Meereen's National Accounts (2019) ($ billions) Government purchases 48 34 Proprietors' incomes and rents Exports 19 Indirect taxes 30 Gross investment 40 Wages and salaries 81 Corporate income 60 Imports 20 Net investment 31 Personal consumption Statistical discrepancy 90 What is the value of the total statistical discrepancy, before dividing it into two halve Multiple Choice $177 billion $37 billion $18.5 billion $21.5 billion $56 billion

Q: Calculate the net domestic product (NDP),

A: NDP (Net Domestic Product): It refers to the measurement of the economics output. It is the account…

Q: Given the Aggregate Expenditure schedule for Country A below. Calculate national income and net…

A: We know,National income=C+I+G+(X-M)Y=C+I+G+(X-M)Now,Y=34141+17926+9042+(36872-26812)Y=71,169

Q: Current Account Value Exports of goods 107,941 Exports of services 44,133 Primary income 36,063…

A: The statistical discrepancy is the amount by the sum of the capital, current and financial account…

Q: None

A: NNP=GNP−DepreciationGNP=Consumption+ Gross Investment+ Government Expenditure+(Exports−Imports)+ Net…

Q: goods and services Depreciation 200 Gross private domestic 100 investment Indirect taxes 600…

A: It is a measure of a country's economic activity.It indicates the total worth of all services and…

Q: Question 26 To avoid double counting when calculating gross domestic product (GDP), it is best to…

A: To avoid the problem of double counting, only value added at each stage of production should be…

Q: 1. Calculate the GDP by using both Income and Expenditure approaches. (Solution 8,300) Consumption…

A: Gross Domestic Product is the total value of goods and services produced within the domestic…

Q: Personal Consumption Expenditures $620 Saving Government Purchases 50 200 Net Domestic Product 750…

A: Disposable Income is the difference between personal income and personal income tax.

Q: Do not use satgpt

A: Step 1: GDP Computation     $ in BillionsPersonal consumption expenditures 219.1Gross private…

Q: Personal Consumption Expenditures $ 400 Government Purchases 128 Gross Private Domestic Investment…

A: The National Money is the total amount of income earned by a country from economic activity over the…

Q: Calculate the Gross National Product from the Data Below: Consumption Expenditures: Wages and…

A: GDP is the gross domestic product. GDP is defined as the market value of all the final goods and…

Q: government purchases $15 pesonal consumption 80 gross investment 29 consumption of fixed capital…

A: GDP is the total value of all finished commodities produced within the particular boundary of a…

Q: Use either the expenditure approach or the income approach to calculate the following national…

A: GDP by Expenditure Method = Consumption + Investment + Government Spending + Net Exports Net Exports…

Q: GDP Data (in $ billion) Table 7-1 Durable goods = $11,080.00 Services = $12,500.56 Business…

A: Gross domestic product is a monetary measure of the market value of all the final goods and services…

Q: Dollar Amount Item Durable goods Nondurable goods Services Fixed investment Inventory investment…

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

Q: What is the aggregate of the gross balances of primary income of all resident institutional units…

A: The inquiry was posed to us to identify the economic term that addresses the total of all primary…

Q: Suppose GDP in this country is $690 million. Enter the amount for consumption. Value National Income…

A: GDP is the Gross Domestic Product , it is the production of the goods and services within a country…

Q: 1. Calculate GDP using the expenditures approach for year 1 and year 2. Explain your rationale with…

A: Personal Consumption Expenditures (PCE)Year 1: $1,250,000 (Durable goods) + $889,000 (Nondurable…

Q: Expenditures for consumer goods and services Exports Government purchases of goods and services…

A: Personal income describes  the total earnings received by an individual from various sources,…

Q: NATIONAL INCOME DATA (in current prices) 1992 III Personal consumption expenditures Gross private…

A: Gross domestic product is the final combination of goods and services in a country. GDP is an…

Q: Calculate the value of consumption of fixed capital National income = $4000  GDPMP = $5000 Net…

A: The given information is as follows:- National income = $4000  GDPMP = $5000 Net indirect tax = $300…

Q: GDP Data (in $ billion) Table 7-1 Durable goods $10,600.49 Services = $12,500.56 Business purchases…

A: please find the answer below.

Q: Household purchases of education services AED108,720 Household purchases of new housing AED293,760…

A: here we calculate the GDP by using the expenditure method and also calculate the blank so…

Q: gross private domestic investment $1593 personal taxes 1113 transfer payments 1683 taxes on…

A: Corporate profits are are important for calculation of GDP of the country by income method.