Module 4 problem sets

 

An Excel template is provided for your Problem Sets please use the excel spreadsheet provided. Each problem is  presented on a separate worksheet represented by the tabs at the bottom  of the Excel worksheet.
 

You must submit only one Excel file for your Problem Sets. To  receive full credit, all work must be shown and the final answer(s) must  be highlighted in yellow, unless answers are derived from a graph  and/or tables.

Module 4 Problem Sets

Principles of Economics

Name:

Date:

Question #1

Net Exports = _________________ – _________________________.
		Answers:

Question #2

Answers:

The three members of NAFTA are _______________, __________________, and__________________________.

Question #3

Our exports of goods and services are about ____________ percent of our GDP in 2016.
									Answer:

Question #4

Answer:

The only trading bloc that has eliminated all its international tariffs is ___________________________.

Question #5

Answer:

The main concern of the labor union members who were protesting against the WTO, the IMF, and the World Bank was ___________________.

Question #6

Answer:

______________________________ measures total production in one year.

Question #7

Answers:

Per capita real GDP is found by dividing _______________________ by ______________________.

Question #8

Given the following information, calculate Net Domestic Product (NDP): GDP = $5 trillion and Depreciation = $500 billion.
	Answer:

Question #9

Answer:

If depreciation is $400 billion and NDP is $6 trillion, how much is GDP?

Question #10

Answer:

Find per capita GDP when population is 100 million and GDP is $2 trillion.

Question #11

Answer:

Find per capita GDP when GDP is $1.5 trillion and population is 300 million.

Question #12

Answer:

If real GDP goes up by 3.7-percent and the GDP deflator goes up by 1.6-percent, find the percentage change in GDP.

Question #13

Answer:

If consumption spending is $3 trillion, investment is $800 billion, government spending is $1 trillion, imports are $1.2 trillion, and exports are $900 billion, how much is GDP?

Question #14

Answer:

Over time, per capita real GDP comparisons become _____________valid.

Question #15

Answer:

GDP includes only payments for ____________________________________.