If US exports increased and imports remained constant, this would... No change in GDP Decrease GDP Increase Net Exports Increase Government Purchases
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- 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 is the predicted relationship between the value of a country’s imports and its national income? What is the predicted relationship between its trade balance and its national income? Plz do fast .Billion of Dollars Composition Consumption 17. 4900 Investment 1300 Government expenditures 1200 1050 Exports Imports Net foreign factor income 950 20 Based on table 1, the value of GDP is C 7,400 C 6,200 O 7,500 O 8,450
- Consumption $500Government Expenditures $200GNP $800Gross Private Domestic Investment $100Imports $100Exports $50 Questions:1. Using the data above, GDP is equal to __________________.2. Using the data above, Net Exports is equal to _____________.What will happen to the net exports of Mexico when there is an increase in income in the United States? Ⓒ Net exports will increase because exports will increase. Net exports will decrease because exports will decrease. ONet exports will decrease because imports decrease. Net exports will increase because imports increase.At one point Canada’s GDP was $1,800 billion and its exports wer e $542 billion.What was Canada’sex portratio at this time?
- 2. Exports, imports, and Net exportsWhat is export,import rate and net export reflecting in terms of GDP of a country? What it indicates when the value is high or low?Which of the following components makes up the largest percentage of GDP measured by aggregate spending? O imports O government purchases of goods and services consumer spending investment spending О ехрorts
- The table below shows national income and imports. The level of exports is fixed at $350. All figures are in millions of dollars. Imports (IM) Net Exports (NX) 290 a 330 b 370 410 Income (Y) 1,800 3,300 4,800 6,300 On a graph of the net export function for this economy, at what level of Y would the NX function intersect the horizontal axis? A. at $0 B. at $4,050 C. at $4,800 D. at $1,800 E. at $6,300 с dWhen people living in America spend $10,000 to buy imported goods at the shopping mall, how does this affect U.S. GDP? O GDP decreases because we are buying foreign goods and not American goods. O GDP is not affected because the goods are not produced in America. O GDP increases by $10,000 because the consumers live in America. O GDP increases by an amount equal to the value added by the stores in the shopping mall. W ASUS 8 RExports and Imports 800 700 600- 500- 400 300 1 200 100 1970 1980 1990 Year Exports Imports 2000 Figure 5.3 Exports and Imports in the Country of Macroland According to the economy in Figure 5.3, net exports Did not impact GDP from 1990 to 2000 because exports were greater than imports. Were a negative number from 1970 to 1985. Made a positive contribution to GDP from 1970 to 1985. O Were a negative number from 1990 to 2000.