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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.