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22. A firm known only as "The Company" is considering s an investment (Ig) of $4 million in Research & Development. This $4 million is approximately the amount that "The Company" has been investing on expansion and new facilities for the past five years. According to the economic theory we've studied thus far, if "The Company" decides to go ahead with the investment again this year, the impact on the macro economy (ceteris paribus) would A. have a negative impact since it is the wrong time to expand and build new facilities. B. increase equilibrium GDP by about $4 million. C. increase equilibrium GDP by a multiple of $4 million. D. tend to push the level of GDP closer to full employment. 23. Suppose that the result from the change in equilibrium GDP described in the previous question equals $12 million. Use the information from the question above to calculate the multiplier. A. 4 B. 5 C. 3 D. 1 23A. SHOW YOUR WORK for Question 23. 24. If an economy such as the United States sells more goods and services to the rest of the world than it purchases from the rest of the world, then the U.S. has a A. trade deficit. B. budget deficit. C. trade surplus D. budget surplusUSE THIS DATA FOR THE NEXT 4 QUESTIONS REMEMBER what makes up the components of GDP. Durable Goods 900 Services 1200 Nonresidential investment 300 Research & Development 175 Federal purchases of goods 500 Imports 650 Exports 400 Change in business inventories -25 State & local purchases of goods 200 Nondurable goods 700 Residential investment 50 Business purchase of Capital goods 100 18. Consumption equals: A. 3450 B. 1200 C. 1600 D. 2800 SHOW YOUR WORK for Question 18. 19. Gross Private Domestic Investment equals: A. 600 B. 625 C. 425 D. 100 SHOW YOUR WORK for Question 19. 20. Net Exports equals: A. 250 B. -250 C. 1050 D. -25 SHOW YOUR WORK for Question 20. 21. Government Purchases equals: A. 500 B. 300 C. 700 D. -700 SHOW YOUR WORK for Question 21