Question
Category Billions of dollars Consumption 400 Investment 150 Government spending 80 Exports 210 Imports 60 Foreign income payments to domestic factors 20 Domestic income payments
Category Billions of dollars Consumption 400 Investment 150 Government spending 80 Exports 210 Imports 60 Foreign income payments to domestic factors 20 Domestic income payments to foreign factors 10 Net unilateral transfers 5 1. [2 points each] Using the hypothetical U.S. national income and product accounts data from the above table, answer the following: a. Calculate GNE. b. Calculate the trade balance. c. Calculate GDP. d. Calculate net factor income from abroad. e. Calculate GNI. f. Calculate the value of the current account. g. Calculate GNDI. h. Calculate national savings for the U.S.
Step by Step Solution
3.42 Rating (155 Votes )
There are 3 Steps involved in it
Step: 1
Here are the answers a GNE Gross National Expenditure C I G X 4...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started