Gross Private Domestic Investment Exports of the U.S. Disposable Income Personal Saving Government Purchases Net Foreign Factor Income $46 9 190 10 84 10 52 13 12 22 Consumption of Fixed Capital Dividends Imports of the U.S. Taxes on Production and Imports Personal Taxes Social Security Contributions Statistical Discrepancy Refer to the accompanying data. All figures are in billions of dollars. The economy characterized by the data is 38 23 0

Gross Private Domestic Investment Exports of the U.S. Disposable Income Personal Saving Government Purchases Net Foreign Factor Income $46 9 190 10 84 10 52 13 12 22 Consumption of Fixed Capital Dividends Imports of the U.S. Taxes on Production and Imports Personal Taxes Social Security Contributions Statistical Discrepancy Refer to the accompanying data. All figures are in billions of dollars. The economy characterized by the data is 38 23 0

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

Gross Private Domestic
Investment
Exports of the U.S.
Disposable Income
Personal Saving
Government Purchases
Net Foreign Factor Income
$46
9
190
10
84
10
52
13
12
22
Consumption of Fixed Capital
Dividends
Imports of the U.S.
Taxes on Production and
Imports
Personal Taxes
Social Security Contributions
Statistical Discrepancy
Refer to the accompanying data. All figures are in billions of dollars. The economy characterized by the data is
38
23
0

Multiple Choice
O experiencing inflation because disposable income exceeds personal income.
O
experiencing declining production capacity because net investment is negative.
in a depression because personal income exceeds disposable income.
experiencing expanding production capacity because net private domestic investment is positive.

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I got the answer 621, but that was wrong so I’m not real sure where I derailed.
gross private domestic investment $1593 personal taxes 1113 transfer payments 1683 taxes on production & imports 695 corporate income taxes 213 personal consumption expenditures 7304 consumption of fixed capital 1393 US Exports 1059 dividends 434 government purchases 1973 net foreign factor 10 undistributed corporate profit 290 sociual security contributions 748 US imports 1483 statistical discrepency 50 Refer to the accompanying national income data (in billions of dollars) CORPORATE PROFITS are equal to?
Personal consumption expenditures in billions of dollars are
Current Account Value Exports of goods 107,941 Exports of services 44,133 Primary income receipts 36,063 Imports of goods 132,484 Import of services 29,443 Primary income payments 29,750 Net unilateral -8,349 transfers Capital account -63 Net acquisition of 20,972 financial assets Net incurrence of liabilities 54,471 Financial derivatives Statistical discrepancy Based on the table above, the balance on services is -9,853 -14,690 9,853 14,690
What would be the value of national income if net domestic product at factor cost is $39,000 and the net factor income from abroad is $12,000
What is the value for Gross Domestic Product if households receive $315 in net interest income, wages equal $10,169, rental receipts on land are $884, total business profits before taxes are $1,862, and indirect business taxes are $1,139? Assume depreciation and net foreign income are zero. Enter the value without a $ and without commas.
1. Based on this table, the Gross Domestic Product is $_______ billion.
Table 23-2 The table below contains data for the country of Crete for the year 2018. Total income Household purchases of durable goods Household purchases of nondurable goods Household purchases of non-education services Household purchases of education services Household purchases of new housing Purchases of capital equipment Inventory changes Purchases of new structures Depreciation Local government spending on goods and services State government spending on goods and services Federal government spending on goods and services Transfer payments Foreign purchases of domestically produced goods Domestic purchases of foreign goods 8. Refer to Table 23-2. What was Crete's GDP in 2018? a. $4623 b. $5731 c. $6037 d. $6839 $5731 $1108 $702 $203 $302 $816 $333 $75 $267 $401 $236 $419 $1182 $707 $217 $129 9. Refer to Table 23-2. What was Crete's consumption in 2018? a. $1810 b. $2013 c. $2315 d. $3131