Dollar AmountItemDurable goodsNondurable goodsServicesFixed investmentInventory investmentGovernment purchasesExports(Billion Dollars)22040070013020500110Imports150Capital consumption allowance20Compensation of employees700Proprietors' income480Corporate profitsRental incomeIncome earned from the rest of the worldIncome earned by the rest of the world20020020040Indirect business taxes80Statistical discrepancy30Undistributed corporate profits20Social insurance taxes80Corporate profits taxesTransfer paymentsPersonal taxesNet interest30508020Complete the following table by calculating GDP, NDP, national income, personal income, disposable income, and net exports.ItemDollar Amount(Billion Dollars)GDPNDP$National income$Personal income$Disposable incomeNet exportsIf purchases of new capital goods are $90 billion, then purchases of new residential housing are equal to $billion.

Gross domestic product (GDP) is a measure of the economic performance of a country. It represents…

Answered: Dollar Amount Item Durable goods…

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 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
$Millions GDP at market prices 1,669.4 Imports 290.5 Gross domestic Capital Formation 48.7 Income Accruing to the public Sector 39 Retained Business Earnings 75.9 Exports 273.4 Subsidies 16.8 Factor Payments From Abroad 10 Capital Consumption Allowance 10.05 Income Payments to Foreigners 19.2 Direct Taxes 355.6 Public Sector Consumption Expenditure 490.1 Indirect Taxes 297.3 Transfer Payments 25.7 calculate the following: a) disposable income b) Household Consumption expenditure
If GDP is $200, income earned by foreign investments is a credit gain of $22, income paid to foreigners is a debit loss of $28, losses from derivatives are $6, and net transfers abroad is a debit loss of $10, calculate Gross National Product (GNP) a) $184 b) $178 c) $194 d) $140 e) $204
Expenditures for consumer goods and services Exports Government purchases of goods and services Social Security taxes Net investment Indirect business taxes Imports Gross investment Corporate income taxes Personal income taxes Corporate retained earnings Net foreign factor income Government transfer payments to households Net interest payments to households $4,565 $740 $1,465 $510 $225 $520 $825 $865 $185 $750 $45 $20 $690 $0 Table 5.1 National Income Accounts (dollar figures are in billions) On the basis of Table 5.1, personal income is $5,620 billion. $5,790 billion. $6,530 billion. $6,445 billion.
What challengers are hospital managers likely to encounter while making efficient use of health resources
GDP at market prices R397bn Net primary income payments to the rest of the world R37bn Indirect taxes R23bn Subsidies R11b Calculate the value of net national product (NNI) at market prices.
NATIONAL INCOME DATA (in current prices) 1992 III Personal consumption expenditures Gross private domestic investment Government purchases of goods and services 01. Based on this table, the Gross Domestic Product is $ (in billions of dollars) Exports Imports Capital consumption allowance (depreciation) Source: Survey of Current Business, Vol. 72, Number 10, (October 1992), p. 8, 10 billion. 4,105.0 776.9 1,122.5 626.8 664.2 697.3
Find the value added by a firm given that:- Domestic sales by firm = $5500 Exports by firm = $2000 Purchase by firm = $3000
If National income is $1300 million, net factor income from abroad is $500 million Find the value of net domestic product at factor cost
GDP minus depreciation is the formula used to calculate a- Net national product b- Gross natioal Product c- Gross Domestic Product d- Natioal income
The table contains a random selection of items from the National Account of a country. Item UDD (Million) Compensation of Employees 500 Corporate Profit 250 Rental Income 200 Net Interest 150 Proprietor’s Income 95 Transfer payment 100 Corporate tax 80 Depreciation 50 Private Investment 1,000 Personal income tax 20 Employees Provident Fund 50 Net factor income abroad 400 Calculate the: 1. Net domestic product at factor cost 2. Gross domestic Product at factor cost 3. National Income 4. Personal income 5. Disposal Personal income.
The table below contains data for country A for the year 2010. Household purchases of durable goods Household purchases of nondurable goods Household purchases of services Household purchases of new housing Purchases of capital equipment Inventory changes Purchases of new structures Depreciation Salaries of government workers Government expenditures on public works Transfer payments Foreign purchases of domestically produced goods Domestic purchases of foreign goods $1293 $1717 $301 S704 $310 $374 S611 $117 $1422 $553 $77 S88 $120 1. Refer to Table 23-2. What was country A's GDP in 2010? 2. Refer to Table 23-2. What was country A's consumption, investment, govemment purchases, and net exports in 2010?

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