Last year a country had exports of $100 billion, imports of $70 billion, and purchased $60 billion worth of foreign assets. What was the value of domestic assets purchased by foreigners? O a. $40 billion O b. $30 billion O c. $10 billion
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- For this problem, assume exports equal zero and that firms did not purchase any plant or equipment in the years specified. Suppose in the year 2015, firms in this this country produced 4,000 million widgets, all of which they planned on selling. (In other words, firms were not planning on any changes to their inventories.) Of those 4,000 million widgets, households purchased 3,000 million, and government purchased 750 million. In 2015, what were firm’s planned investments equal to? In 2015, what were firm’s actual investments equal to? (explain). In 2015, what was the relationship between planned expenditures and actual expenditures? (Explain and use numbers) In 2015, what was the relationship between actual expenditures and the amount of output (widgets) produced? All else equal, what will firms likely do in the following year?GDP in an economy is $23,600 billion. Consumer expenditures are $18,000 billion, corporate profits are 600 billion, government purchases are $6,000 billion, and gross private domestic investment is $300 billion, stock purchases are $500 billion. What is the value of the net exports? O+$400 billion O-$700 billion O-$1.800 billion O-$300 billion O+$500 billion2. Net exports are best defined as a. The difference between total exports and total imports b. Net Imports – Net Exports c. Economic output from a given year that is not consumed d. Y = C + I + G - NX e. None of the above
- What is the predicted relationship between the value of a country’s imports and its national income? What is the predicted relationship between its trade balance and its national income? Plz do fast .Why are the export receipts are not a part of net factor income from abroad give two reasons!2. An American purchases a case of Jaffa Cakes which are produced in the UnitedKingdom. How do the U.S. national accounts treat the transaction?a. Net exports and GDP both decreaseb. Net exports fall and GDP does not changec. CPI and GDP both decreased. CPI increases and net exports do not change
- 2. Exports, imports, and Net exportsFor a certain economy, let the following data is measured in million birr Net foreign expenditure (3,000) Wage and salary of labors (8,000) Government Transfers to Individuals (3000) Rent of land and physical capitals (6.000) Government expenditure (10,000) Domestic consumption expenditure (12,000) Dividends (2,000) Interest of saving and financial capital (4,000) Profit of proprietor (sole proprietorship and partnership firms) (3.000) Undistributed corporate profit (corporate income tax + dividend +retained earning) (5,000) Indirect business tax (VAT, sales tax, excise tax) (7.000) Net Interest (public and personal) (7.000) Depreciation of fixed capital (2,000) Population number in million (9,000) Statistical discrepancy (error in measuring) (+1,000) Business Investment expenditure (11.000) Net factor income (4,000) Social Insurance Contributions (5,000) Personal Interest on Income (5,000) Personal income tax and non-tax payments (6,000) D) Calculate NDP E) Calculate NNP F) Calculate…For a certain economy, let the following data is measured in million birr Net foreign expenditure (3,000) Wage and salary of labors (8,000) Government Transfers to Individuals (3000) Rent of land and physical capitals (6.000) Government expenditure (10,000) Domestic consumption expenditure (12,000) Dividends (2,000) Interest of saving and financial capital (4,000) Profit of proprietor (sole proprietorship and partnership firms) (3.000) Undistributed corporate profit (corporate income tax + dividend +retained earning) (5,000) Indirect business tax (VAT, sales tax, excise tax) (7.000) Net Interest (public and personal) (7.000) Depreciation of fixed capital (2,000) Population number in million (9,000) Statistical discrepancy (error in measuring) (+1,000) Business Investment expenditure (11.000) Net factor income (4,000) Social Insurance Contributions (5,000) Personal Interest on Income (5,000) Personal income tax and non-tax payments (6,000) A) Calculate GDP using income…
- For a certain economy, let the following data is measured in million birr Net foreign expenditure (3,000) Wage and salary of labors (8,000) Government Transfers to Individuals (3000) Rent of land and physical capitals (6.000) Government expenditure (10,000) Domestic consumption expenditure (12,000) Dividends (2,000) Interest of saving and financial capital (4,000) Profit of proprietor (sole proprietorship and partnership firms) (3.000) Undistributed corporate profit (corporate income tax + dividend +retained earning) (5,000) Indirect business tax (VAT, sales tax, excise tax) (7.000) Net Interest (public and personal) (7.000) Depreciation of fixed capital (2,000) Population number in million (9,000) Statistical discrepancy (error in measuring) (+1,000) Business Investment expenditure (11.000) Net factor income (4,000) Social Insurance Contributions (5,000) Personal Interest on Income (5,000) Personal income tax and non-tax payments (6,000) J) GDP per capita G) Calculate PI H) Calculate…Suppose that an auto company owned entirely by US citizens opens a new factory in Canada. a) What sort of foreign investment would this represent? Explain. b) What would be the effect of this investment on Canadian GDP? would the effect of this investment on Canadian GNP and US GNP be larger or smaller? Hints: differences between GDP and GNP.A country has domestic investment of $100 billion. Its citizens purchase $500 of foreign assets and foreign citizens purchase $300 of its assets. What is national saving?Answer1. $600 billion2. $300 billion3. $100 billion4. -$100 billion
