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In an economy,
Exports = $2100 million
Imports = $1750 million
Calculate net exports
Step by step
Solved in 2 steps
- In an economy:- Exports = $800 million Imports = $730 million Calculate the value of net exportsIs it reasonable or does it make sense, that while US exports are added to GDP, US imports are subtracted from GDP?If the U.S. Dollar appreciates, foreigners will find American goods more expensive because they have to spend less for those goods in USD, meaning with higher prices, the number of U.S. goods being exported will likely drop and leads to a reduction in the Gross Domestic Product (GDP). True or False
- Table 36-2 Domestic GDP Expenditure Exports Imports Total Expenditures (Y) C + I + G (X) (IM) C + I + G + (X − IM) $2,500 $3,100 $650 $250 _____ 3,000 3,400 650 300 _____ 3,500 3,700 650 350 _____ 4,000 4,000 650 400 _____ 4,500 4,300 650 450 _____ 5,000 4,600 650 500 _____ 5,500 4,900 650 550 _____ In Table 36-2, what are net exports when GDP = 3,500? a. 300 b. 400 c. 100 d. 200Since the early 2000s, the U.S. net exports of services has _____________ and U.S. net exports of goods has _____________. a. increased, decreased b. decreased, increased c. increased, increased d. decreased, decreasedDurable Goods Consumption Expenditures $350 Nondurable Goods Consumption Expenditures $1,000 Services Consumption Expenditures $3,000 Business Fixed Investment $1,500 Change in Inventories -$100 Government Consumption Expenditures and Gross Investment $2,000 Exports $1,000 Imports $700 Refer to the table shown here. What is the value of net exports or the trade balance? Selected Answer: -$300. Answers: $300. -$300. $1,700. -$1,700.
- Consumption $500Government Expenditures $200GNP $800Gross Private Domestic Investment $100Imports $100Exports $50 Questions:1. Using the data above, GDP is equal to __________________.2. Using the data above, Net Exports is equal to _____________.Net exports are –Php114 billion and exports are Php857 billion. What are imports?To convert Gross Domestic Product to Net Domestic Product, which of the following is correct? Question 5Answer a. GDP – Capital Formation b. GDP – Depreciation c. GDP + Capital Formation d. GDP + Depreciation
- Discuss which of the following fall into the categories of consumption, investment, government expenditure and net exports from the Y = C + I + G + NX (X – M) identity, and whether the impact is to increase or decrease GDP Your firm sells meat to IndonesiaWhat happens to the level of net exports in an economy when income in that economy increases? What happens to the level of net exports in an economy when income in other economies increases?. If a U.S. citizen buys a coat made in China, the a. U.S. consumption increases and U.S. net exports decrease, thus, U.S. GDP decreases. b. U.S. consumption increases and U.S. net exports decrease, thus, U.S. GDP is unaffected. c. U.S. consumption decreases and U.S. net exports increase, thus, U.S. GDP increases. d. U.S. consumption decreases and U.S. net exports increase, thus, U.S. GDP is unaffected.
