Bonus Question: Based on the table below, calculate National income and then GDF using the income approach as per the table below: Description Billions of dollars Compensation of employees 800 Corporate profits 200 Statistical discrepancy 70 Rental Income 400 200 Depreciation 20 Profits of government enterprises 120 Proprietor's income

Bonus Question: Based on the table below, calculate National income and then GDF using the income approach as per the table below: Description Billions of dollars Compensation of employees 800 Corporate profits 200 Statistical discrepancy 70 Rental Income 400 200 Depreciation 20 Profits of government enterprises 120 Proprietor's 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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gross private domestic investment $1593 personal taxes 1113 transfer payments 1683 taxes on production & imports 695 corporate income taxes 213 personal consumption expenditures 7304 consumption of fixed capital 1393 US Exports 1059 dividends 434 government purchases 1973 net foreign factor 10 undistributed corporate profit 290 sociual security contributions 748 US imports 1483 statistical discrepency 50 Refer to the accompanying national income data (in billions of dollars) CORPORATE PROFITS are equal to?
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1. Calculate the per capita value for each situation to two decimal places. a)Number of new cars sold in Ontario in 2017: 312 000. Number of Ontario drivers: 1 200 00 b) Gross federal government debt in 2017: $618 790 000 000.Canada's population: 33 100 00 Gini Index for Ontario, 1995–2005 2. The graph shows the Gini Index for Ontario, 50 which is a measure between 0 and 100 of the 45 degree of inequality in the distribution of 40.0 39.6 39 2 40 37.7 38.2 income. A Gini Index of close to 0 indicates 39.1 39.2 39.4 35 that most members of the population receive close to the same income. A Gini Index of close to 100 indicates that a few people in the population receive most of the income. 25 20 a) By what factor has the index changed from 3 15 1995 to 2005? 10 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 Year b) What was the percent change in the Gini Index from 1995 to 2004° 3. A study stated that 85% of Canadian college graduates 22 to 24 years of age are employed…
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