Net exports Study guides, Class notes & Summaries
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![ECS2603 Assignment 4 Semester 2 2023 (Solutions/answers)](/docpics/3416778/64ff2874138d2_3416778_121_171.jpeg)
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ECS2603 Assignment 4 Semester 2 2023 (Solutions/answers)
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ECS2603 Assignment 4 Semester 2 2023 (Solutions/answers) 
 
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Question 1 
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Question text 
Which of the following statements with regards to inflation are correct? 
Inflation is defined as a sustained increase in the general price level. This implies that for inflation to occur, it is 
sufficient for only the price of oil to increase. 
Inflation is a sustained increase in the general price level. This means that there is an overall increa...
![Edexcel a level economics a question paper 3 june 2023 + mark scheme](/docpics/4184716/659e27e4654b9_4184716_121_171.jpeg)
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Edexcel a level economics a question paper 3 june 2023 + mark scheme
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Summer 2023 
Pearson Edexcel GCE 
In Economics A (9EC0) 
Paper 03: Microeconomics & 
MacroeconomicsEdexcel and BTEC Qualifications 
Edexcel and BTEC qualifications are awarded by Pearson, the UK’s largest awarding body. We provide a wide 
range of qualifications including academic, vocational, occupational and specific programmes for employers. 
For further information visit our qualifications websites at or . Alternatively, 
you can get in touch with us using the detai...
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A level edexcel economics a paper 3 mark scheme 2023
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Mark Scheme (Results) 
Summer 2023 
Pearson Edexcel GCE 
In Economics A (9EC0) 
Paper 03: Microeconomics & 
Macroeconomics 
Edexcel and BTEC Qualifications 
Edexcel and BTEC qualifications are awarded by Pearson, the UK’s largest awarding body. We provide a wide 
range of qualifications including academic, vocational, occupational and specific programmes for employers. 
For further information visit our qualifications websites at or . Alternatively, 
you can get in touch with us using the det...
![ECN 211 EXAM 2 ASU With Questions and Correct Answers and Complete Solutions.](/docpics/4208452/65a154b277ac6_4208452_121_171.jpeg)
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ECN 211 EXAM 2 ASU With Questions and Correct Answers and Complete Solutions.
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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...
![Econ 104, Goffe, PSU 2024 Exam Graded A+ | Verified & Updated](/docpics/4485570/65ca46ade13f0_4485570_121_171.jpeg)
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Econ 104, Goffe, PSU 2024 Exam Graded A+ | Verified & Updated
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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...
![Bloomberg Market Concepts Knowledge check | Latest 2023/2024 solutions](/docpics/643cf1c2df2a1_2612527.jpg)
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Bloomberg Market Concepts Knowledge check | Latest 2023/2024 solutions
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Bloomberg Market Concepts Knowledge check | Latest 2023/2024 solutions 
The primary of GDP --Main measure of economic activity 
8% compounded annual growth since about 1960 
In 2015, an accounting gimmick gave Ireland a 26% growth rate in GDP. what does this 
event reflect about the nature of GDP? 
-Because the GDP is official, its numbers are not subject to interpretation. 
-Governments are required to change GDP calculations every five years. 
-Inputs to GD{ are all qualitative, not quantitati...
![ECN 211 EXAM 2 ASU | 60 QUESTIONS WITH 100 % CORRECT ANSWERS | VERIFIED](/docpics/3571601/65203ad0d5edf_3571601_121_171.jpeg)
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ECN 211 EXAM 2 ASU | 60 QUESTIONS WITH 100 % CORRECT ANSWERS | VERIFIED
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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...
![BMC- Bloomberg Market Concepts (100% correct answers)](/docpics/643c49c145752_2609578.jpg)
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BMC- Bloomberg Market Concepts (100% correct answers)
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ECOW correct answers Economic data watch: finds most important data by country 
 
Essential economic indicators correct answers Economic growth 
Inflation 
Unemployment 
Business confidence 
Housing 
 
Economic growth: gdp correct answers Market value of all final goods and services produced in a country 
 
Broadest and most comprehensive barometer of economic activity 
 
GDP = C + I + G + (X-M) correct answers C= personal consumption (food) 
I= private investment (a factory) 
G=government consu...
![BMC questions with correct answers 2023 updated](/docpics/64383e0ac66b0_2591949.jpg)
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BMC questions with correct answers 2023 updated
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BMC questions with correct answers 2023 updatedECOW - correct answer Economic data watch: finds most important data by country 
 
Essential economic indicators - correct answer Economic growth 
Inflation 
Unemployment 
Business confidence 
Housing 
 
Economic growth: gdp - correct answer Market value of all final goods and services produced in a country 
 
Broadest and most comprehensive barometer of economic activity 
 
GDP = C + I + G + (X-M) - correct answer C= personal consumption (food) 
I=...
![ECN 211 : Final Exam Review questions with correct answers|100% verified|13 pages](/docpics/4950478/66141daa3fe59_4950478_121_171.jpeg)
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ECN 211 : Final Exam Review questions with correct answers|100% verified|13 pages
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ECN 211 : Final Exam Review questions with correct answers 
Real GDP is commonly used for what? Correct Answer-Short run changes. 
 
When real GDP falls, so does what? Correct Answer-- Personal income 
- Corporate profits 
- Consumer spending 
- Investment spending 
- Industrial production 
 
When the overall economy declines that is due to what? Correct Answer-- Reduction in spending in factories 
- Housing 
- Inventory 
 
When real GDP declines, what happens to the unemployment rate? Correct A...
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