National savings is

Q: diffrenciate between Nominal and real GDP.

A: In economics, gross domestic product (GDP) is one of the economic tools that is used to determine…

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: Since it is counted as an investment, why doesn't the purchase of equipment from Caterpillar (a U.S.…

A: Gross domestic product estimates the money-related worth of definite labor and products that is,…

Q: What is investment? How is it related to national saving?

A: Investment refers to an action of purchasing assets or goods that are not consumed in the present…

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: In an economy MPS is 0.2. Investment increases by 1000 billion. Calculate the total increase in…

A: Given the marginal propensity to consume = 0.2 Rise in investment = 1000

Q: What do you call the Circular flow of goods and income of households and firms with the government…

A: The Circular Flow of goods and income of households and firms with the government and foreign…

Q: Find national Savings given that :- National domestic income = $3100 million National consumption…

A: The data presented in the question above is:- National domestic income = $3100 million National…

Q: What happens to a country's consumption as it moves along the business cycle? Track its behavior…

A: The term "business cycle" refers to the various stages that the economy goes through as it expands…

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: Differentiate between Actual dollars and Constant dollars?

A: A continuous increase in the general price level is referred to as inflation. An increase in the…

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: What is % of all the Investment in total GDP

A: GDP is measured using the formula = consumption + Investment+ Government expenditure - (Net Exports)…

Q: Suppose that in our economy Income = Expenditure. If G = 1100, T = 900, S = 50, and I = 90. The…

A: Given : We have an economy where  Income = expenditure

Q: Expenditures approach to GDP

A: GDP (gross domestic product) of a country is the market value of all final commodities and services…

Q: The following table contains data for a hypothetical closed economy that uses the dollar as its…

A: Gross domestic product (GDP) is a monetary proportion of the market worth of the relative multitude…

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: In 2019, consumer spending was $14,000, government purchases of goods and services were $3,700, and…

A: We know that, Y=C+I+G+(X-M)Now, we will do the calculation of the portion…

Q: During 2016, Simon's Recording Studio spent $25,000 on new machines. Simon's depreciation was…

A: Gross Investment refers to as the total expenditure that is made for buying capital goods over a…

Q: In 2020 if government investment spending was €4bn, government consumption spending was €10bn, and…

A: Given: The government investment spending = €4billion The government consumption spending =  €10…

Q: It is expected that in the next twenty years the gross domestic product of China will become larger…

A: While comparing the GDP in both countries, China becomes larger than the United States. This means…

Q: Explain how overall national savings is related to overall investment and why savings is always…

A: We will use a Keynesian and Classical approach to establish the similarity between savings and…

Q: During 2016, Simon's Recording Studio spent $25,000 on new machines. Simon's depreciation was…

A: Given:Capital expenditure=Spent on new machine=$25,000Depreciation=$5,000

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: A closed economy has income of $1,200 billion, government spending of $220 billion, taxes of $170…

A: Answer: Given, IncomeY=$1,200 billionGovernment spendingG=$220 billionTaxT=$170 billionInvestment…

Q: The national expenditure identity says that A.Y=C-S-T. OB.Y=C+I+G. OC.Y=C+I+G+ NX. O D.Y=C+I+G+ NX +…

A: The measure that depicts the final value of goods and services produced in an economy during a given…

Q: "In a private closed economy, when aggregate expenditures exceed National Income:" O National Income…

A: Explanation: Aggregate expenditure of an economy is the amount spent by households, firms, and the…

Q: Is GDP a main indicator of a country's economic well-being? Why and why not?

A: Gross domestic product is the money value of all final goods and services produced by normal…

Q: What else does GDP ignore?

A: As per question, GDP ignores:- GDP ignores many services and products produced as part of household…

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: List three real life situations that shows a flaw with using GDP as the only indicator of the…

A: GDP (Gross Domestic Product): It refers to the total market value of all produced final goods and…

Q: Valeria is a closed economy, where consumption totals $3 billion, tax payments are $300 million,…

A: Private saving is the total amount of savings done by the private institutes and household sectors ,…

Q: Why do you think that GDP does not grow at a steady rate, but rather speeds up and slows down?

A: Gross domestic product (GDP) is the standard measure for creation of value being added in a country…

Q: What’s the real difference of Open-Economy and Closed-Economy on calculating GDP? Write the…

A: A closed economy does not trade with other countries, so it has no exports and imports. An open…

Q: Nominal GDP is money GDP adjusted for inflation. the amount of production that occurs when the…

A: Answer in step 2

Q: Malaysia's GDP include

A: The production process is the conversion of raw material into finished goods. It means the raw…

Q: In the circular flow of income and spending, that is, the basic flow of income and spending between…

A: The model of circular flow helps to understand the relationship within an economic system. It…

Q: During recessions investment   falls by a larger percentage than GDP. falls by about the same…

A: Any economy while moving towards the growth, registered four varied kinds of stages, namely peak,…

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 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: What counts as GDP (I)?

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

Q: During recessions investment a. falls by a larger percentage than GDP.b. falls by about the same…

A: Recession: The recession is the temporary decline in economic activity at a period of time. During a…

Q: Your aunt, who lives in Royal Oak decides to buy a new, American made dress.  In GDP accounting this…

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