupiter's aggregate expenditure. b. Calculate Jupiter's net exports. c. Calculate…

A: Expenditure aggregate is the total of all the expenses that will be undertaken in an economy by the…