calculate operating surplus and net exports wages and salaries 2400 domestic income 4000 gross domestic fixed capital formation 1000 mixed income of self employed 400 private final consumption expenditure 2000 net factor income from abroad 200 net indirect taxes 150 government final consumption expenditure 1000 consumption of fixed capital 100 profit 500 change in stock 100

calculate operating surplus and net exports wages and salaries 2400 domestic income 4000 gross domestic fixed capital formation 1000 mixed income of self employed 400 private final consumption expenditure 2000 net factor income from abroad 200 net indirect taxes 150 government final consumption expenditure 1000 consumption of fixed capital 100 profit 500 change in stock 100

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter3: Demand And Supply

Section: Chapter Questions

Problem 47CTQ: Agricultural price supports result in governments holding large inventories of agricultural...

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Agricultural price supports result in governments holding large inventories of agricultural products. Why do you think the government cannot simply give the products away to poor people?
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e the information in the table to answer the folowing qustiona. Al numbers are in bilions of 2012 dolars Govermment Purchases (G) $2.00 $2.500 $2.500 $2.500 $2.500 Pianned investment ( $1.000 Net Exports (NK) Real GOP (Y) Consumption (C) $12.000 $13.000 $14,000 $15.000 $10.000 $9.500 $10.250 $1.000 -$500 -$500 -5500 -$500 -$500 $1.000 $1,000 S11,750 $1.000 $12.500 $1.000 The equibrum level of GOP is S bilion The MPC is (snter your reaponse to two decimal places) Suppose that net exporta increase by $200 blion. Using the multiplier formua, determine the new level of GOP. AS200 bilon increase in net exports leads to a change in spending of S bilion, so the new level of GDP wi be billon