Calculate net exports - Study guides, Class notes & Summaries

Econ 102 Exam Questions with 100% Correct Answers circular flow - aggregate production=aggregate earnings= aggregate spending supply= demand at aggregate level GDP - total market value of all final market goods and services nationally within a yr. Consumption expenditures, private investment expenditures, gov. purchases, net exports Steps from GDP to income - start with national and subtract corporate profits, subtract all taxes on production imports and social insurance, add any perso...

Econ Final Exam Review: Nisha Aroskar Questions and Answer 100% Pass What is economics? -Answer-Science of making choices, science of scarcity What is scarcity? -Answer-Limited resources to satisfy unlimited human wants What are the factors of production and their rewards? -Answer-Land = rent Labor = wages Capital = interest Entrepreneur = profit What is opportunity cost? -Answer-The value of the next best alternative given up What is Production Possibilities Frontier? -Answer-Graph tha...

Macroeconomics Exam Questions With 100% Correct Answers What is GDP? - answer(gross domestic product) the total dollar value of all final goods and services produced within the country's borders in a given year. Important features of GDP: - answerdollar value goods and services final products, within a country's borders, and in a given year 4 categories of spending: - answerconsumption investment government purchases Xnet (net exports) Suppose a house is built and sold in the year ...

AQA A-level ECONOMICS 7136/2 Paper 2 National and International Economy Question Paper + Mark scheme [MERGED] June 2022 IB/M/Jun22/E5 7136/2 Time allowed: 2 hours Materials For this paper you must have: • an AQA 12-page answer book • a calculator. Instructions • Use black ink or black ball-point pen. Pencil should only be used for drawing. • Write the information required on the front cover of your answer book. The Paper Reference is 7136/2. • In Section A, answer EI...

Allen Jabber invested $400 at the beginning of the last 12 months in the shares of a mutual fund that paid no dividends. Which Method will he correctly choose to calculate his average price per share from the monthly share prices? a) Arithmetic Mean b) Harmonic Mean c) Geometric Mean - Answer- Harmonic Mean - The harmonic mean of the 12 purchase prices will be his average price paid per share. Colonia has 2 political parties, the Wigs and the Wags. If the Wags are elected there is a 32% ...

Economics Vocabulary Latest 2023 100% Correct Land natural resources used to make goods and services Labor the effort people devote to a task for which they are paid Capital any human-made resource that is used to produce other goods and services Physical capital buildings and tools. Human capital: the knowledge and skills a worker gains through education and experience Opportunity cost the most desirable alternative given up as the result of a decision Economic Continuum a range with no cl...

CFA Level 1 Test Questions 42 Questions with Answers Allen Jabber invested $400 at the beginning of the last 12 months in the shares of a mutual fund that paid no dividends. Which Method will he correctly choose to calculate his average price per share from the monthly share prices? a) Arithmetic Mean b) Harmonic Mean c) Geometric Mean - CORRECT ANSWER Harmonic Mean - The harmonic mean of the 12 purchase prices will be his average price paid per share. Colonia has 2 political partie...

ECON 248 Assignment 1 (version A) latest exam study review solution update fall winter 2022 Athabasca University This assignment has a maximum total of 100 marks and is worth 10 percent of your total grade for this course. You should complete it after completing your coursework for units 1, 2, and 3. Answer each question clearly and concisely. 1. Use the data below to answer the questions that follow. (10 marks) Item Amount (in billions of dollars) Consumption expenditure 300 Govern...

Chapter 2 World Trade and the International Monetary System Notes to instructors: Answers to non-numeric multiple choice questions are arranged alphabetically, so that answers are randomly assigned to the five outcomes. True/False 1. Markets are integrated when an asset sells for the same price wherever it is traded. True. 2. The world’s financial markets are becoming increasingly segmented as large international commercial banks achieve more and more economic power. ...

ECON 248 - Economics 248 Assignment 1 (version B) new version for final exam review solution 2022 Athabasca University This assignment has a maximum total of 100 marks and is worth 10 percent of your total grade for this course. You should complete it after completing your coursework for units 1, 2, and 3. Answer each question clearly and concisely. 1. Suppose you are given the following data for the economy of Xanadu. • Government expenditure: $30 billion • Aggregate income: $90 bil...