In a given year, an economy has consumption of $4000, investment of $2000, government purchases of $1500,

Fantastic news! We've Found the answer you've been seeking!

Question:

In a given year, an economy has consumption of $4000, investment of $2000, government purchases of $1500, exports of $500, imports of $600, taxes of $1200, transfer payments of $400, and depreciation of $300. What is the GDP?

Related Book For answer-question

Macroeconomics

ISBN: 978-0132991339

5th edition

Authors: Stephen d. Williamson

See More Books

Posted Date: Jan 18, 2024 07:29 AM

See More Questions

A company's current revenue is $15,264 per year. Because new competitors have entered the market, It expects this to decrease by $3,882 per year over the next 13 years. What is the new EUAB if their...
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
PnG Limited is a retail company that offers all qualifying customers 60 days credit, with a 10% settlement discount on invoices settled within 30 days of the invoice date. The company made sales to...
Seth borrows X for ten years at an annual effective interest rate of 4%, to be repaid with equal payments at the end of each year. The outstanding loan balance at the end of the eighth year is...
Journalize the following transactions. Assume the perpetual inventory system. 201X Apr. 5 Sold merchandise for $1,250 cash. The cost of the merchandise was $850. 16 Made refunds to cash customers for...
Wedding Planners Limited (WP), owned by Anne and Francois Tremblay, provides wedding planning and related services. WP owns a building (the Pavilion) that has been custom-made for hosting weddings....
What are the differences between functionalist and conflict theories of social stratification?
(Stock Dividend, Cash Dividend, and Treasury Stock) Mask Company has 30,000 shares of $10 par value common stock authorized and 20,000 shares issued and outstanding. On August 15, 2010, Mask...
List and describe the phases of the Labor Relations process.? Who are the participants in the labor relations process?
Macarrys Bicycle Company makes and sells high-quality bicycles, primarily to larger North American bicycle retail outlets and to some wholesalers for smaller retail shops. They have several models,...
Comment on post: Week 2 : DQ OD Models, Ladder of Inference and Double Loop Learning What do the Ladder of Inference and Double Loop Learning challenge us to do/caution us against when using...
Samples of five cans are to be selected periodically from a canning process that has a standard deviation (o) of 0.2 ounces when in control. What will the standard devia- tion in the sampling...
What role do you think race should play in the formation of adoptive families? What about the sexual orientation of the parents?
A certain product can weigh no more than 1.001 and no less than 0.998 ounces by design. A machine being considered to produce this product has natural standard deviation of 0.0004 ounces in its...
Five cans are measured from the recent output of a high-speed bottling line. The weights of each of these cans are 12.23, 12.55, 12.01, 12.26, and 12.17 ounces. What is the range in this sample of...
Give two reasons why modal analysis should be used before using numerical integration of the convolution integral. Regarding the derivation of modal analysis for a system with a general damping...
The unadjusted trial balance of Packer Corporation showed the following balances at the end of its first 12-month fiscal year ended August 31, 2015:
Design a circuit which negative the content of any register and store it in the same register.
Suppose, in the New Monetarist model, that there is deficient financial liquidity. If the fiscal authority were to engineer a tax cut, financed by an increase in the quantity of government debt, with...
Suppose that a country experiences destruction of part of its capital stock. Suppose also that the capital stock plays a role as collateral in credit contracts, so that the destruction of capital...
Suppose that the economy is in a long-run equilibrium where the inflation rate is greater than the optimal rate i*, and then the central bank acts to reduce the inflation rate to i*. (a) Suppose that...
For the conditions of Sample Problem 5/17, determine the angular acceleration of $A C$ and the acceleration of $A$ relative to the rotating slot in $\operatorname{arm} O D$. Problem 5/17, The...
Aircraft $B$ has a constant speed of $150 \mathrm{~m} / \mathrm{s}$ as it passes the bottom of a circular loop of 400-m radius. Aircraft $A$ flying horizontally in the plane of the loop passes...
Examples of random variables used in this chapter included (a) the sex of the next person you meet, (b) the number of times a wireless network fails, (c) the time it takes to commute to school, (d)...

In a given year, an economy has consumption of $4000, investment of $2000, government purchases of $1500,

Question:

Expert Answer:

In this case C 4000 I 2000 G 1500 X 500 M ... View the full answer

Macroeconomics

Students also viewed these economics questions