Homework GDP in 2016 1 Given the following data in billions of current dollars What is the level of government spending in the calculation of
Homework GDP in Given the following data in billions of current dollars What is the level of government spending
Homework GDP in Given the following data in billions of current dollars What is
the following data in billions of current dollars What is the level of government spending in the calculation of
Homework GDP in Given the following data in billions of current dollars
What is the level of government spending in the calculation of
Homework GDP in Given the following data in billions
Homework GDP in Given
(Homework) GDP in 2016 1. Given the following data (in billions of current dollars), - What is the level of government spending in the calculation of...

Category:
Words:
Amount: $25
Writer: 0

Paper instructions

(Homework) GDP in 2016 1. Given the following data (in billions of current dollars), - What is the level of government spending in the calculation of GDP ? - What is the level of investment ? - What is the level of net exports ? - Calculate the level of gross domestic product. Consumption spending $8,000 Social security payments 500 Income tax receipts 1,000 Exports 1,500 Business purchases of new factories and equipment and changes in inventories 1,800 Federal government spending on goods and services 600 Construction of new homes 500 State and local government spending on goods and services 1,300 Changes in inventories (-100) Imports 1,800 Wages 6,000 2. If nominal GDP has increased by 8 percent and inflation is 1 percent, what has happened to real GDP? 3. If nominal GDP decreases by 1 percent and real GDP increases by 3 percent, what has happened to the average price level? 4. If gross domestic product (nominal GDP) increases by 1 percent over a year, are we better off? Why or why not? 5. If consumers begin to purchase automobiles manufactured in the Saudi Arabia instead of those manufactured abroad, what will happen to real GDP? 6. Why are wages and profits not included in the calculation of gross domestic product (GDP) in this homework?

Answer

Get Essay Answer
1,200,000+ Questions
Satisfaction guaranteed