You are an analyst at Heys International Luggage. Your output last year of Carbon-X luggage sets was 100,000 sets, basedon estimates that sales would equal 100,000 at an average price of $56.84. Heys International tries to maintain inventory at10,000 sets. Actual sales of the luggage last year were 105,000. Considering only this result:aggregate expenditure was equal to GDP.aggregate expenditure was less than GDP.aggregate expenditure was greater than GDP.aggregate expenditure is always equal to GDP, so these sales results are irrelevant.2 of 25>مدЯнират ИРИНАРИ А

Given that actual sales of the luggage last year were 105,000 sets, which is higher than the output…

Answered: You are an analyst at Heys…

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section7.2: The Expenditure Approach To Computing Gdp For A Real World Economy

Problem 2ST

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You are an analyst at Heys International Luggage. Your output last year of Carbon-X luggage sets was 100,000 sets, based on estimates that sales would equal 100,000 at an average price of $56.84. Heys International tries to maintain inventory at 10,000 sets. Actual sales of the luggage last year were 105,000. Considering only this result: aggregate expenditure was equal to GDP. aggregate expenditure was less than GDP. aggregate expenditure was greater than GDP. aggregate expenditure is always equal to GDP, so these sales results are irrelevant. 2 of 25 > Яншират ИРИНАРИ
Determine which expenditure(s) are included in the 2023 Gross Domestic Product (GDP) of Harrisonville. Correct Answer(s) Drag appropriate answer(s) here $500 million in road construction by state governments of Harrisonville Press Space to open $900 million in pharmaceutical products exported from Harrisonville to Murrayville Press Space to open a home built in 1974 valued at $ 750,000 Press Space to open businesses purchase $500 million on equipment and materials to produce future output Press Space to open $80 million in Social Security payments from the government to individuals Press Space to open $250 million expenditure for coffee beans from the central highlands of Peru Press Space to open $300 million in food and clothing purchases.
Calculate consumption expenditure given that:- APC = 0.16 Income = $5000
Year GDP Disposable Income Consumption Imports 2036 $1050 $840 $830 $111 What is the marginal propensity to import? 2037 $1000 $800 $800 $100 Round to two decimal places. If your answer is 0.064 (i.e., 6.4%) enter .06. If your answer is 0.065 (i.e., 6.5%) enter .07. Do not forget to enter the negative sign, if appropriate.
The gross domestic product (GDP) of Country A is $2 trillion in year 1. What value of investment will increase its GDP to $4.5trillion in year 2? (present your result in the nearest billion dollars, i.e., no decimal places) Assume that the average disposable income and consumption (in real $) of this country's citizen are provided in the table below. Year Income Consumption 1 60,000 50,000 64,726 51,259
An equation for Aggregate Expenditure is: AE = $3600 + 0.8Y, In equilibrium, Income 'Y' = Aggregate Expenditure 'AE'. Solve for Y
In the country of Marzipana, disposable income in Year 1 was $56,000 million and in Year 2 was $60,000 million: It has been observed that each time disposable income changes in this country by $100, consumption changes by $70. Using this information compute the change in consumption from Year 1 to Year 2. A)Consumption increased by $2,800 million in Year 2. B)Consumption decreased by $2,800 million in Year 2. C)Consumption increased by $5,714 million in Year 2. D)Consumption increased by $4,000 million in Year 2. E) Consumption decreased by $4,000 million in Year 2.
Observe the graph between Total expenditure and National income. Choose among the following which choice is TRUE for point E that Effective Demand? National income and national output are not related National income is less to the national output National income is equal to the national output National income is greater than the national output
The Government of Bangladesh plans to administer 280 million doses of COVID-19 vaccine in the coming two years. Most of these vaccines will be imported from India, and other countries. Suppose, the cost of importing each dose of this vaccine is taka 10. What do you think the effect of this massive vaccine procurement have on Bangladesh's GDP? GDP will increase by taka 2,800 million (2.8 billion) GDP will increase by more than taka 2,800 million GDP will not change, or change minimally GDP will fall by taka 2,800 million O O
In the future report of U.S. Gross Domestic Product (GDP) for Quarter 1 of 2023, which of the following would not be an example of an expenditure that would contribute to an increase in the level of GDP in Q1 of 2023? [note: focus on the direct impact of each of the choices below] Group of answer choices U.S. household spending on home appliances increases by 0.5% in 2023:Q1 Business investment spending on industrial equipment rises by 2% in 2023:Q1 U.S. Federal government interest payments rise by $120 billion in 2023:Q4 U.S. consumer spending on domestic air travel increases by 8% in 2023:Q1. None of the choices listed because all would contribute to an increase in real GDP in 2023:Q1.
a) About Country A, what is your estimate of the country's marginal propensity to consume (MPC) based on the following information on its GDP (Y) and the components thereof (in billion dollars) for two past years? Show calculation. Year 1 Year 2 c) GDP C I 11200 8000 2200 12000 8500 2400 G 800 880 The next few parts are about Country B, whose government plans to cut taxes by $24 billion as a measure to fight the current recession. The marginal propensity to consume (MPC) in Country B is known to be 34. There will be no crowding-out effect. e) NX 200 220 b) What is the initial effect (in billion dollars) of the tax cut on Country B's aggregate demand? (The "initial effect" here refers to the effect on AD after only the first round of increased spending.) What is the total effect of the tax cut on aggregate demand? Explain why it is different from the initial effect. d) How does the total effect of this $24 billion tax cut compare to the total effect of a $24 billion increase in…
When real GDP is zero, investment is $2.0 trillion, government expenditure is $1.5 trillion, exports are $1.5 trillion, and consumption expenditure is zero. Aggregate expenditure (trillions of 2012 dollars) 7.0- Draw a line that shows autonomous expenditure. Label it A. 6.0- What is consumption expenditure minus imports, which varies with real GDP called? 5.0- O A. actual expenditure 4.0- O B. domestic expenditure O C. aggregate expenditure 3.0- O D. induced expenditure 2.0- 1.0- 0.0+ 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 Real GDP (trillions of 2012 dollars) >>> Draw only the objects specified in the question. Click the graph, choose a tool in the palette and follow the instructions to create your graph. 20 000 000 DII DD esc F1 F2 F3 F4 F5 F6 F7 F8 F9 F10 F11 23 $ & 1 2 4 7 8 Q W E P tab T

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