Thank you for visiting According to the full aggregate expenditures model if investment is 5 trillion government spending is 2 trillion exports are 1 trillion savings are 4 trillion. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
The Imports of the given expenditures model are $2 trillion.
How do you find imports in economics?
- Imports are the products and services that citizens of a nation choose to purchase over goods and services made in that nation.
GDP = C + I + G + X – M
- C = Consumer expenditure.
- I = Investment expenditure.
- G = Government expenditure.
- X = Total exports.
- M = Total imports.
- The nominal export/import value of items published in the Trade Statistics of Japan is divided by the BOJ's Export/Import Price Index to determine the real export/import figures. Exports and imports reflect changes in the real value of exports and imports and are modified to account for the impact of price changes.
- An import is an item or service that is purchased outside of its nation of origin. International trade is made up of imports and exports.
Given data :
AE represents the amount of spending that occurs in an economy.
AE = C + I + G + NX + M
14 = 4 + 5 + 2 + 1 + M
M = 14 - 12 = 2
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