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41- if you have this data : GDP= 1000 , Consumption Expenditure(C)= 400, Investment(I) = 200 , Government Expenditure( G) = 300, Exports= 150 then you can say that :

a. Net Exports = 150

b. imports = 150

c. transfer payments = 150

d. None of the above.

For the above question, then I have to check it out with the teacher concern, because I think there is some misprint in the options.



42- if you have this data : GDP= 1500 , , Investment(I) = 300 , Government Expenditure( G) = 500, Exports= 180 , import= 80 then you can say that :

a. C= 600

b. C= 500

c. N x= 360

d. All of the above.

Here, the answer should be 'a'.

Because,

GDP = C + I + G + NX (Net export)............... (Net Export = Export - Import)

So, we can re-write the above formula as

GDP = C + I + G + (Export - Import).................

now, put the values given in this formula

1500 = C + 300 + 500 + (180 - 80)

1500 = C + 800 + (100)

1500 = C + 900

So, 1500 - 900 = C, which is 600. So 'a' is correct.




43- if you have this data, Consumption Expenditure(C)=800, Investment(I) = 350 , Government Expenditure( G) =400, Exports= 150, Net Exports = 100,then you can say that :

a. import = 50

b. GDP = 1650.

c. All of the above.

d. None of the above.

Here, the answer is 'c'

Using the same formula of the above question

GDP = C + I + G + NX

GDP = 800 + 350 + 400 + 100

GDP = 1650.

Secondly,

NX = Export - Import

Therefore, put the value of net export and export in this formula

100 = 150 - Import

So, Import + 100 = 150

and Import = 150 - 100, which is = 50

So, option 'a' and 'b', both are correct. So, the correct answer will be 'c', All the above.