Net exports are -$114 billion and exports are $857 billion. What are imports?

Q: Changes in business inventory will be calculated in GDP under which of the following categories

A: GDP = C + I + G + X - M Where C = personal consumption expenditure I = Gross private domestic…

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…

Q: is always equal to gross domestic income in the circular flow of income and expenditure. a. Gross…

A: Circular flow model explains how an economy functions. It analyses the way goods, services and money…

Q: In an economy:- Exports = $800 million Imports = $730 million Calculate the value of net exports

A: The information being given is:- Exports = $800 million Imports = $730 million We have to find net…

Q: Since it is counted as an investment, why doesn't the purchase of equipment from Caterpillar (a U.S.…

A: Gross domestic product estimates the money-related worth of definite labor and products that is,…

Q: In 2019, Mr. Francis paid $10m for a house that was built in 2019 and sold that year for $8m. What…

A: The house was builid on 2019 and sold to Mr Francis for 10 Million $. Therefore the house will…

Q: Gross domestic product (GDP) is the sum of the income and expenditures of an economy Birini secin…

A: National income a national estimate measure of the volume of commodities and services turned out…

Q: Briefly discuss five reasons why a rise in real Gross Domestic Product within a country over time…

A: The measure that depicts the final goods and services that are being produced in an economy during a…

Q: What do you call the Circular flow of goods and income of households and firms with the government…

A: The Circular Flow of goods and income of households and firms with the government and foreign…

Q: Which is the largest component of GDP?a. consumptionb. investmentc. government purchasesd. net…

A: Gross Domestic Product (GDP) helps in measuring the overall output of an economy by taking the…

Q: National savings is

A: In a closed economy, total output(Y) is sum of consumption(C), government expenditure (G) and…

Q: Assume that GDP at market price is 650 million, factor income received from abroad is 180 million,…

A: GDP is an important macroeconomic measure of growth that is used to determine the total aggregate…

Q: Discuss the limitations of gross domestic product (GDP) as a measurement tool please.

A: GDP is the total income of the domestically produced final goods and services which would result in…

Q: If net Exports is $100 and exports are $250  Find imports

A: The data presented in the question above is :- Net exports = $100 Exports = $250  Imports are to be…

Q: Use the information in the table below to answer  GDP at market prices R397bn Net primary income…

A: The difference between the value of gross national product and depreciation is referred to as net…

Q: In an economy,  Exports = $2100 million Imports = $1750 million Calculate net exports

A: Exports are goods and services delivered from one country to another. Imports are goods and services…

Q: Consider this economy. Calculate exports and also net exports for this economy

A:

Q: is added to exports when calculating U.S. GDP because imports reflect spending by Americans?…

A: The value created by production of all the services and goods in a specific period of time within…

Q: Suppose that in our economy Income = Expenditure. If G = 1100, T = 900, S = 50, and I = 90. The…

A: Given : We have an economy where  Income = expenditure

Q: In Vietnam in 2022, companies spend $7 millions, consumers spend $10 millions, government spends $8…

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

Q: What happens to the level of net exports in an economy when income in that economy increases? What…

A: Net exports is the difference between the value of exports and imports.

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…

Q: Determine if each transaction is included in the Gross Domestic Product (GDP) and mark each item as…

A: " Since you have posted a question with multiple sub-parts, we shall answer the first sub-parts . To…

Q: During 2016, Simon's Recording Studio spent $25,000 on new machines. Simon's depreciation was…

A: Given:Capital expenditure=Spent on new machine=$25,000Depreciation=$5,000

Q: Exports of a country are $200 million and imports in the same year is $116 million Calculate net…

A: The information being given is:- Exports of the given country = $200 million Imports of the given…

Q: Find the value of exports if net exports is $310 million and imports are $130 million

A: The information being given to us is:- Net exports = $310 million Imports = $130 million We have to…

Q: how do remittances affect GDP?

A: Answer: Introduction: It refers to the transfer of a part of income by a worker from a foreign…

Q: Company X produces $50,000 of wine in 2019 and they plan to sell the wine in 2021 to foreigners. How…

A: The market value of all final goods and services produced in the economic territory of the country…

Q: Suggest an argument for and an argument against counting in GDP all household-produced goods and…

A: The GDP measures the monetary value of an economic final production. It is equal to the total income…

Q: In a closed economy, net exports are - ___________________ Select one: a. Lesser than 0 (< 0) b.…

A: A closed economy is one that does not interact with other economies in the world. There are no…

Q: What should be added to the net output to get the national income? a. Net factor income from abroad…

A: National Income is defined as the final value of all goods and services produced in an economy in a…

Q: What is 4Gross domestic product (GDP)?

A: Gross Domestic Product The key indicator of the value added created by the production of commodities…

Q: Is each of the following sets of variables positively or negatively related? a. Domestic income and…

A: When domestic income rises (falls), import demand rises (falls). So they are Positively related.

Q: Exports and imports are $500 million and $330 million Find net Exports

A: The data presented in the question above is:- Exports = $500 million Imports = $330 million Net…

Q: Tom is an organic gardener.  For several years, he produced only for his own consumption.  Last…

A: GDP or Gross Domestic Product can be defined as the sum total of the market value of all final goods…

Q: Why the following are not counted in the GDP.intermediate goods,transfer payments, used goods ,non…

A: Intermediate goods are excluded since GDP measures the value of final goods only. Inclusion of…

Q: Net exports are exports less imports. that portion of consumption and investment goods sent to other…

A: Net Exports are a part of GDP of a country. Net Exports=Exports-Imports   Option B-Sending…

Q: Discuss the Gross Domestic Product (GDP), highlighting the components and methods of calculating…

A: In economics, the final demand domestically can be described as the total demand for final services…

Q: Calculate the value of exports if net exports are $390 million and the imports are $200 million

A: The emergence of the global economy was dependent on international trade. Global events both…

Q: Calculate net exports of Brazil if the export were $780 million and imports were $600 million

A: According to the above mentioned question, the values are:- Exports of Brazil = $780 million Imports…

Q: In an economy exports are $350 million and imports are $350 million Calculate net exports

A: The information being given is:- Exports = $350 million Imports = $350 million We have to find net…

Q: In the economy of Ukzten in 2010, consumption was $3,000, exports were $400, GDP was $5,000, imports…

A: Government spending refers to money spent by the public sector on the acquisition of goods and…

Q: You are an economist calculating the Gross Domestic Product of Oman. To calculate GDP, you will…

A: The Gross domestic product (GDP) is the market worth of every final and service produced inside a…

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

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

Q: Since it is counted as investment, why doesn’t the purchase of earthmoving equipment from China by a…

A: GDP estimates the financial worth of conclusive labor and products — that is, those that are…

Q: Your aunt, who lives in Royal Oak decides to buy a new, American made dress.  In GDP accounting this…

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