In an economy, the total expenditure is $5500 and the revenue expenditure is $2000 Find the value of capital expenditure

Q: components of GDP using the expenditure approach.

A: The expenditure approach to calculating gross domestics products for the nation, or GDP, uses these…

Q: Write a short note on the circular flow of income for three sector economy. From the circular flow…

A: The economies around the world tend to work on the basis of the expenditures which are done by…

Q: The expenditure approach to calculating GDP is best expressed by which of the following?     A.)…

A: GDP measures the value of goods and services that are produced within the country during a specific…

Q: Economic In an economy, 75 per cent of the increase in income is spent on consumption. Investment is…

A: here we can find the how much income increases and how much consumption expenditure increases which…

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: Gross domestic product measures the total expenditure on the economy’s input of goods and services.…

A: GDP is the term that measures the value of goods and services that are produced within a country's…

Q: Which one of these items will not be a part of the current year’s GDP? a. Spending of the…

A: Current years GDP refers to the total market value of goods and services produced in the current…

Q: GDP accounting, which of the following is not counted as investment spending?

A: Investment spending component in the GDP includes  1) purchase of capital goods like business…

Q: In an economy MPS is 0.2. investment increases by 1000 crore. Calculate total increase in national…

A: We know that, MPS=∆I∆Y where MPS is the marginal propensity of income, which is the marginal change…

Q: Arthur sells $100 worth of cotton to Bob. Bob turns the cotton Into cloth, which he sells to Camille…

A: In an economy, value added method is one of the way to compute the overal income or contribution of…

Q: Q.2. John a farmer sells tomatoes to Joseph the tomato sauce manufacturer for K350 . Joseph makes…

A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…

Q: The single largest expenditure component in GDP is      A) investment. B) consumption. C) exports.…

A: Gross domestic product (GDP) has four primary components to explain the total output generated…

Q: consider the following hypothetical economy. Consumption makes of 60% of national income,…

A: Given consumption is 60% of national income implies that C=0.6Y, where C is consumption and Y is…

Q: which of the following transactions is exclued from GDP? a. the brazilian air force buys jets from…

A: Just recently delivered products - including those that expansion inventories - are included in GDP.…

Q: Lotta Doe sells 100 shares of stock in Benson Buggywhip for $50 per share. She pays her broker a 2…

A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…

Q: Increase in Included in GDP $(Dollars) Scenario Edison pays a carpenter to build a deck for $48,000.…

A: a)Edison pays the carpenter would be a part of GDP as this is for his consumption. So the GDP would…

Q: roblem 10. In an economy, national income increases by 500 crore as a result of increase in vestment…

A:

Q: The difference between measuring GDP with the income approach and the expenditure approach is the…

A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…

Q: If consumption expenditures are $1800 million, gross investment is $450 million, imports are $350…

A: here we calculate the GDP , budget deficit or surplus , private saving and disposable income by…

Q: Explain why an economy's income must equal its expenditure.

A: The total expenditure refers to the total amount of money spent by the firm, individual or…

Q: Consumption expenditure is $410 and the income is $820  Calculate APC

A: According to the above given question the values given are:- Consumption expenditure = $410  Income…

Q: A farmer grows a bushel of wheat and sells it to a Miller for $20.00. The Miller turns the wheat…

A: Since you have asked multiple subparts, we would solve the first three for you. To get the remaining…

Q: If national income is $5,000 billion and disposable income is $4,000 billion, then what is personal…

A: Given: National Income (Y) = $5,000 billion Disposable income(Yd) = $4,000 billion We know,…

Q: farmer grows a bushel of wheat and sells it to a Miller for $20.00. The Miller turns the wheat into…

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

Q: The figure shows the flows of expenditure and income on Lotus Island. In 2016, R was $7 billion; W…

A: We know that, Total Expenditure- C+I+G+NX Here, C= W, I= J, G=U and NX= Z So, Total Expenditure = W…

Q: The equivalence of expenditure and income. What is the U.S total income in 2016 consisted of

A: The equivalence of tax and expenditure is total income. Total income of country varies according to…

Q: In an economy the total sales is $41,000 billion and change in stock is $23000 billion Calculate…

A: The information being given is:- Total sales = $41,000 Change in stock = $23,000 Value of output = ?

Q: A farmer grows a bushel of wheat and sells it to a Miller for $20.00. The Miller turns the wheat…

A: According to question, A farmer produces a bushel of wheat and sells it for $20.00 to a Miller. The…

Q: Given the following: consumption = 300, investment = 150, government expenditure = 50 and net export…

A: GDP = consumption + investment + government expenditure + net exports

Q: Holly has recently graduated from college and has bought a house that was built 50 years ago for…

A: GDP can be understood as the final value of goods and services produced in an economy during a year.…

Q: Assume an economy where there are 2 producers: A Wheat Producer and a Bread Producer. In a given…

A: Product ApproachThere are two producers in the economy. One produces wheat and other produce bread.…

Q: In an economy, the revenue expenditure is $3300 and capital expenditure is $4400  Calculate total…

A: The information being given is:- Revenue expenditure = $3300  Capital expenditure = $4400 We have to…

Q: H6. Which of the following transactions should or should not be counted in GDP? Answer why or why…

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

Q: If a real estate agent sells a house for 364,217 dollars that the previous owners had bought 13…

A: GDP (Gross domestic product) refers to the total value of finished goods and services that produces…

Q: A. Calculate GDP by both the expenditures and the income approaches. B. Calculate NDP. C. Calculate…

A: As per guidelines, we will answer the first three subpart question.

Q: The factor payments measure of GDP

A: GDP can be measured using the expenditure approach: Y = C + I + G + (X – M).

Q: Which of the following(s) is (are) weakness(es) of the GDP in reflecting the standards of living of…

A: Gross domestic product is the total market value of product produced domestically during the year.…

Q: Explain which expenditure component GDP would be affected by these transactions, if any. a. The…

A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question…

Q: What is total expenditure in an economy? Total expenditure is equal to expenditure ______. A. on…

A: Total expenditure in an economy is also referred to as its GDP. Total Expenditure includes…

Q: Suppose that the economy has consumption $90, investment $50, government purchases $30, imports $20,…

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

Q: The largest component of GDP is a. private consumption expenditures b. private…

A: People consumption is more than any other component of GDP.

Q: ato flour and then sells it to a Baker for $25.00. The Baker uses the flour to bake bread and sells…

A: a. GDP: The GDP or Gross Domestic Product can be defined as the total income of the country. GDP…

Q: A farmer grows a bushelof wheat and sells it to a miller for $1.00. The miller turns the wheat into…

A: The gross domestic product(GDP) refers to the market value of all the final commodities(goods and…

Q: A farmer sells wheat to a baker for £5. The baker uses the wheat to make bread, which is sold for $8…

A: A farmer sells wheat to a baker for £5. Note: Assuming farmer does not use any intermediate goods…

Q: A farmer sells cucumbers to a food processor for $1.50 per pound. The food processor makes the…

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