Referring to the table below, fill in the missing data for the country of Birchwood. Consumption Gross investment Government spending Net exports SURPL Expenditures Gross domestic product at market prices Less depreciation Less indirect taxes (net of subsidies) Net domestic product at basic prices +/- Net foreign factor income Net national product at basic prices AFY 380 120 195 95 790 45 65 680 -55 625 < Prev O Search Incomes Compensation of employees Gross operating surplus Gross mixed income Taxes less subsidies on production Indirect taxes (net of subsidies) Gross domestic income at market prices Less depreciation Less indirect taxes (net of subsidies) Net domestic income at basic prices +/- Net foreign factor income (Net) national income Add transfer payments Less undistributed profit Less corporate profit tax Less other income items Personal income Less personal income taxes Disposable income Savings Consumption 7 of 14 SAMSUNG Next > -55 140 45 45 20 190 380 480 95 55 45 65 65

Referring to the table below, fill in the missing data for the country of Birchwood. Consumption Gross investment Government spending Net exports SURPL Expenditures Gross domestic product at market prices Less depreciation Less indirect taxes (net of subsidies) Net domestic product at basic prices +/- Net foreign factor income Net national product at basic prices AFY 380 120 195 95 790 45 65 680 -55 625 < Prev O Search Incomes Compensation of employees Gross operating surplus Gross mixed income Taxes less subsidies on production Indirect taxes (net of subsidies) Gross domestic income at market prices Less depreciation Less indirect taxes (net of subsidies) Net domestic income at basic prices +/- Net foreign factor income (Net) national income Add transfer payments Less undistributed profit Less corporate profit tax Less other income items Personal income Less personal income taxes Disposable income Savings Consumption 7 of 14 SAMSUNG Next > -55 140 45 45 20 190 380 480 95 55 45 65 65

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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1. When calculating gross national disposable income in an open economy, we adjust gross nationalexpenditure by:a. subtracting exports and adding back imports.b. adding in net income earned from foreign sources, plus the trade balance, plus net unilateraltransfers from abroad.c. subtracting depreciation, payroll taxes, and indirect business taxes, while adding in subsidies.d. taking out net factor income from abroad and subtracting net unilateral transfers.
2 - What is the other name for the difference between export and import?A) Net exportsB) Foreign trade deficitC) Foreign TradeD) Budget deficitE) Current Account Deficit
) Consider the following open economy SImodel set upY = 18000C = 300 + 0.8(Y − 2500)I = 3500 − 400(r)r = r* = 5G = 3000T = 2500(a) Compute public savings. How much isnational savings, S?(b) Compute Net Exports.
Hi, could you help me solve this problem? Desired demand is DD = C +Ip +G+NX, where consumption C = a+b(Y −T), Ip is planned investment, G government consumption and T net taxes. Y denotes domestic output. Net exports are NX = cY f − dY , where Y f is foreign output (output of export countries). Parameters a, b, c, and d are all strictly positive and b > d. In equilibrium, Y = DD. By how many units (e.g. billions of euros) does domestic equilibrium output increase if go- vernment consumption is increased by 1 one unit? (Hint: solve for equilibrium Y as a function of G.) How and why does international trade affect the fiscal multiplier?
In the economy of Carpathia: Consumption =850 billion Government purchase of goods and services = 100 billion Import = 125 billion Investment spending= 75 billion Exports = 100 billion. Taxes= 50 billion —There are no government transfers payment. — set an open a close economy given the provided data table? —Compute the following based on the data in the table above. A) GDP in Carpathia B) National savings in Carpathia: C) Net capital inflow into Carpathia: D) The savings-investment spending identity for the Carpathian economy
Consider the following open economy SImodel set upY = 18000C = 300 + 0.8(Y − 2500)I = 3500 − 400(r)r = r∗ = 5G = 3000T = 2500NX = 5000 − 30(e)(a) Compute National Savings.(b) Compute Net Exports, NX and exchangerate, e.(d) Compute the impact on e, if both Gincrease by 500.
Which of the following will cause a real depreciation?a reduction in the exchange rate of foreign currency for domestic currency, Ean increase in the foreign price of goods, P*a decrease in the domestic price of goods, Pall of the abovenone of the above
based on the information in the table and your cxalculations for question #1 and anycountries have a positive net exports
1._______ The total value of a nation’s exports minus thetotal value of its imports over some period of time
Assume the information below to answer the following questions about the land of POGO. Assume a 2% interest rate on all interest-bearing Pogo assets (assets issued by Pogo), and a 4% interest rate on Foreign assets (issued by Foreign). POGO CONSUMER EXPENDITURES, 2020: $217B POGO INVESTMENT EXPENDITURES, 2020: $125B POGO GOVERNMENT EXPENDITURES, 2020: $25B TAXES COLLECTED BY THE POGO GOVERNMENT: $18B MERCHANDISE EXPORTS, GOODS & SERVICES TO FOREIGN, 2020: $45B MERCHANDISE IMPORTS, GOODS & SERVICES FROM FOREIGN, 2020: $65B POGO LABOR INCOME FROM ABROAD, 2020: $5B INCOME PAID TO FOREIGNERS WORKING IN POGO, 2020: $8B FOREIGN ASSETS OWNED BY PRIVATE CITIZENS OF POGO, START of 2020: $100B POGO ASSETS OWNED BY PRIVATE CITIZENS IN FOREIGN AT THE START of 2020: $50B RESERVES OF FOREIGN NON-INTEREST BEARING ASSETS HELD BY THE CENTRAL BANK OF POGO AT THE START OF 2020: $300B RESERVES OF FOREIGN NON-INTEREST BEARING ASSETS HELD BY THE CENTRAL BANK OF POGO AT THE END…
Beriefly explain why intrest rate and net export are inversely related in equation NX=500-0.10Y-500R.
wouldn't the answer be $184 since you also have to subtract net transfers abroad - debit loss of $10. (GDP+net income earned by foreign investment - investment income paid to foreigners + net transfers) $200+$22-$28-$10 = $184