Find the following, assuming that government investment is zero: (a.) Consumption (b.) Net exports (c.) GDP (d.) Net factor payments from abroad (e.) Private saving (f.) Government saving (g.) National saving
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- Consider the following data (in billion $) for a country in a particular year: (assume this country has Zero Transfer Payment Personal consumption expenditure (C) 200 Exports (x) 10 Government Purchases of goods and services (G) 120 Imports (m) 15 Gross Domestic Product (Y) 1800 Taxes 20 d. What is the value of gross investment? e. What is the value of net export? f. Is the country lending to or borrowing from rest of the world? g. Dose the government has deficit, balance or surplus budget? h. What is the amount of investment financed by national saving? i. What is the amount of investment financed by borrowing from rest of the world? J. What is the meaning of transfer paymentThe following are the National Income Account data of the Philippines (figures are in Billions of Pesos). 17 Merchandise Imports Personal Consumption Expenditure Net Factor Income from Abroad Capital Consumption allowance Merchandise Exports Transfer Payments 217 7 15 19 32 Net Private Domestic Investment 8 Indirect Business Taxes 39 Personal Taxes 4 Social Insurance Contributions 10 Undistributed Corporate Profits Dividends 15 Government Expenditure 51 Corporate Income Tax 11 Calculate the Gross private domestic investment. Calculate the Net exports. Calculate the Gross Domestic Product. Calculate the Corporate profits.9:22 KB/S f Topic 1.pptx 5. You are given the following information about an economy: Gross private domestic investment = 40 Government purchases of goods and services = 30. Gross national product (GNP) = 200 Current account balance = -20 Taxes = 60 Government transfer payments to the domestic private sector = 25 Interest payments from the government to the domestic private sector = 15 (Assume all interest payments by the government go to domestic households.) Factor income received from rest of world = 7 Factor payments made to rest of wor = 9 Find the following, assuming that government invest- ment is zero: a. Consumption b. Net exports c. GDP d. Net factor payments from abroad e. Private saving f. Government saving g. National saving the fellowing infermalion, Calulate GF ablo Income'ad lriveate Sawing: Conqerplion 4 Soo -6,300 ensilios of Empleyees eh lerron.
- Refer to the table given. The value for gross private domestic investment in billions of TL i. .. TL Billions Government purchases Services consumption Receipts of factor income from the rest of the world Nonresidential investment Exports Durable goods consumption Change in business inventories Imports Nondurable goods consumption Payments of factor income to the rest of the world Residential investment 1000 500 30 650 50 300 40 200 600 50 200 E 810 850 890 740The following figures are from data on Good Island Economy Items $m Net private investment 940 Depreciation 56 Compensation of employees 2 256 Corporate taxes 416 Personal taxes 756 Personal Consumption expenditure 4 386 Government purchases 3 182 Indirect business taxes minus subsidies 482 Payment of factor income to the rest of the world 95 Corporate profits minus dividends 56 Government transfer payments and interest 243 Exports 855 Receipts of factor income from abroad 186 Imports of goods and services 385 Social insurance payments 332 Required: Use the above information to answer the following i.) Calculate for Good Island: Gross private investment Gross Domestic product Gross National Product Net National Product National income Personal Income Disposable Personal IncomeYou are given the following information about an economy: Smillions GDP at Market Prices 1,,669.4 Imports Gross Domestic Capital Formation Income accruing to the Public Sector Retained Business Earnings 290.5 48.7 39.0 75.9 Exports 273.4 Subsidies 16.8 Factor Payments from Abroad Capital Consumption Allowance Income Payments to Foreigners 10.0 10.5 19.2 Direct Taxes 355.6 Public Sector Consumption Expenditure 490.1 Indirect Taxes 297.3 Transfer Payments 25.7 Derive the following: (i) (ii) (iii) (iv) (v) National Income Net Investment Personal Income Disposable Income Household Consumption Expenditure
- Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions. Category Billions Compensation of employees U.S. exports of goods and services Consumption of fixed capital Government purchases $226.2 19.8 11.8 59.4 Taxes on production and imports 14.4 Net private domestic investment Transfer payments U.S. imports of goods and services 52.1 13.9 16.5 Personal taxes 40.5 Net foreign factor income Personal consumption expenditures Statistical discrepancy 2.2 249.1 0.0 Instructions: Round your answers to 1 decimal place. a. GDP = $ billion b. NDP = $ billion c. NI = $ billionSuppose GDP in this country is $1,680 million. Enter the amount for government purchases. Value National Income Account (Millions of dollars) Government Purchases (G) Taxes minus Transfer Payments (T) 360 Consumption (C) 1,000 Investment (I) 280 Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S) = Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table. Private Saving = million %3D Public Saving = million %3D Based on your calculations, the government is running a budget$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) National Income b) Net investment c) Personal Income
- Use the following composition of expenditure for the economy of a country named the Republic of Tapuwa, for the year ended 2019 to answer the questions below: COMPONENT R millions Consumption expenditure (C) 9 000 Investment (1) 6 500 Government spending (G) 7 000 Exports (X) 1 800 Imports (2) 2 400 Depreciation 700 Foreign payment to the rest of the 300 world Foreign payment from the rest of the 250 world Show all calculations and formulae. Q.7.2.1 Calculate the value of the country's GDE (Gross Domestic Expenditure). Q.7.2.2 Compute the value for the country's GDP (Gross Domestic Product) at market price. Q.7.2.3 Determine the value of the country's NNI (Net National Income) at market price. Q.7.2.4 Ifit is predicted that the GDP will increase to 22 000 in 2020, calculate the growth rate between 2019 and 2020. Q.7.2.5 The measure of GDP for economic growth is not always perfect. Describe any two problems that are associated with GDP as a measure of economic growth.Suppose GDP in this country is $480 million. Enter the amount for investment. National Income Account Government Purchases (G) Taxes minus Transfer Payments (T) Consumption (C) Investment (I) Value (Millions of dollars) 150 180 225 Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S) Private Saving Public Saving Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table. million 105 million million Based on your calculations, the government is running a budgetSuppose GDP in this country is $5800 million, Enter the amount for investment. Value National Income Account (Millions of dollars) Government Purchases (G) 200 Taxes minus Transfer Payments (T) 260 Consumption (C) 300 Investment (I) Complete the following table by using national income accounting identities to calculare national saving. In vour calculations, use data from the preceding table. National Saving (S) million Complete the following table by using national income accounting identities to calcutate private and public saving. In your calculations, use data from the initial table, Private Saving- malion Public Saving milion Based on your calculations, the government is running a budget