Net Foreign Factor Income Corporate Profits Gross Private Domestic Investment Proprietors' Income Dividends Consumption of Fixed Capital Social Security Contributions US Exports Government Purchases $8 $483 billion. $376 billion. $372 billion. $317 billion. 47 73 46 13 41 10 23 97 314 Personal Consumption Expenditures Transfer Payments Imports of the US Personal Taxes Corporate Income Taxes Taxes on Production and Imports Interest Undistributed Corporate Profits Statistical Discrepancy Refer to the accompanying national income statistics (in billions of dollars). Personal income is Multiple Choice 27 24 46 23 50 16 11 66

Net Foreign Factor Income Corporate Profits Gross Private Domestic Investment Proprietors' Income Dividends Consumption of Fixed Capital Social Security Contributions US Exports Government Purchases $8 $483 billion. $376 billion. $372 billion. $317 billion. 47 73 46 13 41 10 23 97 314 Personal Consumption Expenditures Transfer Payments Imports of the US Personal Taxes Corporate Income Taxes Taxes on Production and Imports Interest Undistributed Corporate Profits Statistical Discrepancy Refer to the accompanying national income statistics (in billions of dollars). Personal income is Multiple Choice 27 24 46 23 50 16 11 66

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

Net Foreign Factor Income
Corporate Profits
Gross Private Domestic Investment
Proprietors' Income
Dividends
Consumption of Fixed Capital
Social Security Contributions
US Exports
Government Purchases
Personal Consumption Expenditures
Transfer Payments
Imports of the US
Personal Taxes
Corporate Income Taxes
Taxes on Production and Imports
Interest
$8
47
73
$372 billion.
$317 billion.
46
13
41
10
23
97
314
27
24
46
23
50
16
Undistributed Corporate Profits
Statistical Discrepancy
66
Refer to the accompanying national income statistics (in billions of dollars). Personal income is
Multiple Choice
$483 billion.
$376 billion.
11

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Personal Taxes Net Private Domestic Investment Net Exports National Income U.S. Exports Gross Private Domestic Investment Disposable Income Taxes on Production and Imports Undistributed Corporate Profits Proprietors' Income Net Foreign Factor Income Statistical Discrepancy Multiple Choice Refer to the accompanying national income data. All figures are in billions of dollars. The gross domestic product is O C о $328. $382. $333. $23 33 6 278 20 56 220 32 15 45 0 $301. 0
Consider the following table: GDP Depreciation Corporate earnings Transfer Payments Personal Tax Payments National income (NI) equals $ Personal income (PI) equals $ Disposable personal income (DPI)equals $ billion. (Enter your response as an integer.) billion. (Enter your response as an integer.) billion. (Enter your response as an integer.) Billions of dollars $13,300 1,500 1,250 600 1,000
Find the value added by a firm given that:- Domestic sales by firm = $5500 Exports by firm = $2000 Purchase by firm = $3000
If National income is $1300 million, net factor income from abroad is $500 million Find the value of net domestic product at factor cost
Calculate the value of consumption of fixed capital National income = $4000 GDPMP = $5000 Net indirect tax = $300 Net factor income from abroad = $200 All values are in million
I got the answer 621, but that was wrong so I’m not real sure where I derailed.
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.
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?
Suppose the following data are from the Economic Report of the President for the current year. Use the data in this table to answer the questions that follow. National Income Data Spending Category Corporate profits Depreciation Gross private domestic investment Personal taxes Personal saving Government spending Imports Net interest Compensation of employees Rental income Exports Personal consumption expenditures Indirect business taxes Contributions for Social Security (FICA) Transfer payments and other income Proprietors' income Amount (Billions of dollars) 305 490 716 565 120 924 547 337 2,648 19 427 2,966 370 394 967 328 Given the values in the table, the value of national income (NI) is $ billion National income is a better measure of economic performance than GDP because it adds subtracts the loss in capital value measured by depreciation.
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19
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