Using the expenditure approach-gross domestic product equals

Assignment Help Business Economics
Reference no: EM13897122

Using the expenditure approach, gross domestic product equals:

?Gross national product minus net exports

Gross national product

?The sum of consumption, investment,?government purchases, and net exports

The sum of co?assumption, investment, and government purchases

Reference no: EM13897122

Questions Cloud

The interest rate is the price paid for use : ?The interest rate is the price paid for use of a: If income increases more rapidly than expected, then:
Get her average cost per day and marginal cost per day : Alice runs a restaurant and it is only open on Wednesdays and Saturdays. Her total cost is TC=10+q2 where q is number of meals served per day. Her restaurant is a price taker. A meal is sold at $12 on Wednesday and $20 on Saturday.  Get her average c..
When interest rates rise : When interest rates rise, people are:
What is its short run average cost function SAC : A firm’s short run total cost STC=4+q+q^2. It is a price taker. What is its short run average cost function SAC? Marginal cost function SMC? Draw them in one graph. How many should it produce if P=6? What is the profit? How many should it produce if ..
Using the expenditure approach-gross domestic product equals : Using the expenditure approach, gross domestic product equals:
According to keynes-market economies : ?According to Keynes, market economies:
Draw a graph of money market equilibrium : Draw a graph of money market equilibrium. Is the real or nominal interest rate on the axis? Explain why. Let’s say the Fed wants to lower the nominal interest rate. Use your graph to show how they do this. Explain. Define monetary neutrality. Explain..
Law of supply predicts that an increase in market price : Suppose farmers can use their land to grown either wheat or corn. The law of supply predicts that an increase in the market price of wheat will cause:
What is the price it charges to its consumers : A firm faces a demand where q=20-P. q is quantity demanded, P is price. Its total cost function is TC = 2q^2 + 2q + 20 . How many should it produce to maximize profit? What is the price it charges to its consumers?

Reviews

Write a Review

Business Economics Questions & Answers

  Game theory explain why strategic moves fluctuate

How does game theory explain why strategic moves fluctuate? Some oligopolies use a form of implicit cooperation called price leadership, which is legal in the US. Why do you think these firms try to engage in this practice? And why does price leaders..

  The european engine company eec is a multi-national

the european engine company eec is a multi-national manufacturer of small gasoline and diesel motors. eec has predicted

  How many calories will she consume

If she has to eat only whole servings, what will she have for breakfast, and how many calories will she consume? If she can eat partial servings, how would your answer differ?

  Converting both the rate and payments to weekly

Joe makes monthly deposits of $1,000 into an account with an NAR of 8% and weekly compounding. What will this be worth in 5 years? (This can be done by converting both the rate and payments to weekly, monthly or annually)

  What is the price index today-what caused the change

Where is the United States in the business cycle? The U.S. is in between trough and expansion, but closer to trough. What is the real GDP today? What is the largest component of GDP? Consumption. What is the smallest component of GDP? Net exports. Wh..

  Q1 given production function fxy cxabyb-awhere a b c are

q1. given production function fxy cxabyb-awhere a b c are positive and bgtaa. discuss the returns to scale marginal

  Where do we go from here we have no been able to say

we haven't been able to say much on theoretical side about private information combined with complementarities.

  What is the relationship between GPA and Job Selection

What is the relationship between GPA and Job Selection? (inverse or direct) What are other factors that affect job selection?

  Unexploited scale economies

In the long run, there will be no unexploited scale economies (excess capacity) in

  Any party is experiencing any settlement pressures

Explain what happens when a dispute is at an impasse or not and if any party is experiencing any settlement pressures.

  Unit costs and ability to compete in global market place

If free trade increases a domestic firm’s access to the global market place such that it can double all factors of production and realize a threefold increase in output, what happens to its average unit costs and its ability to compete in the global ..

  Which of the subsequent industries is most such asly

Which of the subsequent industries is most such asly to be monopolistically competitive. A normative economic statement such as "The minimum income should be abolished".

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