Answered step by step
Verified Expert Solution
Question
1 Approved Answer
hello these are macroeconomics questions can someone please help me with my homework thank you so much all the information is provided i appreciate it
hello these are macroeconomics questions can someone please help me with my homework thank you so much all the information is provided i appreciate it so much thank you
Consider the following hypothetical data for the Canadian economy in 2012 (all amounts are in billions of dollars). Assume any unstated values are zero. Category Value Consumption $365 Government spending 390 Gross private domestic investment 172 Exports 158 Imports 94 Depreciation (CCA) 26 Indirect business taxes 27 a. Based on the data, calculate the following values: (Enter your responses as integers) i. Calculate GDP: $|billion. ii. Calculate NDP: $|billion. iii. Calculate NNI: $ billion. b. Suppose that in the next year, exports increase to $183 billion, imports increase to $194 billion, and gross consumption falls to $315 billion. What will GDP be in that year? $ billion. c. If the value of depreciation (capital consumption allowance) should ever exceed that of gross private domestic investment, how would this affect the future productivity of the nation? Future productivity would increase be unaffected decreaseStep by Step Solution
There are 3 Steps involved in it
Step: 1
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