Consider the following table:Billions of dollarsGDP$13,300DepreciationCorporate earningsTransfer PaymentsPersonal Tax Payments1,4501,2505001,500National income (NI) equals $billion. (Enter your response as an integer.)Personal income (PI) equals $billion. (Enter your response as an integer.)Disposable personal income (DPI)equals $billion. (Enter your response as an integer.) Consider the following data for a closed economy:Y = $14 trillionC = $7 trillionG = $2 trillion= $ – 1.0 trillion%3DSpublicT= $4 trillionUse the data to calculate the following: (Enter your responses rounded to one decimal place.)a. Private saving is: $trillion.b. Investment spending is: $trillion.c. Transfer payments are: $trillion.d. The government budget balance is: $trillion and as a result the government budget is in

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Consider the following table: Billions of dollars $13,300 1,450 1,250 GDP Depreciation Corporate earnings Transfer Payments Personal Tax Payments 500 1,500 National income (NI) equals $ billion. (Enter your response as an integer.) Personal income (PI) equals $ billion. (Enter your response as an integer.) Disposable personal income (DPI)equals $ billion. (Enter your response as an integer.)

Consider the following table: Billions of dollars $13,300 1,450 1,250 GDP Depreciation Corporate earnings Transfer Payments Personal Tax Payments 500 1,500 National income (NI) equals $ billion. (Enter your response as an integer.) Personal income (PI) equals $ billion. (Enter your response as an integer.) Disposable personal income (DPI)equals $ billion. (Enter your response as an integer.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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37 - Investment expenditures: 100, Net exports: -100 Imports: 300, Direct taxes: 400, Indirect taxes: 500, Depreciations: 600, Consumption expenditures: 700, Public expenditures: 800 What is the national income value using the data?a) 400B) 500C) 900D) 1000E) 700
Question 32 Which of the following is included in net government income? social security benefits taxes factor income all of the above none of the above
16) If households pay $1,000 in interest payments and receive $1,200 in interest, wages equal S8,000, rental receipts on land are $200, total business profits before taxes are $2,200, depreciation is $1,750, and indirect business taxes are $1,000, then gross domestic income is A) S15,350. B) S13,350. C) $13,150. D) S11,400.
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2) Below is the Table showing the annual gross electricity demand (TW.h) of Turkey versus gross do product a) Draw gross domestic product versus electricity consumption and find the equation of the line by the graphical method (be careful determining the dependent and the independent variables) b) By using the equation you have found, predict the electricity demand when GDP becomes 2500 billion S. Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 GDP (billion $) 800 928 1024 1120 1094 1250 1433 1532 1691 1861 1966 2040 2186 gross annual electricity consumption (TWh) 161 175 190 198 194 210 230 242 246 257 266 279 295
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________ would be included in the gross national product of Germany. A) The wages paid to German workers producing automobiles for a Canadian company B) The profits earned by a Canadian auto company operating in Germany C) The wages paid to German workers producing automobiles for sale in Canada D) The profits earned by a German company operating in Canada E) The expenses incurred by a Canadian living
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