Goverment spendingSocial Security contributionsCorporate taxesPersonal income taxesRentWages231Consumption expenditures250Gross Private Domestic Investment 40Select one:50205854OA. 228.B. 155.301.84.Using the above table, the Personal Income (Pl) for the country isO C.D.ProfitIndirect business taxesImportsExportsInterestDepreciationGove mment transfer payments8953565281010

Personal income determines the national level income for individuals and nonprofit corporations. It…

Goverment spending Social Security contributions Corporate taxes Personal income taxes Rent Wages 50 20 5 8 54 231 Consumption expenditures 250 Gross Private Domestic Investment 40 Profit Indirect business taxes Imports Exports Interest Depreciation Govemment transfer payments Using the above table, the Personal Income (PI) for the country is 295358 10 10

Goverment spending Social Security contributions Corporate taxes Personal income taxes Rent Wages 50 20 5 8 54 231 Consumption expenditures 250 Gross Private Domestic Investment 40 Profit Indirect business taxes Imports Exports Interest Depreciation Govemment transfer payments Using the above table, the Personal Income (PI) for the country is 295358 10 10

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Household purchases of education services AED108,720 Household purchases of new housing AED293,760 Purchases of capital equipment AED119,880 Inventory changes AED27,000 Purchases of new structures AED96,120 Local government spending on goods and services AED84,960 State government spending on goods and services AED150,840 Federal government spending on goods and services AED425,520 Transfer payments AED254,520 Foreign purchases of domestically produced goods AED78,120 Domestic purchases of foreign goods AED46,440 Household purchases of durable goods AED398,880 Household purchases of nondurable goods AED252,720 Household purchases of non-education services AED73,080 Current account Balance AED96,840 GDP Net Transfers GNP Complete table 3 by calculating the GDP, Net transfers and GNP.
Calculate the net value added at market price with the following:- Sales = 1400 Change in stock = 40 Depreciation = 80 Net indirect taxes = 100 Purchase of machinery = 300 Purchase of intermediate product = 800
Personal Taxes Social Security Contributions Rents Taxes on Production & Imports Corporate Income Taxes Interest Proprietors' In come Transfer Payments Dividends Compensation of Employees Exports Undistributed Corporate Profits Government Purchases Net Private Domestic Investment Imports Personal Consumption Expenditures Consumption of Fixed Capital (Capital Depreciation) Net Foreign Factor Income Corporate Profits Statistical Discrepancy $ Billions 35 15 28 31 20 31 26 52 43 16 320 45 36 55 35 25 395 45 10 83 -14 a. With the data above, clearly show your steps including the economic variables involved and calculate: 1. Gross Domestic Product (by any approach of your choice). Interpret your estimated GDP value. 2. National Income (by any approach of your choice). Interpret your estimated national income value. 3. Personal Income. Interpret your estimated personal income value.
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.
4) Mitsven Surfboard Inc. is a company in San Diego that shapes and sells surfboards. In 2018 their accounts were as follows: total revenues $150,000; cost of inputs $75,000; wages paid to employees $35,000; profits to owner $25,000, taxes paid by company $5,000. The building and the equipment used for production are property of the company, and no new building or new equipment was purchased in 2018. The value added produced by Mitsven Surfboard Inc. in 2018 was A. $150,000 B. $75,000 C. $65,000 D. $10,000 Answer: 5) Consider the accounts of Mitsven Surfboard Inc. described in question 4). Applying the income approach to GDP that we have studied in class, the depreciation (or consumption) of fixed capital for the company in 2018 was A. Zero. B. $10,000 C. $65,000. D. $75,000 Answer:
Labor Income, Tax Pald, and Average Tax Rate Individual Samantha Charles Amanda Young Labor Income (dollars) $45,000 60,000 80,000 105,000 Tax Paid (dollars) $100 100 100 100 Instructions: Round your answers to 2 decimal places. Average Tax Rate (percent) de dese % de
I’m having trouble answers these two questions because I understand them I just need the formula to answer! Thank you, need answer for I) and II).
Taxes unrelated to incomes net of any non-income-related subsidies(nonincome expense item) $1,200 Gross Corporate Profits plus Proprietors' Income $2,140 Rental Income (including implicit rents) $175 Net Interest $650 Depreciation (nonincome expense item) $1,775 Wage and Salary Income $8,200 According to the above table, Gross Domestic Product is Part 2 A. $12,115 B. $14,140. C. $13,965. D. $13,315.
d. Does the total flow of money out of households- the sum of taxes paid, consumer spending, and private savings-equal the total flow of money into households? e. How does the government finance its spending?
In January 2013, Lindsay's Lawn Service (LLS) had equipment valuing $11000. During 2013, LLS bought 3 new riding mowers for a total price of S9000. In December of 2013, the value of LLS's equipment equaled $17500. What was LLS's gross investment in 2013? What was LLS's net investment in 2013? What was LLS's depreciation in 2013? %24 %24