Question 17 Given the following macroeconomics data: Which is the value of the Gross Domestic Product? Consumer expenditure £70 million Investment expenditure £20 million Government expenditure £40 million Exports £20 million Imports £30 million Net income from abroad £10 million £150 million £130 million £120 million £110 million
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- Given Table 12-5 below, fill in the values for saving. Assume there are no taxes. Table 12-5 National Income $7,500 8,000 8,500 9,000 Consumption $5,400 5,800 6,200 6,600 Use the editor to format your answer SavingWork out this questions An animal herder produces 300 litres of milk each year. He sells 160 litres to his neighbours and stocks 140 litres for his own consumption. Which figure should be included in household consumption: 160 litres or 300 litres?a What is the total value of government spending? b What is the value of total consumer spending? c What is the country's total GDP?
- e the information in the table to answer the folowing qustiona. Al numbers are in bilions of 2012 dolars Govermment Purchases (G) $2.00 $2.500 $2.500 $2.500 $2.500 Pianned investment ( $1.000 Net Exports (NK) Real GOP (Y) Consumption (C) $12.000 $13.000 $14,000 $15.000 $10.000 $9.500 $10.250 $1.000 -$500 -$500 -5500 -$500 -$500 $1.000 $1,000 S11,750 $1.000 $12.500 $1.000 The equibrum level of GOP is S bilion The MPC is (snter your reaponse to two decimal places) Suppose that net exporta increase by $200 blion. Using the multiplier formua, determine the new level of GOP. AS200 bilon increase in net exports leads to a change in spending of S bilion, so the new level of GDP wi be billonSavings (thousand) Consumption (thousands) 6 Panel A Consumption Move this point along C C Y=C+S O Macmillan Learning Adjust the interactive graph in order to observe the relationship between income, consumption, and saving changes as income increases. Use the graph to help you answer the following questions. 2 3 4 5 6 Panel Bincome (thousands) Savings 4 5 6 S Income (thousands) a. At an income of 4000, how much is consumed? How much is saved? Consumption = $ -500 Savings = $3500 O Consumption = $0 Savings $4000 = Consumption = $ 3500 Savings = $-500 O Consumption = $4000 Savings = $0Create a speech about the relationship of income, saving and consumption to price changes in shopping.
- The following is production data: Waffles Waffles Orange Orange Toaster Toaster Year (Quantity) (Price) Juice Juice Ovens Ovens (Quantity) (Price) (Quantity) (Price) 2010 2000 $1.20 400 $5 280 $22 2011 2200 $1.30 410 $5 300 $25 2012 2500 $1.40 420 $6 300 $28 The above, like I said, is production data. Consumption data is as follows: the average citizen consumes 150 waffles, 20 units of orange juice and 4 toaster ovens. 2010 is the base year for all calculations. Carefully following all directions for entering your answer, tell me nominal GDP for 2012 for this economy.If household spend $105 billion on goods and $95 billion on services. How much in revenues do businesses receive in the product market?Use the following composition of expenditure for the economy of a country named the Republic of Tapuwa, for the year ended 2019 to answer the questions below:COMPONENTR millionsConsumption expenditure (C) Investment (I)Government spending (G) Exports (X)Imports (Z)DepreciationForeign payment to the rest of the worldForeign payment from the rest of the worldShow all calculations and formulae.9 000 6 500 7 000 1 800 2 400 700 300250 Compute the value for the country’s GDP (Gross Domestic Product) at market price. Determine the value of the country’s NNI (Net National Income) at market price.If it is predicted that the GDP will increase to 22 000 in 2020, calculate the growth rate between 2019 and 2020.Q.7.2.5The measure of GDP for economic growth is not always perfect. Describe any two problems that are associated with GDP as a measure of economic growth.
- File Tools View EXERCISE 2 FOR NATIONAL INCOME [Compatibility Mode] - Word Electricity, gas, and water 64,000 Indirect tax 36,000 KUPTM Subsidies 220,000 Wages and salary KOLEJ UNIVERSITI POLY-TECH MARA KUALA LUMPUR -32,000 ЕСОЗ033/ ЕСO201 - ЕCONOMICS Calculate: EXERCISE FOR CHAPTER 6: NATIONAL INCOME i. Gross domestic product (GDP) at market price. QUESTION 1 Table 1 shows the national income for Zimbabwe in December 2020. 11. Gross national product (GNP) at market price. Table 1: National Income Statistics for Zimbabwe in December 2020. ITEMS RM MILLION Agriculture 48,000 Mining and quarrying 10,000 iii. 111. Gross national product (GNP) at factor cost. Education 12,000 Military 64,000 Telecommunication 84,000 Net payment from abroad 240,000 iv. National income Capital consumption 60,000 Tourism 92,000 Screens 1-2 of 4 100%Give typing answer with explanation and conclusion what is the US GDP for the first quarter and second quarter of 2021? What is the personal consumption expenditures for the first quarter and second quarter of 2021?Question 23 esc K ✈1 moving to 1 The total income earned by residents of an economy is known as O gross national product O private disposable income O gross domestic product O national income none of the above A Moving to another question will save this response. O Type here to search ? Q A 12 W 13 # D LA Ai R % 5 16 10 1 hp