Suppose the economy is four sectors economy. The economy is represented by the following: C = 400 + 0.40Yd G= 40 I = 25 T= 5 NX = - 25 where; C = Consumption G= Government Expenditure I= Investment T= Tax NX = Net Exports
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Q: Suppose the economy is four sectors economy. The economy is represented by the following: C = 400 + ...
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Q: Suppose the economy is four sectors economy. The economy is represented by the following: C = 400 + ...
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Suppose that imports decreases by 10 and the other components remain. Will the level of saving and consumption change as the economy adjusts to this change in imports? Explain.
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- Suppose that in the country of Economia: Net Investment = $20 billion, Depreciation = $70b, Net Exports = $30b, Taxes = $90b, Government Expenditure = $60b, Imports = $70b, Consumption = $120b. What does GDP equal in Economia? Select one: a. $300 billion b. $270 billion c. $250 billion d. $230 billion e. $210 billionSuppose an economy consists of only three goods, as shown in this Table: What is real GDP in 2020 and 2021? How much (in percentage terms) did real GDP change between 2020 and 2021?True or false? Consider two economies that spend different shares of their gross domestic product to R&D activities. Is it true that the economy with a larger share of R&D spending grows faster in the long-run?
- In this question, In Country 1, the values of the aggregate variables in 2020 are given as follows: Country 1 (in 2022) Variable Value Consumption 1227 investments 800 Government expenditures: 500 Exports: 150 Imports: 550 What is the GDP of Country 1 in 2022? Only Typing answer I need ASAPSuppose you are provided with the following information about an economy that consists of just three firms: STEEL COMPANYi. Revenues from sales Rs. 400ii. Expenses (wages) Rs. 340iii. Profits Rs. 60CAR COMPANYi. Revenues from Sales Rs. 1000ii. Expenses1. wages Rs. 5002. Steel Purchases Rs. 400iii. Profits Rs. 100SERVICING COMPANYi. Revenues from Sales Rs. 200ii. Expenses (wages) Rs. 160iii. Profits Rs. 40 (a). Compute the GDP in this economy using the following approaches:1. Final goods approach2. Value-added approach3. Income approachThe magazine Women of China reported that Chinese women in big cities spent 63% of their income on consumer goods last year, up from a meagre 26% in 2007. Clothing accounted for the biggest chunk of that spending, at nearly 30%, followed by digital products such as cellphones and cameras (11%) and travel (10%). Chinese consumption as a whole grew faster than the overall economy in the first half of the year and is expected to reach 42% of GDP by 2020, up from the current 36%. Source: The Wall Street Journal, August 27, 2010 If the economy had been operating at a full employment equilibrium, (a) Describe the macroeconomic equilibrium after the rise in consumer spending. (b) Explain and draw a graph to illustrate how the economy can adjust in the long run to restore a full-employment equilibrium.
- Suppose that in a closed economy GDP is $50,000, consumption is $35,000, taxes are 10,000 and government spending is $5,000. In this case, investment is _____. a ($5,000) b $5,000 c $15,000 d None of the aboveSuppose the government increases expenditure towards education and training programs. The intended effect at the macroeconomic level would be? a.To increase net exports, which in turn increases GDP. b.To increase government spending, which in turn increases GDP. c.To increase consumption, which in turn increases GDP. d.To increase private investment today, which in turn increases GDP.For a consumption dependent economy like Malaysia and the United States, which factor contributes most to their GDP? a. Government spending b. Gross private domestic consumption c. Foreign direct investments d. Net exports
- From the table below answer, the following questions in the spaces provided, consider the following data (in billion $) for a country in a particular year: (Personal consumption expenditure (C 1000 (Exports (x 120 (Government Purchases of goods and services (G 400 (Imports (m 110 Gross Domestic Product (Y) 4,500 (Taxes (T 200 5) What is the value of gross investment (I)? Answer 6) What is the amount of investment financed by national savings? Answer 7) What is the amount of investment financed by borrowing from or lending to the rest of the world? Answerif an economy produces 50 oranges sold at $1 each and 100 bananas at $0.50 each, using GDP as the measure of output: a. oranges are weighted as being 2 times more important than bananas. b. oranges are weighted as being 1/2 as important as bananas. c. bananas are weighted as being 2 times more important than oranges. d. bananas are weighted as being 1/2 as important as oranges.Suppose that real GDP is currently $97 billion peryear and natural real GDP is currently $100 billion. what is the GDPgap?
