If an economy has a trade surplus, is domestic production higher or lower than domestic expenditures? Explain

Question:

If an economy has a trade surplus, is domestic production higher or lower than domestic expenditures? Explain your answer.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Macroeconomics

ISBN: 978-1259663048

10th edition

Authors: David C. Colander

See More Books

Question Posted: Dec 05, 2018 07:16 AM

See More Questions

Suppose that, in the context of the price-specie-flow mechanism, Switzerland currently exports 5,000 units of goods to Spain, with each export unit having a price of 100 Swiss francs. Hence,...
Suppose that France has a trade surplus with the United Kingdom. What would you expect to happen to prices, wages, and commodity prices in France? Why? What would happen to the terms of trade between...
Suppose that a country has a trade surplus of $50 billion, a balance on the capital account of $10 billion, and a balance on the current account of -$200 billion. The balance on the capital and...
Refer to E 29 and respond to the following requirements. Data in E 2-9 Prepare the necessary adjusting entries on December 31, 2024, for the Microchip Company for each of the following situations....
Organize the following data into a stem-and-leaf display where (a) The leaf has one digit and (b) The stem has one digit. 225, 114, 153, 117, 223, 152, 159, 227, 110, 119, 155, 159, 226, 153, 223,...
As production manager of a local newspaper, what problems would you anticipate in implementing a strategy to increase the average number of pages in the paper by 40 percent?
Refer to the data given in Exercise 17. Answer all questions independently. Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2....
Youth Singers (YS) is a not- for- profit organization that was formed in 20X1 by Nancy, a retired professional singer. Members of the choir range in age from 8 to 20. The choir has won a number of...
Jayleen Company makes two products: Carpet Kleen and Floor Deodorizer. Operating information from the previous year follows. Carpet Kleen Floor Deodorizer Units produced and sold 5,000 4,000 Machine...
A piston-cylinder device contains 50 kg of water at 250 kPa and 25oC. The cross-sectional area of the piston is 0.1 m2. Heat is now transferred to the water, causing part of it to evaporate and...
What is the largest component of aggregate income for most countries?
Below are nominal GDP and GDP deflators for four years. a. Calculate real GDP in each year. b. Did the percentage change in nominal GDP exceed the percentage change in real GDP in any of the last...
Kripke et al. (2002) claim that persons who sleep 8 or more hours per night have a higher mortality risk than persons who sleep 6 or 7 hours. They analyzed data from the 1982 Cancer Prevention Study...
Ja-San Company was started on January 1,2007, when the owners invested $$160,000$ cash in the business. During 2007, the company earned cash revenues of $$90,000$ and incurred cash expenses of...
Write a program using the programming language of your choice to implement the representation you designed for Review Question 3.3. Have your program solve the problem, and have it show on the screen...
All the lenses in Figure P33.98 are surrounded by air. Which of the lenses are converging, and which are diverging? Data from Figure P33.98 A B C D E F )(II)
Change the Growth and GrowthDriver classes described in the Improved Accuracy and Efficiency. Using a Step-with-Midpoint Algorithm subsection. Run your modified program with these inputs: For your...
For the three-element series circuit in Fig. 9-39, (a) Find the current I; (b) Find the voltage across each impedance and construct the voltage phasor diagram which shows that V 1 + V 2 + V 3 = 100 0...
In Exercises approximate the zero(s) of the function. Use Newtons Method and continue the process until two successive approximations differ by less than 0.001. Then find the zero(s) using a graphing...
You have just begun your summer internship at Omni Instruments. The company supplies sterilized surgical instruments for physicians. To expand sales, Omni is considering paying a commission to its...
Suppose a handbill publisher can buy a new duplicating machine for $500 and the duplicator has a 1-year life. The machine is expected to contribute $550 to the years net revenue. What is the expected...
Suppose a handbill publisher can buy a new duplicating machine for $500 and the duplicator has a 1-year life. The machine is expected to contribute $550 to the years net revenue. What is the expected...
Assume there are no investment projects in the economy that yield an expected rate of return of 25 percent or more. But suppose there are $10 billion of investment projects yielding expected returns...
You borrowed $15,000 for buying a new car from a bank at an interest rate of 12% compounded monthly. This loan will be repaid in 48 equal monthly installments over four years. Immediately after the...
Discuss how debt restructuring, settlement, or modification works. Discuss the journal entries for debtor and creditor
Could CNL be a viable business? If so, under what conditions and what level of production (and, since production is directly related to production workers, employees)? All information provided for...

If an economy has a trade surplus, is domestic production higher or lower than domestic expenditures? Explain

Question:

Step by Step Answer:

In an economy that has a trade ...View the full answer

Macroeconomics

Students also viewed these Business questions