The GDP of the U.S. in 2014 was around $17.4 trillion. This means Lütfen birini seçin: O A. that total spending on final goods and services in the U.S. in 2014 was around $17.4 trillion. O B. none of the answers. O C all of the answers. OD that the value of output in the U.S. in 2014 was around $17.4 trillion. OE that total income in the U.S. in 2014 was around $17.4 trillion.

The GDP of the U.S. in 2014 was around $17.4 trillion. This means Lütfen birini seçin: O A. that total spending on final goods and services in the U.S. in 2014 was around $17.4 trillion. O B. none of the answers. O C all of the answers. OD that the value of output in the U.S. in 2014 was around $17.4 trillion. OE that total income in the U.S. in 2014 was around $17.4 trillion.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

See similar textbooks

Similar questions

billions of dollars Personal consumption expenditures 500 Gross private domestic investment 400 Social Security payments to households 60 Federal government purchases of goods and services 100 State and local government purchases of goods 200 Imports 180 Net exports |-50
Use the table below to calculate disposable personal income. Disposable personal income equals: dollars in billions 30 dollars Exports Imports Gross investment Net foreign factor income Social security taxes Personal taxes Indirect business taxes in billions 49 69 100 190 550 65 Net non-business interest income Corporate retain ed carnings Net interest 20 200 Government transfer payments Govermment purchases Personal consumption Depreciation 37 92 44 10 Select one: O A. $776 billion O B. $693 billion O C. $773 billion O D. $717 billion
Ceteris paribus, which of the scenarios below will unambiguously lead to an increase in real GDP? O a. The production of final goods and services decreases, but prices increase. O b. The prices of final goods and services decrease. O c. The prices of final goods and services increase. O d. The production of final goods and services increases. ge
During the recession of 2007-2009 in the United States, relative to potential GDP. Select one: O a. net export spending rose and consumption spending declined Ob. business fixed investment spending rose and net export spending declined O c. consumption spending rose and residential construction spending declined O d. federal government purchases rose and changes in business inventories declined
Between 2017 and 2018, the exports of the X economy decreased by $5 billion and its imports increased by $5 billion. All else equal? By how much has the GDP changed between the two years? Select one: a. The change in net exports will decrease GDP by $5 billion. O b. The change in net exports will decrease GDP by $10 billion. C. d. The change in net exports will increase GDP by $5 billion. O e. The decrease in exports is offset by the decrease in imports, so there is no change in net exports and no effect on GDP.
In the economy of Talikastan in 2015, exports were $200, GDP was $2000, government purchases were $200, imports were $270, and investment was $500. What was Talikastan's consumption in 2015? O a. $1230 b.$1770 Oc. $1370 d.5830
Which of these items will increase the level of national income? O a. Higher gross output b. Lower net factor income from abroad O c. Higher intermediate consumption O d. Higher depreciation
According to the BEA, in the second quarter of 2012 state and local government spending on goods and services changed by -1.4 percent. Using the expenditure approach, this change leads to Select one: a. a decrease in gross private domestic investment. O b. no change in GDP because only federal government expenditures are included in GDP. Oc. a decrease in government expenditure on goods and services. d. no change in GDP because state and local government expenditure is always canceled out by federal government expenditure. Next pa
If imports are €100 million less than exports, government purchases are €500 million, consumer expenditures are €1 billion, and gross investment spending is €500 million, then GDP is O €2 billion. O €2.1 billion. O €1 billion. O €1.9 billion.
Item Consumption expenditure. Investment Government expenditure on goods and services Exports of goods and services Imports of goods and services 8. Based on the data in the table, what does GDP equal? O $11,183 billion O $11.023 billion O $11.103 billion O $12.393 billion Billions of Dollars 8180 1520 1403 1290 1370
In a closed economy, what will an increase in government spending without an equivalent increase in tax revenue lead to? O a. A decrease in private saving and a decrease in investment O b. A decrease in public saving and a decrease in the quantity of investment O c. An increase in private saving and an increase in investment O d. An increase in public saving and an increase in investment cross out cross out cross out cross out
When do net exports of goods and services increase? Net exports of goods and services increase when O A. investment increases B. government expenditure on goods and services increases C. exports of goods and services increase and imports of goods and services increase O D. exports of goods and services decrease but imports of goods and services decrease by more than exports dec ▶