Calculate GDP in this simple economy: Consumer purchases: $100 per year Investment purchases: $50 per year Government

Question:

Calculate GDP in this simple economy:

Consumer purchases: $100 per year Investment purchases: $50 per year Government purchases: $20 per year Total exports: $50 per year Total imports: $70 per year: mk63

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

Step by Step Answer:

Related Book For book-img-for-question

Modern Principles Of Economics

ISBN: 9781429239974

2nd Edition

Authors: Tyler Cowen, Alex Tabarrok

See More Books

Question Posted: Jun 28, 2024 01:00 AM

See More Questions

Final_Exam_Macro Question 1 (2 points) Purchasing-power panty theory does not hold at all times because many goods are not easily transported and the same goods produced in different countries may be...
Please help...thank you! PART A - MULTIPLE CHOICE QUESTIONS 1. Real GDP is nominal GDP adjusted for: A) double counting. B) changes in prices. C) population. D) imports. 2. What do a rubbernecking...
Please helpFrom the text- please make one annotation per page Workbook please complete using the text 4 Files 4:01 PM Fri May '13 Insert Draw Layout Review View Unit 4Economic Indicators Name: HR:...
The ordinary share capital of W Ltd (which is a trading company) is owned 30% by X Ltd, 25% by Y Ltd and 45% by Z Ltd. All of these companies are UK resident and they prepare accounts to 31 March....
Given the following null and alternative hypotheses together with the following sample information a. Assuming that the populations are normally distributed with equal variances, test at the 0.10...
C7.1. Whycan freecash flow be regarded as a dividend, that is, as a distribution of value ratherthan the valuecreated?
5. Bond Yields (LO1, CFA5) Which of the following states the correct relationship among yield measures for premium bonds? a. Coupon rate > Current yield > Yield to maturity b. Current yield > Coupon...
Nonmonetary Exchanges on August 1, Hyde, Inc. exchanged productive assets with Wiggins, Inc. Hydes asset are referred to below as Asset A, and Wiggins is referred to as Asset B. The following facts...
An equipment is purchased for $110,000 and has an estimated salvage value of $10,000 at the end of the recovery period. The book value at the end third year using the straight-line method with a...
Since World War II, who were the only three recession-free U.S. presidents? (Well revisit the question of how presidents matter for the economy in later chapters.) mk63
What is the national spending identity? This identity is very important in macroeconomics. It is as important as basic anatomy in medical school: You wont be able to cure a person until you know...
Use Theorem 2 to find local extrema in Problems 5-24. f(x,y) = x2 + y2 - 4x + 6y + 23
QUESTION 2 (20 marks) CLO 5 a. Explain what the following ratios indicate to a firm: (i) Acid Test Ratio (ii) Return on Capital Employed (ROCE) (iii) Debtors Collection Period (iv) Working Capital (2...
Lazlo s estimates uncollectible accounts to be 0 . 9 % of sales. Its year - end unadjusted trial balance shows Accounts Receivable of $ 1 1 2 , 5 0 0 and sales of $ 9 6 5 , 0 0 0 . If Lazlo s uses...
Identify one or two of the best and one or two of the worst work teams on which you served as a member. 1. Identify the top three to five factors that made the team the best or the worst in terms of...
ColorCoder is a HousePaint Shop which supplies currently two types of house paints, namely, alpha and beta house paints. The shop is planning to sell a primer (paint base) and the needed paint...
which department adds value to a product or service that is observable by a customer?
Evaluate the common stock of Regal Distributing Company as an investment. Specifically, use the three common stock ratios to determine whether the common stock increased or decreased in...
Borrowing costs should be recognised as an expense and charged to the profit and loss account of the period in which they are incurred : A. If the borrowing costs relate to qualifying asset B. If the...
The Bank of the Midwest is a small retail and commercial lender located in a rural, midwest county. The commercial underwriter at the Bank of the Midwest is presented with a lending situation. The...
The following information relates to Nebula Company. Calculate the operating income. A. $11,000 B. $62,000 C. $240,000 D. $1,000
Assume your charge $10,000 to your credit card. You make the minimum payment of $400 per month. The monthly interest rate is 1.5%. How many months will it take to pay off your card? Group of answer...

Calculate GDP in this simple economy: Consumer purchases: $100 per year Investment purchases: $50 per year Government

Question:

Step by Step Answer:

Modern Principles Of Economics

Students also viewed these Business questions