EP ECONOMICS,AP EDITION-CONNECT ACCESS
20th Edition
ISBN: 9780021403455
Author: McConnell
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 29, Problem 6DQ
To determine
Impact of an increase in net export on real GDP (Gross Domestic Product ).
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Based on the following statistics, how much is consumption?
Total spending
Investment
Government spending
Exports
Imports
O-$0.38 trillion
O $5.13 trillion
O $6.49 trillion
O $11.62 trillion
$11.62 trillion
$2.56 trillion
$2.95 trillion
$1.80 trillion
$2.18 trillion
What happened here? All data in real $bn.
NX +
Y
NX new
NX old
O a.
our currency appreciated, raising our exports
lowering our imports.
O b. our currency depreciated, lowering our exports and increasing our imports.
O c. None of the answers offered are accurate.
O d. our currency depreciated, raising our exports and lowering our imports.
O e. foreign income increased, raising our exports only
Which of the following would be the effects of a rise in consumer optimism? You are strongly advised to graph this question before answering it.
Shift upwards of the whole C function
II Shift upwards of the whole S function
II Shift downwards of the whole 5 function
Iv A movement upwards and along stable Cand S functions.
i only
i and i
Oc iv only
O b.
d.
i and i
O e. None of the answers offered are accurate.
(All data is in real $ bn). What could have caused the change depicted below?
BB=T-G
Real $ bn
BB
new
ВB old
Y
O a. Government decreased its spending on goods and services.
O b. Government…
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1 4:36 PM
O 18%
DIRECTION: Make use of the table to plot your GDP
accounts in 2017. Assume that all transactions are
within 2017.
C
G
IM
TOTAL
Exchange rate: P54 to $1
GDP =
1. A warehouse worth P650M was constructed due
to unexpected increased of supply of tomatoes
with an average lifespan of 10 years. The
warehouse is already existing for five years, how
much is the net worth of the warehouse?
2. Hector spent P70,000 monthly for his car
maintenance.
3. Neil received P10,000 after painting the family
home.
4. Gorgeousleny purchased kitchen appliances
amounting to P150,000.
5. Philippines paid Thailand $75M for 200,000
metric tons of rice.
6. The government spent P400M for the
rehabilitation of foot bridge in Muntinlupa.
7. Philippines sold $80M worth of bananas to
Malaysia.
8. The economy was able to sell consumer goods
worth P1B..
9. Government purchased contraceptives worth
P50M.
10. Existing stock of unsold merchandise worth
P10M.
11. The government spent $40OM for…
Chapter 29 Solutions
EP ECONOMICS,AP EDITION-CONNECT ACCESS
Ch. 29.2 - Prob. 1QQCh. 29.2 - Prob. 2QQCh. 29.2 - Prob. 3QQCh. 29.2 - Prob. 4QQCh. 29.7 - Prob. 1QQCh. 29.7 - Prob. 2QQCh. 29.7 - Prob. 3QQCh. 29.7 - Prob. 4QQCh. 29 - Prob. 1DQCh. 29 - Prob. 2DQ
Ch. 29 - Prob. 3DQCh. 29 - Prob. 4DQCh. 29 - Prob. 5DQCh. 29 - Prob. 6DQCh. 29 - Prob. 7DQCh. 29 - Prob. 8DQCh. 29 - Prob. 1RQCh. 29 - Prob. 2RQCh. 29 - Prob. 3RQCh. 29 - Prob. 4RQCh. 29 - Prob. 5RQCh. 29 - Prob. 6RQCh. 29 - Prob. 7RQCh. 29 - Prob. 8RQCh. 29 - Prob. 9RQCh. 29 - Prob. 1PCh. 29 - Prob. 2PCh. 29 - Prob. 3PCh. 29 - Prob. 4PCh. 29 - Prob. 5PCh. 29 - Prob. 6PCh. 29 - Prob. 7PCh. 29 - Prob. 8PCh. 29 - Prob. 9PCh. 29 - Prob. 10P
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