Gross domestic product equals

Assignment Help Business Economics
Reference no: EM13891914

Gross Domestic Product equals $1.2 trillion. If consumption equals $690 billion, investment equals $200 billion, and government spending equals $260 billion, then:

a) exports exceed imports by $150 billion.

b) imports exceed exports by $50 billion.

c) exports exceed imports by $50 billion.

d) imports exceed exports by $150 billion.

Reference no: EM13891914

Questions Cloud

Determine consumption-employment-output and leisure : Determine consumption, employment, output, leisure, and the real wage in a competitive equilibrium, and explain your solutions. Also, in this problem, show that the competitive equilibrium allocation is Pareto optimal.
Influenced by prominent economic theories of social welfare : Demonstrate the ability to read, understand and assess how social insurance policies influence and are influenced by the prominent economic theories of social welfare.
What is labor lands labor force participation rate : Suppose the civilian no institutionalized working age population is 35.9 million in Labor land, 4.6 million are working part time, and 15.71 million are working full time. Labor land used the Bureau of Labor Statistics (BLS) definitions for unemploym..
Developments of the major economic security programs : Describe the historical and institutional developments of the major US economic security programs since the early 20th century and identify the major attempts to reform the system throughout the period.
Gross domestic product equals : Gross Domestic Product equals $1.2 trillion. If consumption equals $690 billion, investment equals $200 billion, and government spending equals $260 billion, then:
Equilibrium interest rate and domestic current account : Now assume that the economy is open and that the world interest rate is determined on the world market instead of in the domestic economy. Use a two-country model with initial current accounts equal to zero. How does an increase in domestic wealth af..
About the inflation is repudiation : When Calvin Coolidge was vice president and giving a speech about government finances, he said that: “inflation is repudiation.’’ What might he have meant by this? Do you agree? Why or why not? Does it matter whether the inflation is expected or unex..
Describe an entrepreneurial opportunity : Entrepreneurs see an opportunity where others see obstacles. A recession is a great example. Recession means unemployment, difficulty paying bills, fewer customers, home and business foreclosures, and cost cutting in different areas for individuals a..
Calculate level of output worker at golden rule steady state : Consider a Solow economy with the following Cobb-Douglas production function: The capital share of output (a) is 25%, population growth (n) is 1.5%, and the depreciation rate (δ) is 4%. The economy is in steady-state with a growth rate of output per ..

Reviews

Write a Review

Business Economics Questions & Answers

  What raised in the joint session of the subcommittees

You are the manager of a paper mill and have been subpoenaed to appear before a joint session of the Senate Consumer Affairs and the Senate Environmental subcommittees. What raised in the joint session of the subcommittees.

  Calculate quantity consumed after imposition of import fee

A country imports 5 billion tonnes of coal per year and domestically produces another 4.5 billion tonnes of coal per year. The world price of coal is $50 per tonne. Assuming linear schedules, economists estimate the price elasticity of domestic suppl..

  Q1 the sales tax rate applied to all purchases within a

q1. the sales tax rate applied to all purchases within a state was 0.04 4 percent throughout 2006 however increased to

  By what amount will total lendable deposits in the banking

Joe has never trusted banks and always kept his money in cash. Joe pulls out his money jar, discovers that it has $20,000 in it, and decides it is unsafe to keep that much cash. Joe stops at the Local

  How unemployment rate during the current period compare

How will the unemployment rate during the current period compare with this economy's natural rate of unemployment? What will tend to happen to resource prices in the future?

  Affect the consumer price index

In October 2011, Apple introduced the iPhone 4S, which had new features, including camera and voice control, but sold at the same price as the previous iPhone model. How did the introduction of the iPhone 4S affect the Consumer Price Index? What fact..

  What would happen in this market

What would happen in this market? If consumers’ expectations were such that they were concerned about the economy and jobs, what would you think would happen in this market?

  Skectch fundamental analysis of the supply and demand curve

Skectch the fundamental analysis of the supply and demand curve for the British pound in terms of dollars. (The quantity of pounds on the horizontal axis and the US dollars per pound on the vertical axis.

  What are the equilibrium price and quality

What are the equilibrium price and quality? What is the market outcome if the price is $2.75? What do expect to happen? Why? What is the market outcome if the price is $4.25? What do expect to happen? Why? What are the equilibrium price and quality i..

  Undifferentiated bertrand market

Question 1: Two firms compete in an undifferentiated Bertrand market. Suppose that the firms face a demand curve given by P = 80 - Q and both firms have constant marginal cost of 60.

  Compute how many acres hectares each person

Compute how many acres, hectares each person wold occupy if all U.S. residents.

  Create more revenues for government

In order to create more revenues for government, taxes should be implemented on either wealthy individuals or on the luxury items they buy (i.e. jewelry, yachts, stocks and bonds, expensive cars) because they can afford them the most.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd