Answer:
$9,000
Explanation:
Step 1: Calculation of the total amount of each transaction
1. Jacques' bottles of wine = 50 × $30 = $1,500
This is an import since Jacques orders the bottles of wine from a French distributor.
2. A U.S. company textbook sales = 200 × $45 = $9,000
This is an export since a U.S. company sells the textbooks to a Canadian company.
3. Musashi's laptop = $1,500
This a consumption or domestic spending since it is a U.S. citizen that orders the laptop from a U.S. company
Step 2: Calculation of combined effect on the US national accounts this year
We use the following national accounts equation:
GDP = C + I + G + (X - M) .................................. (1)
Where;
GDP = Gross Domestic Product = ?
C = Consumption or domestic spending = $1,500
I = Investment = 0
G = Government expenditure = 0
X = Exports - $9,000
M = Imports - $1,500
(X - M) = Net Exports = $9,000 - $1,500 = $7,500
Substituting the values into equation (1), we have:
GDP = $1,500 + 0 + 0 + $7,500 = $9,000.
Therefore, the combined effect of these transactions on the US national accounts for the current year is a contribution of $9,000 to the GDP.
The combined effects of the transactions have been listed in the excel sheet below.
= Price x quantity
= 30 x 50
= $1500
= 45 x 200
= 9000 dollars
Government has no investment and purchases. Both categories are zero
consumption = Amount for laptop + import
= 1500 + 1500
= $3000
Net export = Import - export
= 9000 - 1500
= $7500
GDP = C+i+N+g = 3000+7500
= $10500
The table has been created in the attachment
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