7. The following is information from the national income accounts for Ensperanza Island, a country on the Zambezi Ocean. Figure 1.1 Ensperanza Island GDP к 000 Gross Investment K800 Net Investment к200 Consumption К4000 Government Purchases of goods and services K1100 Government Budget surplus K30 Use the information in figure 1.1 to answer the following question. Calculate: (i) NDP (ii) Net Exports (iii) Government taxes minus transfers? (iv) Disposable personal income?

7. The following is information from the national income accounts for Ensperanza Island, a country on the Zambezi Ocean. Figure 1.1 Ensperanza Island GDP к 000 Gross Investment K800 Net Investment к200 Consumption К4000 Government Purchases of goods and services K1100 Government Budget surplus K30 Use the information in figure 1.1 to answer the following question. Calculate: (i) NDP (ii) Net Exports (iii) Government taxes minus transfers? (iv) Disposable personal income?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Refer to the information provided in Table Table $Billions 625 Compensation of employees Proprietors' income Corporate profit 70 50 Net interest 40 Rent al income 15 Deprecation Indirect taxes 90 35 Direct taxes 60 Subsidies 10 Payments of factor income to the rest of the world Receipts of factor income from the rest of the world 25 20 If GNP is $625 billion and depreciation is $125 billion, then net national product is Select one: a. $750 billion b. $500 billion C. $700 billion d. $5 billion
Real GDP $0 10 40 70 100 130 160 Consumption Gross (after taxes) Investment Net Exports $10 $+5 10 +5 10 +5 10 +5 10 +5 10 +5 10 +5 -$20 0 20 40 60 80 100 O Refer to the table. A decrease in government purchases of $5 would Multiple Choice decrease real GDP by $5. decrease real GDP by $15. increase real GDP by $5. Government Purchases $15 15 15 15 15 15 15 increase real GDP by $10.
1. Explain the difference between (1) the demand for domestic goods and (2) the domestic demand for goods.
Consider the following data for a particular economy: GDPmp = 950 Private consumption = 750 Gross investment = 100 Net investment = 80 Exports = 250 Imports = 300 Net Indirect taxes = 50 Net external income = 100 Balance of transfers with the Rest of the World = 50 Private savings = 300 Calculate: a) NNPbp (Net National Product) and Current balance. Interpret the result obtained. b) Public savings and Totaltaxes net of Gov. transfers. Interpret the result obtained.
Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. (2) Aggregate Expenditures, Output (GDP = DI), Private Closed Economy, Billions (6) Aggregate Expenditures, Open Economy,. (5) Net Exports, (1) Real Domestic (3) Еxports, (4) Imports, Billions Billions Billions Billions Billions $300 $340 $30 $10 350 380 30 10 400 420 30 10 450 460 30 10 500 500 30 10 550 540 30 10 600 580 30 10 650 620 30 10 Net exports = $ billion Equilibrium GDP = $ billion d. What is the multiplier in this example?
36- : What is the name of the expenditures made independent of income level? a) Autonomous export B) Autonomous spending NS) Total expenditure D) Autonomous investment TO) Autonomous import
Question 22 Which of the following is included in the government purchases category of gross domestic product (GDP)? a) payments to people in the military O b) Social Security payments Oc) welfare payments d) interest on the national debt payments to unemployed workers
1. Consumption = 13,309 Exports = 2,316 Government purchases = 3,331 Saving = 6,607 Government budget deficit = 4,000 Imports = 2.883 %3D a. What is gross domestic product? GDP = b. What is investment? c. What is disposable income? Yd =. d. What is the level of government transfers minus taxes?
6. Expenditures and Income Approaches Consumption Expenditures Wages Taxes on Production and Imports Government Purchases Statistical Discrepancy Imports Undistributed Corporate Profits Rent Proprietor's Exports Dividends Depreciation Income Interest Gross Private Domestic Investment Corporate Income Taxes Corporate Profits Net Foreign Factor Income $69000 $76000 $16000 $58000 $11000 $47000 $14000 $42000 $15000 $34000 $22000 $24000 $31000 $41000 $18000 $54000 $17000 Complete parts a and b. a. Given the numbers above, solve for Real GDP using the expenditures approach. Given the numbers above, solve for the National Income (NI). b.
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18. Deriving net exports By definition, net exports from Japan are equal to exports from Japan minus imports into Japan. In a hypothetical two-country world, imports into Japan are equal to exports from the United States. So the value for net exports from Japan is equal to exports from Japan minus exports from the United States. Graphically, at each exchange rate, the value for net exports is the horizontal distance from U.S. exports to Japanese exports. Use the graph input tool to answer the following questions. You will not be graded on any changes you make to this graph. (Note: To avoid dealing with decimal places, this calculator reports the price of yen in terms of dollars per 1,000 yen. That is, the price on the vertical axis is the dollar price of a 1,000-yen note instead of a single yen. As you have already seen, a price of 8 dollars per 1,000 yen is the same as 125 yen per dollar. Once you enter a value in a white field, the graph and any corresponding amounts in each grey…