Gross domestic product equals

Assignment Help Business Economics
Reference no: EM132294791

Gross Domestic Product equals $1700 trillion. If consumption equals $620 billion, investment equals $180 billion, and government spending equals $340 billion. By how much do the exports exceed the imports (in billion of dollars).

Reference no: EM132294791

Questions Cloud

Develop the project Cost Management Plan : PMCPCU4 Manage Budgets, Project Costs and Financial Plans Assignment - Managing Project Costs, College for Adult Learning, Australia
Examine the role of the nurse in promoting health : MNAHT1AN2 ADULT NURSING Assignment - Examine the role of the nurse in promoting health. Explore briefly any medical/pharmacological interventions
Entry to the firm and competition : Review consumer surplus and producer surplus; what happens to consumer surplus is price is above equilibrium, or in this case above normal profits?
Linear and upward-sloping and a demand curve : Eggs have a supply curve that is linear and upward-s1oping and a demand curve that is linear and downward-sloping.
Gross domestic product equals : Gross Domestic Product equals $1700 trillion. If consumption equals $620 billion, investment equals $180 billion, and government
When might it be best to use the dreamliner : The world's largest passenger plane (Airbus) has proven to be the most expensive plane ever developed but Airbus claims its fuel efficiency
How much does it cost in us dollars : Interpret the current exchange rate between the U.S. and the Euro (so if an item costs 10 Euros, how much does it cost in U.S. Dollars?)
Slow growth in the domestic housing market : It is predicted that Australia's GDP will fall below 3% in 2019; Australia's slow growth is not only because of a slow growth in the domestic housing market
Face a downward sloping curve : If two exact same stores opened next to each other (who knows why!), would they still be monopolistic and face a downward sloping curve

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd