Question
In: Economics
Compile data on US GDP for the year 2017. Using this data, create a circular flow...
Compile data on US GDP for the year 2017. Using this data, create a circular flow map of the US.
Solutions
Expert Solution
GDP measures the total value of all final goods and services produced in a given economy in a year.In 2017, GDP in US was $19,519,400million.In 2017 Q4 GDP was 4,979,728 M;in Q3 2017GDP was 4,902,926M;in Q2 2017 GDP was 4,839,162M;in Q1 GDP was 4,797,608M. The GDP per capita was $60,000..
The GDP can be represented by the circular flow
diagram as flow of income going in one direction and expenditure
going in opposite direction .Households buy goods and services from
businesses and busineses buy resources from household.The circular
flow diagram shows the income and expenditure approach to calculate
national income.
Rahul Sunny answered 1 year agoRelated Solutions
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Using the following free cash flow data: Year Cash Flow 2017 $4,000,000
Using the following free cash flow data:
Year
Cash Flow
2017
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2018
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Calculate the net present value of the forecasted cash flows
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Please show your work so I can recreate in
excel
circular flow of income and how it is affected in 2020 and is the US economy...
circular flow of income and how it is affected in 2020 and is the
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Using the circular flow model, explain the flow of money and
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3. The lesson we learned from the circular flow model was the
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Net investment 110Income earned but not
received60
Depreciation 30Income received but not earned70
Exports 50Personal income taxes50
Imports 30Employee Compensation 455
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Consumption400Rental income 20
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a. Present the data on a table
b. Calculate the real GDP for all countries and present the data
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c. Calculate the growth rate of real GDP and...
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Analyze the pharmaceutical industry industrial organization using the Circular Flow Model?
Using the circular flow of income model, supported by a diagram, show the effect on an...
Using the circular flow of income model, supported by a diagram,
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Word Limit: 200 words
CASE STUDY BELOW
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