Calculate the Gross National Product from the Data Below:Consumption Expenditures:Wages and salaries:(Gross Private) Investments Expenditures:Government Expenditures:$1900 billion$1150 billion$1200 billion$1500 billionTaxes:$1000 billionImports:$1350 billionExports:$1600 billionIncome earned by domestic residents from overseas$1900 billionIncome earned by foreign residents from domestic investments $1340 billionAnswer:

GDP is the gross domestic product. GDP is defined as the market value of all the final goods and…

Answered: Calculate the Gross National Product…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Dollar Amount Item Durable goods Nondurable goods Services Fixed investment Inventory investment Government purchases Exports (Billion Dollars) 220 400 700 130 20 500 110 Imports 150 Capital consumption allowance 20 Compensation of employees 700 Proprietors' income 480 Corporate profits Rental income Income earned from the rest of the world Income earned by the rest of the world 200 200 200 40 Indirect business taxes 80 Statistical discrepancy 30 Undistributed corporate profits 20 Social insurance taxes 80 Corporate profits taxes Transfer payments Personal taxes Net interest 30 50 80 20 Complete the following table by calculating GDP, NDP, national income, personal income, disposable income, and net exports. Item Dollar Amount (Billion Dollars) GDP NDP $ National income $ Personal income $ Disposable income Net exports If purchases of new capital goods are $90 billion, then purchases of new residential housing are equal to $ billion.
Is each of the following sets of variables positively or negatively related? a. Domestic income and imports: (Click to select) b. Domestic income and net exports: (Click to select) c. Foreign income and net exports: [(Click to select) d. The exchange rate value of the dollar and net exports: (Click to select) (Click to select) Positively related Negatively related
Gross domestic product is The monetary value of all final goods and services produced in a year The total value of all final goods and services that are meant for international trade The total value of all goods and services produced only by private companies in a year The monetary value of all final goods and services produced in a year adjusted to account for depreciation
Below is a list of domestic output and national income figures for a certain year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches. Category Billions Category Personal consumption expenditures $285 Net exports Billions 11 Net foreign factor income 4 Dividends 16 Transfer payments 12 Compensation of employees 263 Rents 14 Taxes on production and imports 18 Statistical discrepancy 8 Undistributed corporate profits 21 Consumption of fixed capital (depreciation) 27 Personal taxes 26 Social Security contributions 20 Corporate income taxes 19 Interest 13 Corporate profits 56 Proprietors' income 43 Government purchases 82 Personal saving 30 Net private domestic investment 33 Instructions: Enter your answers as a whole number. a. Using the above data, determine GDP by both the expenditures approach and the income approach. Then determine NDP. GDP using the expenditures approach = $…
Suppose that Poland had exports of $100 billion in 2014 and imports of $150 billion. What were its net capital flows in that year? Give two examples of transactions that are part of the net capital flows of Poland, and indicate whether they enter the sum as positive numbers or negative numbers.
Attached is a table, please use that to answer these: 1998 Gross Domestic Product Answer (Remember to show work): 2028 Personal Consumption Expenditures Answer (Remember to show work): 2008 Gross Private Domestic Investment Answer (Remember to show work):
URGENT
Find the value added by a firm given that:- Domestic sales by firm = $5500 Exports by firm = $2000 Purchase by firm = $3000
Calculate the value of consumption of fixed capital National income = $4000 GDPMP = $5000 Net indirect tax = $300 Net factor income from abroad = $200 All values are in million
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
I got the answer 621, but that was wrong so I’m not real sure where I derailed.
If net exports are $30 million and imports are $113 million Find the value of exports

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