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Author Question: The Components of GDPIn a small economy, nominal GDP is $12,000. Consumption spending is $8750, ... (Read 112 times)

ega16

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on: Nov 23, 2022

Question 1

GDP and its Calculation


Stage of ProductionSellerBuyerPrice
                  1FarmerMiller$0.35​
                  2MillerBakery2.25​
                  3BakeryConsumer5.00​
Refer to the table. Consider the table showing three stages of production of a loaf of bread. The value of each loaf of bread in gross domestic product equals ________.
◦ $4.65
◦ $5.00
◦ $2.40
◦ $7.60

Question 2

The Components of GDP

In a small economy, nominal GDP is $12,000.  Consumption spending is $8750, government purchases are $2100, and gross private domestic investment is $1800. What is the value of net exports?
◦ -$650
◦ $4850
◦ $16,850
◦ $650
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by ega16 on Nov 23, 2022

Kevin5!

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ega16

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

peter

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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