7) The following table gives categories for income and expenditures for a representative country: Net exports of goods and services Net interest paid by business Government purchases of goods and services Gross private domestic investment Taxes unrelated to incomes net of subsidies -550 440 1650 2200 440 Rental income of individuals plus implicit rent on owner-occupied housing 220 Wages, salaries, employee compensation 6600 Personal consumption expenses 7700 Depreciation Proprietorial income Corporate profits 880 1100 1080

7) The following table gives categories for income and expenditures for a representative country: Net exports of goods and services Net interest paid by business Government purchases of goods and services Gross private domestic investment Taxes unrelated to incomes net of subsidies -550 440 1650 2200 440 Rental income of individuals plus implicit rent on owner-occupied housing 220 Wages, salaries, employee compensation 6600 Personal consumption expenses 7700 Depreciation Proprietorial income Corporate profits 880 1100 1080

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 22RQ: If imports exceed exports, is it a trade deficit or a trade surplus? What about if exports exceed...

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Please assist with iv and v only
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Referring to the table below, fill in the missing data for the country of Birchwood. Expenditures Consumption Gross investment Government spending Net exports Gross domestic product at market prices Less depreciation Less indirect taxes (net of subsidies) Net domestic product at basic prices +/- Net foreign factor income Net national product at basic prices 370 115 190 90 40 60 -45 Search Compensation of employees Gross operating surplus Gross mixed income Taxes less subsidies on production Indirect taxes (net of subsidies) Gross domestic income at market prices Incomes Less depreciation Less indirect taxes (net of subsidies) Net domestic income at basic prices +/- Net foreign factor income (Net) national income Add transfer payments Less undistributed profit Less corporate profit tax Less other income items Personal income Less personal income taxes Disposable income Savings Consumption 7 of 14 Next > 370 -45 130 40 40 30 210 470 90 50 60 40 60
Referring to the table below, fill in the missing data for the country of Birchwood. Expenditures Consumption Gross investment Government spending Net exports Gross domestic product at market prices Less depreciation Less indirect taxes (net of subsidies) Net domestic product at basic prices +/-Net foreign factor income Net national product at basic prices 370 115 190 90 40 60 -45 Incomes Compensation of employees Gross operating surplus Gross mixed income Taxes less subsidies on production Indirect taxes (net of subsidies) Gross domestic income at market prices Less depreciation Less indirect taxes (net of subsidies) Net domestic income at basic prices +/-Net foreign factor income (Net) national income Add transfer payments. Less undistributed profit Less corporate profit tax Less other income items i Personal income Less personal income taxes Disposable income Savings Consumption 470 86858 90 50 60 370 40 60 -45 130 40 40 30 210 27
Refer to Table 1. The value for GDP in billions of dollars isA) 950.B) 1,030.C) 1,050.D) 1,110
Consumption $500Government Expenditures $200GNP $800Gross Private Domestic Investment $100Imports $100Exports $50 Questions:1. Using the data above, GDP is equal to __________________.2. Using the data above, Net Exports is equal to _____________.
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Only questions iv and v to be answered please.
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 3. 12,532 2005 489.4 2006 505.7 12,746 2007 526.7 13,011 2008 553.0 13,275 2009 565.8 13,503 2010 563.1 2011 553.5 13,757 1,215 The following table provides information about Canadian economy for a seven-year period, given 2006 is the base year. Year Real GDP Labor force Unemployed Employed Unemployment Population (Billions) (Thousands) (Thousands)…
Given the following information: Millions $ Import of goods and services 298.00 Gross Investment 50.80 Subsidies 16.50 Gross domestic product at market prices 1,660.70 Export of goods and services 270.30 Income payments to foreigners 19.20 Government consumption expenditure 500.10 Indirect taxes 290.50 Factor payments from abroad 8.90 Capital consumption allowance 12.00 Derive the following showing all calculations: i) National Income ii) Net Investment iii) The size of the Balance of Payments surplus or deficit
based on the information in the table and your cxalculations for question #1 and anycountries have a positive net exports