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nordsb [41]
3 years ago
6

Given the following information about each economy, either calculate the missing variable or determine that it cannot be calcula

ted: a. Suppose C = $20.1 billion, I = $3.5 billion, G = $5.2 billion, and NX = $-1 billion. Total income is . b. Suppose total income is $1.5 trillion, G = $0.8 trillion, and C = $1 trillion. I is . c. Suppose total expenditure is $576 billion, C = $445 billion, I = $115 billion, and G = $81 billion. Instructions: Enter your answer as a whole number. Include a negative sign if appropriate. NX is $ billion. Exports are . revised jrl 06152012
Business
1 answer:
Musya8 [376]3 years ago
8 0

Explanation:

a. Total income formula is:

Y= C+I+G+NX

Y=20.1+3.5+5.2+(-1)

Y= $27.8 billion

b. In closed economies, income is calculated with this formula:

I=Y-C-G

I= 1.5-1-0.8

I= -$0.3 trillion

In open economies, income cannot be calculated because net exports (NX) data is missing.

c. NX is

NX= 576-445-115-81

NX= -$65 billion

NX is exports minus imports, in this case imports are more than exports. To calculate exports you need imports data.

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Aleks04 [339]

Answer:

$3,000 and $35,000

Explanation:

The computations are shown below:

The depreciation expense would be

=(Original cost - residual value) ÷ (useful life)

= ($50,000 - $5,000) ÷ (15 years)

= ($45,000) ÷ (15 years)  

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In this method, the depreciation is same for all the remaining useful life

The book value would be

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= ($50,000) - ($3,000 × 5 years)

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3 years ago
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Preemption -

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3 years ago
Discuss the impact that checking merchandise has on profitability.
balandron [24]

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dexar [7]

Answer:

Increase in income= (68,000 - 16,000) - 50,000= 2,000

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