What is the GDP for a country where consumption spending is $400 billion, gross investment is $125 billion, government spending is $135 billion, exports are $200 billion, and imports are $175 billion? O $685 billion O $415 billion O $635 billion O $1 035 billion 32

What is the GDP for a country where consumption spending is $400 billion, gross investment is $125 billion, government spending is $135 billion, exports are $200 billion, and imports are $175 billion? O $685 billion O $415 billion O $635 billion O $1 035 billion 32

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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Question

What is the GDP for a country where consumption spending is $400 billion, gross investment is $125 billion, government spending is $135
billion, exports are $200 billion, and imports are $175 billion?
O $685 billion
O $415 billion
O $635 billion
O $1 035 billion
32

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billions of dollars Personal consumption expenditures 500 Gross private domestic investment 400 Social Security payments to households 60 Federal government purchases of goods and services 100 State and local government purchases of goods 200 Imports 180 Net exports |-50
Item Consumption expenditure. Investment Government expenditure on goods and services Exports of goods and services Imports of goods and services 8. Based on the data in the table, what does GDP equal? O $11,183 billion O $11.023 billion O $11.103 billion O $12.393 billion Billions of Dollars 8180 1520 1403 1290 1370
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
When 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 R
Use the table below to answer the following question: Component Consumption Government Purchases $3 Trillion Exports Imports Value $16 Trillion $1 Trillion $2 Trillion If GDP is equal to $23 Trillion, what must the value of the investment component be? O $1 Trillion O 3 Trillion O Negative $1 Trillion O $5 Trillion
Between 2017 and 2018, the exports of the X economy decreased by $5 billion and its imports increased by $5 billion. All else equal? By how much has the GDP changed between the two years? Select one: a. The change in net exports will decrease GDP by $5 billion. O b. The change in net exports will decrease GDP by $10 billion. C. d. The change in net exports will increase GDP by $5 billion. O e. The decrease in exports is offset by the decrease in imports, so there is no change in net exports and no effect on GDP.
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Refer to the following table National Consumption Investment Government Net income spending spending spending exports 260 260 280 270 225 25 10 5 25 10 5 300 280 25 10 320 290 25 10 LQ LQ 5 340 300 25 10 5 360 310 25 10 5 LQ LO What is the equilibrium Y? a. 260 b. 280 c. 300 d. 320 cross out cross out cross out cross out e. 340 cross out
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
The table below includes data for a one-year period required to calculate GDP from the income side for a teeny-tiny economy. Gross investment expenditure Wages and salaries Consumption expenditure Interest and investment income Business profits Depreciation Indirect taxes less subsidies Net exports TABLE 5-4 $402.00 $1741.00 $1711.60 $1811.40 $1910.80 $1840.40 O $2004.80 $1302.40 $99.40 $70.40 $199.20 $175.20 $94.00 Refer to Table 5-4. What is the value of net domestic income at factor cost?
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