please give me proper calculation and full explanation Dont use chatGPT otherwise give Downvote Using the method introduced in the video calculate Net National Product. Show answer choices $6,565 $6,665 $6,765 $6,865\table[[Dollar Values], [Durable Goods, $150Durable GoodsServicesConsumptionDepreciationInvestmentGovernment PurchaseExportsIncome Receipts from the rest of the worldNondurable GoodsNet ExportsIncome payments to the rest of the worldDollar Values$150$900$1,300$250$3,150$2,800$2,000$35$250-$350$20

Depreciation is subtracted from the Gross National Product (GNP) to arrive at the Net National…

Answered: Using the method introduced in the…

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter4: The Aggregate Economy

Section: Chapter Questions

Problem 5E

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What is the relative importance of Net Export (NX) (Net Export = spending on exports (X) - imports (M)) in aggreagte demand and some factors that affect it?
Consider the following table showing the breakdown of GDP (in billions) for China. GDP Category Amount (in billions) Wages and Salaries 1000Consumption 1700Investment 700Depreciation 50Government Expenditure100Taxes 300Exports 50Imports 40Income receipts from rest of the world10Income payment to rest of the world50 What are net exports for China? 4. Suppose that GDP in Japan is 1030 and then grows to 1160 (all numbers in billions)What is the growth rate of GDP in Japan?Use the following information to answer questions 5 through 15: The tables below show data on prices and quantities of Oranges and Shoes produced in China. Data for 2014Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes0.7 200 10 270Data for 2015Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes0.9 150 14 250Data for 2016Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes1.4 300 15 3305. Given this data, what is the Nominal GDP in 2014?6. What is the Nominal GDP in…
What effect would a country's lower price level relative to the price levels of its major trading partners have on its net exports? Group of answer choices a.)Net exports would increase, since imports and exports would both increase. b.)Net exports would decrease, since exports and imports would both decrease. c.)Net exports would increase, since exports would increase and imports would decrease. d.)Net exports would decrease, since exports would decrease and imports would increase.
The United States exports14%ofGDP while Germany exports about 50% of it sGDP.Explain wha ttha tmeans.
) 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.
You have the following annual data for the New Zealand economy ($bn): GDP (Y) = 184 Gross National Disposable Income (Yd) = 171 Net exports of goods and services (NX) = 0 Private Consumption (C) = 106 Government consumption (G) = 34 Based on this data, complete the following paragraph (enter numbers only). Investment (I) is equal to $____bn. The current account SELECT (surplus or deficit) is equal to $_____bn. The capital account part of the balance of payments (which for the purposes of this question includes both capital and financial accounts) therefore shows a SELECT (surplus or deficit) of $_____bn. National savings is equal to $_____bn.
Consider the following data for a particular economy:GDPmp = 950Private consumption = 750Gross investment = 100Net investment = 80Exports = 250Imports = 300Net Indirect taxes = 50Net external income = 100Balance of transfers with the Rest of the World = 50Private savings = 300Calculate:a) NNPbp (Net National Product). b) Current balance. Interpret the result obtained.
Suppose there is a reduction in foreign output, Y*. This reduction in Y* will cause which of the following in the domestic country?a reduction in outputa reduction in consumptiona reduction in net exportsall of the abovenone of the above
Q3. You are given the following information about an economy: Gross private domestic investment = 40 Government purchases of goods and services = 30 Gross national product (GNP) = 200 Current account balance = -20 Taxes = 60 Government transfer payments to the domestic private sector = 25 Interest payments from the government to the domestic private sector = 15 (Assume all interest payments by the government go to domestic households.) Factor income received from rest of world = 7 Factor payments made to rest of world = 9 Find the following, assuming that government investment is zero: (a.) Consumption (b.) Net exports (c.) GDP (d.) Net factor payments from abroad (e.) Private saving (f.) Government saving (g.) National saving
based on the information in the table and your cxalculations for question #1 and anycountries have a positive net exports
How would the following transactions affectU.S. exports, imports, and net exports?a. An American art professor spends the summertouring museums in Europe.b. Students in Paris flock to see the latest movie fromHollywood.c. Your uncle buys a new Volvo.d. The student bookstore at Oxford University inEngland sells a copy of this textbook.e. A Canadian citizen shops at a store in northernVermont to avoid Canadian sales taxes
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.

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