GDP TableTransfer paymentsGovernment purchases32160Personal taxes76Corporate Income taxesTaxes on production and imports5630Social secunity contributions16Undistributed corporate profitsProprietors income3850Compensation of employeesPersonal consumption expendituresConsumption of fived capital516644Rents66Exports28Corporate profits140nterest64Dividends46ImportsGross private domestic investmentNet foreign factor income eamedStatistical discrepancy341262070Refer to the above data. PI is:Oa. $702.Ob. Sy28.Oe S758.od. Sy26.

In income approach: Total national income = It is the sum of rent, profit and salary.

GDP Table Transfer payments 32 Government purchases 160 Personal taxes 76 Corporate Income taxes Taxes on production and imports 56 30 Social secunty contributions 16 Unidistributed corporate profits 38 Proprietors income 50 Compensation of employees Personal consumption expenditures 516 644 Consumption of ficed capital Rents 66 Exports 28 Corporate profits 140 Interest 64 Dividends 46 Imports 34 Gross prvate domestic investment Net foreign factor income eamed Statistical discrepancy 126 20 70 Refer to the above data. PI is: Ob Sy28. Oe S758. od S26

GDP Table Transfer payments 32 Government purchases 160 Personal taxes 76 Corporate Income taxes Taxes on production and imports 56 30 Social secunty contributions 16 Unidistributed corporate profits 38 Proprietors income 50 Compensation of employees Personal consumption expenditures 516 644 Consumption of ficed capital Rents 66 Exports 28 Corporate profits 140 Interest 64 Dividends 46 Imports 34 Gross prvate domestic investment Net foreign factor income eamed Statistical discrepancy 126 20 70 Refer to the above data. PI is: Ob Sy28. Oe S758. od S26

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

GDP Table
Transfer payments
Government purchases
32
160
Personal taxes
76
Corporate Income taxes
Taxes on production and imports
56
30
Social secunity contributions
16
Undistributed corporate profits
Proprietors income
38
50
Compensation of employees
Personal consumption expenditures
Consumption of fived capital
516
644
Rents
66
Exports
28
Corporate profits
140
nterest
64
Dividends
46
Imports
Gross private domestic investment
Net foreign factor income eamed
Statistical discrepancy
34
126
20
70
Refer to the above data. PI is:
Oa. $702.
Ob. Sy28.
Oe S758.
od. Sy26.

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Personal Consumption Expenditures Government Purchases Gross Private Domestic Investment Net Exports Net Foreign Factor Income Consumption of Fixed Capital Taxes on Production and Imports Compensation of Employees Rents Interest Proprietors Income Corporate Income Taxes Dividends Undistributed Corporate Profits Statistical Discrepancy Refer to the accompanying national income Multiple Choce $520 SEZE $400 128 7 .. 43 369 12 BARBERT 15 52 24 22 figures are in billions of dollars. Net domestico
Question: What is the aggregate of the gross balances of primary income of all resident institutional units knows as?[A] Gross domestic Product[B] Gross national product[C] Gross National income[D] Net national productPlease Don't use chatgpt or other ai tool. If you know correct answer then attempt if you gave wrong answer then i gave 13 dislikes for you and more from my friends accounts also.
C and D
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The table shows items of income and expenditure in an economy in 2016 Calculate this economy's GDP in 2016. GDP in this economy in 2016 equals bilion Hem Wages paid to labour Consumption expenditure Net domestic income at factor cost Investment Goverment expenditure Not exports Depreciation Billions of dollars 203 792 457 187 270 -31 314
Component Value ($bil) Component Value (Sbil) Consumption 680 Government outlays 300 Business Fixed Investment 90 Government purchases 220 Residential Investment 40 Labor income 520 Inventory stock, 12/31/22 160 Capital income 260 Inventory stock, 12/31/23 150 Net income of foreigners 40 Imports 140 Taxes, subsidies, and transfers 120 Exports 120 Depreciation 70 For each of the following calculations, show your work! a) Compute net exports (X) and investment (1) for this country. b) Use the spending approach to compute GDP (Y) for this country. c) Use the equation Y-C-G to compute national saving (S) for this country. How does it relate to your answer to part a? d) Briefly discuss how this country's spending components, as proportions of GDP , compare with the US in a recent year. e) Use the income approach to compute GDP for this country. Given your answer to part b, what is the size of the statistical discrepancy?