Question: Answer fillings and everything please Consumption is the largest and most stable component of GDP Net Exports represents the foreign component of GDP When Government

Answer fillings and everything please

Consumption is the largest and most stable component of GDP Net Exports represents the foreign component of GDP When Government Spending |increases, Consumption usually declines. This phenomenon is known as |crowding out QUESTION 2 Suppose that the government purchases $50 million worth of computers from China. Which of the following GDP accounts will be affected? O Consumption O Investment O Government Purchases O Net Exports QUESTION 3 Using the data below, what is the value of Nominal GDP for the current year? base year current year Q Q Basketballs $5.71 20 $3.16 40 Baseballs $6.29 20 $4.90 |10 Round to two (2) decimal places if necessary QUESTION 4 Using the data below, what is the value of Real GDP for the current year? base year currentyear Q Q Basketballs $3.40 20 $9.53 40 Baseballs $9.55 20 $6.29 10 Round to two (2) decimal places if necessary

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