What was the level of government spending in second quarter

Assignment Help Econometrics
Reference no: EM13222188

In the second quarter of 2006, household income was $13,134 billion, consumption was $9,162 billion, investment was $3,340 billion, and net exports were -$777 billion. What was the level of government spending in the second quarter of 2006?

Reference no: EM13222188

Questions Cloud

What is the average time spent by each order waiting : Is it worth reallocating resources so that large orders wait an average of 0.3 weeks while small orders wait an average of 0.7 weeks before being processed?
Define the solution of riboflavin from a stock solution : Determine how you would make a 100ppb solution of riboflavin from a 50mg/L stock solution. Do the same for preparation of a 500ppb solution from a 50mg/L stock solution
How would you prepare workers for an overseas assignment : You work in Hong Kong for a Swiss-owned firm. The Swiss are known for their high uncertainty avoidance. What differences might you expect to see from your Swiss bosses compared with your Hong Kong employees?
What type of goods are pepsi and coke for mary : Show this utility maximiz- ing combination combination of Pepsi and Coke on the graph. how would her consumption and utility maximizing bundle of Coke and Pepsi change if the price of Coke decreases to 50 cents.
What was the level of government spending in second quarter : In the second quarter of 2006, household income was $13,134 billion, consumption was $9,162 billion, investment was $3,340 billion, and net exports were -$777 billion. What was the level of government spending in the second quarter of 2006
What is the amount of the three equal payments : A series of 10 annual payments of $7,500 is equivalent to three equal payments at the end of years 6, 10, and 15 at 15% interest compounded annually. What is the amount of these three equal payments
What is double counting in calculation gdp : Assume that we have a economy with no government and no capital investment that is closed to the outside world.draw a simple circular flow diagram with just firms:downstream firms that product final goods and services for consumption, and upstream..
Prepare a forecast using exponential smoothing method : Prepare a forecast through week 11 by using a five -week moving average and prepare a forecast using exponential smoothing method with α = 0.2. Forecast for week 1 was 22.
Explain what is the mol fraction of propane : below which there is too little fuel to support combustion. For propane, the LFL is 2.1 mol-%. What is the mol fraction of propane in the air at the stoichiometric concentration?

Reviews

Write a Review

Econometrics Questions & Answers

  What is the value of net exports

Assume that gross private domestic investment is $800 billion and the government (state, local, and federal combined) is currently running a $400 billion deficit. If households and businesses are saving $1,000 billion, what is the value of net exp..

  Calculate the transfer multiplier

Suppose households consume 80% of their disposable income. The government is considering three actions to help increase GDP: increasing government spending, cutting taxes, or increasing fixed transfer payments. If the government increases transfer..

  How much interest is accrued annually

Mike salary will stay at $60,000 per year until he retires. He currently has $82,345 in his retirement fund, which earns 7% annually. He is now 43, and he expects to live until he is 81(he found a website that predicted his life span based on his c..

  What would be the present worth of her gifts

Autie Frannie wants to help pay for her twin nephews to attend a private school. She intends to send a cheque for $2,000 at the end of each of the next eight years to apply to the cost of schooling. a) If general price inflation, as well as tuiti..

  Find the consumer surplus at the new price

Suppose two firms 1 and 2 compete in quantities and face a demand curve p = 100 - q. Suppose firm 1 has a constant marginal cost of 10 while firm 2 has a constant marginal cost of 40. Suppose they produce quantities simultaneously. a. Find q..

  How many dvds should be sold to rent per day to max profit

price:1.75, 2.00, 3.00, 4.50, 5.00, 5.50. quantity: 55, 110, 165. mc=5.00/165, 3.00/110, 1.75/55. atc=5.00/165, 5.50/55. avc=2.00/55. demand=1.75/55. mr=2.00/55. How many DVDs should be sold to rent per day to maximize profit

  Summarize the potential entrants residual demand curve

Suppose the inverse market demand is given by P = 20 - Q. If the incumbent produces 8 units of output, which of the following equations best summarizes the potential entrant's residual demand curve P = 12 - 8Q P = 20 - 12Q P =20 - 8 Q P = 12 - Q

  Write the function for the indifference curve

Write the function for the indifference curve and graph it when U=10 and U = 20. b) Write the function for the budget constraint and graph it.c) What are the utility maximizing amounts of X1 and x2 given the budget constraint? d) Would your answer..

  What are the intercepts of budget line

Tanya operates a home business importing sweaters from Peru and sells them from her home. She collects $400,000 in revenue a year, and spends $200,000 on the sweaters and shipping costs, as well as $25,000 on advertising, accounting services and u..

  By what percentage did gdp decline in the fourth quarter

According to the News on page 162 : Economy: Sharpest Decline in 26 Years The U.S. economy suffered its biggest slowdown in 26 years in the last three months of 2008, according to the government's first reading about the fourth quarter released Fr..

  Calculate the internal rate of return

The loan is to be repaid in seven equal annual installments including interest. The firm's marginal income tax rate is 39%. The equipment qualifies for MACRS 5-year property. a. Calculate the interest on loan for each year.

  Does output per unit of labor depend only on f

According to the chief engineer at the Zodiac Company, Q = ALf Kf , where Q is the output rate, L is the rate of labor input, and K is the rate of capital input. Statistical analysis indicates that f = 0.8 and f = 0.3. The firm's owner claims the ..

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