1. Given the following national income and product accounts data, compute I, NX, NI, PI, DI,NNP, GNP, and GDPDepreciationAmount of national income not going to householdsCompensation of employeesCorporate profitsDividendsExportsGovernment consumption and gross investmentImportsIndirect taxes minus subsidiesNet business transfer paymentsNet interestNet private domestic investmentPersonal consumption expendituresReceipts of factor income from the rest of the worldPersonal income taxesProprietors' incomePayments of factor income to the rest of the worldRental incomeStatistical discrepancySurplus of government enterprises3.12,5322005 489.42006 505.7 12,7462007 526.713,0112008 553.0 13,2752009 565.8 13,5032010 563.12011 553.5 13,7571,215The following table provides information about Canadian economy for a seven-yearperiod, given 2006 is the base year.Year Real GDP Labor force Unemployed Employed Unemployment Population(Billions) (Thousands) (Thousands) (Thousands)Rate(millions)(%)10.4611,0311,0181,1091,41711,2211055112,48512,57212,3401,4071614913343314737112424901,377223921684321-15989.5328.8397.5398.10625.225.325.625.926.226.627.0A. Fill in the missing values in the table.B. Calculate the percentage change in real GDP between 2007 and 2008. Compare this valuewith the percentage change in employment in this period. Do the same analysis for thetwo-year period 2010-11.C. Does there appear to be a positive or negative relationship between real GDP andemployment for these two periods.D. Between 2009 and 2010 the unemployment rate increased while employment increased.How is this possible?E. Calculate the value of real GDP per capita for 2005 and 2011.

1. Given the following national income and product accounts data, compute I, NX, NI, PI, DI, NNP, GNP, and GDP Depreciation Amount of national income not going to households Compensation of employees Corporate profits Dividends Exports Government consumption and gross investment Imports Indirect taxes minus subsidies Net business transfer payments Net interest Net private domestic investment Personal consumption expenditures Receipts of factor income from the rest of the world Personal income taxes Proprietors' income Payments of factor income to the rest of the world Rental income Statistical discrepancy Surplus of government enterprises 105 51 1,407 161 49 133 433 147 371 12 42 490 1,377 22 392 168 43 21 -15 98

1. Given the following national income and product accounts data, compute I, NX, NI, PI, DI, NNP, GNP, and GDP Depreciation Amount of national income not going to households Compensation of employees Corporate profits Dividends Exports Government consumption and gross investment Imports Indirect taxes minus subsidies Net business transfer payments Net interest Net private domestic investment Personal consumption expenditures Receipts of factor income from the rest of the world Personal income taxes Proprietors' income Payments of factor income to the rest of the world Rental income Statistical discrepancy Surplus of government enterprises 105 51 1,407 161 49 133 433 147 371 12 42 490 1,377 22 392 168 43 21 -15 98

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Answer i, ii, iii
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Answer (iv) & (v) only.
A country’s private consumption is 30, government spending is 7, investment is 5, net factor income from abroad is 2, GDP is 45. The country’s gross national disposable income is 46. the country’s gross national income is 47. the gross national expenditure is 42 and the Current account is 4. The country sent abroad 2 and received 1 of unilateral transfers. The rest of the world claims 100 of debt from the country above. This is a stock variable. The country lends at 4% and borrows at 3%. These are rates of change of stocks. Use this information combined with one of the flow variables describing the country’s international transactions to find the stock of what the world owes this country. Note: no workers worked across the border. No wages flowed in, none flowed out. Is the country from the previous question rich or poor? Does it enjoy the exorbitant privilege? In what important way is this country’s stock and flow of investment different from the US?
Using the method introduced in the video calculate Net National Product. Show answer choices $6,565 $6,665 $6,765 $6,865\table[[ Dollar Values], [Durable Goods, $150 Durable Goods Services Consumption Depreciation Investment Government Purchase Exports Income Receipts from the rest of the world Nondurable Goods Net Exports Income payments to the rest of the world Dollar Values $150 $900 $1,300 $250 $3,150 $2,800 $2,000 $35 $250 -$350 $20
QUESTION 5 5. You are given the following information about an economy: $millions GDP at Market Prices 1,,669.4 290.5 Imports Gross Domestic Capital Formation Income accruing to the Public Sector Retained Business Earnings 48.7 39.0 75.9 273.4 Exports Subsidies 16.8 Factor Payments from Abroad Capital Consumption Allowance 10.0 10.5 19.2 Income Payments to Foreigners Direct Taxes Public Sector Consumption Expenditure Indirect Taxes Transfer Payments 355.6 490.1 297.3 25.7 Derive the following: (i) (ii) National Income Net Investment Personal Income Disposable Income Household Consumption Expenditure
Personal consumption expenditures in billions of dollars are
Current Account Value Exports of goods 107,941 Exports of services 44,133 Primary income receipts 36,063 Imports of goods 132,484 Import of services 29,443 Primary income payments 29,750 Net unilateral -8,349 transfers Capital account -63 Net acquisition of 20,972 financial assets Net incurrence of liabilities 54,471 Financial derivatives Statistical discrepancy Based on the table above, the balance on services is -9,853 -14,690 9,853 14,690
Calculate exports of firm A if its value added is $5000 million, domestic sales is $3200 and purchase made by firm A is $1000
Given the above graph, what are the imports and exports for this country? a- It imports 25 computers and exports 275 shoes b- It exports 25 computers and imports 275 shoes c- It imports 125 computes and exports 350 shoes d- It exports 125 computes and imports 350 shoes
Solve part 4 and part 5 only typed answer
I’m not understanding how to come up with this answer. A little explanation would be great!