Y c i g nx - Study guides, Class notes & Summaries

UGBA 101b EXAM 1 REVIEWEndogenous variables - correct answer variables that a model tries to explain Exogenous variables - correct answer autonomous factors that come from outside a theoretical model or system and that cannot be explained by the system GDP - correct answer Y = C + I + G + NX G includes - correct answer spending on goods and services: for example - purchases of trains/installation of subway rail. G excludes - correct answer transfer payments (unemployment) bc they do ...

ECN 211 EXAM 2 ASU With Questions and Correct Answers and Complete Solutions. GDP is - ANSWER value of all final goods and services produced within a country in a given period of time. Y = C + I + G + NX - ANSWER Y = economy's total expenditure C = consumption in economy I = imports in economy G = government spending NX = net exports Net exports equal - ANSWER exports minus imports CPI is used to - ANSWER monitor changes in the cost of living over time Inflation rate - ANSWER percentag...

ECN 211 EXAM 2 ASU QUESTIONS WITH CORRECT ANSWERS GDP is CORRECT ANSWER value of all final goods and services produced within a country in a given period of time. Y = C + I + G + NX CORRECT ANSWER Y = economy's total expenditure C = consumption in economy I = imports in economy G = government spending NX = net exports

Econ 104, Goffe, PSU 2024 Exam Graded A+ | Verified & Updated GDP -Answer-the market value of all FINAL goods and services produced in a country during a period of time. GDP equation -Answer-GDP(Y)=C (consumption) + I (investments) +G (gov purchases) +NX (net exports) Consumption -Answer-expenditures made by households (excluding the purchase of a new house) Investment -Answer-Final goods and services purchased by business firms (equipment for production and new buildings), changes in i...

GDP is - value of all final goods and services produced within a country in a given period of time. Y = C + I + G + NX - Y = economy's total expenditure C = consumption in economy I = imports in economy G = government spending NX = net exports Net exports equal - exports minus imports CPI is used to - monitor changes in the cost of living over time Inflation rate - percentage change in the price level from the previous period Indexation refers to - using a law or contract to automatica...

GDP is CORRECT ANSWER value of all final goods and services produced within a country in a given period of time. Y = C + I + G + NX CORRECT ANSWER Y = economy's total expenditure C = consumption in economy I = imports in economy G = government spending NX = net exports Net exports equal CORRECT ANSWER exports minus imports CPI is used to CORRECT ANSWER monitor changes in the cost of living over time Inflation rate CORRECT ANSWER percentage change in the price level from the prev...

What is the key macroeconomic difference between open economies & closed economies? Write the national income accounts identity for an open economy? Rewrite the national income accounts identity, solving for net exports. What do positive net exports imply and what do negative net exports imply about a country's output versus its domestic spending? correct answers key difference is that in an open economy a country spending in any given year does not equal its output of goods and services a coun...

Y is Ans: GDP C is Ans: consumption I is Ans: investment G is Ans: Government expenditure NX is Ans: net export NX equals Ans: export - import (NX = X-M) GDP Equation Ans: Y = C + I + G + NX Value added approach GDP Ans: market value of all final goods and services produced within a country in a given period of time (FINAL MARKET VALUE is the orange juice itself, NOT the oranges and ingredients that make it) Inventory - goods produced to be sold are Ans: investments Nominal...

ECN 211 EXAM 2 ASU Questions with Complete Solutions 100% Verified GDP is - Correct Answer value of all final goods and services produced within a country in a given period of time. Y = C + I + G + NX - Correct Answer Y = economy's total expenditure C = consumption in economy I = imports in economy G = government spending NX = net exports Net exports equal - Correct Answer exports minus imports CPI is used to - Correct Answer monitor changes in the cost of living over time Infl...

ECN 211 EXAM 2 ASU With Questions and Correct Answers and Complete Solutions. GDP is - ANSWER value of all final goods and services produced within a country in a given period of time. Y = C + I + G + NX - ANSWER Y = economy's total expenditure C = consumption in economy I = imports in economy G = government spending NX = net exports Net exports equal - ANSWER exports minus imports CPI is used to - ANSWER monitor changes in the cost of living over time Inflation rate - ANSWER percenta...