MC Qu. 27-218 (Algo) The following are national income account... The following are national income account data for a hypothetical economy in billions of dollars: gross private domestic investment ($320), imports ($35), exports ($45), personal consumption expenditures ($2,460), and government purchases ($470). What is Net Exports in this economy? 10 points Multiple Choice ebook O 80 billion O 10 billion O 45 billion O 35 billion2 MC Qu. 27-58 (Algo) Refer to the accompanying data (all... Government Purchases $15 Personal Consumption 100 10 Gross Investment 29 points Consumption of Fixed Capital 5 ( depreciation) Exports B eBock Imports 12 Refer to the accompanying data (all figures in billions of dollars). GDP is Multiple Choice O $144. O $140. O $148. O) $120.3 MC Qu. 27-44 (Algo) Suppose that GDP was... Suppose that GDP was $300 billion in year 1 and that all other components of expenditures remained the same in year 2 except that business inventories increased by $15 billion. GDP in year 2 is 10 points Multiple Choice eBook O 300. O 315 O 285. O 3104 MC Qu. 26-124 (Algo) Suppose a family's income increases by... Suppose a family's income increases by 3 percent at the same time that inflation is 0 percent. Then the 10 points Multiple Choice eBook O family will spend the same amount as they did last year to purchase the same goods and services. O family's standard of living will decrease. O purchasing power of their income will decrease. O purchasing power of their savings will decrease by 3%.5 Gross Private Domestic Investment $1, 593 Personal Taxes 1, 113 Transfer Payments 1, 683 Taxes on Production and Imports 595 Corporate Income ! Taxes 213 10 points Personal Consumption Expenditures 7, 304 Consumption of Fixed Capital 1,393 US Exports 1, 059 Dividends 434 eBook Government Purchases 1,973 Net Foreign Factor Income 10 Undistributed Corporate Profits 250 Social Security Contributions 748 US Imports 1, 483 Statistical Discrepancy 50 Refer to the accompanying national income data (in billions of dollars). Corporate profits are equal to Multiple Choice O $897. O $647. O $887. O $684.6 MC Qu. 26-166 (Algo) Refer to the graphs. Which... 10 $1200 points Price $1000 EBOOK $600 D3 0 300 500 650 0 500 Computers Per Week Computers Per Week A B Refer to the graphs. Which of the following best represents a negative demand shock when prices are inflexible? Multiple Choice O the shift from 02 to D1 in graph A O the shift from D2 to D1 in graph B O the shift from D2 to D3 in graph A O the shift from D2 to D3 in graph B7 MC Qu. 26-10 (Algo) Harry's Pepperoni Pizza Parlor produced 10,000.. Harry's Pepperoni Pizza Parlor produced 10,000 large pepperoni pizzas last year that sold for $10 each. This year Harry's produced 10,000 large pepperoni pizzas (identical to last year's pizzas) but sold them for $12 each. Based on this information, we can conclude that Harry's production of large pepperoni pizzas 10 points Multiple Choice eBOOK O increased nominal GDP. O did not change nominal GDP. O decreased real GDP. O increased real GDP.8 MC Qu. 27-19 (Algo) Arthur sells $100 worth of cotton... Arthur sells $100 worth of cotton to Bob. Bob turns the cotton into cloth, which he sells to Camille for $300. Camille uses the cloth to make prom dresses that she sells to Donita for $700. Donita sells the dresses for $1,200 to kids attending the prom. The total contribution to GDP of this series of transactions is 10 points Multiple Choice ebook O $500. O $1,100. O $2,300. O $1,200.9 MC Qu. 27-22 (Algo) Assume that a manufacturer of stereo... Assume that a manufacturer of stereo speakers purchases $20 worth of components for each speaker. The completed speaker sells for $70. The value added by the manufacturer for each speaker is 10 points Multiple Choice eBook O $70. O $50. O $20. O $1,400. O $90.10 MC Qu. 27-33 (Algo) If in some year gross investment... If in some year gross investment was $240 billion and net investment was $130 billion, then in that year the country's capital stock 10 points Multiple Choice eBook O increased by $130 billion. O decreased by $110 billion. O may have either increased or decreased. O increased by $110 billion