What is the level of private consumption in GDP is 10,000, investment is 2,900, government spending is 1,600, imports are 3,100, and exports are 3,500?

Q: Here is what we know about a household: wages $25,000, unemployment insurance benefits $3,000,…

A: The expenditure way to deal with computing GDP (GDP) considers the amount of every last great and…

Q: From the given data calculate the investment expenditure Level of income = 6000 Consumption = 250

A: Investment expenditure refers to the expenditure incurred by an individual or a firm for capital…

Q: Which one of these items will not be a part of the current year’s GDP? a. Spending of the…

A: Current years GDP refers to the total market value of goods and services produced in the current…

Q: The rise in consumption is by $590 and the rise in income is by $700 Calculate MPC

A: The information given is as follows:- Change in Consumption = $590 ( positive )  Change in income =…

Q: 20 SU C O 30 100 12010 IGO 180 200 (SLIO) Supods VA

A: Given information:-

Q: If the real GDP is 1000 and Investment is 150, Government Spending is 250 and Net Exports equals…

A: Consumption = 700

Q: Wages paid to labour Household consumption spending Government Transfers Investment spending…

A: we can calculate the GDP by using different methods like , Income method , expenditure method so…

Q: If government spends $10B and the MPC in the economy is .8.  What will be the total change in GDP?

A: A multiplier is a term used in economics to describe an economic factor that, when increased or…

Q: In an economy the change in income is $6600 and change in investment is $3600 Calculate multiplier

A: The information being given is:- Change in income = $6600 Change in investment = $3600 We have to…

Q: consider the following hypothetical economy. Consumption makes of 60% of national income,…

A: Given consumption is 60% of national income implies that C=0.6Y, where C is consumption and Y is…

Q: Explain any two items which are included in the expenditure method of national income?

A: According to the given question According to the expenditure method the national income is basically…

Q: What is %  contribution of government spending in total GDP

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

Q: The table below details the composition of an economy's GDP by spending category. Category…

A: Consumption includes spending on durable, nondurable and services. Construction of new home is a…

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

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

Q: Briefly explain National Income; what it is? Briefly describe any of its three concepts.

A: Economics is a study which studies the human behavior of in using the scarce resources that have…

Q: how consumption, saving and investment relate to national income.

A: National income of a country is generated by considering all the economic activities conducted by…

Q: If consumption expenditures are $1800 million, gross investment is $450 million, imports are $350…

A: here we calculate the GDP , budget deficit or surplus , private saving and disposable income by…

Q: The spending of businesses on buildings and other real property is a part of _. а. Government…

A: Part of investment expenditures.

Q: What is the relationship among the four expenditure components of GDP?

A: Gross Domestic Product (GDP) refers to the total of all the goods and services produced and sold…

Q: 72. Which of the following expenditures would increase the consumption component of GDP?

A: Under the expenditure approach, GDP is equal to the total amount of money spent on personal…

Q: Use data below to answer the following questions: Consumption expenditures $300 billion, Government…

A: Answer: Given, Consumption expenditure=$300 billionGovernment purchases=$50 billionTaxes=$40…

Q: If national income is $5,000 billion and disposable income is $4,000 billion, then what is personal…

A: Given: National Income (Y) = $5,000 billion Disposable income(Yd) = $4,000 billion We know,…

Q: if consumption is $3.8 trillion, investment is $1.1 trillion, government spending is $1.1 trillion,…

A: here we calculate the GDP which are as follow-

Q: In an economy where people spend 80% of their incomes, the government lowers taxes by $5000.…

A: Gross domestic product is a monetary measure of the market value of all the services and final goods…

Q: What are the four categories of expenditures which comprise GDP. (1) Private consumption expenditure…

A: GDP is the sum total of market value of final goods and services produced in a country during a…

Q: A. Calculate GDP by both the expenditures and the income approaches. B. Calculate NDP. C. Calculate…

A: As per guidelines, we will answer the first three subpart question.

Q: What is the US GDP for the first quarter and second quarter of 2020?  What is the personal…

A: In Keynesian economics, aggregate demand plays a very important role in determining income level and…

Q: explain how total output and total income are related to each other, and why they are related

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: 1. What is PPP GDP and why do we need to use it?

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Which of the following is included in Gdp? Select one: a. medicare b. social security payments c.…

A: GDP is the total and final value of goods and services produced in an economy during a given period…

Q: Explain why the government spending (G) componentof GDP falls short of actual…

A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…

Q: If consumption is $5000 and income is $10,000 Calculate APC

A: The information being given is:- Consumption = $5000  Income = $10,000  We have to calculate the…

Q: Purchase of electricity by a family-owned business is included in GDP?

A: Gross Domestic Product is the aggregate of the values of all goods and services produced within a…

Q: How do you calculate private closed economy GDP?

A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…

Q: Explain the relationship between output and income for both an individual and an entire economy.

A: To understand the relationship beween output and income for an individual and the whole economy, we…

Q: Suppose that a country grows at an annual rate of G = 2%, imagine that at time "t" the country has…

A: Given Growth rate = 2 % Time = 10 years Income level after 10 years =Yt * (1 + growth rate)^time =…

Q: Explain the three approaches to national income?

A: According to the given question National income is also known as a national product which is a…

Q: Suppose that the economy has consumption $90, investment $50, government purchases $30, imports $20,…

A: Gross domestic product (GDP) is the standard measure of the value added created through the…

Q: 1. Which of the following are included in this year’s GDP? Explain your answer in each. A 2-hour…

A: Introduction Gross domestic product is the total sum of market value of final goods and services…

Q: What is general government final consumption reflecting in terms of GDP of a country? What it…

A: Below is the formula for GDP: GDP = C + I  + G + NXC =ConsumptionG = Government expenditureNX = Net…

Q: what do you mean by CIRCULAR FLOW OF GOODS AND INCOME AMONG PRODUCERS AND HOUSEHOLDS

A: circular flow model  Lets understand this concept with an example:- In this circular flow model…

Q: What is the biggest spending component of GDP?

A: The monetary worth of all the goods and services generated in an economy over a specific period of…