Calculate National income, personal income, and disposable income.

Q: diagram, in which Tis tax revenues and G is government expenditures. All figures are in billions of…

A: Budget deficit = G-T at full employment level of $400 billion G=60 billion and T=40 billion     1.…

Q: What is the effect that changes in business taxes, personal income, and transfer payments have on a…

A: GDP is the measure of the total value of services and goods produced within an economy during a…

Q: What is natural GDP

A: GDP(gross domestic product): It is the sum of all the final goods and services that are produced in…

Q: The income in the Economy is $2000 million and the investment Expenditure is $1100 Calculate the…

A: According to the question, we are given that:- Income = Y = $2000 million Investment expenditure = I…

Q: What distinguishes national income, GNP, and NNP

A: The total factor incomes earned and received inside the domestic economy's territory make up the…

Q: escribe the circular flow of income and discuss why GDP can be computed using either income or…

A: Macroeconomics refers to the branch of economics that deals with the performance, structure,…

Q: Discuss various methods of calculating national income.

A: National income is the total monetary value of all goods and services generated within the…

Q: Describe the national income and product accounts (NIPA).

A: GDP is an important indicator of a country's economic health, as it reflects the size of its economy…

Q: If net exports is $700 million and imports is $230 million Calculate Exports

A: The data presented in the question above is :- Net exports = $700 million Imports = $230 million…

Q: What does GDP stand for in economics? A) Gross Domestic Profit B) Gross Domestic Price C) Gross…

A: GDP refers to the total monetary value of all final goods and services that a nation produces in its…

Q: Calculate national domestic income when national consumption expenditure is $2200 million and…

A: The data presented in the question above is as follows:- National consumption expenditure = $2200…

Q: What is national income (NI)? What does NI measure?

A: "The market value of goods and services produced within an economy, in an specified period of time"…

Q: Gross Domestic Product represents...

A: The standard measurement of the value added produced via the production of both goods and services…

Q: ude? The value of goods produced domestically and sold abroad    The value of intermediate goods…

A: GDP is the total output produced in the economy which also represents income generated.

Q: If national income is $5,000 billion and disposable income is $4,000 billion, then what is personal…

A: Given: National Income (Y) = $5,000 billion Disposable income(Yd) = $4,000 billion We know,…