Suppose that this year a small country has a GDP of $100 billion. Also assume that Ig = $30 billion, C = $60 billion, and Xn = − $10 billion. What is the value of G? $30 billion $0 $10 billion $20 billion

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Q: If Rajal buys some land, hoping to build a house on it in the near future, this purchase would be…

A: The consumption includes only the spending by domestic households on the final goods whether they…

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Q: Suppose that the economy is made up of a single firm, which buys $400 of intermediate goods, pays…

A: Gross domestic product (GDP) measures the market value of final goods and services produced by a…

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Q: Good Y 100 120 140 $0.60 $0.60 $1.00 a. Assuming that this economy produces only two goods Good X…

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A: Given the 1st year price of good x = $1 The 1st year price of good y = $0.60

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A: Given Nominal GDP = 500 Billion $ Growth rate = 3 %

Q: Suppose that nominal GDP was $20 trillion in 2040 in Bedrock. In 2050, nominal GDP was $18 trillion…

A: The nominal GDP in 2040 was $20 trillion The nominal GDP in 2050 was $18 trillion…

Q: In the base year, a country produced 50 units of output at a price of R6,00 each for a nominal GDP…

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

Q: Q3 State why each of the following statements is true or false(WHY) 1- If the value of output by…

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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…

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A: Hello, thank you for the question. Since there are multiple questions posted in the single question,…

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A: GIVEN   Consider each of the following items. Should it be counted as part of U.S. GDP

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A: Answer to the question is as follows:

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A: GDP = C+I+G+NX where C is consumption I is investment G is govt expenditure NX net export

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A: ( I am going to answer only 4,5,6 and 7 because it is stated by student.)  Economy Real GDP in year…

Q: Q.1.3 In the base year, a country produced 50 units of output at a price of R6,00 each for a nominal…

A: Gross Domestic Product or the GDP of a country is the sum total or the accumulation of the final…

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Q: If nominal GDP for 2016 is valued at R3 625m and nominal GDP for 2017 is valued at R3 812m, then it…

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A: a) Economy's nominal GDP in year 3 is: NGDPYEAR 3=Priceyear 3×Quantityyear 3So for good X &…

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A: We have the following information of expenditure for the economy of a country named the Republic of…

Q: Q.1.5 In the base year, a country produced 50 units of output at a price of R6,00 eac for a nominal…

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A: Hi! thank you for the question but as per the guidelines, we answer up to three sub-parts at one…

Q: Given the following: consumption = 400, investment = 100, government expenditure = 50 and net export…

A: GDP = Consumption + Investment + Government expenditure + Net export

Q: Suppose that in 1984 the total output in a single-good economy was 10,000 buckets of chicken. Also…

A:

Q: Assume an economy in which only broccoli and cauliflower are produced. In year 1, 500 million pounds…

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Q: Consider an economy that produce only ice cream cones. In year 1, the quantity produce is 8 bars and…

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Q: Refer to the table given. Assume that this economy produces only two goods Good X and Good Y. The…

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Q: Suppose that an auto company owned entirely by US citizens opens a new factory in Canada. a) What…

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Q: In year 1 and year 2, there are two products produced in a given economy: computers and bread.…

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Q: Which definition best describes real GDP? a)the production of goods and services valued at current…

A: The Gross Domestic Product is the summation of the money value of all the final goods and services…