Question: Using the expenditure approach and the information shown here, which of the following is the GDP? Individual Purchases: $5billion Government purchases: $10billion Business investments: $5billion

Using the expenditure approach and the information shown here, which of the following is the GDP?

Individual Purchases: $5billion

Government purchases: $10billion

Business investments: $5billion

Imports: $5billion

Exports: $10billion

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

The Britts & Straggon company manufactures small engines at three different plants. From the plants, the engines are transported to two different warehouse facilities before being distributed to...

Q:

Using the expenditure approach and the information shown here, which of the following is the GDP? Individual Purchases: $5billion Government purchases: $10billion Business investments: $5billion...

Q:

Macroeconomics Question 7 O Mark this question Using the expenditure approach and the information shown here, which of the following is the GDP? Individual Purchases: $5 billion Government purchases:...

Q:

Which statement below corresponds to the term "Federal Reserve?" This acts as a central bank for its region of the country. The leader of this is an elected official. This directly sets all interest...

Q:

If the market price for fast food wages is $7 per hour, at which wage level would a price floor be binding? $1 $6 $15 $7 Select the equation below that corresponds to income that can be consumed,...

Q:

Question 22 Mark this question Using the expenditure approach and the information shown here, which of the following is the calculated GDP? Individual Purchases: $150billion Government purchases:...

Q:

Using the expenditure approach and the information shown here, which of the following is the calculated GDP? Individual Purchases: $150 billion Government purchases: $200 billion Business...

Q:

Using the expenditure approach and the information shown here, which of the following is the calculated GDP? Individual Purchases: $32 billion Government purchases: $200 billion Business investments:...

Q:

Using the expenditure approach and the information shown here, which of the following is the calculated GDP? Individual Purchases: $150billion Government purchases: $200billion Business investments:...

Q:

A. Which statement below is true of BOTH aggregate supply and aggregate demand? 1.They are both upward sloping curves. 2.Price level and GDP are on the two axes of the graphs. 3.They both show the...

Q:

1. Categories of expenditures Kenji and Lucia Murphy live in Swarthmore, PA. Lucia's father, Paolo, lives in Sweden. For each of the following transactions, identify whether it is included in the...

Q:

Stagnant Iron and Steel currently pays a $12.25 annual cash dividend (D0). They plan to maintain the dividend at this level for the foreseeable future as no future growth is anticipated. If the...

Q:

Heavy Load, Inc. has sales of $3,450,000, total assets of $1,240,000, and total liabilities of $275,000, which consist strictly of notes payable. The firm's operating profit margin is 16.1%, and it...

Q:

Find the derivative of the function f ( x ) = x 3 6 x . f ' ( x ) = x 3 6 x f ' ( x ) = 3 x 2 6 x l n ( 6 ) None of these f ' ( x ) = 3 x 2 6 x x 3 6 x l n ( 6 ) f ' ( x ) = 3 x 2 6 x x 4 6 x - 1

Q:

How long would it take a 2.5 micron particle with a density of 2.2 g/cm to fall 100 m in a sea level atmosphere? Assume the air temperature is 20C. 150 days 151 days 152 days 153 days 154 days 155...

Q:

Question 1 The block diagram below shows a typical control system. If the time constants of the system are t, = 1, T2 = - and T3 determine the values of K. for which the control system is stable. R C...

Q:

8. Find all the points on the curve y= 5x+ at which the tangent to the curve is parallel to tangent at (-1, 6) 9. Find f(x) * Str)- + In) b. f(x)=e"In(x+2) 10. The position ofa particle is given by...

Q:

An aqueous solution contains 0.30 M sodium nitrite. One liter of this solution could be converted into a buffer by the addition of: (Assume that the volume remains constant as each substance is...

Q:

A beaker containing water is placed on the platform of a spring balance. The balance reads 15N. A stone of mass 0.5kg and density 500 kg /m' is kept fully ). immersed in water without touching walls...

Q:

Write a program to wish happy birthday to a student. Firstly, take today month and day as an input and secondly take birthday as an input in the form of month and day. If the input day and month...

Q:

4. Think of two units of information you have received during the course of the day. Connect these two units of information and try to create completely new information that did not exist in the...

Q:

5. What do you think is meant by the phrase giving priority to what we already know?

Q:

2. You are asked to provide information to the board of the company you work for. How would you convey this information if the aim is: a) That they will remember the information for a long time. b)...